<SEC-DOCUMENT>0000723612-17-000092.txt : 20170522
<SEC-HEADER>0000723612-17-000092.hdr.sgml : 20170522
<ACCEPTANCE-DATETIME>20170522163741
ACCESSION NUMBER:		0000723612-17-000092
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170522
ITEM INFORMATION:		Entry into a Material Definitive Agreement
FILED AS OF DATE:		20170522
DATE AS OF CHANGE:		20170522

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVIS BUDGET GROUP, INC.
		CENTRAL INDEX KEY:			0000723612
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
		IRS NUMBER:				060918165
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10308
		FILM NUMBER:		17861396

	BUSINESS ADDRESS:	
		STREET 1:		6 SYLVAN WAY
		CITY:			PARSIPPANY
		STATE:			NJ
		ZIP:			07054
		BUSINESS PHONE:		973-496-4700

	MAIL ADDRESS:	
		STREET 1:		6 SYLVAN WAY
		CITY:			PARSIPPANY
		STATE:			NJ
		ZIP:			07054

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CENDANT CORP
		DATE OF NAME CHANGE:	19971218

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CUC INTERNATIONAL INC /DE/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMP U CARD INTERNATIONAL INC
		DATE OF NAME CHANGE:	19870914
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-kxninthmasteramdtrst.htm
<DESCRIPTION>NINTH MASTER AMDT RSTMT DEED 2017 EMEA SECURITIZATION
<TEXT>
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<div><a name="s99DBF365536390EDA077227FCACE0A88"></a></div><div></div><div><br></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM 8-K</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CURRENT REPORT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PURSUANT TO SECTION 13 OR 15(D) OF THE</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date of report (Date of earliest event reported): </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">May 22, 2017 (May 16, 2017)</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">Avis Budget Group, Inc.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Exact name of registrant as specified in its charter)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:32%;"></td><td style="width:2%;"></td><td style="width:16%;"></td><td style="width:16%;"></td><td style="width:2%;"></td><td style="width:32%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Delaware</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">001-10308</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">06-0918165</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State or Other Jurisdiction of Incorporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(IRS Employer Identification Number)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">6 Sylvan Way</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Parsippany, NJ</font></div></td><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">07054</font></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of Principal Executive Offices)</font></div></td><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Zip Code)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="6" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">973-496-4700</font></div></td></tr><tr><td colspan="6" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Registrant&#8217;s telephone number, including area code)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="6" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">N/A</font></div></td></tr><tr><td colspan="6" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Former name or former address, if changed since last report)</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Emerging growth company </font><font style="font-family:Wingdings;font-size:10pt;">o</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </font><font style="font-family:Wingdings;font-size:10pt;">o</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;"><hr></div><div><br></div><div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:13%;"></td><td style="width:2%;"></td><td style="width:85%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Item 1.01</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Entry into a Material Definitive Agreement.</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:132%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">On May 16, 2017, certain subsidiaries of Avis Budget Group, Inc. (the &#8220;Company&#8221;) entered into an Ninth Master Amendment and Restatement Deed in order to amend the terms of its European rental fleet securitization program. Under the program, the issuer may issue registered variable funding notes </font><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">with a term of up to three years. The Company&#8217;s rental vehicle fleets in Italy, Germany, Spain, France and the Netherlands serve as underlying security for the notes. Proceeds from the issuance of the notes are made available, on a revolving basis, to special-purpose Company subsidiaries to purchase vehicles for the Company&#8217;s rental vehicle fleets in Italy, Germany, Spain, France and the Netherlands.</font><font style="font-family:inherit;font-size:11pt;">&#32;</font><font style="font-family:inherit;font-size:11pt;">The Ninth Master Amendment and Restatement Deed amends the securitization program to, among other things, increase the maximum outstanding amount of notes issued under the facility to &#8364;1.65 billion.</font></div><div style="line-height:132%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:132%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Certain holders of the notes issued in the securitization, and their respective affiliates, have performed, and may in the future perform, various commercial banking, investment banking and other financial advisory services for the Company and its subsidiaries for which they have received, and will receive, customary fees and expenses.</font></div><div style="line-height:132%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:132%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the complete terms of the Ninth Master Amendment and Restatement Deed, which is filed as Exhibit 10.1 hereto and which is incorporated by reference herein.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:13%;"></td><td style="width:2%;"></td><td style="width:85%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Item 9.01</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibits.</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">(d) Exhibits.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;background-color:#ffffff;">The following exhibit is filed as part of this report:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.61111111111111%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:12%;"></td><td style="width:88%;"></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit No.</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:2px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Description</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">10.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:2px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Ninth Master Amendment and Restatement Deed, by and among CarFin Finance International DAC, Credit Agricole Corporate And Investment Bank, Deutsche Trustee Company Limited, Credit Agricole Corporate And Investment Bank, the Opcos, Servicers, Lessees and FleetCos listed therein, Avis Budget Car Rental, LLC, Avis Finance Company Limited, Avis Budget EMEA Limited, the Account Banks listed therein, Deutsche Bank Ag, London Branch, the Senior Noteholders and certain other entities named therein, dated May 16, 2017.*</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">*Confidential treatment has been requested for certain portions of this Exhibit pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, which portions have been omitted and filed separately with the Securities and Exchange Commission.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div><br></div><div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.40476190476191%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:48%;"></td><td style="width:4%;"></td><td style="width:4%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AVIS BUDGET GROUP, INC.</font></div><div style="font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">By:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">/s/ Bryon L. Koepke</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Bryon L. Koepke</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Senior Vice President and Corporate Secretary</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Date: May 22, 2017</font></div><div><br></div><div></div><hr style="page-break-after:always"><div></div><div><br></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AVIS BUDGET GROUP, INC.</font></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">CURRENT REPORT ON FORM 8-K</font></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Report Dated </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">May 22, 2017 (May 16, 2017)</font></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:132%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EXHIBIT INDEX</font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:14%;"></td><td style="width:86%;"></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit No.</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:2px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Description</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">10.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:2px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Ninth Master Amendment and Restatement Deed, by and among CarFin Finance International DAC, Credit Agricole Corporate And Investment Bank, Deutsche Trustee Company Limited, Credit Agricole Corporate And Investment Bank, the Opcos, Servicers, Lessees and FleetCos listed therein, Avis Budget Car Rental, LLC, Avis Finance Company Limited, Avis Budget EMEA Limited, the Account Banks listed therein, Deutsche Bank Ag, London Branch, the Senior Noteholders and certain other entities named therein, dated May 16, 2017.*</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">*Confidential treatment has been requested for certain portions of this Exhibit pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended, which portions have been omitted and filed separately with the Securities and Exchange Commission.</font></div><div><br></div><div></div>	</body>
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<TYPE>EX-10.1
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<FILENAME>ninthmasteramendmentandres.htm
<DESCRIPTION>EXHIBIT 10.1- NINTH MASTER AMDT RSTMT DEED 2017
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		<title>Exhibit</title>
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<div><a name="s5617FA1ACEEDD6EA86A9229CCAC1BFBE"></a></div><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AS INDICATED BY [REDACTED] AND SEPARATELY FILED WITH THE COMMISSION.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:18pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.39816933638444%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Dated 16 May 2017</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CARFIN FINANCE INTERNATIONAL DAC</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as the Issuer and FCT Noteholder</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as Arranger and Transaction Agent</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">DEUTSCHE TRUSTEE COMPANY LIMITED</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as Issuer Security Trustee</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as FleetCo Security Agent</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CERTAIN ENTITIES NAMED HEREIN</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as Opcos, Servicers and Lessees</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CERTAIN ENTITIES NAMED HEREIN</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as FleetCos </font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">AVIS BUDGET CAR RENTAL, LLC </font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as the Parent</font></div><div style="padding-bottom:8px;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">AVIS FINANCE COMPANY LIMITED </font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as Finco, the Subordinated Lender, the Avis Italian VAT Lender and the Maggiore Italian VAT Lender</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">AVIS BUDGET EMEA LIMITED</font></div><div style="padding-bottom:8px;padding-top:2px;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">as Avis Europe</font></div><div style="padding-bottom:8px;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CERTAIN ENTITIES NAMED HEREIN</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as the Account Banks</font></div><div style="padding-bottom:8px;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">DEUTSCHE BANK AG, LONDON BRANCH</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as Issuer Cash Manager, Dutch FleetCo Spanish Account Bank Operator, Dutch FleetCo German Account Bank Operator, Dutch FleetCo Dutch Account Bank Operator, French FleetCo Account Bank Operator, and FleetCo Back-up Cash Manager</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as French Intermediary Bank and FCT Servicer</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CACEIS BANK FRANCE </font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as FCT Custodian</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">FCT CARFIN </font></div><div style="padding-bottom:6px;padding-top:6px;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">represented by </font></div><div style="padding-bottom:6px;padding-top:6px;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">EUROTITRISATION</font></div><div style="padding-bottom:6px;padding-top:6px;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">as the FCT Management Company</font></div><div style="padding-bottom:8px;padding-top:8px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CERTAIN ENTITIES NAMED HEREIN</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:9pt;">as the Senior Noteholders</font></div><div style="padding-bottom:2px;padding-top:2px;text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">and</font></div><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">CERTAIN OTHER ENTITIES NAMED HEREIN </font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="text-align:center;font-size:18pt;"><font style="font-family:Arial;font-size:18pt;font-weight:bold;">NINTH MASTER AMENDMENT AND RESTATEMENT DEED</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:14pt;"><font style="font-family:Arial;font-size:14pt;font-weight:bold;">Linklaters</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ref: L-259901</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Linklaters LLP</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:145%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AS INDICATED BY [REDACTED] AND SEPARATELY FILED WITH THE COMMISSION.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div><a name="sC695720995948422C48E229CCAD7390A"></a></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:17%;"></td><td style="width:69%;"></td><td style="width:14%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TABLE OF CONTENTS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Contents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Page</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Definitions and Interpretation</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amendment and Restatement of the Original Master Definitions Agreement</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amendments to the Original Issuer Note Issuance Facility Agreement</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amendments to the Transaction Documents</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amendments to the Original Framework Agreement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amendment Date</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">8</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Transaction Agent</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">8</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">8</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Issuer Security Trustee and FleetCo Security Agent</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Senior Noteholders Consent</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Increase in Senior Noteholder Commitments</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Senior Advance Drawdown Notice</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">12</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Transaction Documents</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">13</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Confirmation of Guarantees</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Illegality</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">15</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rights and Remedies</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">16</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Counterparts</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">17</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Incorporation of Common Terms</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">18</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Third Party Rights</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">19</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Governing Law and Jurisdiction</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Schedule 1:</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Parties</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">12</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Schedule 2:</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amended and Restated Master Definitions Agreement</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">16</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Execution Page</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ii</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:145%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">This Amendment and Restatement Deed</font><font style="font-family:Arial;font-size:10pt;">&#32;is made on 16 May 2017 between:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CARFIN FINANCE INTERNATIONAL DAC</font><font style="font-family:Arial;font-size:10pt;">, a private limited company incorporated under the laws of Ireland with registered number 463656 and having its registered office at 1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;Floor, 1-2 Victoria Buildings, Haddington Road, Dublin 4, Ireland (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer</font><font style="font-family:Arial;font-size:10pt;">&#8221; and the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Noteholder</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK </font><font style="font-family:Arial;font-size:10pt;">(&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transaction Agent</font><font style="font-family:Arial;font-size:10pt;">&#8221; and &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Arranger</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE TRUSTEE COMPANY LIMITED </font><font style="font-family:Arial;font-size:10pt;">(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Security Trustee</font><font style="font-family:Arial;font-size:10pt;">&#8221;, acting for itself and on behalf of the Issuer Secured Creditors);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(4)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK </font><font style="font-family:Arial;font-size:10pt;">(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Security Agent</font><font style="font-family:Arial;font-size:10pt;">&#8221;, acting for itself and on behalf of the FleetCo Secured Creditors);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(5)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE OPCOS,</font><font style="font-family:Arial;font-size:10pt;">&#32;the</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;SERVICERS </font><font style="font-family:Arial;font-size:10pt;">and</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;LESSEES </font><font style="font-family:Arial;font-size:10pt;">listed in part 1 of Schedule 1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">The Parties</font><font style="font-family:Arial;font-size:10pt;">) hereto including </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET ITALIA S.P.A.</font><font style="font-family:Arial;font-size:10pt;">&#32;(as &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Sharing Italian Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221;, in its capacity as an Italian Opco under the VAT Sharing Agreement and the Italian Income Tax Consolidation Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(6)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE FLEETCOS </font><font style="font-family:Arial;font-size:10pt;">listed in part 2 of Schedule 1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">The Parties</font><font style="font-family:Arial;font-size:10pt;">) hereto;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(7)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET CAR RENTAL, LLC </font><font style="font-family:Arial;font-size:10pt;">(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(8)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS FINANCE COMPANY LIMITED </font><font style="font-family:Arial;font-size:10pt;">(&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Finco</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Lender</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Central Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian VAT Lender</font><font style="font-family:Arial;font-size:10pt;">&#8221; and the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Lender</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(9)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET EMEA LIMITED </font><font style="font-family:Arial;font-size:10pt;">(&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe</font><font style="font-family:Arial;font-size:10pt;">&#8221;, together with the Opcos, the Servicers, the Lessees, the Parent and Finco, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Obligors</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(10)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE ACCOUNT BANKS </font><font style="font-family:Arial;font-size:10pt;">listed in part 3 of Schedule 1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">The Parties</font><font style="font-family:Arial;font-size:10pt;">) hereto;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(11)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK AG, LONDON BRANCH </font><font style="font-family:Arial;font-size:10pt;">(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">&#8221; the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Cash Manager</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo German Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">&#8221;, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Italian Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">&#8221; and the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Spanish Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(12)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE SENIOR NOTEHOLDERS </font><font style="font-family:Arial;font-size:10pt;">listed in part 4 of Schedule 1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">The Parties</font><font style="font-family:Arial;font-size:10pt;">) hereto (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholders</font><font style="font-family:Arial;font-size:10pt;">&#8221;; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(13)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">INTERTRUST FINANCE MANAGEMENT (IRELAND) LIMITED </font><font style="font-family:Arial;font-size:10pt;">(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Corporate Services Provider</font><font style="font-family:Arial;font-size:10pt;">&#8221; and the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Holdings Corporate Services Provider</font><font style="font-family:Arial;font-size:10pt;">&#8221;); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(14)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CARFIN FINANCE HOLDINGS DAC</font><font style="font-family:Arial;font-size:10pt;">,</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">a private limited company incorporated under the laws of Ireland with registered number 463657 and having its registered office at 1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;Floor, 1-2 Victoria Buildings, Haddington Road, Dublin 4, Ireland (&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Holdings</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(15)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">INTERTRUST (NETHERLANDS) B.V. </font><font style="font-family:Arial;font-size:10pt;">and</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;VISTRA B.V. </font><font style="font-family:Arial;font-size:10pt;">(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Corporate Services Providers</font><font style="font-family:Arial;font-size:10pt;">&#8221;, together with the Issuer Corporate Services Provider and the FleetCo Holdings Corporate Services Provider, the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Corporate Services Providers</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(16)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:Arial;font-size:10pt;">&#32;(&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Intermediary Bank</font><font style="font-family:Arial;font-size:10pt;">&#8221; and &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(17)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CARFIN</font><font style="font-family:Arial;font-size:10pt;">&#32;(the &#8221;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT</font><font style="font-family:Arial;font-size:10pt;">&#8221;) represented by </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EUROTITRISATION</font><font style="font-family:Arial;font-size:10pt;">&#32;(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Management Company</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(18)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CACEIS BANK FRANCE</font><font style="font-family:Arial;font-size:10pt;">&#32;(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Custodian</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(19)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE BANK OF NOVA SCOTIA</font><font style="font-family:Arial;font-size:10pt;">&#32;and </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:Arial;font-size:10pt;">&#32;(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedge Counterparties</font><font style="font-family:Arial;font-size:10pt;">&#8221;);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(20)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CACEIS CORPORATE TRUST</font><font style="font-family:Arial;font-size:10pt;">&#32;(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Registrar</font><font style="font-family:Arial;font-size:10pt;">&#8221;); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">(21)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK LUXEMBOURG S.A</font><font style="font-family:Arial;font-size:10pt;">., a public limited liability company incorporated under the laws of Luxembourg, registered with the Register of Commerce and Companies in Luxembourg under number B 9164, whose registered office is at 2, Boulevard Konrad Adenauer, L-1115 Luxembourg (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registrar</font><font style="font-family:Arial;font-size:10pt;">&#8221;), </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each of the above a &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Party</font><font style="font-family:Arial;font-size:10pt;">&#8221; and together the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parties</font><font style="font-family:Arial;font-size:10pt;">&#8221; to this Deed.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">WHEREAS</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(A)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Certain of the Parties hereto entered into a Master Definitions Agreement dated 5 March 2013 as amended by an amendment letter dated 19 March 2013 and a second amendment agreement dated 15 April 2013, as amended and restated by a third master amendment and restatement agreement dated 21 May 2014 and a fourth master amendment and restatement deed dated 15 December 2014, as amended by a fifth master amendment deed dated 17 December 2014, as amended and restated by a sixth master amendment and restatement deed dated 16 April 2015, a seventh master amendment and restatement deed dated 22 January 2016 and an eighth master amendment and restatement deed dated 15 April 2016 (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Original Master Definitions Agreement</font><font style="font-family:Arial;font-size:10pt;">&#8221;). </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(B)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Certain of the Parties hereto entered into an Issuer Note Issuance Facility Agreement dated 5 March 2013 as amended by a second amendment agreement dated 15 April 2013 and as amended and restated by a third master amendment and restatement deed dated 21 May 2014 and a fourth master amendment and restatement deed dated 15 December 2014 (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Original Issuer Note Issuance Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">&#8221;).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(C)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Certain of the Parties hereto entered into a Framework Agreement dated 5 March 2013, as amended by an amendment letter dated 19 March 2013 and a second amendment agreement dated 15 April 2013 and as amended and restated by a third master amendment and restatement agreement dated 21 May 2014, a fourth master amendment and restatement deed dated 15 December 2014, a seventh master amendment and restatement deed dated 22 January 2016 and an eight master amendment and restatement deed dated 15 April 2016 (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Original Framework Agreement</font><font style="font-family:Arial;font-size:10pt;">&#8221;).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(D)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Parties have agreed to amend and restate the Original Master Definitions Agreement and to amend the Original Note Issuance Facility Agreement, the Original Framework Agreement and the Transaction Documents on the terms and conditions set out below.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Definitions and </font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Interpretation</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">1.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Unless otherwise defined herein or the context otherwise requires, terms defined in the Original Master Definitions Agreement (as amended or amended and restated from time to time) have the same meaning in this Deed. Subject to Clause 1.2 below, the provisions of clause 2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Principles of Interpretation and Construction</font><font style="font-family:Arial;font-size:10pt;">) of the Original Master Definitions Agreement (as amended or amended and restated from time to time) shall apply herein as if set out in full herein and as if references therein to a &#8220;Relevant Agreement&#8221; were to this Deed. In addition, &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Amendment Date</font><font style="font-family:Arial;font-size:10pt;">&#8221; has the meaning given in Clause 6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendment Date</font><font style="font-family:Arial;font-size:10pt;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">1.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">A reference to a &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Clause</font><font style="font-family:Arial;font-size:10pt;">&#8221; is a reference to a clause of this Deed.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Amendment and Restatement of the Original Master Definitions Agreement</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Original Master Definitions Agreement is amended and restated in the form set out in Schedule 2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amended and Restated Master Definitions Agreement</font><font style="font-family:Arial;font-size:10pt;">) (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Amended and Restated Master Definitions Agreement</font><font style="font-family:Arial;font-size:10pt;">&#8221;) and the rights and obligations of the parties (excluding such rights and obligations accrued prior to the Amendment Date) to the Original Master Definitions Agreement shall be governed by the Amended and Restated Master Definitions Agreement.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Parties note that it is contemplated that the General Motors Company shall sell its Opel and Vauxhall brands and their associated businesses to Groupe PSA, with a closing expected before the end of 2017. The date of such closing (which may occur after the end of 2017) shall be the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Opel Sale Completion Date</font><font style="font-family:Arial;font-size:10pt;">&#8221;.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Amendments to the Original Issuer Note Issuance Facility Agreement </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">3.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Original Issuer Note Issuance Facility Agreement shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">3.1.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by deleting clause 5.1.1 in its entirety and replacing it with the following:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;The Issuer may request an increase in the Total Senior Noteholder Commitments, provided that the Total Senior Noteholder Commitments shall not exceed EUR 1,650,000,000 and that such increase is subject to and conducted in accordance with this Clause 5.1. For the avoidance of doubt no Senior Noteholder is obliged to consent to such a request and its Senior Noteholder Commitment will not be affected by any other Senior Noteholder consenting to such a request.&#8221;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">3.1.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by deleting clause 15.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Representations and Warranties</font><font style="font-family:Arial;font-size:10pt;">) in its entirety and replacing it with the following:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">15.1</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Representations and Warranties</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:170px;text-indent:-47px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">15.1.1  </font><font style="font-family:Arial;font-size:10pt;">The Issuer represents and warrants to each of the Senior Noteholders the matters set out in clause 3.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Representations and Warranties</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:170px;text-indent:-47px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">15.1.2</font><font style="font-family:Arial;font-size:10pt;">&#32;&#32;The Issuer represents that, as at the Amendment Date, no more than 10 per cent. of the Total Senior Noteholder Commitments is held by U.S. persons (as defined in the Credit Risk Retention regulations implemented by U.S. Federal regulatory agencies including the SEC pursuant to Section 15G of the Exchange Act (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">U.S. Risk Retention </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:170px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rules</font><font style="font-family:Arial;font-size:10pt;">"), and such U.S. persons &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Risk Retention U.S. Person</font><font style="font-family:Arial;font-size:10pt;">") or for the account or benefit of Risk Retention U.S. Persons. Any proposed increase of the Senior Noteholder Commitment held by, or for the account or benefit of, any Risk Retention U.S. Person following the Amendment Date shall not be effective without the prior written consent of the Transaction Agent (as agent for the Senior Noteholders) and the Central Servicer. For the avoidance of doubt, the above provisions shall not be taken to mean that the U.S. Risk Retention Rules apply to the Senior Notes issued by the Issuer and the Issuer does not make any representation or statement, express or implied, that the U.S. Risk Retention Rules apply to the Senior Notes.&#8221; </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">3.1.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by inserting a new paragraph at the end of clause 15.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Times for Making Representations and Warranties</font><font style="font-family:Arial;font-size:10pt;">) as follows:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;The representations contained in Clause 15.1.2 are made by the Issuer on the Amendment Date.&#8221;</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">4</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Amendments to the Transaction Documents</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Parties hereby agree that, from and including the Opel Sale Completion Date, the Transaction Documents shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.1.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to the term &#8220;GM/Opel Group&#8221; in the Transaction Documents shall be construed as a reference to the term &#8220;GM Group&#8221;; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.1.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to the term &#8220;Peugeot/Citro&#235;n Group&#8221; in the Transaction Documents shall be construed as a reference to the term &#8220;Peugeot/Citro&#235;n/Opel Group&#8221;.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Blue Finn S.a.r.l., Betrange, Zollikon Branch confirms and the Parties hereby acknowledge that Blue Finn S.a.r.l., Luxembourg, K&#252;snacht Branch, as a Senior Noteholder, has been succeeded by Blue Finn S.a.r.l., Betrange, Zollikon Branch and agree that the Transaction Documents shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.2.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to &#8220;Blue Finn S.a.r.l., Luxembourg, K&#252;snacht Branch&#8221; in the Transaction Documents shall be construed as a reference to &#8220;Blue Finn S.a.r.l., Betrange, Zollikon Branch&#8221;;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.2.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to the registration number of Blue Finn S.a.r.l., being &#8220;CH-020.9.003.783-3&#8221;, shall be construed as a reference to &#8220;CHE-384.391.535&#8221;; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.2.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any notice to Blue Finn S.a.r.l. shall be given to the following address and notice details:</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-left:61px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:74.14187643020595%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:38%;"></td><td style="width:62%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dufourstrasse 5 <br>CH-8702 Zollikon <br>Switzerland</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Telephone:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+41 44 991 1367</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fax:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+41 44 912 2715</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Email:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paul.spiering@firstnames.com</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attention:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Paul Spiering</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Telephone:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+352 26 39 45 63</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fax:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+352 2 39 45 31</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Email:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">jo.goodsell@baml.com</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attention:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Jo Goodsell</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Telephone:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+44 20 7996 0620</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fax:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+44 20 7995 6413</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Email:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">andrei.gozia@baml.com</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attention</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Andrei Gozia</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Telephone:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+44 20 7995 0447</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fax:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+44 20 7995 6413</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Email:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">andrei.cotonet@baml.com</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;padding-left:32px;text-indent:-32px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attention:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Andrei Cotonet&#8221;</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;padding-left:225px;text-indent:-91px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Elektra Purchase No. 34 DAC confirms and the Parties hereby acknowledge that Elektra Purchase No. 34 Limited, as a Senior Noteholder, has changed its name and address and agree that the Transaction Documents shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.3.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to &#8220;Elektra Purchase No. 34 Limited&#8221; in the Transaction Documents shall be construed as a reference to &#8220;Elektra Purchase No. 34 DAC&#8221;; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.3.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any notice to Elektra Purchase No. 34 DAC shall be given to the following address and notice details:</font></div></td></tr></table><div style="line-height:120%;padding-left:61px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:65.90389016018307%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:42%;"></td><td style="width:58%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;Address:</font></div></td><td style="vertical-align:top;padding-left:6px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1-2 Victoria Buildings</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Haddington Road</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dublin 4</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">D04XN32</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ireland</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Telephone:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+353 (0) 1 775 2600</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fax:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">+353 (0) 1 775 2601</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Email:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">arabella@intertrustgroup.com</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attention:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:6px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Directors&#8221;</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.4</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">CarFin Finance International DAC confirms and the Parties hereby acknowledge that CarFin Finance International Limited has changed its name and address and agree that the Transaction Documents shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.4.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to &#8220;CarFin Finance International Limited&#8221; in the Transaction Documents shall be construed as a reference to &#8220;CarFin Finance International DAC&#8221;; and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.4.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to the registered office of CarFin Finance International DAC, being &#8220;1 Grant's Row, Lower Mount Street, Dublin 2, Ireland&#8221; shall be construed as a reference to &#8220;1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;Floor, 1-2 Victoria Buildings, Haddington Road, Dublin 4, Ireland&#8221;.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.5</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">CarFin Finance Holdings DAC confirms and the Parties hereby acknowledge that CarFin Finance Holdings Limited has changed its name and address and agree that the Transaction Documents shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.5.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to &#8220;CarFin Finance Holdings Limited&#8221; in the Transaction Documents shall be construed as a reference to &#8220;CarFin Finance Holdings DAC&#8221;; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.5.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to the registered office of CarFin Finance Holdings DAC, being &#8220;1 Grant's Row, Lower Mount Street, Dublin 2, Ireland&#8221; shall be construed as a reference to &#8220;1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;Floor, 1-2 Victoria Buildings, Haddington Road, Dublin 4, Ireland&#8221;.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.6</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Intertrust Finance Management (Ireland) Limited confirms and the Parties hereby acknowledge that Structured Finance Management (Ireland) Limited has changed its name and agree that the Transaction Documents shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">4.6.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference to &#8220;Structured Finance Management (Ireland) Limited&#8221; in the Transaction Documents shall be construed as a reference to &#8220;Intertrust Finance Management (Ireland) Limted&#8221;.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">5</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Amendments to the Original Framework Agreement</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Original Framework Agreement shall be amended as follows:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">5.1.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by inserting a new second paragraph in clause 3.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Representations and Warranties</font><font style="font-family:Arial;font-size:10pt;">)</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:Arial;font-size:10pt;">immediately after the first paragraph as follows:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;The representations and warranties contained in Clause 3.1.40 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Anti-bribery, anti-corruption and anti-money laundering</font><font style="font-family:Arial;font-size:10pt;">) and Clause 3.1.41 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Sanctions</font><font style="font-family:Arial;font-size:10pt;">)</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:Arial;font-size:10pt;">are made by the Issuer on the Amendment Date.&#8221;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">5.1.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by inserting new clauses 3.1.40 and 3.1.41 as follows:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3.1.40 </font><font style="font-family:Arial;font-size:10pt;">Anti-bribery, anti-corruption and anti-money laundering</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Neither it nor any of its directors or officers has engaged in any activity or conduct which would violate any applicable Anti-Corruption Laws or applicable Sanctions.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">To the best of the Issuer&#8217;s knowledge and belief, no actions or investigations by any governmental or regulatory agency are ongoing or threatened against the Issuer, or any of its directors, associated party or person acting on their behalf in relation to a breach of the Anti-Corruption Laws.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3.1.41</font><font style="font-family:Arial;font-size:10pt;">&#32;Sanctions</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:136px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Neither it nor any of its directors or officers is (i) an individual or entity (a &#8220;Person&#8221;), that is, or is owned or controlled by, a Sanctioned Person or (ii) located, organised or resident in a country or territory that is, or whose government is, the subject of Sanctions broadly prohibiting dealings with such government, country, or territory.&#8221;</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">5.1.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by inserting a new clause 4.1.47 as follows:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">4.1.47</font><font style="font-family:Arial;font-size:10pt;">&#32;Sanctions</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:136px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Issuer will not, directly or indirectly, use the proceeds of the issuance of Senior Notes hereunder, or lend, contribute or otherwise make available such proceeds to any Person, (i) to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, a Sanctioned Person or Sanctioned Country, or (ii) in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the loan hereunder, whether as underwriter, advisor, investor, lender, hedge provider, facility or security agent or otherwise).&#8221;</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">6</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Amendment Date</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">6.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Unless stated otherwise in this Deed, the Parties hereby agree that the amendments set out in Clause 2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendment and Restatement of the Original Master Definitions Agreement</font><font style="font-family:Arial;font-size:10pt;">), Clause 3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendments to the Original Issuer Note Issuance Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">), Clause 4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendments to the </font><font style="font-family:Arial;font-size:10pt;">Transaction Documents) and Clause 5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendments to the Original Framework Agreement</font><font style="font-family:Arial;font-size:10pt;">) shall be effective from and including the date (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Amendment Date</font><font style="font-family:Arial;font-size:10pt;">&#8221;) the Transaction Agent has received the following documents in form and substance satisfactory to the Transaction Agent:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">6.1.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a closing certificate dated the Amendment Date given by an authorised signatory of the Issuer, substantially in the form distributed to the Transaction Agent prior to signing this Deed, including confirmations that:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">no Issuer Event of Default has occurred and is continuing or would result from such increase in the Total Senior Noteholder Commitments;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Repeating Representations being repeated are true and correct;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">and provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">6.1.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to the extent that the Senior Notes are immediately before the Amendment Date ascribed a rating by one or more Rating Agencies that the Issuer has received Rating Agency Affirmation; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:8.5pt;font-weight:bold;">6.1.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">that each increased Senior Noteholder Commitment and any issuance of one or more Further Senior Notes in respect thereof shall be made in accordance with and subject to the terms and conditions of the Issuer Transaction Documents.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">6.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Notwithstanding anything to the contrary contained herein, if for any reason this Deed fails to be effective on the Amendment Date, this Deed shall terminate and the rights and obligations of the parties to the Transaction Documents shall be fully preserved as they existed prior to the date hereof. The Transaction Agent shall notify the other parties hereto of the occurrence of the Amendment Date.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">7</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Transaction Agent</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">In accordance with clause 13.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Directions, Instructions, Amendments, Waivers and Modification of Transaction Documents by the Transaction Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement, each Senior Noteholder hereby instructs and directs the Transaction Agent to </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">consent to all the amendments required to be agreed by such Senior Noteholder as set out herein.</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">7.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Transaction Agent hereby consents to all amendments referred to herein.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">8</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Issuer Security Trustee and FleetCo Security Agent</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">8.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">In accordance with clause 24.3.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Directions, Instructions, Amendments, Waivers and Modifications of Transaction Documents by the Issuer Security Trustee</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement, the Transaction Agent, by the execution of this Deed, hereby instructs and directs the Issuer Security Trustee to enter into this Deed and all other relevant documents to be entered into in connection herewith and to consent to all the amendments required to be agreed by the Issuer Security Trustee as set out herein.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">8.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">In accordance with clause 14.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Instructions to FleetCo Security Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement, the Transaction Agent, by the execution of this Deed, hereby instructs and directs the FleetCo Security Agent to enter into this Deed and all other relevant documents to be entered into in connection herewith and to consent to all the amendments required to be agreed by the FleetCo Security Agent as set out herein.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">9</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Senior Noteholders Consent</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Each of the Senior Noteholders hereby consents to the amendments contemplated by and set out in this Deed and Senior Noteholder Fee Letters dated on or about the date stated at the beginning of this Deed.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">10</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Increase in Senior Noteholder Commitments</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Notwithstanding any provision of the Issuer Note Issuance Facility Agreement (in particular clauses 4.1, 5.1 and 21.4 therein), each of the Parties to this Deed that is also a party to the Issuer Note Issuance Facility Agreement hereby consents to the increase in Senior Noteholder Commitments as set out in the Senior Noteholder Fee Letters dated on or about the date stated at the beginning of this Deed and as set out in the definition of &#8220;Total Senior Noteholder Commitments&#8221; in the Amended and Restated Master Definitions Agreement.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">11</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Senior Advance Drawdown Notice</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">11.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Notwithstanding any provision of the Issuer Note Issuance Facility Agreement, no Senior Noteholder is obliged to pay, or procure the payment of, the subscription for the Further Senior Note for which it is subscribing in accordance with the Senior Advance Drawdown Notice dated on or about the date of this Deed until the Amendment Date.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">11.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Issuer agrees to indemnify the Transaction Agent, the Issuer Security Trustee, the Issuer Cash Manager, the Registrar, each of the Senior Noteholders and their respective Affiliates, directors, officers, employees and agents (each, an &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Indemnified Party</font><font style="font-family:Arial;font-size:10pt;">&#8221;) against any cost, loss or liability incurred by that Indemnified Party as a result of funding, or making arrangements to fund, its participation in a Senior Advance requested by the Issuer in the Senior Advance Drawdown Notice dated on or about the date of this Deed but not made by reason of the Amendment Date not occurring on 22 May 2017 due to the operation of Clause 6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendment Date</font><font style="font-family:Arial;font-size:10pt;">).</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">8</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">12</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Transaction Documents</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">12.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Save as expressly amended by this Deed, the Original Master Definitions Agreement, the Original Issuer Note Issuance Facility Agreement and the other Transaction Documents shall otherwise remain unamended and in full force and effect in accordance with the terms thereof.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">12.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">By their acceptance of the terms of this Deed, each of the Issuer, the FleetCos and the Avis Obligors confirms that its obligations under the Transaction Documents to which it is a party will remain in full force and effect.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">12.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The FleetCo Security Agent and the Transaction Agent hereby designate this Deed as a FleetCo Transaction Document.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">12.4</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Transaction Agent hereby designates this Deed as an Issuer Transaction Document.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">13</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Confirmation of Guarantees</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">13.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget EMEA Limited as the guarantor under the Avis Europe Payment Guarantee hereby (i) expressly confirms that its obligations under the Avis Europe Payment Guarantee remain in full force and effect notwithstanding the amendments to the Transaction Documents as set out in this Deed and (ii) acknowledges that it is not released from its obligations under the Avis Europe Payment Guarantee.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">13.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">Finco as the guarantor under the Finco Payment Guarantee hereby (i) expressly confirms that its obligations under the Finco Payment Guarantee remain in full force and effect notwithstanding the amendments to the Transaction Documents as set out in this Deed and (ii) acknowledges that it is not released from its obligations under the Finco Payment Guarantee.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">14</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Illegality</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">If, at any time, any provision hereof is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions hereof nor the legality, validity or enforceability of such provision under the law of any other jurisdiction shall in any way be affected or impaired thereby.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">15</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Rights and Remedies</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">No failure by the Issuer Secured Creditors or the FleetCo Secured Creditors to exercise, or any delay by the Issuer Secured Creditors or the FleetCo Secured Creditors in exercising, any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy prevent any further or other exercise thereof or the exercise of any other right or remedy. The rights and remedies provided herein are cumulative and not exclusive of any rights or remedies provided by law or under any Transaction Document.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">16</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Counterparts</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This Deed may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy of this Deed.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">17</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Incorporation of Common Terms</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Common Terms shall be incorporated by reference into this Deed. If there is any conflict between the Common Terms as incorporated by reference into this Deed and the other provisions of this Deed, the provisions of the incorporated Common Terms shall prevail.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">18</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Third Party Rights</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">No person shall have any right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Deed.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">19</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Governing Law and Jurisdiction</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This Deed and all non-contractual obligations arising out of or in connection with it shall be governed by, and shall be construed in accordance with, English law. 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(the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis</font><font style="font-family:Arial;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221; and an &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">421940586</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Alquile un Coche S.A. (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A28152767</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autoverhuur B.V. (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">33129079</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Location de Voitures SAS (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">652 023 961 RCS Nanterre</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Maggiore Rent S.p.A. (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221; and an &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0677 158 1003</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicers (excluding the Central Servicer) </font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.31350114416476%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:48%;"></td><td style="width:2%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Servicers</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Alquile un Coche S.A. (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221;) in respect of Dutch FleetCo&#8217;s fleet in Spain</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A28152767</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In respect of Italian FleetCo: Avis Budget Italia S.p.A. (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221; and an &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">421940586</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In respect of French FleetCo: Avis Location de Voitures SAS (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">652 023 961 RCS Nanterre</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Maggiore Rent S.p.A. (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221; and an &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0677 158 1003</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Central Servicer</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.31350114416476%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:48%;"></td><td style="width:2%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Central Servicer</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Finance Company Limited (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Central Servicer</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2123807</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lessees</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.31350114416476%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:48%;"></td><td style="width:2%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Lessees</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autovermietung GmbH &amp; Co. KG (as lessee under the Master German Fleet Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRA 3033</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Italia S.p.A. (as lessee under an Italian Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">421940586</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Alquile un Coche S.A. (as lessee under the Spanish Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A28152767</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autoverhuur B.V. (as lessee under the Master Dutch Fleet Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">33129079</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Location de Voitures SAS (as lessee under the French Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">652 023 961 RCS Nanterre</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Maggiore Rent S.p.A. (as lessee under an Italian Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0677 158 1003</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Part 2 FleetCos</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.31350114416476%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:48%;"></td><td style="width:2%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of FleetCos</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Jurisdiction of Incorporation and legal form</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FinCar Fleet B.V., a private company with limited liability (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">besloten vennootschap met beperkte aansprakelijkheid</font><font style="font-family:Arial;font-size:10pt;">) (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">55227732</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FinCar Fleet B.V., Sucursal en Espa&#241;a, the Spanish branch of FINCAR FLEET B.V. (a private company with limited liability (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">besloten vennootschap met beperkte aansprakelijkheid</font><font style="font-family:Arial;font-size:10pt;">) incorporated under the laws of Netherlands) with registered address at Avenida Manoteras, n&#186; 32, 28050 Madrid, Spain and Spanish fiscal identification number W0037096E and registered at the Mercantile Registry in Madrid under volume 28809, page 190, section 8th and sheet M-518708 (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo, Spanish Branch</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">W0037096E</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Italia S.p.A. Fleet Co. S.A.p.A., a partnership limited by shares (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">97550851009</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AB FleetCo a simplified limited stock company (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">soci&#233;t&#233; par actions simplifi&#233;e</font><font style="font-family:Arial;font-size:10pt;">) (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">799 383 997 R.C.S. Beauvais</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">12</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10.5pt;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">Part 3 Account Banks </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.08466819221968%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:2%;"></td><td style="width:51%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Account Bank</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG, London branch (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Account Bank</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number BR00005</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank S.A.E. (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Account Bank</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A-08000614</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG, London branch (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number BR00005</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank S.P.A (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Account Bank</font><font style="font-family:Arial;font-size:10pt;">&#8221;)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1340740156</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Account 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style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:14px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Ref: L-259901</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Linklaters LLP</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:145%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s77E3DA471BC9FB0AE956229CCB2C40CB"></a></div><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:16%;"></td><td style="width:76%;"></td><td style="width:8%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TABLE OF CONTENTS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Contents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Page</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Definitions and Interpretation</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Principles of Interpretation and Construction</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">132</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Incorporation of Common Terms and Clause 24 of the Framework Agreement</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">137</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Governing Law and Jurisdiction</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">137</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Enforcement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">137</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Schedule-</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Parties</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">139</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34067367</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">i</font></div></div><hr style="page-break-after:always"><div><a name="s652CB3182C2C85703BCE229CCB5147FC"></a></div><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">This Agreement</font><font style="font-family:Arial;font-size:10pt;">&#32;is dated 5&#160;March </font><font style="font-family:Arial;font-size:9pt;">2013 </font><font style="font-family:Arial;font-size:10pt;">as amended pursuant to an amendment letter dated 19&#160;March 2013 and a second amendment agreement dated 15&#160;April 2013 and as amended and restated pursuant to a third master amendment and restatement deed dated 21&#160;May 2014 and as amended pursuant to a fourth master amendment and restatement deed dated 15&#160;December 2014 and a fifth master amendment deed dated 17&#160;December&#160;2014 and a sixth amendment and restatement deed dated 16&#160;April 2015 and a seventh amendment and restatement deed dated 22 January 2016, an eighth amendment and restatement deed dated 15&#160;April&#160;2016 and a ninth amendment and restatement deed dated  ___&#160;May&#160;2017 and made </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">BETWEEN</font><font style="font-family:Arial;font-size:10pt;">:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:6px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;padding-left:38.666666666666664px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-38.666666666666664px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CARFIN FINANCE INTERNATIONAL DAC</font><font style="font-family:Arial;font-size:10pt;">, incorporated under the laws of Ireland with registered number 463656 and having its registered office at 1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;Floor, 1-2 Victoria Buildings, Haddington Road, Dublin 4, Ireland (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer</font><font style="font-family:Arial;font-size:10pt;">" and the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Noteholder</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transaction Agent</font><font style="font-family:Arial;font-size:10pt;">" and the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Arranger</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE TRUSTEE COMPANY LIMITED </font><font style="font-family:Arial;font-size:10pt;">(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Security Trustee</font><font style="font-family:Arial;font-size:10pt;">", acting for itself and on behalf of the Issuer Secured Creditors);</font></div></td></tr></table><table 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ITALIA S.P.A. </font><font style="font-family:Arial;font-size:10pt;">(as "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Sharing Italian Opco</font><font style="font-family:Arial;font-size:10pt;">", in its capacity as an Italian Opco under the VAT Sharing Agreement and the Italian Income Tax Consolidation Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE FLEETCOS</font><font style="font-family:Arial;font-size:10pt;">&#32;listed in Part&#160;2 of the Schedule (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">The Parties</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET CAR RENTAL, LLC</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS FINANCE COMPANY LIMITED</font><font style="font-family:Arial;font-size:10pt;">&#32;("</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Finco</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Lender</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Central Servicer</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch VAT Lender</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Lender</font><font style="font-family:Arial;font-size:10pt;">" and the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian VAT Lender</font><font style="font-family:Arial;font-size:10pt;">"); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET EMEA LIMITED</font><font style="font-family:Arial;font-size:10pt;">&#32;("</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe</font><font style="font-family:Arial;font-size:10pt;">", together with the Opcos, the Servicers, the Lessees, the Parent and Finco, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Obligors</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(j)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE ACCOUNT BANKS</font><font style="font-family:Arial;font-size:10pt;">&#32;listed in Part&#160;3 of the Schedule (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">The Parties</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(k)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK AG, LONDON BRANCH</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Cash Manager</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">", the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">" and, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(l)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE SENIOR NOTEHOLDERS</font><font style="font-family:Arial;font-size:10pt;">&#32;listed in Part&#160;4 of the Schedule (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">The Parties</font><font style="font-family:Arial;font-size:10pt;">) (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholders</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(m)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">INTERTRUST FINANCE MANAGEMENT (IRELAND) LIMITED</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Corporate Services Provider</font><font style="font-family:Arial;font-size:10pt;">" and the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Holdings Corporate Services Provider</font><font style="font-family:Arial;font-size:10pt;">"); </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(n)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">INTERTRUST (NETHERLANDS) B.V. </font><font style="font-family:Arial;font-size:10pt;">and</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;VISTRA B.V. </font><font style="font-family:Arial;font-size:10pt;">(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Corporate Services Providers</font><font style="font-family:Arial;font-size:10pt;">", together with the Issuer Corporate Services Provider and the FleetCo Holdings Corporate Services Provider, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Corporate Services Providers</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(o)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FISERV AUTOMOTIVE SOLUTIONS, INC.</font><font style="font-family:Arial;font-size:10pt;">, a company duly incorporated under the laws of Delaware with registered number&#160;2403201 (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Liquidation Agent</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(p)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Intermediary Bank</font><font style="font-family:Arial;font-size:10pt;">" and the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Servicer</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(q)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CACEIS BANK FRANCE</font><font style="font-family:Arial;font-size:10pt;">, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Custodian</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(r)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT CARFIN</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT</font><font style="font-family:Arial;font-size:10pt;">") represented by </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EUROTITRISATION</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Management Company</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(s)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK </font><font style="font-family:Arial;font-size:10pt;">and </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">BANK OF NOVA SCOTIA </font><font style="font-family:Arial;font-size:10pt;">(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedge Counterparties</font><font style="font-family:Arial;font-size:10pt;">");</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(t)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CARFIN FINANCE HOLDINGS DAC</font><font style="font-family:Arial;font-size:10pt;">&#32;(the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Holdings</font><font style="font-family:Arial;font-size:10pt;">"); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(u)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK LUXEMBOURG S.A.</font><font style="font-family:Arial;font-size:10pt;">,</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">a public limited liability company incorporated under the laws of Luxembourg, registered with the Register of Commerce and Companies in Luxembourg under number B&#160;9164, whose registered office is at 2, Boulevard Konrad Adenauer, L-1115 Luxembourg (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registrar</font><font style="font-family:Arial;font-size:10pt;">"), </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each of the above a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Party</font><font style="font-family:Arial;font-size:10pt;">" and together the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parties</font><font style="font-family:Arial;font-size:10pt;">" to this Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">It is agreed</font><font style="font-family:Arial;font-size:10pt;">&#32;that the Parties have agreed to incorporate into certain of the Transaction Documents to which they are a party the definitions and principles of construction and interpretation contained herein.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Amendment and Restatement</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Parties have agreed to amend and restate the terms of the master definitions agreement dated 5&#160;March 2013 between, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">inter alios</font><font style="font-family:Arial;font-size:10pt;">, the Issuer and the Transaction Agent (as amended pursuant to an amendment letter dated 19&#160;March 2013 and a second amendment agreement dated 15&#160;April 2013 and as amended and restated pursuant to a third master amendment and restatement deed dated 21&#160;May 2014 and amended pursuant to a fourth master amendment and restatement deed dated 15&#160;December 2014 and a fifth master amendment deed dated 17&#160;December 2014, a sixth master amendment and restatement deed dated 16&#160;April 2015, a seventh master amendment and restatement deed dated 22 January 2016 and an eighth amendment and restatement deed dated 15&#160;April&#160;2016, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Original MDA</font><font style="font-family:Arial;font-size:10pt;">") as set out herein with effect, subject to clause&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendment Date</font><font style="font-family:Arial;font-size:10pt;">) of the MARD (as defined in the definition of &#8220;Amendment Date&#8221;), from the Amendment Date. As at the Amendment Date, any future rights or obligations (excluding such rights and obligations accrued prior to the Amendment Date) of a party under the Original MDA shall be extinguished and shall instead be governed by this Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Notwithstanding anything to the contrary contained herein, if for any reason this Agreement fails to be effective on the Amendment Date, this Agreement shall terminate and be replaced by the Original MDA as existed immediately prior to the date hereof and the rights and obligations of the parties to the Transaction Documents shall be fully preserved as they existed immediately prior to the date hereof.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Definitions and Interpretation</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Each of the Parties agrees that in any agreement, deed or other document expressly stating that terms defined herein shall have the same meanings therein (except where otherwise defined therein):</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2009 Act</font><font style="font-family:Arial;font-size:10pt;">" means the Land and Conveyancing Law Reform Act&#160;2009 of Ireland.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ABCP</font><font style="font-family:Arial;font-size:10pt;">" means asset backed commercial paper having a maturity of less than or equal to one year from the date of issue.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ABCP</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Market</font><font style="font-family:Arial;font-size:10pt;">" means the market for ABCP.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ABCP Market Disruption</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of any issuer of ABCP or the ABCP Market generally, a circumstance in which market conditions prevent the issuance of ABCP.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ABG</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget Group, Inc.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acceding Issuer Hedge Counterparty</font><font style="font-family:Arial;font-size:10pt;">" any Issuer Hedge Counterparty which accedes to the Framework Agreement pursuant to clause&#160;11 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Additional Issuer Secured Creditors and Accession of Liquidation Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acceding Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" means, subject to and in accordance with clause&#160;21.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Transfers by Senior Noteholders; Accession of further Senior Noteholders</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement, a Conduit or a Financial Institution which enters into a relevant Senior Noteholder Accession Deed.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acceding Subordinated Lender</font><font style="font-family:Arial;font-size:10pt;">" means any Subordinated Lender which accedes to the Framework Agreement pursuant to clause&#160;11 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Additional Issuer Secured Creditors and Accession of Liquidation Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acceleration Notice</font><font style="font-family:Arial;font-size:10pt;">" means: (i)&#160;a notice delivered by the Issuer Security Trustee pursuant to the Framework Agreement by which the Issuer Security Trustee declares that all Issuer Secured Liabilities shall be accelerated; or (ii)&#160;a notice delivered by the FleetCo Security Agent pursuant to the Framework Agreement by which the FleetCo Security Agent declares that all FleetCo Secured Liabilities shall be accelerated which, for the avoidance of doubt, may be delivered simultaneously with or after the delivery of an Enforcement Notice.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Acceptable Bank</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(i)&#160;&#160;&#160;&#160;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:37px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to the extent that the Senior Notes are rated by one or more Rating Agencies, a bank or financial institution approved by the Transaction Agent which has a rating for its long-term unsecured, unsubordinated, unguaranteed debt obligations from at least two Rating Agencies of "Baa2" by Moody's or "BBB" by S&amp;P or "BBB" by Fitch or "BBB" by DBRS, provided that each of Deutsche Bank S.A.E. and Deutsche Bank SpA, to the extent that either of them is or will become an Account Bank, will qualify as an Acceptable Bank in accordance with the Transaction Documents for so long as (i)&#160;Deutsche Bank AG has a rating for its long-term unsecured, unsubordinated, unguaranteed debt obligations from at least two Rating Agencies of "Baa2" by Moody's or "BBB" </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:82px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">by S&amp;P or "BBB" by Fitch or "BBB" by DBRS; (ii)&#160;each of Deutsche Bank S.A.E. and Deutsche Bank SpA continues to be owned (directly and indirectly) by Deutsche Bank AG; and (iii)&#160;the words "Deutsche Bank" are contained in its legal name, and, in any case, only until such date when the relevant Rating Agency which may have attributed the rating to the Senior Notes notifies the Issuer that either of Deutsche Bank S.A.E. and Deutsche Bank SpA no longer qualifies as an Acceptable Bank; or</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:37px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Deutsche Bank entity or other bank or financial institution nominated by the Parent or Finco and approved by (i)&#160;the Transaction Agent and (ii)&#160;(if the Senior Notes are rated by one or more Rating Agencies) the relevant Rating Agency, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that, if (x)&#160;Deutsche Bank AG does not have the required ratings pursuant to paragraph (i)(a)&#160;above or (y)&#160;the relevant Rating Agency will not provide an approval of the relevant Deutsche Bank entity or other such bank or financial institution pursuant to paragraph&#160;(i)(b), a certificate from the Central Servicer confirming that, in its reasonable opinion, the Rating Agencies will not take adverse rating action in respect of the Senior Notes would be sufficient; and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a bank or financial institution which is a bank or financial institution authorised to accept deposits in (in relation to the Spanish Account Bank Agreement) Spain, (in relation to the German Account Bank Agreement) Germany, (in relation to the Italian Account Bank Agreement) Italy, (in relation to the Dutch Account Bank Agreement) The Netherlands, (in relation to the French Account Bank Agreement) France and (in relation to the Issuer Account Bank Agreement and in respect of the Issuer Accounts) the United Kingdom or Ireland.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Accession Deed</font><font style="font-family:Arial;font-size:10pt;">" means each deed of accession substantially in the relevant form set out in schedule&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Forms of Accession Deed</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, as applicable, the Issuer Account Bank Agreement, the German Account Bank Agreement, the Italian Account Bank Agreement, the Spanish Account Bank Agreement, the Dutch Account Bank Agreement or the French Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Additional Accounts</font><font style="font-family:Arial;font-size:10pt;">" means any additional account is opened in accordance with the relevant Account Bank Agreement and the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Affiliate</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means, in relation to any person, a Subsidiary of that person or a Holding Company of that person or any other Subsidiary of that Holding Company.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Aggregate Redesignation Amount</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Master Lease Agreement, the sum of all Redesignation Amounts under such Master Lease Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Amendment Date</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to that term in the ninth master amendment and restatement deed dated 16 May 2017 (the &#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MARD</font><font style="font-family:Arial;font-size:10pt;">&#8221;) between, among others, the parties to this Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Anti-Corruption Laws</font><font style="font-family:Arial;font-size:10pt;">&#8221; means all laws, rules, and regulations of any jurisdiction applicable to an Avis Obligor, FleetCo or its Affiliates from time to time concerning or relating to bribery, corruption or anti-money laundering, to the extent legally applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Applicable Accounting Principles</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means GAAP.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Applicable EURIBOR</font><font style="font-family:Arial;font-size:10pt;">" means: (i)&#160;in respect of a Senior Advance from the Senior Noteholder Group in respect of Jupiter Securitization Company LLC as a Senior Noteholder, three month EURIBOR for each day during such Interest Period, and (ii)&#160;in respect of (x)&#160;a Senior Advance with a Senior Advance Interest Period or (y)&#160;a Subordinated Advance or a VAT Loan Advance with an Interest Period:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Interest Period End Date falls on or before:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the seventh day; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such seventh day is not a Business Day: </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(x) &#160;&#160;&#160;&#160;the Business Day immediately following such seventh day; or </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the day in (x)&#160;above would otherwise be in the next calendar month, the Business Day immediately preceding such seventh day, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case, following, as applicable, the Senior Advance Drawdown Date of such Senior Advance or the drawdown date of such Subordinated Advance or such VAT Loan Advance, one-week EURIBOR;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Interest Period End Date does not fall within paragraph&#160;(i) above but does fall on or before:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the fourteenth day; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such fourteenth day is not a Business Day:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(x) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Business Day immediately following such fourteenth day; or </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the day in&#160;(x) above would otherwise be in the next calendar month, the Business Day immediately preceding such fourteenth day, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case, following, as applicable, the Senior Advance Drawdown Date of such Senior Advance or the drawdown date of such Subordinated Advance or such VAT Loan Advance, two-week EURIBOR;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Interest Period End Date does not fall within paragraphs&#160;(i) and&#160;(ii) above but does fall on or before:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the twenty-first day; or </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such twenty-first day is not a Business Day:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(x) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Business Day immediately following such twenty-first day; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the day in&#160;(x) above would otherwise be in the next calendar month, the Business Day immediately preceding such twenty-first day, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case, following, as applicable, the Senior Advance Drawdown Date of such Senior Advance or the drawdown date of such Subordinated Advance or VAT Loan Advance, three-week EURIBOR;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Interest Period End Date does not fall within paragraphs&#160;(i), (ii) and&#160;(iii) above but does fall on or before:</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0the corresponding calendar day of the month immediately following, as applicable, the Senior Advance Drawdown Date of such Senior Advance or the drawdown date of such Subordinated Advance or VAT Loan Advance; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such calendar day is not a Business Day:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(x) &#160;&#160;&#160;&#160;the Business Day immediately following such calendar day; or</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the day in&#160;(x) above would otherwise be in the next calendar month, the Business Day immediately preceding such calendar day, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">one-month EURIBOR; and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Interest Period End Date does not fall within paragraphs&#160;(i), (ii), (iii) and&#160;(iv) above but does fall after:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the corresponding calendar day of the month immediately following, as applicable, the Senior Advance Drawdown Date of such Senior Advance or the drawdown date of such Subordinated Advance or VAT Loan Advance; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such calendar day is not a Business Day:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(x) &#160;&#160;&#160;&#160;the Business Day immediately following such calendar day; or </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:89px;"><font style="font-family:Arial;font-size:10pt;">(y) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the day in&#160;(x) would otherwise be in the next calendar month, the Business Day immediately preceding such calendar day, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">two-month EURIBOR,</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that, for the purposes of this definition, "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Interest Period End Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Senior Advance Interest Period or the interest period relating to a Subordinated Advance or a VAT Loan Advance, the last day of such relevant interest period.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Appointee</font><font style="font-family:Arial;font-size:10pt;">" means any attorney, manager, agent, delegate, nominee, custodian or other person appointed pursuant to the provisions of the relevant Transaction Document.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Arranger</font><font style="font-family:Arial;font-size:10pt;">" means Cr&#233;dit Agricole Corporate and Investment Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Asset Enhancement Amount</font><font style="font-family:Arial;font-size:10pt;">" means the higher of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an amount equal to the sum of the product, with respect to each Credit Enhancement Asset of each Country, of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Asset Enhancement Value of such Credit Enhancement Asset on the relevant Calculation Date or the relevant Intra-Month Cut-Off Date (as the case may be); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the rate provided in the Credit Enhancement Matrix applicable to such Credit Enhancement Asset; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#32;per cent. of the Combined Eligible Country Asset Value.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Asset Enhancement Value</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each Credit Enhancement Asset:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Credit Enhancement Asset is a Vehicle, the Net Book Value of such Vehicle on the relevant Calculation Date or the relevant Intra-Month Cut-Off Date (as applicable); and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Credit Enhancement Asset is Credit Enhancement Investment Grade Receivables, Credit Enhancement Non-Investment Grade Receivables or VAT Receivables net of the VAT Payables Amount, the Eligible Receivables Amount of such Credit Enhancement Asset on the relevant Calculation Date or the relevant Intra-Month Cut-Off Date.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Assets in Progress Amount</font><font style="font-family:Arial;font-size:10pt;">" means the aggregate amount of the Capitalised Costs of all Vehicles which have been purchased by and delivered to the relevant FleetCo and for which no registration has been effected.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">At Risk Asset</font><font style="font-family:Arial;font-size:10pt;">" means (i)&#160;each Non-Programme Vehicle and (ii)&#160;each Non-Eligible Programme Vehicle. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Auditors</font><font style="font-family:Arial;font-size:10pt;">" means an internationally recognised reputable firm of independent auditors and accountants which are licensed and qualified to practise in the jurisdiction of incorporation and/or the permanent establishment of the relevant FleetCo or the Issuer and which are appointed by the relevant FleetCo or the Issuer (as applicable) as its auditors.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Authorisation</font><font style="font-family:Arial;font-size:10pt;">" means an authorisation, consent, approval, resolution, licence, exemption, filing, notarisation or registration from or with any Governmental Authority or regulatory authority having jurisdiction.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Authorised Signatory</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any party, any person who is duly authorised and in respect of whom a certificate has been provided signed by a director or another duly authorised person of such party setting out the name and signature of such person and confirming such person's authority to act.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Available Commitment</font><font style="font-family:Arial;font-size:10pt;">" means the Total Senior Noteholder Commitments under the Issuer Note Issuance Facility Agreement less the sum of all outstanding Senior Advances. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Available LC Commitment Amount</font><font style="font-family:Arial;font-size:10pt;">" means the aggregate of the available commitment amount under each Issuer Letter of Credit.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis</font><font style="font-family:Arial;font-size:10pt;">" or "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Group</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget Group, Inc. and its subsidiaries.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget EMEA Limited.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe Change of Control</font><font style="font-family:Arial;font-size:10pt;">" means Avis ceasing to (x)&#160;own directly or indirectly at least 100 per cent. of the share capital of Avis Europe, (y)&#160;have the right or ability to cast at least 100 per cent. of the votes capable of being cast in shareholders' general meetings of Avis Europe or (z)&#160;have the right or ability to appoint or remove all directors (or equivalent officers) of the board of directors (or equivalent body) of Avis Europe or to give directions with respect to the operating and financial policies of Avis Europe with which the directors or other equivalent officers of Avis Europe are obliged to comply.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">" means the compliance certificate substantially in the form set out in part&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Avis Europe Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;7 to the Framework Agreement signed by Avis Europe and delivered by Avis Europe.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means any of the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an Opco Change of Control, provided that, if (1)&#160;any cessation described in the Opco Change of Control is in relation to the share capital of, the shareholders' general meetings of or the board of directors of (as applicable) Spanish </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">Opco, any Italian Opco or French Opco and (2)&#160;the Spain Repayment Option, the Italy Repayment Option or the France Repayment Option is exercised within 30&#160;days of such cessation, there shall not be any Avis Europe Event of Default;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(w)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an Avis Europe Change of Control, provided that, for the avoidance of doubt, if all outstanding Senior Advances as of the date of such occurrence (and all accrued but unpaid interest thereon) and all other amounts due to the Senior Noteholders and the other Issuer Secured Creditors (save for the Subordinated Lender) are repaid in full by the Issuer on or before such date, there shall not be an "Avis Europe Event of Default" under this paragraph&#160;(b);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of a Parent Change of Control; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(y)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence and continuation of an "event of default" under the Credit Agreement or Replacement Credit Agreement, that is not waived pursuant to the terms of such Credit Agreement or Replacement Credit Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(z)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Event of Default under paragraph&#160;(d) of the definition of "Event of Default" occurs where the Relevant Person is Avis Europe, its successor or replacement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(aa)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">failure by Avis Europe or its successor or replacement to comply with any of its payment obligations under the Avis Europe Payment Guarantee. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe Group</font><font style="font-family:Arial;font-size:10pt;">" means Avis Europe and each Subsidiary of Avis Europe from time to time and any joint venture company which is a member of Avis Europe's consolidated group for accounting purposes.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe Payment Guarantee</font><font style="font-family:Arial;font-size:10pt;">" means the guarantee and indemnity from Avis Europe in respect of the payment obligations of the Issuer under the Transaction Documents to which the Issuer Security Trustee is a party (save for the Issuer Subordinated Facility Agreement).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian Mandate Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement pursuant to which Italian FleetCo grants a mandate to Avis Italian Opco in respect of Italian FleetCo's Vehicle Fleet (other than the Maggiore Vehicles) in Italy.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian Master Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the master lease agreement between, amongst others, Italian FleetCo and Avis Italian Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget Italia S.p.A.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">" means Avis Italian Opco providing transaction management services (including cash management services) to Italian FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian VAT Lender</font><font style="font-family:Arial;font-size:10pt;">" means Avis Finance Company Limited in its capacity as the Lender under the Maggiore Italian VAT Loan Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian VAT Loan Borrower</font><font style="font-family:Arial;font-size:10pt;">" means Italian FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Loan Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the Italian VAT Loan Agreement dated 5&#160;March&#160;2013 and entered into between Italian FleetCo and the Avis Italian VAT Lender with respect to Avis Italian Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Obligor</font><font style="font-family:Arial;font-size:10pt;">" means each Opco, each Servicer, each Lessee, the Parent, Finco and Avis Europe.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">8</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Base Rent</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Vehicle which is leased to a Lessee under a Master Lease Agreement on any day during the Related Month or, as the case may be, Related Months where such Related Months occur prior to a Lease Payment Date following the Lease Determination Date in respect of any Lease Payment Date, the sum of the Depreciation Charges that have accrued with respect to each such Vehicle during the Related Month or, as the case may be, Related Months, as adjusted in accordance with the terms of such Master Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Borrower Vehicle Fleet NBV</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Calculation Date or (if applicable) an Intra-Month Cut-Off Date:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of the Vehicle Fleet of a FleetCo in each Country (save that, for the purposes of this definition, in calculating such Net Book Value, the Depreciation Percentage in respect of At Risk Assets shall not be less than </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;per cent.) as determined on such Calculation Date or such Intra-Month Cut-Off Date, as the case may be; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">plus the Assets in Progress Amount for such FleetCo.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Breach of Duty</font><font style="font-family:Arial;font-size:10pt;">" means in relation to any person, a wilful default (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">dol</font><font style="font-family:Arial;font-size:10pt;">), fraud (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">fraude</font><font style="font-family:Arial;font-size:10pt;">), illegal dealing, negligence or material breach of any agreement or breach of trust by such person.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Break Costs</font><font style="font-family:Arial;font-size:10pt;">" means the amount (if any) by which:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the interest which a Senior Noteholder should have received for the period from the date of receipt of all or any part of its participation in a Senior Advance or Unpaid Sum to the last day of the current Senior Advance Interest Period in respect of that Senior Advance or Unpaid Sum, had the principal amount or Unpaid Sum received been paid on the last day of that Senior Advance Interest Period;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">exceeds:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amount which that Senior Noteholder would be able to obtain by placing an amount equal to the principal amount or Unpaid Sum received by it on deposit with a leading bank in the Relevant Interbank Market for a period starting on the Business Day following receipt or recovery and ending on the last day of the current Senior Advance Interest Period.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Business Day</font><font style="font-family:Arial;font-size:10pt;">" means a day which is a TARGET Day and a day (other than a Saturday or Sunday) on which banks are open for general business in (i)&#160;London, (ii)&#160;Paris, (iii)&#160;New York, (iv)&#160;Munich, (v)&#160;Dublin and, in relation to any date for payment or purchase of Euro or calculation of an amount payable in Euro by:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Spanish Opco or Dutch FleetCo in connection with the Vehicle Fleet in Spain, Madrid;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">German Opco or Dutch FleetCo in connection with the Vehicle Fleet in Germany, Frankfurt;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dutch Opco or Dutch FleetCo in connection with the Vehicle Fleet in The Netherlands, Amsterdam; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Italian Opco or Italian FleetCo, Milan; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">French Opco or French FleetCo, Paris.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Business Day Convention</font><font style="font-family:Arial;font-size:10pt;">" means that if any due date specified in a Transaction Document for performing a certain task is not a Business Day, such task shall be performed on the next immediately following Business Day, unless such Business Day falls in the next calendar month, in which case such task shall be performed on the immediately preceding Business Day.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Buy-Back Minimum Principles</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in Spain, Italy and France, all the provisions that are specified as imperative provisions in the Negotiation Guidelines and the following non-imperative provisions (as specified in the Negotiation Guidelines), being: (a)&#160;paragraph&#160;6 (Repurchase Obligations unconditional) and (b)&#160;paragraph&#160;7 (Termination);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in Germany, all the provisions that are specified in part&#160;A and part&#160;B of schedule&#160;3 to the Master German Fleet Purchase Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in The Netherlands, all the provisions that are specified in schedule&#160;2 to the Master Dutch Fleet Purchase Agreement.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CACEIS Corporate Trust</font><font style="font-family:Arial;font-size:10pt;">" means Caceis Corporate Trust, a </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">soci&#233;t&#233; anonyme</font><font style="font-family:Arial;font-size:10pt;">&#32;incorporated under the laws of France, whose head office is at 1/3 Place Valhubert 75013 Paris and whose main establishment is at 14 rue Rouget de Lisle 92130 Issy-les-Moulineaux, registered with the Trade and Companies Register of Paris (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Registre du Commerce et des Soci&#233;t&#233;s de Paris</font><font style="font-family:Arial;font-size:10pt;">) under number&#160;439 430 976, and licensed in France as a financial services provider (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">prestataire de services d'investissement</font><font style="font-family:Arial;font-size:10pt;">) by the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Autorit&#233; de Contr&#244;le Prudentiel et de R&#233;solution</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CACIB</font><font style="font-family:Arial;font-size:10pt;">" means Cr&#233;dit Agricole Corporate and Investment Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Calculation Date</font><font style="font-family:Arial;font-size:10pt;">" means the last day of each calendar month.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Calculation Period</font><font style="font-family:Arial;font-size:10pt;">" means the period beginning on the first day of each calendar month and ending on: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the last day of such calendar month; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of a Senior Advance Drawdown Date or an Original FleetCo Advance Drawdown Date that does not fall on a Settlement Date) the Intra-Month Cut-Off Date.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Capitalised Cost</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to each Vehicle that is purchased by a FleetCo (or in respect of Germany, by German Opco and sold to Dutch FleetCo pursuant to the Master German Fleet Purchase Agreement and, in respect of The Netherlands, by Dutch Opco and sold to Dutch FleetCo pursuant to the Master Dutch Fleet Purchase Agreement) and that is accounted for by:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in Italy, Italian FleetCo; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in Germany, German Opco;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in Spain, Spanish Opco;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in The Netherlands, Dutch Opco; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles in France, French FleetCo,</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the price paid or to be paid (in each case, excluding any part thereof which represents VAT) for such Vehicle to the Vehicle Dealer, Vehicle Manufacturer or other person selling such Vehicle, (after deduction of any discounts) but excluding any Charge Costs (except that delivery and other registration charges shall be included to the extent that any have been capitalised).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Casualty</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Vehicle, that (a)&#160;such Vehicle is destroyed or otherwise rendered permanently unfit or unavailable for use or (b)&#160;such Vehicle is lost, stolen or seized and is not recovered within 2&#160;months thereafter.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Casualty Payment</font><font style="font-family:Arial;font-size:10pt;">" means the Termination Value of a Vehicle which suffers a Casualty or becomes a Non-Eligible Vehicle, in each case, as of the date such Vehicle became a Casualty or a Non-Eligible Vehicle.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Central Servicer</font><font style="font-family:Arial;font-size:10pt;">" means Avis Finance Company Limited.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Central Servicer Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an Event of Default in respect of the Central Servicer. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Central Servicing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement between, among others, the Central Servicer, each Opco, each Italian Servicer, the French Servicer, the Spanish Servicer and each FleetCo pursuant to which the Central Servicer provides, among other things, transaction management services, reporting services and cash management services to the relevant transaction party.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Centre of Main Interests</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in Article&#160;3(1) of Council Regulation (EC) No. 1346/2000 of 29 May 2000 on Insolvency Proceedings.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Chairman Letter of Undertakings</font><font style="font-family:Arial;font-size:10pt;">" means the letter of undertakings in relation to French FleetCo executed by SFM France S.A.S. acting as chairman (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">pr&#233;sident</font><font style="font-family:Arial;font-size:10pt;">) of French FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Charge Costs</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to each Vehicle purchased by a FleetCo or, in respect of Germany, by German Opco and sold to Dutch FleetCo pursuant to the Master German Fleet Purchase Agreement or, in respect of The Netherlands, by Dutch Opco and sold to Dutch FleetCo pursuant to the Master Dutch Fleet Purchase Agreement, all amounts invoiced in relation to the purchase of such Vehicle (excluding VAT), but including, in particular, delivery charges, taxes, titling fees, costs of registration, preparation, first petrol and accessories (to the extent they are not accounted for as Capitalised Costs). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Charge Costs Component</font><font style="font-family:Arial;font-size:10pt;">" shall have the meaning assigned to it in clause&#160;4.3 of the Master German Fleet Purchase Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Close-Out Netting</font><font style="font-family:Arial;font-size:10pt;">" means: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of an Issuer Hedging Agreement based on a 1992 ISDA Master Agreement, any step involved in determining the amount payable in respect of an Early Termination Date (as defined in the 1992 ISDA Master Agreement) under section&#160;6(e) of the 1992 ISDA Master Agreement before the application of any subsequent Set-off (as defined in the 1992 ISDA Master Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of an Issuer Hedging Agreement based on a 2002 ISDA Master Agreement, any step involved in determining an Early Termination Amount (as defined in the 2002 ISDA Master Agreement) under section&#160;6(e) of the 2002 ISDA Master Agreement; and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of an Issuer Hedging Agreement not based on an ISDA Master Agreement, any step involved on a termination of the hedging transactions under that Issuer Hedging Agreement pursuant to any provision of that Issuer Hedging Agreement which has a similar effect to either provision referenced in paragraph&#160;(a) and paragraph&#160;(b) above.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Code</font><font style="font-family:Arial;font-size:10pt;">" means the US Internal Revenue Code of 1986.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Combined Eligible Country Asset Value</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Country Asset Value of Dutch FleetCo, Spanish Branch in Spain;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Country Asset Value of Dutch FleetCo in Germany;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Country Asset Value of Dutch FleetCo in The Netherlands;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Country Asset Value of Italian FleetCo; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Country Asset Value of French FleetCo,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">less</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of, without double counting:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Extraordinary Depreciation Amount;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Disposition Adjustment;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Excess Concentration Amount; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(x) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of all Non-Eligible Vehicles of Dutch FleetCo in Spain, Germany and The Netherlands, Italian FleetCo in Italy and French FleetCo in France; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y) </font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amount of the Non-Eligible Receivables of Dutch FleetCo in Spain, Germany and The Netherlands, Italian FleetCo in Italy and French FleetCo in France,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that, following the occurrence of a Dutch Opco Event of Default and in the absence of a Dutch FleetCo Event of Default: (1)&#160;the Country Asset Value of Dutch FleetCo in The Netherlands shall be deemed to be zero; and (2)&#160;Dutch FleetCo in The Netherlands and Dutch FleetCo's Vehicle Fleet in the Netherlands shall not be taken into account when determining the aggregate of the amounts in items&#160;(ii)(a) to&#160;(ii)(d) above.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Commercial Terms</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to the negotiation and renewal of a Vehicle Dealer Buy-Back Agreement, a Vehicle Manufacturer Buy-Back Agreement, a Vehicle Dealer Purchase Agreement and/or a Vehicle Manufacturer Purchase Agreement:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the purchase price for Vehicles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the volume of Vehicles to be purchased;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Vehicle types, model and mix and options;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Vehicle drop points and return locations within the Relevant Jurisdictions;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">12</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Credit Terms Given; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any related commercial terms, provided that the application of such commercial terms do not breach the Negotiation Guidelines.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Common Terms</font><font style="font-family:Arial;font-size:10pt;">" means clauses&#160;12 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Confidentiality</font><font style="font-family:Arial;font-size:10pt;">), 12A&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Collateral Trustee</font><font style="font-family:Arial;font-size:10pt;">), 19&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Notices</font><font style="font-family:Arial;font-size:10pt;">), 21&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Calculations and Certificates</font><font style="font-family:Arial;font-size:10pt;">), 22&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Partial Invalidity</font><font style="font-family:Arial;font-size:10pt;">), 23&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Remedies and Waivers</font><font style="font-family:Arial;font-size:10pt;">), 25&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Counterparts</font><font style="font-family:Arial;font-size:10pt;">) and 27&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Non-Petition and Limited Recourse</font><font style="font-family:Arial;font-size:10pt;">) (but, (i)&#160;in the case of Transaction Documents which are not expressed to be governed by English law, excluding clause&#160;27.2.2(i)(b) (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insufficient Recoveries</font><font style="font-family:Arial;font-size:10pt;">); (ii)&#160;in the case of Transaction Documents which are expressed to be governed by French law, excluding clause&#160;25 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Counterparts</font><font style="font-family:Arial;font-size:10pt;">); and (iii)&#160;in the case of Transaction Documents to which Senior Noteholders are not party, excluding clause&#160;12A&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Collateral Trustee</font><font style="font-family:Arial;font-size:10pt;">)) of the Framework Agreement and, in the case of Transaction Documents which are expressed to be governed by German law, clause&#160;27&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Non-Petition and Limited Recourse</font><font style="font-family:Arial;font-size:10pt;">) shall be construed such as to not exclude, as a matter of substance, any claims resulting from gross negligence (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">gro&#223;e Fahrl&#228;ssigkeit</font><font style="font-family:Arial;font-size:10pt;">) or willful misconduct (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">vors&#228;tzliches Fehlverhalten</font><font style="font-family:Arial;font-size:10pt;">). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Computer Readable Form</font><font style="font-family:Arial;font-size:10pt;">" means a form in which information or data may be stored and/or accessed by a computer, including, but not limited to, tangible storage media such as floppy disks or CD-ROMs, or information or data which is made available by direct computer access, or any other appropriate electronic information storage form, format or medium as determined by the relevant Servicer or the Issuer Cash Manager, the FleetCo Back-up Cash Manager, as the case may be. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Concentration Limit</font><font style="font-family:Arial;font-size:10pt;">" means the following limit: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the percentage of the Eligible Vehicles in all Countries which are At Risk Assets not exceeding </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;per cent.,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the percentage of Eligible Vehicles in all Countries which are purchased from  </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;not exceeding: </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(a)&#160;&#160;&#160;&#160;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Vehicle Manufacturer Group Rating Entity of  </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;has a Relevant DBRS Rating of "A(L)" or above by DBRS; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Vehicle Manufacturer Group Rating Entity of </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;does not have a Relevant DBRS Rating, a DBRS Equivalent Rating of "A(L)" or above, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:136px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160; per cent.; or </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(b)&#160;&#160;&#160;&#160;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Vehicle Manufacturer Group Rating Entity of </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160; has a Relevant DBRS Rating of below "A(L)" by DBRS; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the Vehicle Manufacturer Group Rating Entity of </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160; does not have a Relevant DBRS Rating, a DBRS Equivalent Rating of below "A(L)", </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">13</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;per cent.; </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided further that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:89px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;padding-left:1.3333333333333333px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-1.3333333333333333px;"><font style="font-family:Arial;font-size:10pt;">the percentage of Eligible Vehicles in all Countries that are sub-leased to Affiliates of the Avis Europe Group, licencees or sub-licensees not exceeding </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;per cent. (such Vehicles, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Vehicles</font><font style="font-family:Arial;font-size:10pt;">"); and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:89px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;padding-left:1.3333333333333333px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-1.3333333333333333px;"><font style="font-family:Arial;font-size:10pt;">the percentage of Eligible Vehicles in all Countries that are Relevant Vehicles and sub-leased to Affiliates of the Avis Europe Group located in a jurisdiction other than the Relevant Jurisdiction of the Lessee not exceeding  </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;per cent., provided further that such other jurisdiction is France, Germany, Italy, Spain, Austria, Belgium, The Netherlands or Luxembourg; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:89px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;padding-left:1.3333333333333333px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-1.3333333333333333px;"><font style="font-family:Arial;font-size:10pt;">the percentage of Eligible Vehicles in all Countries that are Service Vehicles not exceeding </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;per cent.; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:89px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;padding-left:1.3333333333333333px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-1.3333333333333333px;"><font style="font-family:Arial;font-size:10pt;">the percentage of Eligible Vehicles in all Countries that are Light Duty Trucks not exceeding </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;per cent.,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">and, for the purposes of this definition, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">percentage of Eligible Vehicles </font><font style="font-family:Arial;font-size:10pt;">in all Countries" shall be the percentage of the aggregate Borrower Vehicle Fleet NBV of Eligible Vehicles in the Vehicle Fleet in all Countries and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Light Duty Trucks</font><font style="font-family:Arial;font-size:10pt;">" shall, for the avoidance of doubt, exclude Vans.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Conduit</font><font style="font-family:Arial;font-size:10pt;">" means a special purpose entity whose activities are wholly or principally the issuance of commercial paper or other debt securities (of any type) and the purchase of debt securities or other assets and Gresham Receivables (No. 34) UK Limited.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Conduit Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" means each Senior Noteholder which is a Conduit.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Confidential Information</font><font style="font-family:Arial;font-size:10pt;">" means all information relating to any Avis Obligor or any of the Issuer Transaction Documents and FleetCo Transaction Documents of which an Issuer Secured Creditor or a FleetCo Secured Creditor becomes aware in its capacity as, or for the purpose of becoming, an Issuer Secured Creditor or a FleetCo Secured Creditor (as applicable) or which is received by an Issuer Secured Creditor or a FleetCo Secured Creditor (as applicable) in relation to, or for the purpose of becoming an Issuer Secured Creditor or a FleetCo Secured Creditor (as applicable) under, the Transaction Documents to which it is a party from either:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Avis Obligor or any of its advisers; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">another Issuer Secured Creditor or FleetCo Secured Creditor, if the information was obtained by that Secured Creditor or indirectly from any Avis Obligor,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in whatever form, and includes information given orally and any document, electronic file or any other way of representing or recording information which contains or is derived or copied from such information but excludes information that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">is or becomes public information other than as a direct or indirect result of any breach by that Issuer Secured Creditor or FleetCo Secured Creditor of clause&#160;12&#160;(Confidentiality) of the Framework Agreement; </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">is identified in writing at the time of delivery as non-confidential by any Avis Obligor or any of its advisers; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">is known by that Issuer Secured Creditor or FleetCo Secured Creditor before the date the information is disclosed to it in accordance with paragraph&#160;(a) or&#160;(b) above or is lawfully obtained by that Issuer Secured Creditor or FleetCo Secured Creditor (as the case may be) after that date, from a source which is, as far as that Issuer Secured Creditor or FleetCo Secured Creditor (as the case may be) is aware, unconnected with the Avis Obligors and which, in either case, as far as that Issuer Secured Creditor or FleetCo Secured Creditor (as the case may be) is aware, has not been obtained in breach of, and is not otherwise subject to, any obligation of confidentiality.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Confidentiality Undertaking</font><font style="font-family:Arial;font-size:10pt;">" means a confidentiality undertaking substantially in a recommended form of the LMA or in any other form agreed between Finco and the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Contractual</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Currency</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any payment obligation arising under any transaction, Euro and, in relation to clause&#160;19&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Remuneration and Indemnification of the Issuer Security Trustee</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Deed of Charge, Euros or such other currency as may be agreed between the Issuer and the Issuer Security Trustee from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Corporate Services Providers</font><font style="font-family:Arial;font-size:10pt;">" means the corporate services entities that provide corporate administration services to any of the Issuer, FleetCo Holdings, Dutch FleetCo and French FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Corresponding DBRS Rating</font><font style="font-family:Arial;font-size:10pt;">" means, for each Equivalent Rating Agency Rating for any Person, the DBRS rating designation corresponding to the row in which such Equivalent Rating Agency Rating appears in the table set forth below:</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">15</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:120%;padding-left:6px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:24%;"></td><td style="width:26%;"></td><td style="width:26%;"></td><td style="width:24%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Moody's</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">S&amp;P</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fitch</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DBRS</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Aaa</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AAA</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AAA</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AAA</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Aa1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA(H)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Aa2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Aa3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AA(L)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A(H)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A(L)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Baa1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB(H)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Baa2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Baa3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BBB(L)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ba1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB(H)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ba2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ba3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">BB(L)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B-High</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">B(L)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Caa1</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CCC+</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CCC</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CCC(H)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Caa2</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CCC</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CC</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CCC</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Caa3</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CCC-</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">C</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CCC(L)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ca</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CC</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CC(H)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">C</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CC</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">CC(L)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">C(H)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">C</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:4px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">C(L)</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Countries</font><font style="font-family:Arial;font-size:10pt;">" means Spain, Germany, Italy, The Netherlands and France.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Country</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Spain (in respect of Dutch FleetCo's Vehicle Fleet purchased in Spain);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Germany (in respect of Dutch FleetCo's Vehicle Fleet purchased from German Opco);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Netherlands (in respect of Dutch FleetCo's Vehicle Fleet purchased from Dutch Opco);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Italy (in respect of Italian FleetCo); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">France (in respect of French FleetCo).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Country Asset Value</font><font style="font-family:Arial;font-size:10pt;">" means, as at any Calculation Date or (if applicable) the relevant Intra-Month Cut-Off Date, in relation to any Country, the aggregate of the following items (without double counting):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Borrower Vehicle Fleet NBV of the Vehicle Fleet delivered to the relevant FleetCo in such Country;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">16</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amount of the Vehicle Manufacturer Receivables and Vehicle Dealer Receivables payable to the relevant FleetCo in such Country;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FleetCo Excess Cash Amount in such Country; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Spain and France, the VAT Receivables payable to Dutch FleetCo, Spanish Branch and French FleetCo, respectively,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">minus</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#32;the Fleet Payables Amount of the relevant FleetCo in such Country;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amount of the Invoices to be Received in such Country; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Spain and France, the VAT Payables Amount of Dutch FleetCo, Spanish Branch and French FleetCo, respectively.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Country Asset Value Test</font><font style="font-family:Arial;font-size:10pt;">" shall be satisfied if the aggregate of the outstanding FleetCo Advances made to a FleetCo in a Country is less than or equal to the Country Asset Value of such FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Country Repayment Option</font><font style="font-family:Arial;font-size:10pt;">" means the mechanism under which a member of the Avis Europe Group may provide funding to Dutch FleetCo, Spanish Branch to prepay in full its obligations under the FleetCo Spanish Facility Agreement or purchase the Issuer's rights under the FleetCo Italian Facility Agreement or the VFN Funding Agreement, as applicable, being the Spain Repayment Option, the Italy Repayment Option and the France Repayment Option, respectively, and as more particularly set out in clause&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Country Repayment Option</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the second amended and restated credit agreement dated 2&#160;August 2013, among Avis Budget Holdings, LLC, as borrower, the Parent, as borrower, the subsidiary borrowers referred to therein, the several lenders referred to therein, JPMorgan Chase Bank N.A., as administrative agent, Deutsche Bank Securities Inc., as syndication agent, each of Citicorp USA, Inc., Bank of America, N.A., Barclays Bank PLC, Credit Agricole Corporate &amp; Investment Bank and The Royal Bank of Scotland plc as co-documentation agents as may be amended, restated, modified, supplemented or waived from time to time in accordance with its terms.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Enhancement Asset</font><font style="font-family:Arial;font-size:10pt;">" means the Investment Grade Programme Vehicles, Investment Grade Non-Programme Vehicles, Non-Investment Grade Programme Vehicles, Non-Investment Grade Non-Programme Vehicles, the Credit Enhancement Investment Grade Receivables, the Credit Enhancement Non-Investment Grade Receivables and (in respect of Spain and France) the VAT Receivables net of the VAT Payables Amount. </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">17</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Enhancement Matrix</font><font style="font-family:Arial;font-size:10pt;">" means the following matrix: </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font></div><div style="line-height:145%;padding-bottom:9px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Enhancement Investment Grade Receivables</font><font style="font-family:Arial;font-size:10pt;">" means Investment Grade Vehicle Manufacturer Receivables net of payables for each Vehicle Manufacturer to the extent set-off is permitted under the relevant Vehicle Manufacturer Agreements and/or Vehicle Manufacturer Guarantees.</font></div><div style="line-height:145%;padding-bottom:9px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Enhancement</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Receivables</font><font style="font-family:Arial;font-size:10pt;">" means Non-Investment Grade Vehicle Manufacturer Receivables (for which a FleetCo holds enforceable title) net of payables for each Vehicle Manufacturer to the extent set-off is permitted under the relevant Vehicle Manufacturer Agreements and/or Vehicle Manufacturer Guarantees.</font></div><div style="line-height:145%;padding-bottom:9px;padding-top:16px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Enhancement Required Amount</font><font style="font-family:Arial;font-size:10pt;">" means, without limitation, the sum of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Asset Enhancement Amount; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Reserve Required Amount.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Credit Terms Given</font><font style="font-family:Arial;font-size:10pt;">" means the terms agreed by the Vehicle Manufacturers and Dealers with the FleetCos under the Vehicle Dealer Buy-Back Agreements, Vehicle Manufacturer Buy-Back Agreements, Vehicle Dealer Purchase Agreements and/or the Vehicle Manufacturer Purchase Agreements.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CRR</font><font style="font-family:Arial;font-size:10pt;">" means Regulation&#160;(EU)&#160;No&#160;575/2013 of the European Parliament and of the Council, as amended from time to time and including any guidance or any technical standards published in relation thereto".</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Currency Hedge Agreement" </font><font style="font-family:Arial;font-size:10pt;">means a currency swap or exchange agreement, currency exchange option or any other similar agreement, however denominated, entered into on behalf of a Conduit Senior Noteholder for hedging purposes, as any of the foregoing may be amended, restated, supplemented or otherwise modified, from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Currency Hedging Breakage Costs</font><font style="font-family:Arial;font-size:10pt;">" means, solely with respect to the applicable Conduit Senior Noteholder, for any Settlement Date, an amount (which may be negative) equal to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate amount of any amounts paid or payable by or on behalf of the applicable Conduit Senior Noteholder to a counterparty to a Currency Hedge Agreement in connection with the close out of any Currency Hedge Agreement on any date other than its settlement date, which settlement date shall be a Settlement Date, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">less</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#32;the aggregate amount of any amounts paid or payable to or for the account of the applicable Conduit Senior Noteholder by a counterparty to a Currency Hedge Agreement in connection with the close out of any Currency Hedge Agreement on any date other than its settlement date, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if on any Settlement Date, the applicable Conduit Senior Noteholder's Currency Hedging Breakage Costs are a negative number, then, on such Settlement Date, the aggregate amount that would otherwise have been payable by the Issuer to the </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">18</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">applicable Conduit Senior Noteholder on such Settlement Date pursuant to the applicable priority of payment, shall be reduced until either the aggregate amount owed to the applicable Conduit Senior Noteholder or the Currency Hedging Breakage Costs have been reduced to zero, and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">when there are remaining Currency Hedging Breakage Costs following such reduction in (a)&#160;above of the aggregate amounts otherwise owed to the applicable Conduit Senior Noteholder, an amount equal to such remaining Currency Hedging Breakage Costs (expressed as a positive number) shall be paid by or on behalf of the applicable Conduit Senior Noteholder to the Issuer on such Settlement Date;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DBRS</font><font style="font-family:Arial;font-size:10pt;">" means DBRS Ratings Limited and includes any successors thereto.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DBRS Equivalent Rating</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any date and any Person with respect to whom DBRS does not maintain a public Relevant DBRS Rating as of such date:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Person has an Equivalent Rating Agency Rating from three of the Equivalent Rating Agencies as of such date, then the median of the Corresponding DBRS Ratings for such Person as of such date; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Person has Equivalent Rating Agency Ratings from only two of the Equivalent Rating Agencies as of such date, then the lower Corresponding DBRS Rating for such Person as of such date; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Person has an Equivalent Rating Agency Rating from only one of the Equivalent Rating Agencies as of such date, then the Corresponding DBRS Rating for such Person as of such date.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Deemed FleetCo Advance Drawdown Date</font><font style="font-family:Arial;font-size:10pt;">" means the first Business Day after the relevant Original FleetCo Advance Drawdown Date specified in the relevant FleetCo Advance Drawdown Notice, if the relevant Original FleetCo Advance Drawdown Date is not a Business Day (in respect of Dutch FleetCo) in Spain or Germany or The Netherlands or (in respect of Italian FleetCo) in Italy or (in respect of French FleetCo) in France.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Default</font><font style="font-family:Arial;font-size:10pt;">" means a Potential Event of Default or an Event of Default.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Default Interest</font><font style="font-family:Arial;font-size:10pt;">" means </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160; per cent. per annum over the Interest Rate.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Delegate</font><font style="font-family:Arial;font-size:10pt;">" means any delegate, agent, attorney or co-trustee appointed by the Issuer Security Trustee or the FleetCo Security Agent (as the case may be).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Depreciation Charge</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to each Vehicle, the product of (a)&#160;the Depreciation Percentage applicable to the month ending on the Calculation Date at issue and (b)&#160;the applicable Capitalised Costs.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Depreciation Percentage</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to each Vehicle:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which is a Programme Vehicle, the monthly depreciation percentage set forth in the applicable Vehicle Manufacturer Buy-Back Agreement or Vehicle Dealer Buy-Back Agreement (if any) in respect of such Vehicle or, in the absence of such a depreciation percentage in such Vehicle Manufacturer Buy-Back Agreement or Vehicle Dealer Buy-Back Agreement, a monthly depreciation percentage calculated in accordance with GAAP consistently applied, taking into account the estimated holding period and the Vehicle Manufacturer Repurchase Price of such Vehicle; and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">19</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which is a Non-Programme Vehicle, a monthly depreciation percentage calculated in accordance with GAAP consistently applied,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that, with respect to the foregoing determinations, such determinations shall be made no less frequently than on each Calculation Date falling in March, June, September and December of each year and on each additional date as may be required by GAAP.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Disposal Proceeds</font><font style="font-family:Arial;font-size:10pt;">" means the proceeds of sale of any Non-Programme Vehicle (net of any costs (if any) incurred) in relation to the relevant sale or any Programme Vehicle where such sale is other than under the terms of a Vehicle Dealer Buy-Back Agreement or a Vehicle Manufacturer Buy-Back Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Disposition Adjustment</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any calendar month, the aggregate of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the product of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Disposition Adjustment Percentage in Spain; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of At Risk Assets of Dutch FleetCo in Spain;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the product of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Disposition Adjustment Percentage in Germany; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of At Risk Assets of Dutch FleetCo in Germany;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the product of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Disposition Adjustment Percentage in The Netherlands; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of At Risk Assets of Dutch FleetCo in The Netherlands;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the product of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Disposition Adjustment Percentage in Italy; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of At Risk Assets of Italian FleetCo in Italy; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the product of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Disposition Adjustment Percentage in France; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of At Risk Assets of French FleetCo in France.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Disposition Adjustment Percentage</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, Italian FleetCo in Italy or French FleetCo in France (as applicable), the highest, for any calendar month within the preceding 12&#160;calendar months, of a percentage equal to 100&#160;per cent. minus the Measurement Month Average relating to Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, Italian FleetCo in Italy or French FleetCo in France (as applicable) for the immediately preceding Measurement Month relating to Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, Italian FleetCo in Italy or French FleetCo in France (as applicable) as of the Calculation Date within such calendar month. For the avoidance of doubt, in relation to Dutch FleetCo in The Netherlands or French FleetCo in France (as applicable), the Disposition Adjustment Percentage shall be calculated with respect to the first Measurement Month following the Dutch Accession Date or the Initial French Funding Date (as applicable). </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">20</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dispute</font><font style="font-family:Arial;font-size:10pt;">" means a dispute arising out of or in connection with the relevant Transaction Document (including a dispute regarding the existence, validity or termination of such Transaction Document, any non-contractual obligations arising out of or in connection with such Transaction Document or the consequences of its nullity).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Accession Date</font><font style="font-family:Arial;font-size:10pt;">" means 21&#160;May 2014.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement dated on or about 21&#160;May&#160;2014 pursuant to which Dutch FleetCo appoints the Dutch FleetCo Dutch Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;4.1 of the Dutch Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Bank Account</font><font style="font-family:Arial;font-size:10pt;">" means the bank account maintained by Dutch FleetCo with ABN AMRO Bank N.V. in The Netherlands with account number&#160;440355842.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Bank Account Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments set out in clause&#160;4.3.46 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch Bank Account</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">" means Fincar Fleet B.V., a private company with limited liability (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">besloten vennootschap met beperkte aansprakelijkheid</font><font style="font-family:Arial;font-size:10pt;">) incorporated under the laws of The Netherlands, having its registered office at Rapenburgerstraat&#160;175B, 1011&#160;VM Amsterdam, The Netherlands and registered with the Dutch Trade Register (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Handelsregister</font><font style="font-family:Arial;font-size:10pt;">) of the chamber of commerce (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Kamer van Koophandel</font><font style="font-family:Arial;font-size:10pt;">) under the number&#160;5522 7732.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Account Bank Operators</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch FleetCo Spanish Account Bank Operator, the Dutch FleetCo German Account Bank Operator and the Dutch FleetCo Dutch Account Bank Operator and each a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">".</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Corporate Services Providers</font><font style="font-family:Arial;font-size:10pt;">" means Intertrust (Netherlands) B.V. and Vistra B.V., each appointed as the corporate services provider to Dutch FleetCo under the respective Dutch Corporate Services Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Deed of Charge</font><font style="font-family:Arial;font-size:10pt;">" means the English law deed of charge dated on or about the Dutch Accession Date pursuant to which, among other things, Dutch FleetCo assigns, pledges and otherwise creates security over all its rights and interests in and to each of the English Transaction Documents in respect of its Vehicle Fleet in The Netherlands to which it is a party in favour of the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Deed of Charge Secured Property</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in the Dutch FleetCo Deed of Charge.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Account Bank</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, Amsterdam Branch or its successor or replacement appointed under the Dutch Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Bank Account Pledge</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch law deed of pledge of bank accounts dated on or about the Dutch Accession Date and granted by Dutch FleetCo in favour of the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Bank Accounts</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Transaction Account; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Reserve Account (if any); and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">21</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Additional Accounts opened and maintained in accordance with the Dutch Account Bank Agreement.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Deed of Pledge of Receivables</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch law deed of pledge of receivables dated on or about the Dutch Accession Date granted by Dutch FleetCo in favour of the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Expenses</font><font style="font-family:Arial;font-size:10pt;">" means the fees, costs, charges and expenses to which Dutch FleetCo is liable to the Dutch FleetCo Corporate Services Providers in The Netherlands and all fees, costs, charges and expenses to which Dutch FleetCo is liable in relation to its premises, equipment rental, telephone line, registration fees, tax returns and other corporate administration services, in each case, in The Netherlands.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Opco Event of Default Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;8 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch FleetCo Dutch Opco Event of Default Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;D (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch FleetCo Dutch Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;D (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch FleetCo Dutch Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Reserve Account</font><font style="font-family:Arial;font-size:10pt;">" means the EUR denominated reserve account in The Netherlands in the name of Dutch FleetCo and any sub-accounts thereof which may be opened and maintained with the Dutch FleetCo Dutch Account Bank from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Right of Pledge</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch law non-possessory right of pledge (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">bezitloos pandrecht</font><font style="font-family:Arial;font-size:10pt;">) relating to the Vehicles owned by Dutch FleetCo dated on or about the Dutch Accession Date granted by Dutch FleetCo in favour of the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Secured Property</font><font style="font-family:Arial;font-size:10pt;">" means the assets from time to time secured by the Dutch FleetCo Dutch Security Documents</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the Dutch Accession Date):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(subject to Clause&#160;2.1(xxxvi) hereof) the Dutch FleetCo Share Pledge; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(subject to Clauses&#160;2.1(xxxiv) and&#160;(xxxv) hereof) the Dutch FleetCo Deed of Charge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Deed of Pledge of Receivables; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Bank Account Pledge; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Right of Pledge.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Transaction Account</font><font style="font-family:Arial;font-size:10pt;">" means the EUR denominated bank account held and administered by Dutch FleetCo Dutch Account Bank in the name of Dutch FleetCo with the account number (IBAN: NL65DEUT0265198674).</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">22</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Account Bank</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG or its successor or replacement appointed under the German Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Bank Accounts</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo German Transaction Account;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT Component and Charge Costs Component Trust Account; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo German Reserve Account. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;B (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch FleetCo German Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;B (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch FleetCo German Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Reserve Account</font><font style="font-family:Arial;font-size:10pt;">" means the EUR denominated reserve account in Germany in the name of Dutch FleetCo and any sub-accounts thereof opened and maintained with the Dutch FleetCo German Account Bank and with account number&#160;100-9644667-01.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Secured Property</font><font style="font-family:Arial;font-size:10pt;">" means the assets from time to time secured by the FleetCo German Security Documents, the Dutch Receivables Pledge, the Dutch FleetCo German VAT Pledge, (to the extent of the Dutch FleetCo Level German Advances Proportion) the Dutch FleetCo Share Pledge and the German FleetCo Deed of Charge</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German Transaction Account</font><font style="font-family:Arial;font-size:10pt;">" means the EUR denominated bank account held and administered by Dutch FleetCo German Account Bank in the name of Dutch FleetCo with the account number&#160;100-9644667-00.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo German VAT Pledge</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch law pledge between, among others, German Opco and Dutch FleetCo, in respect of the VAT Amount and the Third Party Purchase Price VAT Amount.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Level Dutch Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">23</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Level German Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Level Spanish Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement; </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Management Documents</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the management agreement entered into by Dutch FleetCo with J.J. van Ginkel, B.W. de Sonnaville and Vistra B.V. and dated 22&#160;June 2012 as amended and restated on 5&#160;March 2013 in respect of the provision of corporate administration services of Dutch FleetCo by Vistra B.V. and as most recently amended with effect as of 31&#160;December 2015 in respect of the replacement of J.J. van Ginkel with Y.&#160;Theuns and as most </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">recently amended and restated with effect as of 29 February 2016 in respect of the replacement of B.W. de Sonnaville with N.S. Lo;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the management agreement entered into by Dutch FleetCo with P.D. Haverkamp and M. Hut and Intertrust (Netherlands) B.V. and dated 22&#160;June 2012 as amended and restated on the Dutch Accession Date in respect of the provision of corporate administration services of Dutch FleetCo by Intertrust (Netherlands) B.V. as amended on 21&#160;January 2015 in respect of the replacement of M. Hut with R.&#160;Posthumus and as most recently amended with effect as of 31&#160;December 2015 in respect of the replacement of R. Posthumus with E.M. van Ankeren;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the letter of undertaking entered into, amongst others, by Vistra B.V. dated 22 June 2012 as amended and restated on the Dutch Accession Date as amended and restated with effect as of 31 December 2015 in respect of the replacement of J.J. van Ginkel with Y. Theuns as amended and restated with effect as of 29 February 2016 in respect of the replacement of B.W. de Sonnaville with N.S. Lo and as most recently amended and restated with effect as of the date of the deed of amendment and transfer entered into between Stichting Holding 2 Fincar Fleet, Stichting Vistra Beheer, Vistra Executives B.V. and Credit Agricole Corporate and Investment Bank in respect of among other things, the accession of Vistra Executives B.V. to, and the release of Stichting Vistra Beheer from its obligations under the letter of undertaking; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the letter of undertaking entered into, amongst others, by Intertrust (Netherlands) B.V. dated 22&#160;June 2012 as amended and restated on the Dutch Accession Date and as amended on 21&#160;January 2015 in respect of the replacement of M. Hut with M. Posthumus and as most recently amended and restated with effect as of 31&#160;December 2015 in respect of the replacement of R. Posthumus with E.M. van Ankeren.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Premises Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the lease agreement dated 22&#160;June&#160;2012 between Pinnacle Offices B.V. and Dutch FleetCo. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Secured Creditors</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch FleetCo Dutch Account Bank, the Dutch FleetCo Dutch Account Bank Operator, the FleetCo Dutch Back-up Cash Manager and, with respect to obligations incurred by Dutch FleetCo acting with respect to its Vehicle Fleet in The Netherlands, the Central Servicer, the Liquidation Agent, the FleetCo Security Agent (including any Receiver or Appointee thereof) and the Issuer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Share Pledge</font><font style="font-family:Arial;font-size:10pt;">" means the deed of the pledge of shares by the shareholders of Dutch FleetCo over all the shares of Dutch FleetCo dated 5&#160;March&#160;2013, as amended on or about the Dutch Accession Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Account Bank</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank S.A.E. or its successor or replacement appointed under the Spanish Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG., London Branch or its successor or replacement appointed under the Spanish Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Bank Accounts</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Spanish Transaction Account; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Spanish Reserve Account (if any).</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">25</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo, Spanish Branch</font><font style="font-family:Arial;font-size:10pt;">" means the Spanish branch of Dutch FleetCo with company registration number M-518708, with company domicile at Avenida Manoteras 32, 28050 Madrid and tax identification number W0037096E.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;A (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch FleetCo Spanish Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part A (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Dutch FleetCo Spanish Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Reserve Account</font><font style="font-family:Arial;font-size:10pt;">" means the reserve account in Spain in the name of Dutch FleetCo, Spanish Branch and which may, from time to time, be opened and maintained with the Dutch FleetCo Spanish Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Secured Property</font><font style="font-family:Arial;font-size:10pt;">" means the assets from time to time secured by the FleetCo Spanish Security Documents, the Spanish FleetCo Deed of Charge and, to the extent of the Dutch FleetCo Level Spanish Advances Proportion, the Dutch FleetCo Share Pledge. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Spanish Transaction Account</font><font style="font-family:Arial;font-size:10pt;">" means the bank account in Spain in the name of Dutch FleetCo, Spanish Branch with the account number 0019 0030 68 4010240146 (IBAN: ES1800190030684010240146).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch GAAP</font><font style="font-family:Arial;font-size:10pt;">" means the whole body of Dutch authoritative accounting literature, including the Dutch Civil Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Burgerlijk Wetboek</font><font style="font-family:Arial;font-size:10pt;">) and the Dutch Accounting Standards published by the Dutch Accounting Standards Board (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Raad voor de Jaarverslaggeving</font><font style="font-family:Arial;font-size:10pt;">).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Initial Purchase Price</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Vehicle in The Netherlands, the purchase price or other consideration payable by Dutch Opco to the Vehicle Manufacturer or Vehicle Dealer for the purchase by Dutch Opco of such Vehicle as provided in the relevant Vehicle Manufacturer Agreement and Vehicle Dealer Agreement, plus VAT and Charge Costs.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Onward Purchase Price</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of any Vehicle in The Netherlands, the purchase price as specified in the Purchase Offer and Lease Request payable by Dutch FleetCo to Dutch Opco which (i)&#160;for a Vehicle other than a Dutch Opco Existing Fleet Vehicle shall be equal to the Dutch Initial Purchase Price payable by Dutch Opco with regard to such vehicles (which price, for these purposes, includes VAT charged by Dutch Opco to Dutch FleetCo) and (if necessary) calculated by way of breakdown of the aggregate price for each type of vehicle subject to the respective Purchase Offer and Lease Request or (ii)&#160;for a Dutch Opco Existing Fleet Vehicle shall be equal to the Net Book Value on the Dutch Accession Date for such Dutch Opco Existing Fleet Vehicle plus VAT.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Opco</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget Autoverhuur B.V.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Opco Existing Fleet Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means each Eligible Vehicle (i)&#160;in respect of which Dutch Opco has paid the Initial Purchase Price in full to the relevant Vehicle Manufacturer or Vehicle Dealer prior to the date of the Master Dutch Fleet Purchase Agreement and (ii)&#160;which Dutch Opco owns prior to the date of the Master Dutch Fleet Purchase Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">26</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Opco Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an Event of Default in respect of Dutch Opco as the Relevant Person. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Parallel Debt</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;16.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Parallel Debt</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Receivables Pledge</font><font style="font-family:Arial;font-size:10pt;">" means the receivables pledge dated 5&#160;March 2013 entered into by, among others, Dutch FleetCo and the FleetCo Security Agent. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Dutch Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(subject to clause&#160;2.1(xxxvi) hereof) the Dutch FleetCo Management Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master German Fleet Purchase Agreement (to the extent expressed to be governed by Dutch law);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master German Fleet Lease Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other Transaction Document expressed to be governed by Dutch law, relating to Dutch FleetCo's Vehicle Fleet in Germany and approved by the FleetCo Security Agent and the Transaction Agent and designated by them as a Dutch Transaction Document which, for the avoidance of doubt shall not include any Dutch Transaction Dutch Documents.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Transaction Dutch Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the Dutch Accession Date):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(subject to clause&#160;2.1 (xxxvi) hereof) the Dutch FleetCo Management Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch Account Mandate;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master Dutch Fleet Purchase Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master Dutch Fleet Lease Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other Transaction Document expressed to be governed by Dutch law, relating to Dutch FleetCo's Vehicle Fleet in The Netherlands and approved by the FleetCo Security Agent and the Transaction Agent and designated by them as a Dutch Transaction Dutch Document, which, for the avoidance of doubt, shall not include any Dutch Transaction Documents.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch VAT Lender</font><font style="font-family:Arial;font-size:10pt;">" means Avis Finance Company Limited. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch VAT Loan Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch VAT Loan Agreement dated on or about the Dutch Accession Date and entered into between the Dutch VAT Loan Borrower and the Dutch VAT Lender.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch VAT Loan Borrower</font><font style="font-family:Arial;font-size:10pt;">" means Dutch FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch VAT Refund</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in the Dutch VAT Loan Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">27</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch VAT Refund Ledger</font><font style="font-family:Arial;font-size:10pt;">" means the ledger on which Dutch VAT Refunds recovered by Dutch FleetCo from the Dutch Tax Authorities are recorded. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Vehicle Certificates</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Vehicles in The Netherlands in relation to which an Individual Purchase and Lease Agreement has been concluded, the registration documents regarding such vehicles and certificates of conformity, including, but not limited to, the ownership codes (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">tenaamstellingscode</font><font style="font-family:Arial;font-size:10pt;">) and the vehicle registration cards.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Vehicle Documents</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Vehicles in The Netherlands, the keys and spare keys to the Vehicles, the Dutch Vehicle Certificates and the certificates of conformity.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Early Termination Payment</font><font style="font-family:Arial;font-size:10pt;">" means, in the event that a FleetCo turns back any Programme Vehicle to a Vehicle Manufacturer or Vehicle Dealer, as applicable, under a Vehicle Dealer Buy-Back Agreement or Vehicle Manufacturer Buy-Back Agreement before the end of the relevant Programme Minimum Term (where applicable), an amount equal to the excess, if any, of (a)&#160;the Termination Value of such Programme Vehicle (as of the Turn-back Date) over (b)&#160;the sum of the Vehicle Manufacturer Repurchase Price received (or receivable) with respect to such Programme Vehicle and any Programme Vehicle Special Default Payments payable by the Lessee in respect of such Programme Vehicle.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Effective Date</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in the English law termination deed dated on or about the Signing Date in respect of the termination of the IFF.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Eligible Issuer Hedge Counterparty</font><font style="font-family:Arial;font-size:10pt;">" means a Person satisfactory to the Parent and the Transaction Agent and:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the outstanding Senior Notes are rated and continue to be rated by any Rating Agency:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">having (at the time of entry into of the relevant Issuer Hedging Agreement) a long-term senior unsecured debt, deposit, claims paying or credit (as the case may be) rating required by such Rating Agency; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">complying with hedge counterparty rating agency criteria commensurate with a Senior Notes rating (from a Rating Agency rating the Senior Notes) of at least "A" from Standard &amp; Poor's, Fitch or DBRS and/or at least "A2" from Moody's or such other rating as would not have an adverse impact on the rating of the Senior Notes; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the outstanding Senior Notes are not rated by a Rating Agency, complying with hedge counterparty rating agency criteria commensurate with a Senior Notes rating of at least "A" from Standard &amp; Poor's, Fitch or DBRS and/or at least "A2" from Moody's.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Eligible Issuer LC Provider</font><font style="font-family:Arial;font-size:10pt;">" means a person:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">satisfactory to the Parent and the Transaction Agent;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">having a long-term senior unsecured debt, deposit, claims paying or credit (as the case may be) rating from at least two Rating Agencies of at least "A" from Standard &amp; Poor's, Fitch or DBRS and/or at least "A1" from Moody's and a short-term senior unsecured debt, deposit, claims paying or credit (as the case may be) rating from at least two Rating Agencies of at least "A-1" from Standard &amp; Poor's, at least "F1" from Fitch, at least "P-1" from Moody's or at least "R-1(mid)" from DBRS; and </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">28</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">that is a commercial bank having total assets in excess of &#8364;500,000,000.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Eligible Receivables</font><font style="font-family:Arial;font-size:10pt;">" means, at any time and in relation to Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, Italian FleetCo in Italy or French FleetCo in France (as applicable):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">its Vehicle Manufacturer Receivables of Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, Italian FleetCo in Italy or French FleetCo in France (as applicable) (other than its Excluded Vehicle Manufacturer Receivables) in respect of Investment Grade Vehicle Manufacturers;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">its (A)&#160;Vehicle Dealer Receivables in Germany, France or The Netherlands or (B)&#160;its Vehicle Manufacturer Receivables in Germany, The Netherlands or France (other than its Excluded Vehicle Manufacturer Receivables) in respect of Non-Investment Grade Vehicle Manufacturers, in each case, to the extent that Dutch FleetCo has the benefit of retention of title provisions relating to the relevant Vehicles at the relevant time; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">its VAT Receivables in Spain and France,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that such receivables listed in paragraphs&#160;(i) and&#160;(ii) above:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">are not more than 90&#160;days overdue and are evidenced by invoices in electronic or paper form;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if owed by a legal entity or by an individual that is organised or resident in a country other than a European Union member country or the country in which such FleetCo or the relevant Related Opco (as the case may be) is organised, the Transaction Agent has been provided with legal opinions satisfactory to it (acting reasonably) confirming that, subject to customary reservations and assumptions, such receivables are enforceable against the entity or individual that owes them;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">are not owed by a sovereign debtor to the extent that the nature of such debtor materially and adversely prejudices the ability to obtain an effective legal assignment of such receivables;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">are not owed by a debtor known by any FleetCo, any Opco or Finco to be subject to bankruptcy or insolvency proceedings; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">can be freely and validly transferred (subject to any limitation or third party consent provided in the underlying contracts) (or are the subject of a security interest granted under the relevant Security Document in any jurisdiction).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Eligible Receivables Amount</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means, in relation to Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, Italian FleetCo in Italy or French FleetCo in France (as applicable), the aggregate amount of its Eligible Receivables in Spain, Germany, The Netherlands, Italy or France, respectively.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Eligible Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means a Vehicle (which includes, for the avoidance of doubt, a Service Vehicle) in Spain, Germany, The Netherlands, Italy or France (as applicable):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">that is subject to a Vehicle Manufacturer Purchase Agreement or Vehicle Dealer Purchase Agreement;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">29</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">that either: (i)&#160;benefits from the buy-back commitment of a Vehicle Dealer or a Vehicle Manufacturer pursuant to a Vehicle Dealer Buy-Back Agreement or a Vehicle Manufacturer Buy-Back Agreement, respectively; or (ii)&#160;if it does not benefit, or no longer benefits, from such buy-back commitment, is classified or reclassified as a Non-Programme Vehicle in accordance with the terms of the relevant Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the certificate of title and/or registration (as applicable and if required) for which is in the name of a FleetCo; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">that is owned by (in respect of a Vehicle in Spain, Germany or The Netherlands) Dutch FleetCo or (in respect of a Vehicle in Italy) Italian FleetCo or (in respect of a Vehicle in France) French FleetCo, free and clear of all liens (other than a retention of title in favour of the corresponding Vehicle Manufacturer or Vehicle Dealer (as applicable) and other than pursuant to the relevant FleetCo Security Document); </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such vehicle is no more than (A)&#160;thirty-six (36) months old in the case of Vehicles other than Vans, Light Trucks or Service Vehicles or (B)&#160;sixty (60) months old in the case of Vans, Service Vehicles and Light Trucks, in each case, after the date of registration with the relevant authorities of such Vehicle; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicles purchased by German Opco from Vehicle Manufacturers under Vehicle Buy Back Agreements which oblige German Opco to resell the relevant Vehicles to the relevant Vehicle Manufacturers shall not be Eligible Vehicles unless binding tax rulings have been obtained by German Opco and Dutch FleetCo from the relevant German Tax Authorities satisfactory to the Transaction Agent.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">encumbrance</font><font style="font-family:Arial;font-size:10pt;">" means a Security Interest.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Enforcement Action</font><font style="font-family:Arial;font-size:10pt;">" means: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to any Liabilities of the Issuer and/or a FleetCo (as applicable):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of the Issuer) the acceleration of any Liabilities of the Issuer or the making of any declaration that any Liabilities of the Issuer are prematurely due and payable (other than as a result of it becoming unlawful for a Senior Noteholder to perform its obligations under, or of any voluntary or mandatory prepayment arising under, the Issuer Transaction Documents) and (in respect of a FleetCo) the acceleration of any Liabilities of such FleetCo or the making of any declaration that any Liabilities of such FleetCo are prematurely due and payable (other than as a result of it becoming unlawful for the Issuer to perform its obligations under, or of any voluntary or mandatory prepayment arising under, the relevant FleetCo Transaction Documents);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the making of any declaration that any Liabilities are payable on demand;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the making of a demand in relation to a Liability that is payable on demand;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the making of any demand against any of the Parent, Finco or Avis Europe in relation to the Parent Performance Guarantee, the Finco Payment Guarantee or the Avis Europe Payment Guarantee, respectively;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">30</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">save to the extent permitted in accordance with clause&#160;6 (Country Repayment Option) of the Framework Agreement, the exercise of any right to require any of the Avis Obligors, FleetCos or the Issuer to acquire any Liability (including exercising any put or call option against any such person for the redemption or purchase of any Liability);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the exercise of any right of set-off, account combination or payment netting against any of the Avis Obligors, FleetCos or the Issuer in respect of any Liabilities other than the exercise of any such right:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">as Close-Out Netting by an Issuer Hedge Counterparty;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">as Payment Netting by an Issuer Hedge Counterparty; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which is otherwise expressly permitted under the Issuer Transaction Documents or FleetCo Transaction Documents to the extent that the exercise of that right gives effect to a payment that is permitted under the Framework Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the suing for, commencing of or joining of any legal or arbitration proceedings against any of the Avis Obligors, FleetCos or the Issuer (as applicable) to recover any Liabilities;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the premature termination or close-out of any hedging transaction under any Issuer Hedging Agreement save as permitted under such Issuer Hedging Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the taking of any steps to enforce or require the enforcement of any Issuer Security by the Issuer Security Trustee (including the crystallisation of any floating charge forming part of the Issuer Security) or FleetCo Security by the FleetCo Security Agent (including the crystallisation of any floating charge forming part of the FleetCo Security);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the entering into of any composition, compromise, assignment or arrangement with any of the Avis Obligors, FleetCos or the Issuer (as applicable) which owes any Liabilities, or has given any Security, guarantee or indemnity or other assurance against loss in respect of the Liabilities; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the petitioning, applying or voting for, or the taking of any steps (including the appointment of any liquidator, receiver, administrator, examiner or similar officer) in relation to, the winding up, dissolution, administration or reorganisation of any of FleetCos or the Issuer (as applicable) which owes any Liabilities, or has given any Security, guarantee, indemnity or other assurance against loss in respect of any of the Liabilities, or any of such person's assets or any suspension of payments or moratorium of any indebtedness of such person, or any analogous procedure or step in any jurisdiction,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">except that the following shall not constitute Enforcement Action:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the taking of any action falling within paragraph&#160;(a)(vii) or&#160;(e) above which is necessary (but only to the extent necessary) to preserve the validity, existence or priority of claims in respect of Liabilities, including the registration of such claims before any court or governmental authority and the bringing, supporting </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">31</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:90px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">or joining of proceedings to prevent any loss of the right to bring, support or join proceedings by reason of applicable limitation periods; </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an Issuer Secured Creditor or a FleetCo Secured Creditor bringing legal proceedings against any person solely for the purpose of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">obtaining injunctive relief (or any analogous remedy outside England and Wales) to restrain any actual or putative breach of any Transaction Document to which it is party;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">obtaining specific performance (other than specific performance of an obligation to make a payment) with no claim for damages; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">requesting judicial interpretation of any provision of any Transaction Document to which it is party with no claim for damages; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the taking of the action in paragraph&#160;(a)(iii) or paragraph&#160;(a)(iv) prior to the delivery of an Enforcement Notice. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Enforcement Notice</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of an Issuer Event of Default, the Issuer Enforcement Notice; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a FleetCo Event of Default, the FleetCo Enforcement Notice.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">English Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Framework Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">this Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Funds Flow Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Tax Deed of Covenant;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Note Issuance Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Subordinated Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Cash Management Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Hedging Agreements;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Spanish Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo German Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Dutch Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Central Servicing Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Back-up Cash Management Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Avis Europe Payment Guarantee;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Finco Payment Guarantee;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Parent Performance Guarantee;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">32</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each FleetCo Deed of Charge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xx)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Liquidation Agency Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Security Power of Attorney;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Spain TRO Declaration of Trust;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Fee Letters; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Lessor Power of Attorney;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each FleetCo Security Power of Attorney; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Security Power of Attorney;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VFN Funding Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other Transaction Documents expressed to be governed by English law and approved by the Transaction Agent.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Equivalent Rating Agency</font><font style="font-family:Arial;font-size:10pt;">" means each of Fitch, Moody's and S&amp;P.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Equivalent Rating Agency Rating</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Equivalent Rating Agency and any Person as of any date of determination, the Relevant Rating by such Equivalent Rating Agency with respect to such Person as of such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Estimated Lease Expiration Date</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in paragraph&#160;5, part&#160;2, annex&#160;1 to schedule&#160;1 of the Master German Fleet Purchase Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Estimated Lease Term</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any relevant Vehicle leased under the Master German Fleet Lease Agreement, the period from (and including) the relevant Lease Commencement Date to (and including) the Estimated Lease Expiration Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Estimated Sales Price</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Non-Programme Vehicle in Germany, the expected Net Book Value of such a Vehicle as calculated on the Estimated Lease Expiration Date or, in the event that the Lease Expiration Date of such Vehicle falls prior to the Estimated Lease Expiration Date, the Net Book Value of such Vehicle on the Lease Expiration Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EU Insolvency Regulation</font><font style="font-family:Arial;font-size:10pt;">" means Council Regulation&#160;(EC)&#160;No.&#160;1346/2000 of 29&#160;May&#160;2000.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EURIBOR</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Senior Advance:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the applicable Screen Rate; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(if no Screen Rate is available for the Senior Advance Interest Period of that Senior Advance Loan) the Reference Bank Rate,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">as of 10:00 a.m. (Paris time) on the Interest Determination Date. If any such applicable Screen Rate or Reference Bank Rate is below zero, EURIBOR will be deemed to be zero.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Euro</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">euro</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#8364;</font><font style="font-family:Arial;font-size:10pt;">" and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EUR</font><font style="font-family:Arial;font-size:10pt;">" each means the lawful currency of the member states of the European Union that adopt the single currency in accordance with the Treaty of Lisbon amending the Treaty on European Union and the Treaty establishing the European Community (signed at Lisbon on 13&#160;December 2007). </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">33</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Euro Equivalent</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to an amount denominated or expressed in any currency other than Euro, the equivalent thereof in Euro calculated at the Transaction Agent's spot rate of exchange as at the relevant date of determination.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Relevant Person, the occurrence of any of the following events:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Relevant Person fails to make any payment payable by it under any Transaction Document when due in the currency and in the manner specified in the relevant Transaction Document except: </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">technical failure:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Dutch FleetCo, Spanish Branch, Spanish Opco, any Italian Opco, French Opco, Italian FleetCo, French FleetCo and the FCT, where such failure is due to technical reasons and such default is remedied by Spanish Opco, the relevant Italian Opco, French Opco, French FleetCo, the FCT or Italian FleetCo (as applicable) or (in respect of Spanish Opco) the Spain Repayment Option, (in respect of any Italian Opco or Italian FleetCo) the Italy Repayment Option or, (in respect of French Opco, French FleetCo or the FCT) the France Repayment Option is, in each case, exercised within 5&#160;Business Days of the occurrence of such failure; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the Central Servicer, German Opco, Dutch Opco, Dutch FleetCo or the Issuer, where such failure is due to technical reasons and such default is remedied by the Central Servicer, German Opco, Dutch Opco, Dutch FleetCo or the Issuer (as applicable) within 5&#160;Business Days of the occurrence of such failure; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">voluntary non-payment: in the case of any Italian Opco, Spanish Opco, Dutch Opco, French Opco, French FleetCo, the FCT and Italian FleetCo, where such failure has occurred while a Voluntary Insolvency Event is continuing in respect of such Opco or such FleetCo and such default is remedied within 2&#160;Business Days or (in respect of Spanish Opco) the Spain Repayment Option or (in respect of any Italian Opco or Italian FleetCo) the Italy Repayment Option or (in respect of French Opco, French FleetCo or the FCT) the France Repayment Option is, in each case, exercised within 2&#160;Business Days of such failure; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">involuntary non-payment: in the case of any Italian Opco, Spanish Opco, Dutch Opco, French Opco, French FleetCo or the FCT and Italian FleetCo, where such failure has occurred while an Involuntary Insolvency Event is continuing in respect of such Opco or Italian FleetCo and such default is remedied within 10&#160;Business Days or (in respect of Spanish Opco) the Spain Repayment Option or (in respect of any Italian Opco or Italian FleetCo) the Italy Repayment Option or (in respect of French Opco, French FleetCo or the FCT) the France Repayment Option is, in each case, exercised within 10&#160;Business Days of such failure; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">other non-payment: </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">34</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of any Relevant Person, where such default is remedied within 5&#160;Business Days;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">interest payments:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Dutch FleetCo, where such failure relates to payment of interest payable by it under a FleetCo Advance under (I)&#160;the FleetCo Spanish Facility Agreement and such default is remedied within 5&#160;Business Days, provided that such non-payment results directly from a non-payment under this paragraph&#160;(iv) by Spanish Opco or the Central Servicer to Dutch FleetCo; (II)&#160;the FleetCo German Facility Agreement and such default is remedied within 5&#160;Business Days, provided that such non-payment results directly from a non-payment under this paragraph&#160;(iv) by German Opco or the Central Servicer to Dutch FleetCo; (III)&#160;the FleetCo Dutch Facility Agreement and such default is remedied within 5&#160;Business Days, provided that such non-payment results directly from a non-payment under this paragraph&#160;(iv) by Dutch Opco or the Central Servicer to Dutch FleetCo;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Italian FleetCo, where such failure relates to payment of interest payable by it under a FleetCo Advance under the FleetCo Italian Facility Agreement and such default is remedied or the Italy Repayment Option is exercised, in each case, within 5&#160;Business Days, provided that such non-payment results directly from a non-payment under this paragraph&#160;(iv) by any Italian Opco to Italian FleetCo;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of French FleetCo, where such failure relates to payment of interest payable by it under a FleetCo Advance under the FleetCo French Facility Agreement and such default is remedied within 5&#160;Business Days, provided that such non-payment results directly from a non-payment under this paragraph&#160;(iv) by French Opco to French FleetCo; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the FCT, where such failure relates to payment of interest payable by it under a VFN Advance under the VFN&#160;Funding Agreement and such default is remedied within 5&#160;Business Days, provided that such non-payment results directly from a non-payment under this paragraph&#160;(iv) by French FleetCo to the FCT; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">E.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the Issuer where such failure relates to payment of interest payable under a Senior Advance and such default is remedied within 5&#160;Business Days, provided that such non-payment results directly from a non-payment under this paragraph&#160;(iv) by Italian FleetCo, the FCT or Dutch FleetCo (as applicable) to the Issuer; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">principal payments:</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">35</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Dutch FleetCo, where such failure relates to payment (on any day other than the Final Maturity Date) of principal payable by it under a FleetCo Advance under the FleetCo Spanish Facility Agreement, the FleetCo German Facility Agreement or the FleetCo Dutch Facility Agreement, and, for the avoidance of doubt, a failure to pay such principal on the Final Maturity Date shall be an "Event of Default";</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Italian FleetCo, where such failure relates to payment (on any day other than the Final Maturity Date) of principal payable by it under a FleetCo Advance under the FleetCo Italian Facility Agreement and, for the avoidance of doubt, a failure to pay such principal on the Final Maturity Date shall be an "Event of Default"; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">C.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of French FleetCo, where such failure relates to payment (on any day other than the Final Maturity Date) of principal payable by it under a FleetCo Advance under the FleetCo French Facility Agreement and, for the avoidance of doubt, a failure to pay such principal on the Final Maturity Date shall be an "Event of Default"; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">D.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the FCT, where such failure relates to payment (on any day other than the Final Maturity Date) of principal payable by it under a VFN Advance under the VFN Funding Agreement and, for the avoidance of doubt, a failure to pay such principal on the Final Maturity Date shall be an "Event of Default"; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">E.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the Issuer, where such failure relates to payment (on any day other than the Final Maturity Date) of principal payable under a Senior Advance and, for the avoidance of doubt, a failure to pay such principal on the Final Maturity Date shall be an "Event of Default";</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any representation or warranty made by the Relevant Person pursuant to any Transaction Document or in any notice or other document, certificate or statement delivered by it pursuant hereto or in connection herewith is or proves to have been incorrect or misleading in any material respect when made and:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Spanish Opco, any Italian Opco, Italian FleetCo, French Opco, French FleetCo and the FCT, such breach is not remedied within 20&#160;Business Days or (in respect of Spanish Opco) the Spain Repayment Option or (in respect of any Italian Opco or Italian FleetCo) the Italy Repayment Option or (in respect of French FleetCo, French Opco and the FCT) the France Repayment Option is, in each case, not exercised within 20 Business Days; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the Issuer, Dutch FleetCo, Central Servicer, Dutch Opco and German Opco, such breach is not remedied within 20&#160;Business Days, </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">36</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:90px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">provided that such breach of representation or warranty is capable of being remedied;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Relevant Person fails duly to perform or comply with any of its material obligations under any of the Transaction Documents to which it is a party (other than those referred to in paragraphs&#160;(a) and&#160;(b) above and paragraph&#160;(h) and paragraph&#160;(i) below) and:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Spanish Opco, any Italian Opco, Italian FleetCo, French Opco, French FleetCo and the FCT, such failure to perform or comply is not remedied within 20&#160;Business Days or (in respect of Spanish Opco) the Spain Repayment Option or (in respect of any Italian Opco or Italian FleetCo) the Italy Repayment Option or (in respect of French Opco, French FleetCo or the FCT) the France Repayment Option is, in each case, not exercised within 20&#160;Business Days; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the Issuer, Dutch FleetCo, the Central Servicer, Dutch Opco and German Opco, such failure to perform or comply is not remedied within 20&#160;Business Days, provided that such failure is capable of being remedied;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an Insolvency Event occurs in respect of the Relevant Person (except the FCT) and, in the case of any Italian Opco, Spanish Opco, French Opco and Dutch Opco, Italian FleetCo, French FleetCo and Dutch FleetCo, such Insolvency Event is continuing and (in respect of Spanish Opco) the Spain Repayment Option and (in respect of any Italian Opco or Italian FleetCo) the Italy Repayment Option and (in respect of French Opco, French FleetCo or the FCT) the France Repayment Option (as applicable) has, in each case, not been exercised within 10&#160;Business Days from the occurrence thereof;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">at any time: (1)&#160;it is or becomes unlawful or contrary to law or regulation in any applicable jurisdiction for the Relevant Person to perform or comply with any or all of its obligations under the Relevant Transaction Documents; (2)&#160;any of the obligations of the Relevant Person under the Relevant Transaction Documents are not or cease to be legal, valid and binding; or (3)&#160;any of the terms of the Relevant Transaction Documents or any part thereof are not or cease to be in full force and effect or enforceable in accordance with its terms or any party to such Transaction Documents shall so assert in writing;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Security purported to be granted to the Issuer Security Trustee or FleetCo Security Agent under the Security Documents is not binding on or enforceable against the Issuer or the relevant FleetCo or effective to create the Security with the priority intended to be created by it except if:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Security purported to be granted by Dutch FleetCo and where the relevant Security Document is expressed to be governed by Spanish law, such Default is remedied or the Spain Repayment Option is exercised, in each case, within 10&#160;Business Days of the date of occurrence of such Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Security purported to be granted by Italian FleetCo and where the relevant Security Document is expressed to be governed by Italian law, such Default is remedied or the Italy Repayment Option is exercised, in each case, within 10&#160;Business Days of the date of occurrence of such Default; and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">37</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of security purported to be granted by French FleetCo and where the relevant Security Document is expressed to be governed by French law, such Default is remedied or the France Repayment Option is exercised in each case, within 10&#160;Business Days from the date of occurrence or such Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any event or circumstance occurs which would have a Material Adverse Effect on:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dutch FleetCo;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">French FleetCo;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FCT, except if such event or circumstance is remedied within 10&#160;Business Days of its occurrence or the France Repayment Option is exercised within 10&#160;Business Days from the date of its occurrence;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Italian FleetCo, except if such event or circumstance is remedied within 10&#160;Business Days of its occurrence or the Italy Repayment Option is exercised within 10&#160;Business Days from the date of its occurrence; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">breach of the Issuer Borrowing Base Test and the Country Asset Value Test:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a breach of the Country Asset Value Test in respect of Spain and such breach continues for a period of at least 5 Business Days or the Spain Repayment Option is not exercised within 5&#160;Business Days from the date of such breach;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Dutch FleetCo, a breach of the Country Asset Value Test in respect of Germany or The Netherlands and such breach continues for a period of at least 5&#160;Business Days from the date of such breach;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of French FleetCo, a breach of the Country Asset Value Test in respect of France and such breach continues for a period of at least 5&#160;Business Days or the France Repayment Option is not exercised within 5&#160;Business Days from the date of such breach;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of Italian FleetCo, a breach of the Country Asset Value Test in respect of Italy and such breach continues for a period of at least 5&#160;Business Days or the Italy Repayment Option is not exercised within 5&#160;Business Days from the date of such breach; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the Issuer, a breach of the Issuer Borrowing Base Test and such breach continues for a period of at least 5&#160;Business Days from the date of such breach; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amount of the Issuer Reserves is less than the Issuer Reserve Required Amount and such shortfall continues for a period of at least 3&#160;Business Days.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Excess Concentration Amount</font><font style="font-family:Arial;font-size:10pt;">" means, on any date, and in respect of all limits included in the definition of "Concentration Limit" (without double counting), the aggregate of all the Relevant Excess Concentration Amounts on such date. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Excess Damage Charges</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Programme Vehicle, the amount charged or deducted from the Vehicle Manufacturer Repurchase Price by the relevant Vehicle </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">38</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Manufacturer or Vehicle Dealer, where applicable, in accordance with the relevant Vehicle Manufacturer Buy-Back Agreement or the Vehicle Dealer Buy-Back Agreement (as applicable) due to (a)&#160;damage over a prescribed limit, (b)&#160;if applicable, damage not subject to a prescribed limit (c)&#160;missing equipment, and (d)&#160;any other penalty that may be imposed by the relevant Vehicle Manufacturer or Vehicle Dealer pursuant to the relevant Vehicle Manufacturer Buy-Back Agreement and/or Vehicle Dealer Buy-Back Agreement in each case at the time that such Vehicle is turned back to such Vehicle Manufacturer or Vehicle Dealer, as applicable, or such person's agent for repurchase or auction pursuant to the relevant Vehicle Manufacturer Buy-Back Agreement and/or Vehicle Dealer Buy-Back Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Excess Mileage Charges</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Programme Vehicle, an amount which may be charged by the relevant Vehicle Manufacturer or Vehicle Dealer or deducted from the Vehicle Manufacturer Repurchase Price in accordance with the relevant Vehicle Manufacturer Buy-Back Agreement or the Vehicle Dealer Buy-Back Agreement (as applicable) by reason of the recorded mileage of such Vehicle exceeding a prescribed limit at the time that such Vehicle is turned back to the Vehicle Manufacturer or Vehicle Dealer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Excess Payment</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;14 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Fees, Traffic Penalties and Fines</font><font style="font-family:Arial;font-size:10pt;">) of the Master German Fleet Lease Agreement, clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Fees, Traffic Penalties and Fines</font><font style="font-family:Arial;font-size:10pt;">) of the Master Dutch Fleet Lease Agreement, clause&#160;16 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Fees, Traffic Penalties and Fines</font><font style="font-family:Arial;font-size:10pt;">) of each Italian Master Lease Agreement and clause&#160;17 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Fees, Traffic Penalties and Fines</font><font style="font-family:Arial;font-size:10pt;">) of each of the Spanish Master Lease Agreement and the French Master Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Excess Swap Collateral</font><font style="font-family:Arial;font-size:10pt;">" means an amount equal to the value of the collateral (or the applicable part of any collateral) provided by any Issuer Hedge Counterparty to the Issuer in respect of the relevant Issuer Hedge Counterparty's obligations to transfer collateral to the Issuer under the relevant Issuer Hedging Agreement, which is in excess of that Issuer Hedge Counterparty's liability to the Issuer under the relevant Issuer Hedging Agreement as at the date of termination of the transaction under the relevant Issuer Hedging Agreement, or which the relevant Issuer Hedging Counterparty is otherwise entitled to have returned to it under the terms of the relevant Issuer Hedging Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Excluded Payments</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Programme Vehicle or a Non-Programme Vehicle, any amounts paid into the relevant FleetCo Bank Account:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which constitutes any rebates (if any) and any bonus (if any) for the purchase of such Vehicle, provided that neither such rebates nor bonus constitute the Capitalised Cost of any Vehicle or constitute any no-return bonus if such amount is taken into account for the purposes of clause&#160;30.1 of the Master Dutch Fleet Lease Agreement and of each Italian Master Lease Agreement and of clause&#160;31.1 of each of the French Master Lease Agreement and the Spanish Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in reimbursement for repair work performed on such Vehicle by the Lessee (at its own cost), where such work is covered by warranty;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to insurance proceeds paid in respect of a Vehicle which has been purchased by Opco from FleetCo (including, without limitation, a Casualty);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a Vehicle which is owned by Opco; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in error to FleetCo to which FleetCo is not contractually entitled; </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">39</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a Dutch VAT Refund or a Maggiore Italian VAT Refund; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to Spanish Opco in reimbursement of the Tax on Motor Vehicle (as defined in the Spanish Servicing Agreement) and in relation to Tax on Certain Means of Transport (TMT), in each case, re-invoiced by Dutch FleetCo, Spanish Branch to the relevant Vehicle Manufacturer and paid by the relevant Vehicle Manufacturer to Dutch FleetCo, Spanish Branch (provided that Spanish Opco has paid such Tax on Motor Vehicle or, as the case may be, such Tax on Certain Means of Transport to the relevant Tax authorities); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to (x)&#160;any VAT Amount, (y)&#160;any Third Party Purchase Price VAT Amount and (z)&#160;the positive difference between amount of Vehicle Manufacturer Repurchase Price (excluding VAT) and the Net Book Value with respect to the Vehicles for which the Vehicle Manufacturer Repurchase Price is paid pursuant to clause&#160;6.3 and/or clause&#160;6.5 of the Master German Fleet Purchase Agreement. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Excluded Vehicle Manufacturer Receivables</font><font style="font-family:Arial;font-size:10pt;">" means, at any time and in relation to Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, Italian FleetCo in Italy or French FleetCo in France, any Vehicle Manufacturer Receivables in respect of which a Vehicle Manufacturer Event of Default has occurred.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Execution or Distress Event</font><font style="font-family:Arial;font-size:10pt;">" means any execution, expropriation, attachment, sequestration or distress is levied against or affects, or an encumbrancer takes possession of, the whole or any part of the property, undertaking or assets of any person, the aggregate value of which property, undertaking or assets of all such person and the same is not discharged within 10&#160;Business Days of such execution, expropriation, attachment, sequestration, levy or taking of possession.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Existing Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;21.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Transfers by Senior Noteholders; Accession of further Senior Noteholders</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Expected Maturity Date</font><font style="font-family:Arial;font-size:10pt;">" means six months after the Scheduled Amortisation Commencement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Extraordinary Depreciation Amount</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to all Vehicles in a given Vehicle Fleet:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which have been damaged (other than as a result of ordinary wear and tear), any additional extraordinary depreciation related to such damage;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which have been stolen or which have not been returned by the relevant customers, any provision or any additional extraordinary depreciation related to such Vehicles; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any Vehicle, any provision or any additional extraordinary depreciation reflecting the expected loss or decrease in the Net Book Value of such Vehicles.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Facility</font><font style="font-family:Arial;font-size:10pt;">" means, as the context requires, each of the Issuer Note Issuance Facility Agreement, the Issuer Subordinated Facility Agreement, the FleetCo German Facility Agreement, the FleetCo Dutch Facility Agreement, the FleetCo Italian Facility Agreement, the FleetCo French Facility Agreement and/or the FleetCo Spanish Facility Agreement. </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">40</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FATCA</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">sections&#160;1471 to 1474 of the Code or any associated regulations or other official guidance;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any treaty, law, regulation or other official guidance enacted in any other jurisdiction, or relating to an intergovernmental agreement between the US and any other jurisdiction, which (in either case) facilitates the implementation of paragraph&#160;(a) above; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any agreement pursuant to the implementation of paragraph&#160;(a) or&#160;(b) above with the US Internal Revenue Service, the US government or any governmental or taxation authority in any other jurisdiction.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FATCA Application Date</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to a "withholdable payment" described in section&#160;1473(1)(A)(i) of the Code (which relates to payments of interest and certain other payments from sources within the US), 1&#160;January 2014; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to a "withholdable payment" described in section&#160;1473(1)(A)(ii) of the Code (which relates to "gross proceeds" from the disposition of property of a type that can produce interest from sources within the US), 1&#160;January 2017; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to a "passthru payment" described in section&#160;1471(d)(7) of the Code not falling within paragraph (a) or (b) above, 1&#160;January 2017,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">or, in each case, such other date from which such payment may become subject to a deduction or withholding required by FATCA as a result of any change in FATCA after the Signing Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FATCA Deduction</font><font style="font-family:Arial;font-size:10pt;">" means a deduction or withholding from a payment under a Transaction Document required by FATCA.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FATCA Exempt Party</font><font style="font-family:Arial;font-size:10pt;">" means a Party that is entitled to receive payments free from any FATCA Deduction.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FATCA FFI</font><font style="font-family:Arial;font-size:10pt;">" means a foreign financial institution as defined in section 1471(d)(4) of the Code which, if any Issuer Secured Creditor or FleetCo Secured Creditor is not a FATCA Exempt Party, could be required to make a FATCA Deduction.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT</font><font style="font-family:Arial;font-size:10pt;">" means FCT CarFin, a </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">fonds commun de titrisation</font><font style="font-family:Arial;font-size:10pt;">&#32;jointly established by the FCT Management Company and the FCT Custodian on the FCT Establishment Date and governed by Articles L.&#160;214-167 to L.&#160;214-186 and Articles R.&#160;214-217 to R.&#160;214-235 of the French </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Code mon&#233;taire et financier</font><font style="font-family:Arial;font-size:10pt;">&#32;and the FCT Regulations.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Account</font><font style="font-family:Arial;font-size:10pt;">" means the segregated EUR denominated bank account opened on behalf of the FCT with the FCT Custodian, the details of which are set out in clause&#160;24.1 of the FCT Regulations.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Available Funds</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means an amount calculated on each Issuer Determination Date, without double counting:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all amounts standing to the credit of the FCT Account (excluding the amounts which are proceeds of any VFN Advance made to the FCT); and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">41</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all amounts received by the FCT, including from French FleetCo under the FleetCo French Facility Agreement. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Custodian</font><font style="font-family:Arial;font-size:10pt;">" means CACEIS Bank France acting as custodian for the FCT and as account bank for the FCT.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Establishment Date</font><font style="font-family:Arial;font-size:10pt;">" means the date on which the FCT is established, such date falling on the Initial French Funding Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means any of the events set out in schedule&#160;4 part&#160;4 to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Management Company</font><font style="font-family:Arial;font-size:10pt;">" means Eurotitrisation, a </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">soci&#233;t&#233; anonyme</font><font style="font-family:Arial;font-size:10pt;">&#32;incorporated under the laws of France under registration number&#160;352 458 368 RCS Bobigny, having its registered office at 41, rue Delizy 93500, Pantin, France, duly licensed as a soci&#233;t&#233; de gestion de portefeuille under number GP 14000029 and authorised by the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Autorit&#233; des March&#233;s Financiers</font><font style="font-family:Arial;font-size:10pt;">&#32;for the management of securitisation funds, and any successor or replacement thereof. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Minimum Required Re-Selling Price</font><font style="font-family:Arial;font-size:10pt;">" means the purchase price payable to the FCT by any acquirer of the FleetCo French Loan Receivables and the FleetCo French Related Security under clause&#160;6 of the FCT Transfer and Servicing Agreement which provides the FCT with sufficient funds, together with the FCT's temporarily available cash (if any), to pay all amounts due in respect of principal, interest and other amounts due to the FCT Noteholder and the FCT Residual Unitholder and repay all sums due by the FCT under the Issuer Transaction Documents , if any.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Noteholder</font><font style="font-family:Arial;font-size:10pt;">" means the registered holder of the Variable Funding Note as recorded in the FCT Register.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Offer to Sell</font><font style="font-family:Arial;font-size:10pt;">" means the offer issued by the FCT Management Company, acting on behalf of the FCT, in accordance with</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">clause&#160;6 of the FCT Transfer and Servicing</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">Agreement to the relevant potential purchaser in respect of the purchase of any FleetCo French Loan Receivables from the FCT.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Payment Date</font><font style="font-family:Arial;font-size:10pt;">" means each FleetCo Advance Repayment Date and each Settlement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;7 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FCT Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Refinancing Fee</font><font style="font-family:Arial;font-size:10pt;">" means a refinancing fee of an amount equal to the aggregate amount of all fees, costs and expenses specified in clause&#160;25 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FCT Fees</font><font style="font-family:Arial;font-size:10pt;">) of the FCT&#160;Regulations (net of the aggregate amount of any taxes) due and payable by the French FleetCo (in its capacity as French FleetCo) to the French Intermediary Bank in accordance with the relevant provisions of the FleetCo French Facility Agreement in order to refinance all the relevant fees, costs and expenses payable to the FCT Management Company, the FCT Custodian, the FCT Servicer, the FCT Statutory Auditor and the FCT Registrar in accordance with the FCT Regulations and the FCT Transfer and Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Register</font><font style="font-family:Arial;font-size:10pt;">" means the register held by the FCT Registrar in relation to the Variable Funding Notes and the FCT Residual Units issued by the FCT, pursuant to and in accordance with the VFN Funding Agreement and the FCT Regulations.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">42</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Registrar</font><font style="font-family:Arial;font-size:10pt;">" means CACEIS Corporate Trust.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Registrar Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement entered into on 21&#160;May 2014 between the FCT Registrar, the FCT Custodian and the FCT Management Company (acting on behalf of the FCT), as amended, varied or supplemented from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Regulations</font><font style="font-family:Arial;font-size:10pt;">" means the regulations governing the FCT entered into on 21&#160;May&#160;2014 between the FCT Management Company and the FCT Custodian in accordance with Articles L.214-167 to L.214-189 and Articles R.214-217 to R.214-232-I of the French </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Code mon&#233;taire et financier</font><font style="font-family:Arial;font-size:10pt;">&#32;as</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;</font><font style="font-family:Arial;font-size:10pt;">amended and supplemented from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Residual Unitholder</font><font style="font-family:Arial;font-size:10pt;">" means the holder of the FCT Residual Units from time to time which will be CACIB on the FCT Establishment Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Residual Units</font><font style="font-family:Arial;font-size:10pt;">" mean the two residual units issued by the FCT on or before the FCT Initial Transfer Date which will be subscribed by CACIB.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Residual Units Purchase Option</font><font style="font-family:Arial;font-size:10pt;">" means the call option granted by the FCT Residual Unitholder to Finco under paragraph&#160;2 of the FCT Residual Units Subscription Form.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Residual Units Subscription Form</font><font style="font-family:Arial;font-size:10pt;">" means the subscription form attached as schedule&#160;1 to the FCT Regulations.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Servicer</font><font style="font-family:Arial;font-size:10pt;">" means CACIB and any successor or replacement thereof.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Statutory Auditor</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in the FCT Regulations.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">" means: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FCT Regulations;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FCT Transfer and Servicing Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FCT Registrar Agreement.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Transfer and Servicing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the transfer and servicing agreement entered into on or about the French Accession Date between, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">inter alios</font><font style="font-family:Arial;font-size:10pt;">, French FleetCo, the FCT (represented by the Management Company), the FCT Custodian the French Intermediary Bank and the FCT Servicer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Transfer Date</font><font style="font-family:Arial;font-size:10pt;">" means the date falling on the Initial French Funding Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Transfer Deed</font><font style="font-family:Arial;font-size:10pt;">" means the transfer deed (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">acte de cession de cr&#233;ances</font><font style="font-family:Arial;font-size:10pt;">) in the form of schedule&#160;1 to the FCT Transfer and Servicing Agreement, to be delivered on the FCT Transfer Date by the French Intermediary Bank to the FCT Management Company, acting in the name and on behalf of the FCT in accordance with the relevant provisions of the FCT Transfer and Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Transfer Price</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to the FCT Transfer and Servicing Agreement and the FCT Regulations, the transfer price in respect of the FleetCo French Loan Receivables to be acquired by the FCT from the French Intermediary Bank on the FCT Transfer Date to be calculated and paid by way of installments in accordance with the provisions of the FCT Transfer and Servicing Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fee Letters</font><font style="font-family:Arial;font-size:10pt;">" means the Transaction Agent Fee Letter, the Senior Noteholder Fee Letters and any other document designated by the Transaction Agent as a "Fee Letter". </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">43</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Final</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maturity Date</font><font style="font-family:Arial;font-size:10pt;">" means 20&#160;months after the Expected Maturity Date. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Financial Indebtedness</font><font style="font-family:Arial;font-size:10pt;">" means (without double counting) any indebtedness in relation to or arising under or in connection with:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any money borrowed (including any overdraft);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any amount raised pursuant to any note purchase facility or the issue of debenture, bond, note or loan stock or any similar instrument;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any amount raised by acceptance under any acceptance credit facility or any dematerialised equivalent;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any receivable sold or discounted (other than any receivables to the extent they are sold on a non-recourse basis);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the purchase price of any asset or service to the extent payable by the Issuer or a FleetCo, (as applicable) after the time of sale or delivery to such person, where the deferred payment is arranged as a method of raising finance (other than, in respect of a FleetCo or the Issuer, any deferred payment or grace period granted by a Vehicle Manufacturer or Vehicle Dealer in relation to the acquisition of the Vehicles);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sale price of any asset or service to the extent paid to the Issuer, a FleetCo, (as applicable) before the time of sale or delivery by the Issuer, a FleetCo, (as applicable) liable to effect that sale or delivery, where the advance payment is primarily arranged as a method of raising finance;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any lease, hire purchase agreement, credit sale or conditional sale agreement in each case which would be treated as financial liabilities in accordance with Applicable Accounting Principles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any derivative transaction entered into in connection with protection against or benefit from fluctuation in any currency, rate or price (and, when calculating the value of any derivative transaction, only the marked to market value shall be taken into account);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">shares which are expressed to be redeemable;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(j)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any amount raised under any other transaction (including any forward sale or purchase agreement) having the commercial effect of a borrowing;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(k)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any counter-indemnity obligation in respect of a guarantee, indemnity, bond, standby or documentary letter of credit or any other instrument issued by a bank or financial institution; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(l)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amount of any liability in respect of any guarantee or indemnity for any of the items referred to in paragraphs&#160;(a) to&#160;(k) above.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Financial Institution</font><font style="font-family:Arial;font-size:10pt;">" means a bank or credit institution whose activities include purchasing debt securities or other financial assets and lending monies, and includes each Initial Financial Institution Senior Noteholder (excluding, for the avoidance of doubt, any Conduits).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Finco</font><font style="font-family:Arial;font-size:10pt;">" means Avis Finance Company Limited.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Finco Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">" means the compliance certificate substantially in the form set out in part&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Finco Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;7 to the Framework Agreement signed by Finco and delivered by Finco.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">44</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Finco Guarantor Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means any of the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an Opco Change of Control, provided that if (1)&#160;any cessation described in the Opco Change of Control is in relation to the share capital of, the shareholders' general meetings of or the board of directors of (as applicable) Spanish Opco or any Italian Opco or French Opco and (2)&#160;the Spain Repayment Option (in respect of Spanish Opco) or the Italy Repayment Option (in respect of any Italian Opco) or the France Repayment Option (in respect of French Opco) is exercised within 30 days of such cessation, there shall not be any Finco Guarantor Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an Avis Europe Change of Control, provided that, for the avoidance of doubt, if all outstanding Senior Advances as of the date of such occurrence (and all accrued but unpaid interest thereon) and all other amounts due to the Senior Noteholders and the other Issuer Secured Creditors (save for the Subordinated Lender) are repaid in full by the Issuer on or before such date, there shall not be a "Finco Guarantor Event of Default" under this paragraph (b);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of a Parent Change of Control; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence and continuation of an "event of default" under the Credit Agreement or Replacement Credit Agreement that is not waived pursuant to the terms of such Credit Agreement or Replacement Credit Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Event of Default under paragraph&#160;(d) of the definition of "Event of Default" occurs where the Relevant Person is Finco, its successor or replacement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">failure by Finco or its successor or replacement to comply with any of its payment obligations under the Finco Payment Guarantee.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Finco Payment Guarantee</font><font style="font-family:Arial;font-size:10pt;">" means the irrevocable guarantee and indemnity from Finco in favour of the FleetCo Security Agent (for and on behalf of itself and the other FleetCo Secured Creditors) in respect of: (i)&#160;the payment obligations of each Opco under the Transaction Documents to which such Opco is a party and (ii)&#160;the payment obligations of each FleetCo under the Transaction Documents to which such FleetCo is a party.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fitch</font><font style="font-family:Arial;font-size:10pt;">" means Fitch Rating Ltd. or any successor to its European rating business.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo</font><font style="font-family:Arial;font-size:10pt;">" means each of Dutch FleetCo, French FleetCo and Italian FleetCo, as applicable and together, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCos</font><font style="font-family:Arial;font-size:10pt;">".</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Account Bank</font><font style="font-family:Arial;font-size:10pt;">" means, as applicable, the Italian FleetCo Account Bank, the French FleetCo Account Bank, the Dutch FleetCo German Account Bank, the Dutch FleetCo Dutch Account Bank or the Dutch FleetCo Spanish Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, as applicable, the Spanish Account Bank Agreement, the Dutch Account Bank Agreement, the German Account Bank Agreement, the French Account Bank Agreement or the Italian Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Account Bank Termination Event</font><font style="font-family:Arial;font-size:10pt;">" means an Italian FleetCo Account Bank Termination Event, a French FleetCo Account Bank Termination Event, a Dutch FleetCo German Account Bank Termination Event, a Dutch FleetCo Spanish Account Bank Termination Event, a Dutch FleetCo Dutch Account Bank Termination Event or any of them.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">45</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Advance</font><font style="font-family:Arial;font-size:10pt;">" means a FleetCo German Advance, a FleetCo Italian Advance, a FleetCo French Advance, a FleetCo Dutch Advance and a FleetCo Spanish Advance (or any of them).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Advance Drawdown Date</font><font style="font-family:Arial;font-size:10pt;">" means the Original FleetCo Advance Drawdown Date or the Deemed FleetCo Advance Drawdown Date (as the case may be).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Advance Drawdown Notice</font><font style="font-family:Arial;font-size:10pt;">" means a drawdown notice delivered by or on behalf of the relevant FleetCo to the Issuer</font><font style="font-family:Arial;font-size:10pt;color:#0000ff;">&#32;</font><font style="font-family:Arial;font-size:10pt;">or, in respect of French FleetCo, to the French Intermediary Bank, pursuant to which the relevant FleetCo irrevocably requests one or more funding of FleetCo Advances under the relevant FleetCo Facility Agreement and substantially in the form set out in the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Advance Interest Amount</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;4.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Payment of Interest</font><font style="font-family:Arial;font-size:10pt;">) of the FleetCo German Facility Agreement, the FleetCo Italian Facility Agreement, the FleetCo Dutch Facility Agreement, the FleetCo French Facility Agreement and the FleetCo Spanish Facility Agreement (as applicable). </font></div><div style="line-height:145%;padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Advance Interest Period</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a FleetCo Advance:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the first (and, if applicable, only) period commencing from (and including) the FleetCo Advance Drawdown Date of such FleetCo Advance up to the earlier of (a)&#160;the relevant FleetCo Advance Repayment Date or (b)&#160;the date falling on (but excluding) the next Settlement Date; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any subsequent period commencing from (and including) such Settlement Date in paragraph&#160;(i)(b) above to (but excluding) the relevant FleetCo Advance Repayment Date.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Advance Repayment Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a FleetCo Advance, the date of repayment of such advance.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means the FleetCo German Advances Proportion, the FleetCo Dutch Advances Proportion, the FleetCo French Advances Proportion, the FleetCo Italian Advances Proportion, the FleetCo Spanish Advances Proportion, the Dutch FleetCo Level German Advances Proportion, the Dutch FleetCo Level Dutch Advances Proportion and the Dutch FleetCo Level Spanish Advances Proportion, as applicable. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Available Funds</font><font style="font-family:Arial;font-size:10pt;">" means an amount calculated on each FleetCo Determination Date in respect of each Country, the aggregate of, in each case without double counting:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the rental income received from the relevant Opco under the Master Lease Agreement(s) to which it is a party;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(b)&#160;&#160;&#160;&#160;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of the Vehicle Fleet in Spain, Italy, France and The Netherlands) sale proceeds received from Vehicle Manufacturers and/or Vehicle Dealers (in the case of Programme Vehicles) as well as Vehicle Dealers and other third parties (in the case of Non-Programme Vehicles) in relation to the vehicles which Dutch FleetCo, Spanish Branch, Italian FleetCo, French FleetCo or Dutch FleetCo (as applicable) sells along with any non-return bonus paid to the relevant FleetCo and included in the purchase price consideration referred to in clause&#160;30.1 of the Master Dutch Fleet Lease Agreement and each Italian </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">46</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:90px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">Master Lease Agreement and clause&#160;31.1 of the Spanish Master Lease Agreement and the French Master Lease Agreement; and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of the Vehicle Fleet in Germany) sale proceeds received from Vehicle Manufacturers and/or Vehicle Dealers (in the case of Programme Vehicles) as well as Vehicle Dealers and other third parties (in the case of Non-Programme Vehicles) in relation to the vehicles which German Opco sells, excluding (x)&#160;the VAT Amount, (y)&#160;the Third Party Purchase Price VAT Amount and (z)&#160;the positive difference between amount of Vehicle Manufacturer Repurchase Price (excluding VAT) or the Third Party Purchase Price (excluding VAT) and the Net Book Value with respect to the Vehicles for which the Vehicle Manufacturer Repurchase Price or the Third Party Purchase Price (excluding VAT) is paid pursuant to clause&#160;6.3 and/or clause&#160;6.5 of the Master German Fleet Purchase Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to: </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dutch FleetCo, Spanish Branch receipts of VAT Receivables;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Italian FleetCo, any amount of VAT received by it (or to which it is entitled under the Italian VAT Sharing Agreement) which is not used by Italian FleetCo to (A)&#160;repay a VAT Loan Advance pursuant to clause&#160;8.1.2(i) of any Italian VAT Loan Agreement or (B)&#160;pay Avis Italian Opco pursuant to clause&#160;6(b) of the Italian VAT Sharing Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">French FleetCo receipts of VAT Receivables; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">other cash standing to the credit of (in respect of Germany) the Dutch FleetCo German Transaction Account, (in respect of Spain) the Dutch FleetCo Spanish Transaction Account, (in respect of The Netherlands) the Dutch FleetCo Dutch Transaction Account, (in respect of France) the French FleetCo Transaction Account and (in respect of Italy) the Italian FleetCo Transaction Account and the Italian Dedicated Financing Account, in each case, from time to time, excluding:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the proceeds of any FleetCo Advance made to the relevant FleetCo under the relevant FleetCo Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an amount equal to the Excluded Payments in any such bank account); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">excluding the amounts in the provisioned items ledger of the relevant FleetCo in each Country,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">prior to the occurrence of a Rapid Amortisation Event, funds standing to the credit of the relevant FleetCo Reserve Account would not form part of the FleetCo Available Funds; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the proceeds set out in (b)(i)&#160;above and the moneys standing to the credit of the Italian Dedicated Financing Account shall be used exclusively by Italian FleetCo (i)&#160;in or towards payment of interest and/or repayment of principal due in respect of the FleetCo Italian Facility Agreement in accordance with items&#160;(h) and&#160;(i) of the Italian FleetCo Pre-Enforcement Priority of Payments and items&#160;(g) and&#160;(h) of the Italian FleetCo Post-Enforcement Priority of Payments, and (ii)&#160;in respect of payments to be made </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">47</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">or provided for under item&#160;(e) of the Italian FleetCo Pre-Enforcement Priority of Payments and item&#160;(d) of the Italian FleetCo Post-Enforcement Priority of Payments in accordance with clause&#160;6.1.5 of the FleetCo Italian Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Back-up Cash Management Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the back-up cash management agreement between, among others, the FleetCos and each FleetCo Back-up Cash Manager.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Back-up Cash Management Services</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;2.4.1 of the FleetCo Back-up Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means the FleetCo Spanish Back-up Cash Manager, the FleetCo German Back-up Cash Manager, the FleetCo Dutch Back-up Cash Manager, the FleetCo French Back-up Cash Manager and the FleetCo Italian Back-up Cash Manager (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Back-up Cash Manager Commencement Notice</font><font style="font-family:Arial;font-size:10pt;">" means a commencement notice under the FleetCo Back-up Cash Management Agreement upon whose service the signing authority of the relevant FleetCo Back-up Cash Manager over the Dutch FleetCo Spanish Bank Accounts, the Italian Bank Accounts, the Dutch FleetCo German Bank Accounts, the Dutch FleetCo Dutch Bank Accounts and the French Bank Accounts (as applicable) shall become operative and upon receipt of which by the relevant FleetCo Back-up Cash Manager, such FleetCo Back-up Cash Manager shall become responsible for the services described in clause&#160;2.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Scope of Services</font><font style="font-family:Arial;font-size:10pt;">) of the FleetCo Back-up Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Back-up Cash Manager Termination Event</font><font style="font-family:Arial;font-size:10pt;">" means any of the termination events set out under clause&#160;7.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Termination</font><font style="font-family:Arial;font-size:10pt;">) of the FleetCo Back-up Cash Management Agreement.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Bank Accounts</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch FleetCo Spanish Bank Accounts, the Italian Bank Accounts, the French Bank Accounts, the Dutch FleetCo German Bank Accounts, the Dutch FleetCo Dutch Bank Accounts and the Dutch Bank Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Cash Management and Lease Report</font><font style="font-family:Arial;font-size:10pt;">" means the cash management report and lease report in respect of each Country provided by the relevant Servicer to the Transaction Agent on each Reporting Date, substantially in the form set out in part&#160;2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of FleetCo Cash Management and Lease Report</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;8 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Forms of Cash Management Reports</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement and, if amended, in form and substance satisfactory to the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a FleetCo, the compliance certificate substantially in the form set out in part&#160;2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of FleetCo Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;7 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Forms of Compliance Certificates</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Deed of Charge</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Spanish FleetCo Deed of Charge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German FleetCo Deed of Charge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Deed of Charge; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Deed of Charge; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French FleetCo Deed of Charge (as applicable). </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">48</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Determination Date</font><font style="font-family:Arial;font-size:10pt;">" means the date falling 5&#160;Business Days before a Settlement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Advance</font><font style="font-family:Arial;font-size:10pt;">" means each advance made by the Issuer to Dutch FleetCo under the FleetCo Dutch Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo French Advances under the FleetCo French Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Italian Advances under the FleetCo Italian Facility Agreement, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch and any successor or replacement thereof appointed under the FleetCo Back-up Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" means a facility agreement between Dutch FleetCo and the Issuer, the proceeds of which Dutch FleetCo will use to, among other things, purchase vehicles to comprise its Dutch fleet from manufacturers and dealers.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Secured Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Dutch FleetCo, all present and future moneys, debts and liabilities due, owing or incurred by Dutch FleetCo to the Dutch FleetCo Secured Creditors in any manner whatsoever, including on any current or other account or otherwise, including under or in connection with any:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dutch Transaction Dutch Document to which Dutch FleetCo is a party; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(subject to clause&#160;2.1&#160;(xxxiv) and&#160;(xxxvi) hereof) English Transaction Document to which Dutch FleetCo is a party, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">49</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(subject to clause&#160;2.1&#160;(xxxvi) hereof) the Dutch FleetCo Share Pledge; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch Receivables Pledge; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo German VAT&#160;Pledge.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Enforcement Notice</font><font style="font-family:Arial;font-size:10pt;">" means a notice delivered by the FleetCo Security Agent to the relevant FleetCo notifying the relevant FleetCo that it will enforce the security created under the FleetCo Security Documents and/or take any other kind of Enforcement Action. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means any event of default as set out in part&#160;2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Events of Default</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Events of Default</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Excess Cash Amount</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a FleetCo in a Country, the amount equal to the amount standing to the credit of any account of any FleetCo, excluding:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Italian FleetCo in relation to the Maggiore Vehicles, the amount of all:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT Loan Advances made to Italian FleetCo under the Maggiore Italian VAT Loan Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT payments received by Italian FleetCo from a sale or disposal of any Maggiore Vehicle and the VAT payments received by Italian FleetCo from the lease of any Maggiore Vehicle by Italian FleetCo to Maggiore Italian OpCo; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Maggiore Italian VAT Refunds.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Italian FleetCo in relation to its vehicle fleet other than the Maggiore Vehicles, the amount of all: </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT Loan Advances made to Italian FleetCo under the Avis Italian VAT Loan Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT payments received by Italian FleetCo from the sale or disposal of Vehicles by Italian FleetCo and the VAT payments received by Italian FleetCo from the lease of Vehicles by Italian FleetCo to Avis Italian Opco which Italian FleetCo is required to pay to Avis Italian Opco pursuant to clause&#160;6(b) of the Italian VAT Sharing Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Dutch FleetCo in relation to its Vehicle Fleet in The Netherlands, the amount of all: </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT Loan Advances made to Dutch FleetCo; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT payments received by Dutch FleetCo from the sale or disposal of Vehicles by Dutch FleetCo and the VAT payments received by Dutch FleetCo from the lease of Vehicles by Dutch FleetCo to Dutch Opco; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch VAT Refunds;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Dutch FleetCo in relation to its Vehicle Fleet in Germany, the amounts received by Dutch FleetCo from the Vehicle Manufacturers and Vehicle Dealers representing: </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the positive difference between amount of the Vehicle Manufacturer Repurchase Price (excluding VAT) and the Net Book Value with respect to the </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">50</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:90px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">Vehicles for which the Vehicle Manufacturer Repurchase Price is paid pursuant to clause&#160;6.3 and/or clause&#160;6.5 of the Master German Fleet Purchase Agreement; </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT Amount; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Third Party Purchase Price VAT Amount; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amounts standing to the credit of the VAT Component and Charge Costs Component Trust Account;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the amount standing to the credit of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each FleetCo Reserve Account (if any) in such Country;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of Dutch FleetCo in Germany), its provisioned items ledger and its Excluded Payments Ledger;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of Dutch FleetCo in The Netherlands), its provisioned items ledger and its Excluded Payments Ledger;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of Dutch FleetCo in Spain), its provisioned items ledger and its Excluded Payments Ledger; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of French FleetCo in France), its provisioned items ledger and its Excluded Payments Ledger; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of Italian FleetCo in Italy), its provisioned items ledger and its Excluded Payments Ledger.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Expected Maturity Date</font><font style="font-family:Arial;font-size:10pt;">" means the Expected Maturity Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Facility Agreements</font><font style="font-family:Arial;font-size:10pt;">" means each of the FleetCo German Facility Agreement, the FleetCo Italian Facility Agreement, the FleetCo Dutch Facility Agreement, the FleetCo French Facility Agreement and the FleetCo Spanish Facility Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Advance</font><font style="font-family:Arial;font-size:10pt;">" means each advance made by the French Intermediary Bank to French FleetCo under the FleetCo French Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Advance Receivables</font><font style="font-family:Arial;font-size:10pt;">" means each and any receivable of the French Intermediary Bank towards the French FleetCo (whether existing (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cr&#233;ances</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">n&#233;e</font><font style="font-family:Arial;font-size:10pt;">), future (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cr&#233;ances</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">futures</font><font style="font-family:Arial;font-size:10pt;">) or conditional (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cr&#233;ances conditionnelles</font><font style="font-family:Arial;font-size:10pt;">) in respect of the FleetCo French Advance(s) drawn down, or to be drawn down, by the French FleetCo under the FleetCo French Facility Agreement, subject to, and in accordance with, the relevant terms of the FleetCo French Facility Agreement, including any and all interest accrued thereon. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo French Advances under the FleetCo French Facility Agreement;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">51</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Italian Advances under the FleetCo Italian Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo French Advances under the FleetCo French Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch or its replacement or successor as appointed under the FleetCo Back-up Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" means a facility agreement between French FleetCo and the French Intermediary Bank, the proceeds of which French FleetCo will use to, among other things, purchase vehicles to comprise its French fleet.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Facility Security</font><font style="font-family:Arial;font-size:10pt;">" means the FleetCo French Related Security granted by French FleetCo in favour of the French Intermediary Bank as a security for the timely payment of any amount due under the FleetCo French Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Fee and Indemnity Receivables</font><font style="font-family:Arial;font-size:10pt;">" means each and any receivable of the French Intermediary Bank towards the French FleetCo, whether existing (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cr&#233;ances</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">n&#233;e</font><font style="font-family:Arial;font-size:10pt;">), future (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cr&#233;ances</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">futures</font><font style="font-family:Arial;font-size:10pt;">) or conditional (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cr&#233;ances conditionnelles</font><font style="font-family:Arial;font-size:10pt;">) which has arisen or will arise from the FleetCo French Facility Agreement and which does not characterise as a FleetCo French Advance Receivable. For the avoidance of doubt, any such receivable shall consist in particular of: (i)&#160;any taxes provided for in clause&#160;7 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Tax Gross-up</font><font style="font-family:Arial;font-size:10pt;">), clause&#160;8 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Tax</font><font style="font-family:Arial;font-size:10pt;">); (ii)&#160;any indemnities (including currency indemnities) provided for in clause&#160;11 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Borrower's Indemnities</font><font style="font-family:Arial;font-size:10pt;">) in each case of the FleetCo French Facility Agreement; and (iii)&#160;any indemnities, taxes, costs and increased payments provided for in clause&#160;10 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Fees, Costs and Expenses</font><font style="font-family:Arial;font-size:10pt;">) of the FleetCo French Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Loan Receivables</font><font style="font-family:Arial;font-size:10pt;">" means together the FleetCo French Advance Receivables and the FleetCo French Fee and Indemnity Receivables.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Related Security</font><font style="font-family:Arial;font-size:10pt;">" means, in respect to the French Transaction Documents and English Transaction Documents to which the French FleetCo is a party, any security granted or to be granted from time to time by the French FleetCo in favour of the French FleetCo Secured Creditors pursuant to the relevant terms of the FleetCo French Security Documents.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Secured Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of French FleetCo, all present and future moneys, debts and liabilities due, owing or incurred by French FleetCo to the French FleetCo Secured Creditors on any current or other account or otherwise in any manner whatsoever, including under or in connection with any:</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">52</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">French Transaction Document to which French FleetCo is a party; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">English Transaction Document to which French FleetCo is a party,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo French Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Vehicle Pledge Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Third Party Holding Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Receivables Security Assignment Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Business Charge Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Bank Account Pledge Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Share Pledge Agreement (French Opco); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Share Pledge Agreement (Golden Shareholder).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo German Advance</font><font style="font-family:Arial;font-size:10pt;">" means each advance made by the Issuer to Dutch FleetCo under the FleetCo German Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo German Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo French Advances under the FleetCo French Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Italian Advances under the FleetCo Italian Facility Agreement, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo German Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch and any successor or replacement thereof appointed under the FleetCo Back-up Cash Management Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">53</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo German Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" means a facility agreement between Dutch FleetCo and the Issuer, the proceeds of which Dutch FleetCo will use to, among other things, purchase vehicles to comprise its German fleet from German Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo German Secured Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Dutch FleetCo, all present and future moneys, debts and liabilities due, owing or incurred by Dutch FleetCo to the German FleetCo Secured Creditors in any manner whatsoever, including on any current or other account or otherwise, including under or in connection with any:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">German Transaction Document to which Dutch FleetCo is a party; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#32;(subject to clauses&#160;2.1(xxxiv) and&#160;(xxxv) hereof) English Transaction Document to which Dutch FleetCo is a party; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Dutch Transaction Document to which Dutch FleetCo is a party,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo German Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Account Pledge Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Receivables Assignment Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Security Transfer Agreement. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Holdings</font><font style="font-family:Arial;font-size:10pt;">" means CarFin Finance Holdings DAC, incorporated in Ireland with registered number 463657 and having its registered office at 1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;Floor, 1-2 Victoria Buildings, Haddington Road, Dublin 4, Ireland.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Holdings Corporate Services Provider</font><font style="font-family:Arial;font-size:10pt;">" means Intertrust Finance Management (Ireland) Limited or any successor or replacement thereof appointed under the Issuer and FleetCo Holdings Corporate Services Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Individual Advance Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required and in respect of a FleetCo Advance, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the total principal amount made available under such FleetCo Advance on its FleetCo Advance Drawdown Date; to</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of the principal amount made available under all outstanding FleetCo Advances that have the same FleetCo Advance Drawdown Date and the same FleetCo Advance Repayment Date as such FleetCo Advance,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Italian Advance</font><font style="font-family:Arial;font-size:10pt;">" means each advance made by the Issuer to Italian FleetCo under the FleetCo Italian Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Italian Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Italian Advances under the FleetCo Italian Facility Agreement;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">54</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Italian Advances under the FleetCo Italian Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo French Advances under the FleetCo French Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch or its replacement or successor as appointed under the FleetCo Back-up Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Italian Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" means a facility agreement between Italian FleetCo and the Issuer, the proceeds of which Italian FleetCo will use to, among other things, purchase vehicles to comprise its Italian fleet.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Italian Facility Agreement Purchase Option</font><font style="font-family:Arial;font-size:10pt;">" means the option granted by the Issuer to Finco under clause&#160;15.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Option</font><font style="font-family:Arial;font-size:10pt;">) of the FleetCo Italian Facility Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Italian Secured Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Italian FleetCo, all present and future moneys, debts and liabilities due, owing or incurred by Italian FleetCo to the Italian FleetCo Secured Creditors on any current or other account or otherwise in any manner whatsoever, including under or in connection with any:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Italian Transaction Document to which Italian FleetCo is a party; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">English Transaction Document to which Italian FleetCo is a party,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise. For the purposes of "FleetCo Italian Secured Liabilities", each of the Italian FleetCo Secured Creditors acknowledges that all present and future moneys, debts and liabilities due, owing or incurred by Italian FleetCo under or in connection with the FleetCo Italian Facility Agreement shall be limited to 95&#160;per cent. of the total aggregate amount of the FleetCo Advances made available under the FleetCo Italian Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Italian Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Share Pledge; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Security Deed.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">55</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Payment Date</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Payment Date, save that if Senior Advances are to be repaid by the Issuer using proceeds received by the Issuer from FleetCo Advances, the FleetCo Payment Date in respect of such repayment of FleetCo Advances shall be one Business Day before the Issuer Payment Date, if such FleetCo Payment Date is not a Business Day in Spain, Germany, The Netherlands, France or Italy (as applicable to the relevant FleetCo Facility Agreement).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Post-Enforcement Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch FleetCo German Post-Enforcement Priority of Payments, the Dutch FleetCo Spanish Post-Enforcement Priority of Payments, the Dutch FleetCo Dutch Post-Enforcement Priorities of Payments, the French FleetCo Post-Enforcement Priority of Payments and the Italian FleetCo Post-Enforcement Priority of Payments.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Pre-Enforcement Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch FleetCo German Pre-Enforcement Priority of Payments, the Dutch FleetCo Dutch Pre-Enforcement Priority of Payments, the Dutch FleetCo Spanish Pre-Enforcement Priority of Payments, the French FleetCo Pre-Enforcement Priority of Payments and the Italian FleetCo Pre-Enforcement Priority of Payments (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the FleetCo Pre-Enforcement Priorities of Payments and the FleetCo Post-Enforcement Priorities of Payments.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Profit Margin</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a FleetCo in each Country on a Lease Determination Date, </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;or such other amount in respect of such Lease Determination Date as may be agreed from time to time between (i)&#160;such FleetCo in such Country, (ii)&#160;its Related Opco as representing an arm's length profit for the activities undertaken by such FleetCo in such Country, and (iii)&#160;if such FleetCo Profit Margin exceeds </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">, the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Repeating Representations</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each FleetCo, the representations and warranties of such FleetCo set out in the Framework Agreement, save for the representations and the warranties in the following clauses in the Framework Agreement:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.3 (Independent Director);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.4 (Centre of Main Interests and no establishment);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.5 (Taxes);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.6 (No Subsidiaries, Employees or Premises);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clauses&#160;3.3.11(i)(a) and 3.3.11(iii)(a) (Financial Statements);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.18 (Consents);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.23 (Execution);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.27(ii) (FleetCo Security);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.28 (Compliance with Relevant Transaction Documents);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.31 (Filings);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.32 (Consents);</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">56</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.34 (Taxes &#8211; Transaction Documents);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.39 (Compliance with Country Asset Value Test); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.40 (Negotiation Guidelines and Vehicle Purchasing Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clauses&#160;3.3.41(i) and (ii) (Spain specific representations and warranties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.3.43(i) (The Netherlands specific representations and warranties).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Reserve Account</font><font style="font-family:Arial;font-size:10pt;">" means, as applicable:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo German Reserve Account (if any);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Spanish Reserve Account (if any);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Reserve Account (if any);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French FleetCo Reserve Account (if any); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Reserve Account (if any).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Secured Creditors</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Spanish FleetCo Secured Creditors;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German FleetCo Secured Creditors;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Secured Creditors;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French FleetCo Secured Creditors; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Secured Creditors.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Secured Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Spanish Secured Liabilities;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo German Secured Liabilities; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Dutch Secured Liabilities;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo French Secured Liabilities; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Italian Secured Liabilities.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Secured Property</font><font style="font-family:Arial;font-size:10pt;">" means the assets from time to time subject, or expressed to be subject, to the FleetCo Security or any part of those assets.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Security</font><font style="font-family:Arial;font-size:10pt;">" means all or any of the Security Interests created or expressed to be created from time to time constituted by or pursuant to, or evidenced by, the FleetCo Security Documents. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Security Agent</font><font style="font-family:Arial;font-size:10pt;">" means Cr&#233;dit Agricole Corporate and Investment Bank or the replacement or successor entity appointed as security agent and/or trustee on behalf of itself and the FleetCo Secured Creditors.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Dutch Security Documents;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">57</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo German Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo French Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Italian Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Spanish Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Dutch Security Documents</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each FleetCo Security Power of Attorney;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each FleetCo Deed of Charge; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Lessor Power of Attorney; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other document designated by the FleetCo Security Agent as a FleetCo Security Document.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Security Powers of Attorney</font><font style="font-family:Arial;font-size:10pt;">" means: (i)&#160;the power of attorney granted by Dutch FleetCo to the FleetCo Security Agent pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) of the German FleetCo Deed of Charge and substantially in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of FleetCo Security Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) to the German FleetCo Deed of Charge; (ii)&#160;the power of attorney granted by Dutch FleetCo to the FleetCo Security Agent pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) of the Dutch FleetCo Deed of Charge and substantially in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of FleetCo Security Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) to the Dutch FleetCo Deed of Charge; (iii)&#160;the power of attorney granted by Dutch FleetCo, Spanish Branch to the FleetCo Security Agent pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) of the Spanish FleetCo Deed of Charge and substantially in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of FleetCo Security Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) to the Spanish FleetCo Deed of Charge; (iv)&#160;the power of attorney granted by French FleetCo to the FleetCo Security Agent pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) of the French FleetCo Deed of Charge and substantially in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of FleetCo Security Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) to the French FleetCo Deed of Charge; and (v)&#160;the power of attorney granted by Italian FleetCo to the FleetCo Security Agent pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) of the Italian FleetCo Deed of Charge and substantially in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of FleetCo Security Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) to the Italian FleetCo Deed of Charge.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Servicers</font><font style="font-family:Arial;font-size:10pt;">" means the Spanish Servicer, each of the Italian Servicers, the French Servicer and the Central Servicer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Spanish Advance</font><font style="font-family:Arial;font-size:10pt;">" means each advance made by the Issuer to Dutch FleetCo, Spanish Branch under the FleetCo Spanish Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Spanish Advances Proportion</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the ratio of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement; </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo German Advances under the FleetCo German Facility Agreement;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">58</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Spanish Advances under the FleetCo Spanish Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Dutch Advances under the FleetCo Dutch Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo French Advances under the FleetCo French Facility Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate outstanding FleetCo Italian Advances under the FleetCo Italian Facility Agreement, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such ratio expressed as a percentage.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Spanish Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank, London Branch and any replacement or successor thereof appointed under the FleetCo Back-up Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Spanish Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" means a facility agreement between Dutch FleetCo and the Issuer, the proceeds of which will be used, among other things, to purchase vehicles to comprise its Spanish fleet from manufacturers and dealers.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Spanish Secured Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Dutch FleetCo, Spanish Branch, all present and future moneys, debts and liabilities due, owing or incurred by Dutch FleetCo, Spanish Branch to the Spanish FleetCo Secured Creditors in any manner whatsoever, including on any current or other account or otherwise, including under or in connection with any:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Spanish Transaction Document to which Dutch FleetCo, Spanish Branch is a party; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">English Transaction Document to which Dutch FleetCo, Spanish Branch is a party,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Spanish Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Public Deed of Pledge over Vehicles;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Third Party Holding Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VAT receivables pledge in respect of Dutch FleetCo's activities in Spain;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the pledge in respect of credit right under the Spanish Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the pledge in respect of Spanish law governed receivables under the Vehicle Manufacturer Buy-Back Agreements and Vehicle Dealer Buy-Back Agreements to which Dutch FleetCo is a party;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the pledge over the bank accounts of Dutch FleetCo in Spain; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the irrevocable power of attorney granted by Dutch FleetCo, Spanish Branch to the FleetCo Security Agent.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">59</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Total Borrowed Amount</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a FleetCo on a Lease Determination Date, the aggregate principal amount outstanding on the last day of the Related Month under the relevant FleetCo Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a FleetCo, the following documents to which such FleetCo is a party (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Funds Flow Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Framework Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master Definitions Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Tax Deed of Covenant;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Spanish Facility Agreement (in respect of Dutch FleetCo);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo German Facility Agreement (in respect of Dutch FleetCo);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Dutch Facility Agreement (in respect of Dutch FleetCo);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo French Facility Agreement (in respect of French FleetCo);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Italian Facility Agreement (in respect of Italian FleetCo);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Back-up Cash Management Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Liquidation Agency Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Central Servicing Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Parent Performance Guarantee;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Finco Payment Guarantee;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Operating Documents; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Security Documents; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch FleetCo Management Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Spain TRO Power of Attorney; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all documents approved by the FleetCo Security Agent and the Transaction Agent and entered into by such FleetCo related to or in connection with the documents above.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fleet Payables Amount</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Country, an amount equal to the aggregate amount of any amounts due by the relevant FleetCo in such Country to Vehicle Manufacturers and/or Vehicle Dealers (excluding any amount in respect of VAT related thereto) and remaining outstanding at the relevant Calculation Date or (as applicable) each Intra-Month Cut-Off Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fleet Plan</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each Country, the projected Vehicle Fleet purchase and Borrower Vehicle Fleet NBV</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">in the immediately following financial year of the relevant FleetCo. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Fleet Report</font><font style="font-family:Arial;font-size:10pt;">" means the data report (in Computer Readable Form) provided on a Vehicle-by-Vehicle basis, containing data relating to the FleetCo's various Vehicles in the form as set out in part&#160;A and part&#160;B of schedule&#160;9 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Fleet Report</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement and, if amended, in form and substance satisfactory to the Transaction Agent. </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">60</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Floating Charge</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the floating charge created by clause&#160;3.4 (Floating Charge) of the Issuer Deed of Charge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the floating charge created by clause&#160;3.3 (Floating Charge) of the Spanish FleetCo Deed of Charge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the floating charge created by clause&#160;3.3 (Floating Charge) of the German FleetCo Deed of Charge; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the floating charge created by clause&#160;3.3 (Floating Charge) of the Dutch FleetCo Deed of Charge; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the floating charge created by clause&#160;3.3 (Floating Charge) of the French FleetCo Deed of Charge; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the floating charge created by clause&#160;3.3 (Floating Charge) of the Italian FleetCo Deed of Charge.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Force Majeure Event</font><font style="font-family:Arial;font-size:10pt;">" means an event beyond the reasonable control of the person affected including strike, lock-out, labour dispute, act of God, war, riot, civil commotion, malicious damage, accident, breakdown of plant or machinery, computer software, hardware or system failure, fire, flood and/or storm and other circumstances affecting the supply of goods or services.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Framework Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement setting out the common terms applicable to the transaction dated 5&#160;March 2013 as amended, restated, modified, supplemented or waived from time to time and entered into by, among others, the FleetCos, the Issuer, the FleetCo Security Agent, the Issuer Security Trustee and the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">France Repayment Option</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a TRO Default, the Country Repayment Option applicable to Finco, as more particularly set out in clause&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Country Repayment Option</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Accession Date</font><font style="font-family:Arial;font-size:10pt;">" means 21&#160;May 2014.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement to appoint the French</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">FleetCo Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;4.1.1 of the French</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Bank Account Pledge Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the French law bank account pledge agreement (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">nantissement de comptes bancaires</font><font style="font-family:Arial;font-size:10pt;">) between French FleetCo as pledger and the French FleetCo Secured Creditors as pledgees.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Bank Accounts</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French FleetCo Transaction Account; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French FleetCo Reserve Account (if any); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Additional Accounts opened and maintained in accordance with the French Account Bank Agreement.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">61</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Business Charge Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the business charge (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">nantissement de fonds de commerce</font><font style="font-family:Arial;font-size:10pt;">) between French FleetCo as chargor and the French FleetCo Secured Creditors as beneficiaries.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo</font><font style="font-family:Arial;font-size:10pt;">" means AB FleetCo which, among other things, holds title to or holds possession of the Vehicle Fleet in France.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Account Bank</font><font style="font-family:Arial;font-size:10pt;">" means the entity appointed as account bank under the French</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Deed of Charge</font><font style="font-family:Arial;font-size:10pt;">" means the English law deed of charge pursuant to which, among other things, French FleetCo assigns, pledges and otherwise creates security over all its rights and interests in and to each of the English Transaction Documents to which it is a party in favour of the FleetCo Security Agent. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;E (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">French FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;E (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">French FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Reserve Account</font><font style="font-family:Arial;font-size:10pt;">" means the reserve account in France in the name of French FleetCo and which may, from time to time, be opened and maintained with the French FleetCo Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Secured Creditors</font><font style="font-family:Arial;font-size:10pt;">" means (i)&#160;the French Intermediary Bank and, upon assignment of the FleetCo French Advances to the FCT pursuant to clause&#160;14.3 of the FleetCo French Facility Agreement, the FCT and (ii)&#160;the French FleetCo Account Bank, the French FleetCo Account Bank Operator, the FleetCo French Back-up Cash Manager, the French Servicer, the Central Servicer and the FleetCo Security Agent (including any Receiver or Appointee thereof).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Secured Property</font><font style="font-family:Arial;font-size:10pt;">" means the assets from time to time secured by the FleetCo French Security Documents.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Share Pledge</font><font style="font-family:Arial;font-size:10pt;">" means the pledge of all the shares in French FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Transaction Account</font><font style="font-family:Arial;font-size:10pt;">" means the bank account in France in the name of French FleetCo with account number&#160;10511633000.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French GAAP</font><font style="font-family:Arial;font-size:10pt;">" means the accounting principles established pursuant to the French </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Code de commerce</font><font style="font-family:Arial;font-size:10pt;">&#32;and the </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Plan Comptable G&#233;n&#233;ral</font><font style="font-family:Arial;font-size:10pt;">, both as amended and supplemented from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Intermediary Bank</font><font style="font-family:Arial;font-size:10pt;">" means Cr&#233;dit Agricole Corporate and Investment Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Master Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, the master lease agreement dated on or about the date hereof entered into by, amongst others, French FleetCo and French Opco.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">62</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Opco</font><font style="font-family:Arial;font-size:10pt;">" means Avis Location de Voitures SAS.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Opco Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an Event of Default in respect of French Opco as the Relevant Person. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Receivables Security Assignment Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the French receivables security assignment agreement (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cession de cr&#233;ances professionnelles "Dailly" &#224; titre de garantie</font><font style="font-family:Arial;font-size:10pt;">) between French FleetCo as assignor and the French Intermediary Bank and the FCT as assignees.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Servicer</font><font style="font-family:Arial;font-size:10pt;">" means French Opco which is to provide transaction management services to French FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Servicing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the servicing and cash management agreement between, among others, French FleetCo and French Opco in respect of French FleetCo's operations in France.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Share Pledge Agreement (French Opco)</font><font style="font-family:Arial;font-size:10pt;">" means the French share pledge agreement (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">nantissement de comptes-titres</font><font style="font-family:Arial;font-size:10pt;">) pursuant to which French Opco grants security over its shares in French FleetCo in favour of the French FleetCo Secured Creditors.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Share Pledge Agreement (Golden Shareholder)</font><font style="font-family:Arial;font-size:10pt;">" means the French share pledge agreement (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">nantissement de comptes-titres</font><font style="font-family:Arial;font-size:10pt;">) pursuant to which the Golden Shareholder grants security over its shares in French FleetCo in favour of the French FleetCo Secured Creditors.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Third Party Holder</font><font style="font-family:Arial;font-size:10pt;">" means French Opco in its capacity as third party holder under the French Third Party Holding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Third Party Holding Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the French third party holding agreement (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">convention d'entiercement</font><font style="font-family:Arial;font-size:10pt;">) pursuant to which French Opco will act as third party holder of French FleetCo's pledged Vehicles on behalf of the French FleetCo Secured Creditors.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof): </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo French Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Account Mandate;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Servicing Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo French Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FCT Transaction Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Golden Share Put and Call Option Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other Transaction Documents expressed to be governed by French law and designated as a "French Transaction Document" by the Transaction Agent and French FleetCo.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">63</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Vehicle Documents</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Vehicles in France, the keys and spare keys to the Vehicles, the property certificate and the registration and technical documents regarding the Vehicles.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Vehicle Pledge Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the French vehicle pledge agreement (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">gage avec d&#233;possession sur v&#233;hicules automobiles) </font><font style="font-family:Arial;font-size:10pt;">between French FleetCo as pledger and the French FleetCo Secured Creditors as pledgees.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FSMA</font><font style="font-family:Arial;font-size:10pt;">" means Financial Services and Markets Act 2000.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Funds Flow Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the funds flow agreement dated 20&#160;March 2013 between, among others, the Issuer, the Issuer Cash Manager and the FleetCos in respect of the cash flow on or about the Initial Funding Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Further Senior Notes</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;4.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issue of Further Senior Notes</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">GAAP</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to any Opco (other than German Opco), Finco, Avis Europe or the Issuer, generally accepted accounting principles, standards and practices in the jurisdiction of incorporation of that entity;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to Italian FleetCo, Italian GAAP;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to Dutch FleetCo, Spanish Branch, Spanish GAAP; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to Dutch FleetCo's Vehicle Fleet in Germany, German GAAP;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to Dutch FleetCo's Vehicle Fleet in The Netherlands, Dutch GAAP;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to French FleetCo, French GAAP; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to German Opco, German GAAP.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement pursuant to which Dutch FleetCo appoints the Dutch FleetCo German Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;4.1.1 of the German Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Account Pledge Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the German law governed agreement between, among others, Dutch FleetCo and the FleetCo Security Agent in respect of the German law pledge (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Pfandrecht</font><font style="font-family:Arial;font-size:10pt;">) in respect of the Dutch FleetCo German Bank Accounts.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Base Rent</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to all Vehicles which are leased to a Lessee under the Master German Fleet Lease Agreement on any day during the Related Month or, as the case may be, Related Months where such Related Months occur prior to a Lease Payment Date following the Lease Determination Date in respect of any Lease Payment Date, the sum of the Depreciation Charges that have accrued with respect to each such Vehicle during the Related Month or, as the case may be, Related Months, as determined in accordance with the terms of such Master German Fleet Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Custodian</font><font style="font-family:Arial;font-size:10pt;">" means DAD Deutscher Auto Dienst GmBH. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Custody Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the German law governed custody agreement in respect of the custody of the German Vehicle Certificates and evidence in relation to the </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">64</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicle Fleet in Germany of Dutch FleetCo and entered into between German Opco, Dutch FleetCo, the FleetCo Security Agent and the German Custodian.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German FleetCo Deed of Charge</font><font style="font-family:Arial;font-size:10pt;">" means the English law deed of charge pursuant to which, among other things, Dutch FleetCo assigns, pledges and otherwise creates security over all its rights and interests in and to each of the English Transaction Documents to which it is a party in favour of the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German FleetCo Secured Creditors</font><font style="font-family:Arial;font-size:10pt;">" means the Dutch FleetCo German Account Bank, the Dutch FleetCo German Account Bank Operator, the FleetCo German Back-up Cash Manager, and, with respect to obligations incurred by Dutch FleetCo acting with respect to its Vehicle Fleet purchased from German Opco, the Central Servicer, the Liquidation Agent, the FleetCo Security Agent (including any Receiver or Appointee thereof) and the Issuer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German GAAP</font><font style="font-family:Arial;font-size:10pt;">" means the accounting principles established pursuant to the German Commercial Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Handelsgesetzbuch</font><font style="font-family:Arial;font-size:10pt;">).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Opco</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget Autovermietung GmbH &amp; Co. KG.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Opco Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an Event of Default in respect of German Opco as the Relevant Person.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Opco Existing Fleet Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means each Eligible Vehicle (i)&#160;in respect of which German Opco has paid the Initial Purchase Price in full to the relevant Vehicle Manufacturer or Vehicle Dealer prior to the date of the Master German Fleet Purchase Agreement and (ii)&#160;which German Opco owns prior to the date of the Master German Fleet Purchase Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Parallel Debt</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;16 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Parallel Debt</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Receivables Assignment Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the German law governed agreement between, among others, Dutch FleetCo and the FleetCo Security Agent in respect of the security assignment (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Sicherungsabtretung</font><font style="font-family:Arial;font-size:10pt;">) in respect of German law governed receivables.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Security Transfer Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the German law governed agreement between, among others, Dutch FleetCo and the FleetCo Security Agent in respect of the transfer of title for security purposes (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Sicherungs&#252;bereignung</font><font style="font-family:Arial;font-size:10pt;">) of the German Vehicle Fleet.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo German Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Custody Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Trust Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master German Fleet Purchase Agreement (to the extent governed by German law); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other Transaction Document approved by the FleetCo Security Agent and the Transaction Agent and expressed to be governed by German law.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">65</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Trust Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the German law governed agreement between, among others, German Opco and Dutch FleetCo, in respect of the VAT Component and the Charge Costs Component in respect of Vehicles purchased in Germany and VAT Component and Charge Costs Component Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Vehicle Certificates</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Vehicles in Germany in relation to which an Individual Purchase and Lease Agreement has been concluded, the registration documents regarding such vehicles (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Zulassungsbescheinigungen Teil II (formerly known as Fahrzeugbriefe)</font><font style="font-family:Arial;font-size:10pt;">) and certificates of conformity (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">EU-Konformit&#228;tserkl&#228;rungen</font><font style="font-family:Arial;font-size:10pt;">). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Vehicle Documents</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Vehicles in Germany, the keys and spare keys to the Vehicles, the German Vehicle Certificates and the certificates of conformity (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">EU-Konformit&#228;tserkl&#228;rungen</font><font style="font-family:Arial;font-size:10pt;">).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Golden Share Funding Agreement Purchase Option</font><font style="font-family:Arial;font-size:10pt;">" means the call option granted by FleetCo Holdings to French Opco under clause&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Call</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Option</font><font style="font-family:Arial;font-size:10pt;">) or the put option granted by French Opco to the FleetCo Holdings under clause&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Put Option</font><font style="font-family:Arial;font-size:10pt;">) as appropriate of the Golden Share Put and Call Option Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Golden Share Put and Call Option Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the put and call option agreement entered into between FleetCo Holdings and French Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Golden Shareholder</font><font style="font-family:Arial;font-size:10pt;">" means FleetCo Holdings.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Golden Shareholder Letter of Undertakings</font><font style="font-family:Arial;font-size:10pt;">" means the undertakings letter in relation to French FleetCo entered into by the Golden Shareholder.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Governmental Authority</font><font style="font-family:Arial;font-size:10pt;">" means any entity, governmental, semi-governmental, administrative, fiscal, judicial or quasi-judicial body, department, commission, authority, tribunal or agency, exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Holding Company</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Immediately Following Settlement Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of any day, the next Settlement Date falling after such day.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Imperative Principles</font><font style="font-family:Arial;font-size:10pt;">" means those principles indicated as being "Imperative" in, as applicable, schedule&#160;2 to each Italian Servicing Agreement, schedule&#160;6 to the French Master Lease Agreement and schedule 2 to the Spanish Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Increased Cost</font><font style="font-family:Arial;font-size:10pt;">" means, without double counting:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a reduction in the rate of return from the Issuer Note Issuance Facility Agreement or on a Senior Noteholder's (or an Affiliate's) overall capital or from the VFN Funding Agreement or on an FCT Noteholder's (or an Affiliates) overall capital (as applicable);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an additional or increased cost; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a reduction of any amount due and payable under any Issuer Transaction Document or any FCT Transaction Document (as applicable),</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which is incurred or suffered by a Senior Noteholder or FCT Noteholder (as applicable) or any of their Affiliates to the extent that it is attributable to that Senior Noteholder or FCT </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">66</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Noteholder (as applicable) having entered into the relevant Senior Noteholder Fee Letter or pursuant to the VFN Funding Agreement or funding or performing its obligations under any Issuer Transaction Document or FCT Transaction Document (as applicable). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Independent Director</font><font style="font-family:Arial;font-size:10pt;">" means a duly appointed member of the board of directors of the Issuer who has not been, at the time of such appointment, or at any time in the preceding five years prior to such appointment (i)&#160;a direct or indirect legal or beneficial owner of the shares of the Issuer or any member of the Avis Group (ii)&#160;a director or employee of any member of the Avis Group (other than FleetCos) or the creditors of the Issuer (other than the Corporate Services Providers).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Individual Purchase and Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to such term in relation to the Vehicle Fleet in Germany under clause&#160;3.4 of the Master German Fleet Purchase Agreement or in relation to the Vehicle Fleet in The Netherlands under clause&#160;3.4 of the Master Dutch Fleet Purchase Agreement (as applicable). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Individual Repurchase and Lease Termination Agreement</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to such term in relation to the Vehicle Fleet in Germany under clause&#160;5.6 of the Master German Fleet Purchase Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Information Date</font><font style="font-family:Arial;font-size:10pt;">" means the date falling 4&#160;Business Days before a Settlement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">INIFA</font><font style="font-family:Arial;font-size:10pt;">" or "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Note Issuance Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Note Issuance Facility Agreement to be entered into between, among others, the Issuer, the Issuer Security Trustee and the Senior Noteholders pursuant to which the Senior Noteholders makes advances to the Issuer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Commitment</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to an Initial Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Conduit Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" means any Conduit Senior Noteholder which is a party to the Issuer Note Issuance Facility Agreement and which is a Senior Noteholder on the Initial Funding Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Funding Date</font><font style="font-family:Arial;font-size:10pt;">" means 20&#160;March 2013.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Dutch Funding Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of the first FleetCo Advance under the FleetCo Dutch Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial French Funding Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of the first FleetCo Advance under the FleetCo French Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial VFN Funding Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of the first VFN Advance under the VFN Funding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Maggiore Funding Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of the first FleetCo Advance under the FleetCo Italian Facility Agreement with respect to the purchase of any Maggiore Vehicles.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Principal Amount</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Senior Note, the initial principal amount attributable to such Senior Note upon issue and which is to be set out in the Register and, in respect of a Variable Funding Note, the initial principal amount attributable to such Variable Funding Note upon issue which is to be set out in the FCT Register.</font></div><div style="line-height:144%;padding-bottom:13px;text-align:justify;text-indent:28px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Purchase Price</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Vehicle in Germany, the purchase price or other consideration payable by German Opco to the Vehicle Manufacturer or Vehicle Dealer </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">67</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:144%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">for the purchase by German Opco of such Vehicle or, in relation to The Netherlands, the purchase price or other consideration payable by Dutch Opco to the Vehicle Manufacturer or Vehicle Dealer for the purchase by Dutch Opco of such Vehicle, as provided in the relevant Vehicle Manufacturer Agreement and Vehicle Dealer Agreement, excluding VAT and Charge Costs, and the "Initial Purchase Price" shall, for the avoidance of doubt, be equal to its Capitalised Cost.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Initial Senior Noteholders</font><font style="font-family:Arial;font-size:10pt;">" means the Senior Noteholders who are parties to the Issuer Note Issuance Facility Agreement dated the Signing Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">In-Service Date</font><font style="font-family:Arial;font-size:10pt;">" means (i)&#160;in relation to a Programme Vehicle, the date on which depreciation commences with regard to such Vehicle in accordance with the terms of the relevant Vehicle Dealer Buy-Back Agreement or Vehicle Manufacturer Buy-Back Agreement and (ii)&#160;in relation to a Non-Programme Vehicle, the date on which such Vehicle is first available to be placed in service under the terms of the relevant Master Lease Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Insolvency Event</font><font style="font-family:Arial;font-size:10pt;">" means any the following events occurring in respect of a Relevant Person:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Person is Insolvent; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Person is subject to Insolvency Proceedings.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Insolvency Official</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Relevant Person, a liquidator, provisional liquidator, administrator, examiner, administrative receiver, receiver or manager, compulsory or interim manager, nominee, supervisor, trustee, conservator, guardian or other similar officer (including (i)&#160;under German law, any </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzverwalter</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">vorl&#228;ufigen Insolvenzverwalter</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Sachwalter</font><font style="font-family:Arial;font-size:10pt;">&#32;or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">vorl&#228;ufigen Sachwalter</font><font style="font-family:Arial;font-size:10pt;">&#32;(ii)&#160;under Italian law, any </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">curatore fallimentare</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">commissario straordinario</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">commissario giudiziale</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">liquidatore giudiziale</font><font style="font-family:Arial;font-size:10pt;">&#32;or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">commissario liquidatore</font><font style="font-family:Arial;font-size:10pt;">, (iii)&#160;under Spanish law, any </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">administrador concursal</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">auxiliar delegado</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">administrador judicial</font><font style="font-family:Arial;font-size:10pt;">&#32;or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">liquidador</font><font style="font-family:Arial;font-size:10pt;">), under French law, any </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">mandataire ad hoc</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">conciliateur,</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">mandataire judiciaire, administrateur judiciaire</font><font style="font-family:Arial;font-size:10pt;">, or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">mandataire liquidateur</font><font style="font-family:Arial;font-size:10pt;">&#32;and (iv)&#160;under Dutch law, any </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">curator</font><font style="font-family:Arial;font-size:10pt;">&#32;or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">bewindvoerder</font><font style="font-family:Arial;font-size:10pt;">).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Insolvency Proceedings</font><font style="font-family:Arial;font-size:10pt;">" means the following events in respect of a Relevant Person:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(if such Relevant Person is Dutch FleetCo, Italian FleetCo, French FleetCo or the Issuer) reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise under any law relating to bankruptcy, insolvency, reorganisation, winding up or composition or adjustment of debts) of such Relevant Person; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any corporate action, legal proceedings or other procedure or steps is taken in relation to: </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(x)&#160;(in respect of Dutch FleetCo, Italian FleetCo, French FleetCo or the Issuer) bankruptcy, insolvency or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it bankrupt or insolvent, or seeking reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise), arrangement, adjustment, winding-up, liquidation, dissolution, suspension of payments, moratorium of any indebtedness, emergency regulations, composition, compromise, legal de-merger, declaration or other relief with respect to it or its debts, and (y)&#160;(in respect of any other person) emergency regulations, composition, compromise, legal de-merger, declaration or other relief with respect to it or its debts, in each </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">68</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:90px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">case, under any law relating to bankruptcy, insolvency, reorganisation, winding up or composition or adjustment of debts;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(if such Relevant Person is Dutch FleetCo, Italian FleetCo, French FleetCo or the Issuer) a composition, compromise, assignment or arrangement with any creditor of such Relevant Person, in each case under any law relating to bankruptcy, insolvency, reorganisation, winding up or composition or adjustment of debts;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(if such Relevant Person is Dutch FleetCo, Italian FleetCo, French FleetCo or the Issuer) any expropriation, attachment, sequestration, distress or execution affecting any asset or assets of such Relevant Person; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(if such Relevant Person is Dutch FleetCo, Italian FleetCo, French FleetCo or the Issuer) enforcement of any security over any assets of such Relevant Person; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Person resolves, or a meeting of such Relevant Person is convened for the purpose of considering any resolution, and (in respect of the Opcos and Finco only) such resolution is passed, for (or to petition or otherwise make application for) its winding-up, its examinership, its judicial administration, a moratorium of any of its indebtedness or to otherwise dissolve itself, or gives notice of its intention to do so or is otherwise wound up or dissolved; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any entity or person presents an application or petition (or the equivalent in any relevant jurisdiction) to a court for the winding-up, examinership (if applicable) or for the judicial administration or for the bankruptcy of such Relevant Person or a moratorium of any of its indebtedness or for any other relief under the relevant bankruptcy or insolvency law and this application or petition is not withdrawn by the applicant or otherwise set aside or rejected by the court or otherwise stayed (e.g. by way of deposits with a court or debt rescheduling or restructuring arrangements) within 10&#160;(ten) days if the Relevant Person is Italian FleetCo, French FleetCo, Dutch FleetCo or the Issuer or, in respect of other Relevant Persons, within 60&#160;(sixty) days; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Person takes any steps to obtain protection (including a moratorium) or is granted protection (including a moratorium) from its creditors in general under any law relating to bankruptcy, insolvency, reorganisation, winding up or composition or adjustment of debts; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an order is made for such Relevant Person to be wound up, liquidated, put into provisional liquidation, put into administration, examinership (if applicable) or dissolved (following a proceeding under applicable bankruptcy laws) or for a moratorium of any of such Relevant Person's indebtedness or for any procedure which is analogous or has a similar effect to such an order; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Insolvency Official is appointed (whether or not under a court order) in respect of such Relevant Person (or any substantial part of the assets of such person, if applicable) or the directors of such Relevant Person request such appointment or any application has been made or remains current for the appointment of the foregoing; or</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">69</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other insolvency proceedings are commenced against such Relevant Person, namely (as appropriate):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in Germany or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in Germany:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(A)&#160;&#160;&#160;&#160;the competent insolvency court (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzgericht</font><font style="font-family:Arial;font-size:10pt;">) orders:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:180px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">interim measures of protection in accordance with Section&#160;21 Para.&#160;1 Sentence&#160;1 and Para.&#160;2 of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzordnung</font><font style="font-family:Arial;font-size:10pt;">; in particular appoints a preliminary insolvency administrator (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">vorl&#228;ufiger Insolvenzverwalter</font><font style="font-family:Arial;font-size:10pt;">) in accordance with Section&#160;21 Para.&#160;1 Nos.&#160;1 and&#160;2 and Section&#160;22 of the German Insolvency Code); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:180px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the opening of main insolvency proceedings pursuant to Section&#160;27 of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Er&#246;ffnungsbeschluss</font><font style="font-family:Arial;font-size:10pt;">); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:180px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the dismissal of the petition to open insolvency proceedings due to the insufficient estate pursuant to Section&#160;26 of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Abweisung des Antrages auf Er&#246;ffnung des Insolvenzverfahrens mangels Masse</font><font style="font-family:Arial;font-size:10pt;">); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:132px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:89px;"><font style="font-family:Arial;font-size:10pt;">(B)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a petition for the opening of insolvency proceedings (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenztrag</font><font style="font-family:Arial;font-size:10pt;">) is filed and this petition is not withdrawn by the petitioner or otherwise set aside or rejected by the court or otherwise stayed (e.g. by way of deposits with a court, or debt rescheduling or restructuring arrangements) within 60&#160;(sixty) days; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in Italy or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in Italy, "fallimento", "concordato preventivo", "liquidazione coatta amministrativa" as set out under the Italian Bankruptcy Act, "accordo di ristrutturazione dei debiti" under article&#160;182-bis of the Italian Bankruptcy Act, "piano di risanamento attestato" under article&#160;67, paragraph&#160;3, letter d) of the Italian Bankruptcy Act, "amministrazione straordinaria delle grandi imprese in stato di insolvenza" as set out under either Legislative Decree&#160;8&#160;July&#160;1999, No.&#160;270 or Law Decree 23&#160;December&#160;2003, No.&#160;347 as converted, with amendments, into Law 18&#160;February&#160;2004, No.&#160;39; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in Spain or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in Spain, "concurso voluntario" or "concurso necesario", as set out under Law&#160;22/2003, of 9&#160;July;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in The Netherlands or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in The Netherlands, "ontbinding" or the competent insolvency court orders "faillissement", "surseance van betaling" or "noodregeling"; or</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">70</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in France or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in France, "mandat ad hoc", "proc&#233;dure de conciliation", "proc&#233;dure de sauvegarde", "proc&#233;dure de redressement judiciaire", "proc&#233;dure de liquidation judiciaire" as set out under "LIVRE&#160;VI" of the French Code de</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;commerce</font><font style="font-family:Arial;font-size:10pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">there occurs, in relation to such Relevant Person, in any jurisdiction to which it or any of its assets are subject, any event which has an effect equivalent or substantially similar to any of those mentioned in paragraphs&#160;(a) to&#160;(h) (inclusive) above, or any furtherance of, or acquiescence in, any of the acts above by such Relevant Person.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Insolvent</font><font style="font-family:Arial;font-size:10pt;">" means any of the following events occurring in respect of any entity:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Person is or is deemed or declared for the purposes of any law to be unable to pay its debts as they fall due or to be insolvent, including, without limitation:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any person who is resident in Germany or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in Germany, the legal representative of such person is required to file for the opening of insolvency proceedings pursuant to Section&#160;15a of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzordnung</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in Italy or who has its centre of main interests (as such term is used in Article 3(1) of the EU Insolvency Regulation) in Italy, any entity who is in "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">stato di insolvenza</font><font style="font-family:Arial;font-size:10pt;">" for the purpose of article&#160;5 of Royal Decree 16&#160;March 1942, n.&#160;267 (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Bankruptcy Act</font><font style="font-family:Arial;font-size:10pt;">"), article&#160;3 of Legislative Decree 8&#160;July 1999, No.&#160;270 or article&#160;4 of Law Decree 23&#160;December 2003, No.&#160;347 as converted, with amendments, into Law 18&#160;February 2004, No.&#160;39, or in "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">stato di crisi</font><font style="font-family:Arial;font-size:10pt;">" for the purpose of article&#160;160 of the Italian Bankruptcy Act;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in France or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in France, such person is in a position of suspension of payments (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">cessation des paiements</font><font style="font-family:Arial;font-size:10pt;">) within the meaning of L.631-1 of the French </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Code de commerce;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in Spain or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU Insolvency Regulation) in Spain, such person is unable to regularly satisfy its obligations as they fall due within the meaning of Article&#160;2.2 of Law&#160;22/2003, of 9&#160;July; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any entity who is resident in The Netherlands or who has its centre of main interests (as such term is used in Article&#160;3(1) of the EU&#160;Insolvency Regulation) in The Netherlands:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(A)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such person is unable to satisfy its obligations as they fall due within the meaning of Article&#160;1 of the Dutch Insolvency Act (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Faillissementswet</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">71</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(B)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such person expects to be unable to satisfy its obligations as they fall due within the meaning of Article&#160;214 of the Dutch Insolvency Act (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Faillissementswet</font><font style="font-family:Arial;font-size:10pt;">); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(C)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the interests of the joint creditors of such person require a special provision (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">bijzondere voorziening</font><font style="font-family:Arial;font-size:10pt;">) within the meaning of paragraph&#160;2 of Article&#160;3:160 of the Dutch Financial Supervision Act (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Wet op het financieel toezicht</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Person admits in writing its inability to pay its debts as they fall due or otherwise states it is insolvent;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Person suspends payment of its debts to creditors generally or announces its intention to do so;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of the Issuer or any other Relevant Person incorporated in Ireland or which has its Centre of Main Interest in Ireland, such Relevant Person is unable to pay its debts within the meaning of Sections&#160;509&#160;(3) or 570 of the Companies Act&#160;2014 of Ireland or otherwise is declared for the purposes of any law to be unable to pay its debts as they fall due or insolvent or such person admits its inability to pay its debts as they fall due; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Finco, Avis Europe or any other Relevant Person incorporated in England or Wales or which has its Centre of Main Interest in the United Kingdom, such Relevant Person is or becomes unable to pay its debts within the meaning of Section&#160;123 of the Insolvency Act or otherwise is deemed or declared for the purposes of any law to be, unable to pay its debts as they fall due or insolvent or such person admits its inability to pay its debts as they fall due.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Insurance Policies</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;23.5.1(b) of the Spanish Master Lease Agreement, clause 22.5.1(b) of each Italian Master Lease Agreement, clause&#160;22.5 of the Master Dutch Fleet Lease Agreement, clause&#160;23.5 of the French Master Lease Agreement and clause&#160;20.4.1(b) of the Master German Fleet Lease Agreement (as applicable). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Intellectual Property Rights</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means any patent, trade mark, service mark, registered design, trade name or copyright or any licence to use any of the same.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Interest Determination Date</font><font style="font-family:Arial;font-size:10pt;">" means the date falling 2&#160;TARGET Days prior to the relevant Settlement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Interest Period</font><font style="font-family:Arial;font-size:10pt;">" means the FleetCo Advance Interest Period, the VFN Advance Interest Period or the Senior Advance Interest Period, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Interest Rate</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Senior Advance, the per annum rate of interest expressed as a percentage for such Senior Advance for the relevant Interest Period equal to the aggregate of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mandatory Cost, if any; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Senior Advance Margin; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Subscriber's Cost of Funds.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">72</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Interim Fleet Financing Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" or "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">IFF</font><font style="font-family:Arial;font-size:10pt;">" means the &#8364;350,000,000 senior facility agreement dated 20&#160;October 2011 (as amended and restated on 5&#160;December 2011 and as further amended from time to time) between, among others, the Parent, the Company, the Original Borrowers, the Original Guarantors, the Senior Agent and the Security Agent (each as named and defined therein).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Intra-Month Central Servicer Report</font><font style="font-family:Arial;font-size:10pt;">" means the intra-month report substantially in the form set out in the Framework Agreement to be delivered by the Central Servicer to, among others, the Transaction Agent pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Provision of Information and Reports</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement and, if amended, amended with the prior consent of the Transaction Agent and the Central Servicer and in form and substance satisfactory to the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Intra-Month Cut-Off Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a proposed Senior Advance Drawdown Date or an Original FleetCo Advance Drawdown Date that does not fall on a Settlement Date, the date falling 2&#160;Business Days before the Intra-Month Reporting Date relevant to such Senior Advance Drawdown Date or such Original FleetCo Advance Drawdown Date (as the case may be). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Intra-Month Information Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a proposed Senior Advance Drawdown Date that does not fall on a Settlement Date, the date falling 3&#160;Business Days before such proposed Senior Advance Drawdown Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Intra-Month Interest Determination Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a proposed Senior Advance Drawdown Date or an Original FleetCo Advance Drawdown Date that does not fall on a Settlement Date, the date falling 2&#160;Business Days prior to such proposed Senior Advance Drawdown Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Intra-Month Reporting Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a proposed Senior Advance Drawdown Date or an Original FleetCo Advance Drawdown Date that does not fall on a Settlement Date, the date falling 4&#160;Business Days before such proposed Senior Advance Drawdown Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Non-Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means Non-Programme Vehicles purchased by the relevant FleetCo for each Country from Investment Grade Vehicle Manufacturers or, in the case of Germany and the Netherlands, by the relevant Opco from Investment Grade Vehicle Manufacturers and sold to Dutch FleetCo, provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicles whose Borrower Vehicle Fleet NBV exceed the Borrower Vehicle Fleet NBV of all Eligible Vehicles that comply with the Concentration Limits shall not be Vehicles for the purposes of "Investment Grade Non-Programme Vehicles"; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any such excess in Borrower Vehicle Fleet NBV is or has been allocated on a pro rata basis to the Borrower Vehicle Fleet NBV of Programme Vehicles and the Borrower Vehicle Fleet NBV of Non-Programme Vehicles in each Country.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means Programme Vehicles purchased by the relevant FleetCo for each Country from Investment Grade Vehicle Manufacturers or Vehicle Dealers or, in the case of Germany and the Netherlands, by the relevant Opco from Investment Grade Vehicle Manufacturers or Vehicle Dealers and sold to Dutch FleetCo, provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicles whose Borrower Vehicle Fleet NBV exceed the Borrower Vehicle Fleet NBV of all Eligible Vehicles that comply with the Concentration Limits shall not be Vehicles for the purposes of "Investment Grade Programme Vehicles";</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">73</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any such excess in Borrower Vehicle Fleet NBV is or has been allocated on a pro rata basis to the Borrower Vehicle Fleet NBV of Programme Vehicles and the Borrower Vehicle Fleet NBV of Non-Programme Vehicles in each Country; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">where the Programme Vehicle is purchased from a Vehicle Dealer, such Programme Vehicle is subject to a Vehicle Manufacturer Guarantee from an Investment Grade Vehicle Manufacturer.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Vehicle Manufacturer</font><font style="font-family:Arial;font-size:10pt;">" means any Vehicle Manufacturer which is a member of a Vehicle Manufacturer Group, the Vehicle Manufacturer Group Rating Entity of which is rated:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the related Vehicle Manufacturer Group Rating Entity has a Relevant DBRS Rating, at least "BBB(L)" by DBRS; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if the related Vehicle Manufacturer Group Rating Entity does not have a Relevant DBRS Rating, a DBRS Equivalent Rating of at least "BBB(L)". </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Vehicle Manufacturer Receivables</font><font style="font-family:Arial;font-size:10pt;">" means, at any time and in relation to any Country, Vehicle Manufacturer Receivables: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">owed by any Investment Grade Vehicle Manufacturer to the relevant FleetCo in such Country; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which relate to Vehicles to which such FleetCo holds title. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investor Report</font><font style="font-family:Arial;font-size:10pt;">" means the report to be delivered by the Transaction Agent to the Senior Noteholders on each monthly Information Date substantially in the form set out in schedule&#160;11&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Investor Report</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement and, if amended, in form and substance satisfactory to the Transaction Agent. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Invoices to be Received</font><font style="font-family:Arial;font-size:10pt;">" means the aggregate amount of all Capitalised Costs related to each Vehicle Fleet accounted for by (in respect of the Vehicle Fleet in Italy) Italian FleetCo, (in respect of the Vehicle Fleet in Germany) German Opco, (in respect of the Vehicle Fleet in France) French FleetCo, (in respect of the Vehicle Fleet in The Netherlands) Dutch Opco and (in respect of the Vehicle Fleet in Spain) Spanish Opco but for which the corresponding invoice has not yet been received from the relevant Vehicle Manufacturers and/or Vehicle Dealers.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Involuntary Insolvency Event</font><font style="font-family:Arial;font-size:10pt;">" means: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of any event under the definition of "Insolvency Proceedings" in respect of any Italian Opco, Italian FleetCo, French Opco, French FleetCo, Dutch Opco and Spanish Opco which is not defined as a "Voluntary Insolvency Event" as per the definition of such term; or </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Italian Opco, Italian FleetCo, French Opco, French FleetCo, Dutch Opco or Spanish Opco is or becomes Insolvent otherwise than as per paragraph&#160;(b) or paragraph&#160;(c) of the definition of "Insolvent". </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Irrecoverable VAT</font><font style="font-family:Arial;font-size:10pt;">" means the VAT which neither the Issuer, the Subordinated Lender nor the VAT group of which the Subordinated Lender is a member can obtain a credit for or a repayment of.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ISFA</font><font style="font-family:Arial;font-size:10pt;">" means Issuer Subordinated Facility Agreement. </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">74</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer</font><font style="font-family:Arial;font-size:10pt;">" means CarFin Finance International DAC, incorporated in Ireland, with registered number 463656 and having its registered office at 1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;Floor, 1-2 Victoria Buildings, Haddington Road, Dublin 4, Ireland.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Account Bank</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch as appointed under the Issuer Account Bank Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement between the Issuer and the Issuer Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Transaction Account Mandate, the Issuer Spain TRO Collection Account Mandate, the Issuer Hedge Collateral Account Mandate or the Issuer Reserve Account Mandate (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Accounts</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Transaction Account, the Issuer Reserve Account, the Issuer Spain TRO Collection Account and the Issuer Hedge Collateral Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer and FleetCo Holdings Corporate Services Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement dated 5&#160;March 2013 as amended, restated, modified, supplemented or waived from time to time between the Issuer, FleetCo Holdings and the Issuer Security Trustee pursuant to which Intertrust Finance Management (Ireland) Limited is appointed as the Issuer Corporate Services Provider and the FleetCo Holdings Corporate Services Provider.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Available Funds</font><font style="font-family:Arial;font-size:10pt;">" means an amount calculated on each Issuer Determination Date, without double counting:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all amounts standing to the credit of the Issuer Transaction Account (excluding the amounts which are proceeds of any Senior Advance made to the Issuer and the proceeds of any Issuer Subordinated Advance made to the Issuer pursuant to clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the proceeds of all Subordinated Advances made to the Issuer pursuant to clause&#160;4.2.1(c), 4.2.1(e), 4.2.1(f) and/or clause&#160;4.2.1(g) of the Issuer Subordinated Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all amounts received by the Issuer, including from Dutch FleetCo, FCT and Italian FleetCo, under the FleetCo German Facility Agreement, the FleetCo Dutch Facility Agreement, the FleetCo Spanish Facility Agreement (save for such amounts received by the Issuer following the exercise by the Subordinated Lender of the Spain Repayment Option (which shall be used solely to repay the relevant Subordinated Advances made under the Issuer Subordinated Facility Agreement)), the VFN Funding Agreement and the FleetCo Italian Facility Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all amounts received by the Issuer from any Issuer Hedge Counterparty (if any); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">to the extent that such amounts in&#160;(a) to&#160;(d) above are insufficient to pay all amounts due and payable by the Issuer on the immediately following Settlement Date in the aggregate of the amounts standing to the credit of the Issuer Reserve Account and the proceeds of any amount drawn under the relevant Issuer Letter of Credit.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Available Reserve Account Amount</font><font style="font-family:Arial;font-size:10pt;">" means, as of any date of determination, the amount on deposit in the Issuer Reserve Account (after giving effect to any deposits thereto and withdrawals and releases therefrom on such date).</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">75</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Borrowing Base Test</font><font style="font-family:Arial;font-size:10pt;">" shall, in respect of any day, be satisfied if the Senior Note Principal Amount Outstanding is less than or equal to the Senior Notes Maximum Amount on such day.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Cash Management Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement between, among others, the Issuer, the Issuer Cash Manager, the Central Servicer, the Issuer Account Bank and the Issuer Security Trustee, pursuant to which the Issuer appoints the Issuer Cash Manager to perform certain cash management functions.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Cash Management Report</font><font style="font-family:Arial;font-size:10pt;">" means the cash management report to be prepared by the Issuer Cash Manager under the Issuer Cash Management Agreement substantially in the form set out in schedule&#160;8 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Forms of Cash Management Reports</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement and, if amended, in form and substance satisfactory to the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Cash Management Services</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;3.1 of the Issuer Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means Deutsche Bank AG, London Branch and any replacement or successor thereof appointed under the Issuer Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Cash Manager Termination Event</font><font style="font-family:Arial;font-size:10pt;">" means any of the termination events set out in clause&#160;11.5 of the Issuer Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">" means the compliance certificate substantially in the form set out in part&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Issuer Compliance Certificate</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;7 to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Corporate Services Provider</font><font style="font-family:Arial;font-size:10pt;">" means Intertrust Finance Management (Ireland) Limited. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Debt</font><font style="font-family:Arial;font-size:10pt;">" means any Senior Issuer Debt or Subordinated Debt.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Deed of Charge</font><font style="font-family:Arial;font-size:10pt;">" means the English law deed of charge pursuant to which the Issuer will, in respect of the Issuer Secured Liabilities, assign, pledge and otherwise create a security interest over all of its rights and interests in favour of the Issuer Security Trustee (for and on behalf of itself and the other Issuer Secured Creditors). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Determination Date</font><font style="font-family:Arial;font-size:10pt;">" means the date falling 5&#160;Business Days before a Settlement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Domestic Account</font><font style="font-family:Arial;font-size:10pt;">" means the account established by the Issuer for the purposes of, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">inter alia</font><font style="font-family:Arial;font-size:10pt;">, holding the proceeds of the issued share capital of the Issuer and the Issuer Profit Amount.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Enforcement Event</font><font style="font-family:Arial;font-size:10pt;">" means the occurrence of a Rapid Amortisation Event.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Enforcement Notice</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;8.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Notification of Enforcement</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Deed of Charge. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an event of default as set out in part&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Events of Default</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Events of Default</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">76</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Excess Cash Amount</font><font style="font-family:Arial;font-size:10pt;">" means, on any date, an amount equal to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">the Issuer Reserves on such date; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">the aggregate of all cash standing to the credit of the Issuer Transaction Account on such date,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">less</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Reserve Required Amount on the date such calculation is required. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedge Collateral Account</font><font style="font-family:Arial;font-size:10pt;">" means the account held at the Issuer Account Bank as opened from time to time, together with such additional or replacement swap collateral securities custody account or bank account at the Issuer Account Bank and/or other banks as may for the time being be in place with the prior consent of the Issuer Security Trustee and designated as such for the purposes of holding collateral posted by any Issuer Hedge Counterparty pursuant to the relevant Issuer Hedging Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedge Collateral Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" means the issuer account mandate in substantially the form of schedule&#160;4 to the Issuer Account Bank Agreement entered into by the Issuer with respect to the Issuer Hedge Collateral Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedge Counterparty</font><font style="font-family:Arial;font-size:10pt;">" means each hedge counterparty to an Issuer Hedging Agreement which accedes from time to time to the Framework Agreement and the Issuer Deed of Charge.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedging Documents</font><font style="font-family:Arial;font-size:10pt;">" means the ISDA Master Agreement, the Schedule, the Credit Support Annex and the relevant Confirmation(s).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedging Agreement</font><font style="font-family:Arial;font-size:10pt;">" means a hedging agreement, consisting of the ISDA Master Agreement, the Schedule, the Credit Support Annex and the relevant Confirmation(s), that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">may be entered into from time to time by the Issuer in respect of a Treasury Transaction to hedge projected exposures to interest rates, foreign exchange and inflation risks under the Senior Notes; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">contains the provisions required by the Rating Agencies which are engaged from time to time to rate the outstanding Senior Notes; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">is in a form satisfactory to the Transaction Agent. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Hedging Debt</font><font style="font-family:Arial;font-size:10pt;">" means all present and future moneys, debts and liabilities due, owing or incurred from time to time by the Issuer to any Issuer Hedge Counterparty under or in connection with any Issuer Transaction Document, in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently, and whether as principal, surety or otherwise.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Intercreditor Terms</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer intercreditor terms set out in schedule 16 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Intercreditor Terms</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement, relating to the rights and obligations among the Issuer Secured Creditors. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Ledgers</font><font style="font-family:Arial;font-size:10pt;">" means the ledgers maintained by the Issuer Cash Manager for the purposes of the management of the Issuer's funds and timely compliance with the Issuer's payment </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">77</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">obligations pursuant to schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Cash Management Services</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer LC Covered Amount</font><font style="font-family:Arial;font-size:10pt;">" means, as applicable:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of all the amounts payable by the Issuer under paragraphs&#160;(a) to&#160;(e) of the Issuer Revolving Period Priority of Payments;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of all the amounts payable by the Issuer under paragraphs&#160;(a) to&#160;(e) of the Issuer Scheduled Amortisation Period Priority of Payments;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of all the amounts payable by the Issuer under paragraphs&#160;(a) to&#160;(e) of the Issuer Rapid Amortisation Period (Pre-Enforcement) Priority of Payments; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of all the amounts payable by the Issuer under paragraphs&#160;(a) to&#160;(d) of the Issuer Rapid Amortisation Period (Post-Enforcement) Priority of Payments.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Letter of Credit</font><font style="font-family:Arial;font-size:10pt;">" means an irrevocable letter of credit issued by an Eligible Issuer LC Provider in favour of the Issuer Security Trustee (for itself and on behalf of the benefit of the Senior Noteholders) substantially in the form set out in schedule&#160;13 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Issuer Letter of Credit</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement and, if amended, in form and substance satisfactory to the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Listing Documents</font><font style="font-family:Arial;font-size:10pt;">" means all the documents entered into by the Issuer in connection with the listing and maintenance of listing of the Senior Notes on the Channel Islands Stock Exchange.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Note Issuance Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the note issuance facility agreement between, among others, the Senior Noteholders, the Transaction Agent, the Issuer Cash Manager, and the Issuer Security Trustee.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Payment Date</font><font style="font-family:Arial;font-size:10pt;">" means each Senior Advance Repayment Date, each Issuer Subordinated Advance Repayment Date and each Settlement Date.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Revolving Period (Pre-Enforcement) Priority of Payments, the Issuer Rapid Amortisation Period (Pre-Enforcement) Priority of Payments, the Issuer Scheduled Amortisation Period Priority of Payments and the Issuer Rapid Amortisation Period (Post-Enforcement) Priority of Payments.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Profit Amount</font><font style="font-family:Arial;font-size:10pt;">" means the payment on each anniversary of the Initial Funding Date of &#8364;1,000 per annum to the Issuer as a fee for entering into the Transaction Documents to which it is a party.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Proposed Repayment Schedule</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Senior Advance, the proposed Senior Advance Repayment Date of such Senior Advance set out in a Senior Advance Drawdown Notice. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Rapid Amortisation Period (Post-Enforcement) Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments set out in part&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Rapid Amortisation Period (Post-Enforcement) Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Rapid Amortisation Period (Pre-Enforcement) Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments set out in part&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Rapid Amortisation Period (Post-Enforcement) Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">78</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Repeating Representations</font><font style="font-family:Arial;font-size:10pt;">" means the representations and warranties of the Issuer set out in the Framework Agreement save for the representations and warranties set out in the following clauses in the Framework Agreement:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Compliance with Issuer Borrowing Base Test</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Centre of Main Interests</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">No Establishment</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.8 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">No Subsidiaries, Employees or Premises</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.9 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Capitalisation</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.10 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Ownership</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.11 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">No Distributions</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.12 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Financial Statements</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.19 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.24 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Execution</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.27 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Beneficial Owner</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.28 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Security</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.29 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Compliance with Issuer Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.32 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Filings</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.33 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents</font><font style="font-family:Arial;font-size:10pt;">); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;3.1.35 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Taxes &#8211; Senior Notes and Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Required Gross-Up Amount</font><font style="font-family:Arial;font-size:10pt;">" means the amount of Issuer Subordinated Advances drawn by the Issuer under clause&#160;4.2.2 of the Issuer Subordinated Facility Agreement in an amount equal to the gross-up amount due and payable by the Issuer under the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Reserve Account</font><font style="font-family:Arial;font-size:10pt;">" means an account of the Issuer opened with the Issuer Account Bank to which amounts are required to be credited comprising the Issuer Reserves. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Reserve Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" means the issuer account mandate in substantially the form of schedule&#160;2 to the Issuer Account Bank Agreement entered into by the Issuer with respect to the Issuer Reserve Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Reserve Required Amount</font><font style="font-family:Arial;font-size:10pt;">" means, on any date on which such calculation is required, the aggregate of:</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:2px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Reserves</font><font style="font-family:Arial;font-size:10pt;">" means, on any date, the Available LC Commitment Amount and the Issuer Available Reserve Account Amount, in each case, on such date. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Revolving Period Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments set out in part&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Revolving Period Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement. </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">79</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Scheduled Amortisation Period Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments set out in part&#160;2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Issuer Scheduled Amortisation Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Secured Creditors</font><font style="font-family:Arial;font-size:10pt;">" means the Senior Noteholders, the Issuer Security Trustee, the Subordinated Lender, the Issuer Account Bank, the Issuer Corporate Services Provider, the FleetCo Holdings Corporate Services Provider, the Issuer Cash Manager, the Issuer Hedge Counterparties (if any), the Transaction Agent, the Registrar and the Central Servicer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Secured Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means all present and future moneys, debts and liabilities due, owing or incurred by the Issuer to the Issuer Secured Creditors in any manner whatsoever, including on any current or other account or otherwise including under or in connection with any Issuer Transaction Document (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently and whether as principal, surety or otherwise).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Secured Property</font><font style="font-family:Arial;font-size:10pt;">" means the assets from time to time subject, or expressed to be subject, to the Issuer Security or any part of those assets.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Security</font><font style="font-family:Arial;font-size:10pt;">" means all or any of the Security Interests created or expressed to be created from time to time constituted by or pursuant to, or evidenced by, the Issuer Security Documents. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Security Documents</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Deed of Charge, the Issuer Security Power of Attorney and the Lessor Power of Attorney.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Security Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">" means the power of attorney granted by the Issuer to the Issuer Security Trustee pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Deed of Charge and substantially in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Issuer Security Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) to the Issuer Deed of Charge.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Security Trustee</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:inherit;font-size:12pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means Deutsche Trustee Company Limited or the replacement or successor thereof appointed as the security trustee acting on behalf of the Issuer Secured Creditors under the Issuer Deed of Charge.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Share Trustee</font><font style="font-family:Arial;font-size:10pt;">" means TMF Management (Ireland) Limited in its capacity as share trustee for CarFin Finance International Trust (Charitable Trust&#160;1), an Irish charitable trust.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Spain TRO Collection Account</font><font style="font-family:Arial;font-size:10pt;">" means the account in the name of the Issuer to be opened and maintained by the Issuer Account Bank under the Issuer Account Bank Agreement in respect of repayment of the FleetCo Advances under the FleetCo Spanish Facility Agreement following, among other things, the exercise of the Spain Repayment Option by the Subordinated Lender in accordance with clause&#160;6.2.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Spain</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement and with the account number&#160;28379301 (IBAN:&#160;GB65DEUT40508128379301).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Spain TRO Collection Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" means the issuer account mandate in substantially the form of schedule&#160;3 to the Issuer Account Bank Agreement entered into by the Issuer with respect to the Issuer Spain TRO Collection Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Spain TRO Declaration of Trust</font><font style="font-family:Arial;font-size:10pt;">" means the declaration of trust by the Issuer over the amounts standing to the credit of the Issuer Spain TRO Collection Account following the receipt of the TRO Proceeds Confirmation by the Issuer (or the Issuer Cash Manager on its behalf) to the Transaction Agent, the Central Servicer and Finco in respect of the Spain Total Repayment Option.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">80</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Advance</font><font style="font-family:Arial;font-size:10pt;">" means the principal amount made available to the Issuer on each Issuer Payment Date under the ISFA.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Subordinated Advance Drawdown Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of funding of each Issuer Subordinated Advance by the Subordinated Lender pursuant to the relevant Issuer Subordinated Advance Drawdown Notice.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Subordinated Advance Repayment Date</font><font style="font-family:Arial;font-size:10pt;">" means any repayment date of an Issuer Subordinated Advance as set out in the Issuer Subordinated Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Subordinated Facility Agreement</font><font style="font-family:Arial;font-size:10pt;">" or "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ISFA</font><font style="font-family:Arial;font-size:10pt;">" means the facility agreement dated 5&#160;March 2013 as amended, restated, modified, supplemented or waived from time to time between, amongst others, the Issuer and the Subordinated Lender, in respect of the making of subordinated advances by the Subordinated Lender to the Issuer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Transaction Account</font><font style="font-family:Arial;font-size:10pt;">" means a EUR denominated account opened by the Issuer with the Issuer Account Bank with the account number&#160;28379300 (IBAN:&#160;GB92DEUT40508128379300).</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Transaction Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" means the issuer account mandate in substantially the form of schedule&#160;1 to the Issuer Account Bank Agreement entered into by the Issuer with respect to the Issuer Transaction Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">" means the following documents to which the Issuer is a party (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Funds Flow Agreement (from and including the date on which the Issuer enters into such agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Framework Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">this Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Note Issuance Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Subordinated Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Cash Management Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer and FleetCo Holdings Corporate Services Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Hedging Agreements (from and including the date on which the Issuer enters into any such agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Spanish Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo German Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Dutch Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the VFN Funding Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Italian Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Central Servicing Agreement;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">81</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Spain TRO Declaration of Trust;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Security Documents;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Security Power of Attorney;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xx)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Fee Letters; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Tax Deed of Covenant; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all documents approved by the Transaction Agent to which the Issuer is a party in connection with or related to any of the above documents.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement to appoint the Italian FleetCo Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;4.1 of the Italian Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Bank Accounts</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian Transaction Account; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Reserve Account (if any); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian Dedicating Financing Account; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Additional Accounts opened and maintained in accordance with the Italian Account Bank Agreement.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Dedicated Financing Account</font><font style="font-family:Arial;font-size:10pt;">" means the bank account in Italy in the name of Italian FleetCo with account number IBAN:&#160;IT23B0310401600000000826065 SWIFT&#160;CODE:&#160;DEUTITMMMIL in respect of the deposit of the sale proceeds received from Vehicle Manufacturers and/or Vehicle Dealers (in the case of Programme Vehicles) as well as Vehicle Dealers and other third parties (in the case of Non-Programme Vehicles) in relation to the Vehicles from time to time sold by Italian FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget Italia S.p.A. Fleet Co. S.A.p.A., a partnership limited by shares incorporated in Italy which, among other things, holds title to or holds possession of the Vehicle Fleet in Italy.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Account Bank</font><font style="font-family:Arial;font-size:10pt;">" means the entity appointed as account bank under the Italian Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Deed of Charge</font><font style="font-family:Arial;font-size:10pt;">" means the English law deed of charge pursuant to which, among other things, Italian FleetCo assigns, pledges and otherwise creates a security over all its rights and interests in and to each of the English Transaction Documents to which it is a party, in favour of the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;C (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Italian FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Post-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">82</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">" means the priority of payments in part&#160;C (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Italian FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of part&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">FleetCo Pre-Enforcement Priority of Payments</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Priorities of Payments</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Reserve Account</font><font style="font-family:Arial;font-size:10pt;">" means the reserve account in Italy in the name of Italian FleetCo and which may, from time to time be opened and maintained with the Italian Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Secured Creditors</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer, the Italian Account Bank, the FleetCo Italian Back-up Cash Manager, each Italian Servicer and the Central Servicer, the Avis Italian VAT Lender, the Maggiore Italian VAT Lender and the FleetCo Security Agent (including any Receiver or Appointee thereof).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Secured Property</font><font style="font-family:Arial;font-size:10pt;">" means the assets from time to time secured by the FleetCo Italian Security Documents and the Italian FleetCo Deed of Charge.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Security Deed</font><font style="font-family:Arial;font-size:10pt;">" means the security deed dated 5&#160;March 2013 between, among others, Italian FleetCo, Italian Opco and the FleetCo Security Agent in respect of, among other things, (i)&#160;an assignment of receivables by way of security and (ii)&#160;a pledge over the Italian Bank Accounts.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Share Pledge</font><font style="font-family:Arial;font-size:10pt;">" means the pledge of all the shares in Italian FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Shareholders Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the shareholders agreement between Avis Italian Opco and FleetCo Holdings.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Shareholders Call Option</font><font style="font-family:Arial;font-size:10pt;">" means the call option granted by FleetCo Holdings under the Italian FleetCo Shareholders Agreement pursuant to which Avis Italian Opco may, on or after the exercise by Finco of the Italy Repayment Option, exercise an option to purchase FleetCo Holdings' shareholding in Italian FleetCo. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Income Tax Consolidation Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement dated 16&#160;June&#160;2012 between, among others, Italian FleetCo and Avis Italian Opco in relation to, among other things, the consolidation of corporate income tax of Italian FleetCo between the parties to such agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Mandate Agreement</font><font style="font-family:Arial;font-size:10pt;">" means each of the Avis Italian Mandate Agreement  or the Maggiore Italian Mandate Agreement, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Master Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means each of the Avis Master Lease Agreement or the Maggiore Master Lease Agreement, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">" means each of Avis Italian Opco or Maggiore Italian Opco, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an Event of Default in respect of any Italian Opco as the Relevant Person. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">" means each of Avis Italian Servicer or Maggiore Italian Servicer, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Servicing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means each of the Avis Italian Servicing Agreement or the Maggiore Italian Servicing Agreement, as applicable.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">83</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Transaction Account</font><font style="font-family:Arial;font-size:10pt;">" means the bank account in Italy in the name of Italian FleetCo with account number IBAN:&#160;IT15H0310401600000000825477 SWIFT CODE:&#160;DEUTITMM.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof): </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Italian Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Account Mandate;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Servicing Agreement</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Mandate Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Shareholders Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Share Pledge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Security Deed; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other Transaction Documents expressed to be governed by Italian law and designated as an "Italian Transaction Document" by the Transaction Agent and Italian FleetCo.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Lender</font><font style="font-family:Arial;font-size:10pt;">" means each of the Avis Italian VAT Lender or the Maggiore Italian VAT Lender, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Loan Agreement</font><font style="font-family:Arial;font-size:10pt;">" means each of the Avis Italian VAT Loan Agreement or the Maggiore Italian VAT Loan Agreement, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Loan Borrower</font><font style="font-family:Arial;font-size:10pt;">" means each of the Avis Italian VAT Loan Borrower and the Maggiore Italian VAT Loan Borrower, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Sharing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement dated 18&#160;May&#160;2012 between, among others, Italian FleetCo and Avis Italian Opco in relation to the Italian VAT sharing arrangement between the parties to such agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Vehicle Documents</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Vehicles in Italy, the keys and spare keys to the Vehicles, the property certificates (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">certificato di propriet&#224;</font><font style="font-family:Arial;font-size:10pt;">) and the registration and technical documents regarding the Vehicles (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">carta di circolazione </font><font style="font-family:Arial;font-size:10pt;">and </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">manuale dell'utente).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italy Repayment Option</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a TRO Default, the Country Repayment Option applicable to each Italian Opco and Italian FleetCo, as more particularly set out in clause&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Country Repayment Option</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Labour and Social Security Laws</font><font style="font-family:Arial;font-size:10pt;">" means any regulation governing labour-related matters and relating to employer's obligations, also including, for the avoidance of doubt, (i)&#160;paying contributions for social security and mandatory insurance for industrial accidents and occupational diseases and fulfilling health and safety obligations and (ii)&#160;paying salary allowances and all other amounts due to the employees, including that portion of TFR (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">trattamento di fine rapporto</font><font style="font-family:Arial;font-size:10pt;">) that accrues while performing the Services.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">84</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Labour Claim</font><font style="font-family:Arial;font-size:10pt;">" means any claim (save for claims brought in bad faith or on frivolous grounds) or litigation or social security or insurance deficiency assessment asserted against (i.e., brought, initiated or otherwise notified to) the Servicer and/or any of its Sub-contractors and/or any subcontractor and/or partner of any of its Sub-contractors in connection with the application of Labour and Social Security Laws, to the extent that any such claims may create liability for the Italian FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Labour Payments</font><font style="font-family:Arial;font-size:10pt;">" means any and all payments due by the Servicer and/or any of its Sub-contractors and/or any subcontractor and/or partner of any of its Sub-contractors in application of Labour and Social Security Laws, to the extent that failure to pay any such amounts may create liability for the Italian FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Law</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any constitution, decree, judgment, legislation, order, ordinance, regulation, statute, treaty or other legislative measure in any Relevant Jurisdiction; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any present or future directive, regulation, practice, concession or requirement which has the force of law and which is issued by any governmental body, agency or department or any central bank or other fiscal, monetary, regulatory, self-regulatory or other authority or agency.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lease Commencement Date</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to a Vehicle, the date on which the Vehicle Manufacturer or Dealer delivers the Vehicle to the Lessor (or the Servicer or the Lessee on the Lessor's behalf for the purposes of the Lessee leasing such Vehicle from the Lessor under and in accordance with the relevant Master Lease Agreement). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lease Determination Date</font><font style="font-family:Arial;font-size:10pt;">" means the day falling 2&#160;Business Days prior to each Lease Payment Date provided that if such date is not a Business Day, the immediately preceding Business Day. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lease Expiration Date</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Vehicle the subject of a lease between the relevant Lessor and Lessee pursuant to the relevant Master Lease Agreement, the earliest to occur of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Vehicle is a Programme Vehicle returned under a Vehicle Manufacturer Programme, the Turn-back Date for such Vehicle;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Vehicle is sold to a third party (including to another FleetCo or an Opco) (other than pursuant to a Vehicle Manufacturer Programme), the date on which the possession of such Vehicle is transferred from the Lessee or the Lessor to such person;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Vehicle becomes a Casualty or a Non-Eligible Vehicle, the date funds in the amount of the Casualty Payment thereof are deposited in the relevant FleetCo Bank Account by the Lessee;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">if such Vehicle has been purchased on credit terms with a retention of title provision in the Vehicle Manufacturer Agreement or Vehicle Dealer Agreement and the purchase price has not been paid to the relevant Vehicle Manufacturer or Dealer, the date on which the Vehicle Manufacturer or Vehicle Dealer, as the case may be, has repossessed such Vehicle;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">85</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to any Vehicle subject to a lease between a Lessor and a Lessee under any Italian Master Lease Agreement, the French Master Lease Agreement, the Spanish Master Lease Agreement and/or the Master Dutch Fleet Lease Agreement, the Master Lease End Date; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other date for the termination of a lease in the relevant Master Lease Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Estimated Lease Expiration Date in relation to the Master German Fleet Lease Agreement, subject to any lease extension in accordance with the Master German Fleet Lease Agreement.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lease Payment Date</font><font style="font-family:Arial;font-size:10pt;">" means the day falling 3&#160;Business Days prior to a Settlement Date. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lease Reports</font><font style="font-family:Arial;font-size:10pt;">" means the reports to be provided by the relevant Lessee (as defined in and in accordance with the relevant Master Lease Agreement).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lease Term</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any relevant Vehicle, the period from (and including) the relevant Lease Commencement Date to (and including) the relevant Lease Expiration Date. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Ledger</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in part&#160;C (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Cash Management, records and information reporting</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;1 to the relevant Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lessee</font><font style="font-family:Arial;font-size:10pt;">" means each lessee under the Spanish Master Lease Agreement, each Italian Master Lease Agreement, the Master Dutch Fleet Lease Agreement, the French Master Lease Agreement and the Master German Fleet Lease Agreement, respectively.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lessor</font><font style="font-family:Arial;font-size:10pt;">" means each relevant FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lessor Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">" means the lessor power of attorney in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Lessor Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">) to the Liquidation Agency Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means any loss, damage, cost, charge, claim, demand, expense, judgment, action, proceedings or other liability whatsoever (including, without limitation, in respect of taxes, duties, levies, imposts and other charges) and legal fees on a full indemnity basis. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Light Truck</font><font style="font-family:Arial;font-size:10pt;">" means a motor vehicle having at least four wheels, used for the carriage of goods (which includes, as the case may be, semitrailer) and having a maximum weight not exceeding 3.5&#160;metric tons.</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Liquidation Agency Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement between, among others, the FleetCo Security Agent, the Liquidation Agent and the FleetCos, pursuant to which the Liquidation Agent is appointed to provide liquidation agency services to the relevant FleetCo as owner of (or the entity in possession of) the relevant vehicle fleet.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Liquidation Agent</font><font style="font-family:Arial;font-size:10pt;">" means Fiserv Automotive Solutions, Inc. and any successor or replacement appointed under the Liquidation Agency Agreement and which has acceded to the Framework Agreement and each FleetCo German Security Document and the German FleetCo Deed of Charge in accordance with clause&#160;11.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Acceding Liquidation Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Liquidation Agent Service Commencement Notice</font><font style="font-family:Arial;font-size:10pt;">" means the notice delivered to the Liquidation Agent under the Liquidation Agency Agreement pursuant to which the Liquidation Agent may exercise certain rights in respect of the Vehicle Fleet.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">86</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Liquidity Facility Arrangement</font><font style="font-family:Arial;font-size:10pt;">" means a liquidity facility, liquidity asset purchase facility or similar arrangement between a Conduit Senior Noteholder and a liquidity provider pursuant to which such Liquidity Provider agrees that from time to time it shall make available funds to the Conduit Senior Noteholder for the purpose of the Conduit Senior Noteholder subscribing for and funding the Senior Notes in accordance with the terms of the relevant Issuer Note Issuance Facility Agreement in respect of any period.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Liquidity Provider</font><font style="font-family:Arial;font-size:10pt;">" means a bank or financial institution which has entered into a Liquidity Facility Arrangement with a Conduit Senior Noteholder.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Listing Sponsor</font><font style="font-family:Arial;font-size:10pt;">" means Carey Olsen Corporate Finance Limited.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">LMA</font><font style="font-family:Arial;font-size:10pt;">" means the Loan Market Association.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">LOC Pro Rata Share</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Issuer LC Provider as of any date, the fraction (expressed as a percentage) obtained by dividing:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the available amount under such Issuer LC Provider's Issuer Letter of Credit as of such date by</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an amount equal to the aggregate available amount under all Issuer Letters of Credit as of such date,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that only for purposes of calculating the LOC Pro Rata Share with respect to any Issuer LC Provider as of any date, if such Issuer LC Provider has not complied with its obligation to pay the Issuer the amount of any draw under its Issuer Letter of Credit made prior to such date, the available amount under such Issuer LC Provider's Issuer Letter of Credit as of such date shall be treated as reduced (for calculation purposes only) by the amount of such unpaid demand and shall not be reinstated for purposes of such calculation unless and until the date as of which such Issuer LC Provider has paid such amount to the Issuer and been reimbursed by the Lessee for such amount (provided that the foregoing calculation shall not in any manner reduce the undersigned's actual liability in respect of any failure to pay any demand under its Issuer Letter of Credit).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">LPA</font><font style="font-family:Arial;font-size:10pt;">" means the Law of Property Act 1925.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Accession Date</font><font style="font-family:Arial;font-size:10pt;">" means 22 January 2016.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Mandate Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the agreement pursuant to which Italian FleetCo grants a mandate to Maggiore Italian Opco in respect of the Maggiore Vehicles.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Master Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the master lease agreement between, amongst others, Italian FleetCo and Maggiore Italian Opco</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Opco</font><font style="font-family:Arial;font-size:10pt;">" means Maggiore Rent S.p.A.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">" means Maggiore Italian Opco providing fleet management services to Italian FleetCo.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian VAT Lender</font><font style="font-family:Arial;font-size:10pt;">" means Avis Finance Company Limited in its capacity as the Lender under the Italian VAT Loan Agreements. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian VAT Loan Borrower</font><font style="font-family:Arial;font-size:10pt;">" means Italian FleetCo.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">87</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian VAT Refund</font><font style="font-family:Arial;font-size:10pt;">" means any VAT refunds received by Italian FleetCo from the Italian Tax Authority which were credited to the Maggiore Italian VAT Refund Ledger of the Italian FleetCo Transaction Account.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian VAT Refund Ledger</font><font style="font-family:Arial;font-size:10pt;">" means the Ledger on which Maggiore Italian VAT Refunds recovered by Italian FleetCo from the Italian Tax Authorities in relation to any Maggiore Vehicles are recorded.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian VAT Loan Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the Italian VAT Loan Agreement dated on or about the Maggiore Accession Date and entered into between Italian FleetCo and the Maggiore Italian VAT Lender with respect to Maggiore Italian Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means any Vehicle purchased by the Italian FleetCo which are leased to Maggiore Italian Opco pursuant to the Maggiore Italian Master Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Majority Senior Noteholders</font><font style="font-family:Arial;font-size:10pt;">" means at least 2&#160;Senior Noteholders whose proportion of the total of all the Senior Note Principal Amount Outstanding together aggregates more than 66&#160;2/3 per cent. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Mandatory Cost</font><font style="font-family:Arial;font-size:10pt;">" means the percentage rate per annum calculated by the Transaction Agent in accordance with schedule&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Mandatory Cost</font><font style="font-family:Arial;font-size:10pt;">) to the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Margin Based Profit Amount</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, French FleetCo in France or Italian FleetCo in Italy (as applicable) and a Lease Determination Date, the product of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Total Borrowed Amount in respect of such Lease Determination Date; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Profit Margin in respect of such Lease Determination Date; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the actual number of days in the Related Month divided by 360.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Definitions Agreement</font><font style="font-family:Arial;font-size:10pt;">" means this Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Dutch Fleet Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the master lease agreement dated on or about the Dutch Accession Date entered into by, amongst others, Dutch FleetCo and Dutch Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Dutch Fleet Purchase Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the master purchase agreement dated on or about the Dutch Accession Date between, amongst others, Dutch FleetCo and Dutch</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master German Fleet Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the master lease agreement dated 5&#160;March 2013 as amended, restated, modified, supplemented or waived from time to time between, amongst others, Dutch FleetCo and German Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master German Fleet Purchase Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the master purchase agreement dated 5&#160;March 2013 as amended, restated, modified, supplemented or waived from time to time between, amongst others, Dutch FleetCo and German Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the Master German Fleet Lease Agreement, any Italian Master Lease Agreement, the Master Dutch Fleet Lease Agreement, the French Master Lease Agreement or the Spanish Master Lease Agreement (as applicable).</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">88</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease End Date</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Master Lease Agreement, the earliest to occur of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Master Lease Scheduled Expiry Date with respect to each Italian Master Lease Agreement, the French Master Lease Agreement and the Spanish Master Lease Agreement, provided that no Master Lease End Date will occur if a Master Lease Extension/Renewal Agreement has been executed within 5&#160;Business Days after the Master Lease Scheduled Expiry Date;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the date on which the termination of the relevant Master Lease Agreement takes effect following the occurrence of a Master Lease Termination Event; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of France, Italy and Spain, the date on which the 60&#160;days' notice given by the relevant FleetCo expires following exercise of the FleetCo's rights in accordance with relevant provision of the related Master Lease Agreement which (in the case of Italian FleetCo) is clause&#160;27.1.1 of each Italian Master Lease Agreement, (in the case of French FleetCo) is clause&#160;28.1.1 of the French Master Lease Agreement and (in the case of Dutch FleetCo, Spanish Branch) is clause&#160;28.1.1 of the Spanish Master Lease Agreement.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease Extension Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Spanish Master Lease Agreement, an agreement executed by Dutch FleetCo and Spanish Opco which provides that the Master Lease Scheduled Expiry Date in respect of the Spanish Master Lease Agreement will be extended for a further period of 3&#160;months from the date of such agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Master Lease Agreement, an agreement executed by Italian FleetCo and the relevant Italian Opco which provides that the Master Lease Scheduled Expiry Date in respect of the Italian Master Lease Agreement will be renewed for a further period of 3&#160;months from the date of such agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Master Lease Agreement, an agreement executed by French FleetCo and French Opco which provides that the Master Lease Scheduled Expiry Date in respect of the French Master Lease Agreement will be renewed for a further period of 3&#160;months from the date of such agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master German Fleet Lease Agreement, an agreement executed by Dutch FleetCo and German Opco which provides that the Master Lease Scheduled Expiry Date in respect of the Master German Fleet Lease Agreement will be extended subject to the Lease Expiration Date falling no later than 20&#160;months from the Lease Commencement Date.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease Extension/Renewal Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to each Italian Master Lease Agreement, the French Master Lease Agreement and the Spanish Master Lease Agreement, the Master Lease Extension Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease Payment Default</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of any Master Lease Agreement, the occurrence of a default in the payment of any Rent or other amount payable by the relevant Lessee under the relevant Master Lease Agreement for a period of four&#160;(4)&#160;Business Days (whether or not formally demanded).</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">89</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease Scheduled Expiry Date</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to each Italian Master Lease Agreement, the French Master Lease Agreement and the Spanish Master Lease Agreement, the date falling 3&#160;calendar months after:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Lease Commencement Date; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the date on which the most recent Master Lease Extension/Renewal Agreement became effective.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease Termination Event</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of the Lessee under (i)&#160;the Spanish Master Lease Agreement, (ii)&#160;any Italian Master Lease Agreement, (iii)&#160;the Master Dutch Fleet Lease Agreement, (iv)&#160;the French Master Lease Agreement, or (v)&#160;the Master German Fleet Lease Agreement (as applicable) (for the purposes of this definition, the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Lessee</font><font style="font-family:Arial;font-size:10pt;">"), the occurrence of any of the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of the Spanish Master Lease Agreement, French Master Lease Agreement and any Italian Master Lease Agreement):</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">a Spanish Opco Event of Default, a French Opco Event of Default or an Italian Opco Event of Default (as applicable) (other than an Insolvency Event of the Relevant Lessee); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">the expiry of 60&#160;days following the delivery of the notice by the relevant FleetCo to the Transaction Agent, the Issuer and the Relevant Lessee, notifying the Transaction Agent, the Issuer and the Relevant Lessee of the exercise of the FleetCo's rights to terminate the relevant Master Lease Agreement in accordance with relevant provision of such Master Lease Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of the Master German Fleet Lease Agreement and the Master Dutch Fleet Lease Agreement) a German Opco Event of Default or a Dutch Opco Event of Default. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Master Lease Termination Notice</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;28.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Termination by Notification</font><font style="font-family:Arial;font-size:10pt;">) of the Spanish Master Lease Agreement, clause&#160;27.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Termination by Notification</font><font style="font-family:Arial;font-size:10pt;">) of each Italian Master Lease Agreement, clause&#160;27.2 of the Master Dutch Fleet Lease Agreement, clause&#160;28.2 of the French Master Lease Agreement and clause&#160;25.2.7 of the Master German Fleet Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Material Adverse Effect</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each of Dutch FleetCo, Italian FleetCo, French FleetCo and the Issuer and as the context specifies, a material adverse effect on the business, operations, assets or financial condition of such party which has resulted in, or will result in, an inability of such party to perform and comply with its obligations under any Transaction Document to which it is a party.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Measurement Month</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any date and any Country, collectively, each of the three periods most closely preceding such date, each of which periods shall consist of one calendar month or the smallest number of consecutive calendar months, in which:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">at least 250&#160;Eligible Vehicles owned by Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, French FleetCo in France or Italian FleetCo in Italy (as applicable) which were At Risk Assets were sold at auction or otherwise; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">at least one twelfth of the aggregate Net Book Value of such Eligible Vehicles owned by Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">90</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">Netherlands, French FleetCo in France or Italian FleetCo in Italy (as applicable) as of the last day of each such period was sold at auction or otherwise,</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided, however, that no calendar month included in any Measurement Month shall be included in any other Measurement Month.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Measurement Month Average</font><font style="font-family:Arial;font-size:10pt;">" means the lesser of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Measurement Month and any Country, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of the VAT-exclusive amount of the proceeds of sale of all Eligible Vehicles owned by Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, French FleetCo in France or Italian FleetCo in Italy (as applicable) which were At Risk Assets sold at auction or otherwise during such Measurement Month and the denominator of which is the aggregate Net Book Value of such Eligible Vehicles on the dates of their respective sales; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">100 per cent.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Minimum Drawing Amount</font><font style="font-family:Arial;font-size:10pt;">" means Euro&#160;2,500,000. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Monthly Accounting Reference Period</font><font style="font-family:Arial;font-size:10pt;">" means each calendar month.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Monthly Central Servicer Report</font><font style="font-family:Arial;font-size:10pt;">" means the monthly report substantially in the form set out in the Framework Agreement to be delivered by the Central Servicer to, among others, the Transaction Agent pursuant to clause&#160;15 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Provisions of Information and Reports</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement and, if amended, amended with the prior consent of the Transaction Agent and the Central Servicer and in form and substance satisfactory to the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Monthly Input VAT Ledger</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in the schedule&#160;1 to each of the relevant Servicing Agreements.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Monthly Output VAT Ledger</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in the schedule&#160;1 to each of the relevant Servicing Agreements. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Monthly Risk Vehicle Loss</font><font style="font-family:Arial;font-size:10pt;">" means the amount by which the aggregate Net Book Value of the At Risk Vehicles sold in the immediately preceding calendar month exceeds the aggregate sale proceeds of such At Risk Vehicles. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Monthly Risk Vehicle Profit</font><font style="font-family:Arial;font-size:10pt;">" means the amount by which the aggregate sale proceeds realised on the At Risk Vehicles in the immediately preceding calendar month and received by the relevant FleetCo exceeds the aggregate Net Book Value of such At Risk Vehicles. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Monthly Target Corporate Profit Amount</font><font style="font-family:Arial;font-size:10pt;">" means an amount calculated on a Lease Determination Date being the greater of (i)&#160;the Margin Based Profit Amount in respect of such Lease Determination Date and (ii)&#160;Euro&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#32;in respect of such Lease Determination Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Moody's</font><font style="font-family:Arial;font-size:10pt;">" means Moody's Investors Services Limited or any successor to its rating business.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Motor Third Party Liability Cover</font><font style="font-family:Arial;font-size:10pt;">" means the insurance cover which is a Requirement of Law, and, even if not so required by law, insurance protecting against liability in respect of bodily injury or death caused to third parties.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">91</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Motor Third Party Property Damage Liability Cover</font><font style="font-family:Arial;font-size:10pt;">" means the insurance protecting against loss or damage to property belonging to third parties. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Negotiation Guidelines</font><font style="font-family:Arial;font-size:10pt;">" means the criteria required in respect of the terms of the Vehicle Purchasing Agreements entered into by the FleetCos in respect of the Vehicle Fleet in Spain, France and Italy, as set out in schedule&#160;2 to the Spanish Servicing Agreement, schedule&#160;6 to the French Master Lease Agreement and schedule&#160;2 to each Italian Servicing Agreement (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Net Book Value</font><font style="font-family:Arial;font-size:10pt;">" means, on any date with respect to each Vehicle, such Vehicle's Capitalised Cost, minus the aggregate Depreciation Charges accrued from the date of registration of such Vehicle to such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">New Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;5.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Increase in Senior Noteholder Commitments</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Eligible Assets</font><font style="font-family:Arial;font-size:10pt;">" means (i)&#160;Non-Eligible Vehicles and (ii)&#160;Non-Eligible Receivables.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Eligible Programme Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means each Programme Vehicle which is the subject of a Vehicle Manufacturer Programme with a Vehicle Manufacturer in respect of which a Vehicle Manufacturer Event of Default has occurred.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Eligible Receivables</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Dutch FleetCo in Spain, Dutch FleetCo in Germany, Dutch FleetCo in The Netherlands, French FleetCo in France or Italian FleetCo in Italy, its Vehicle Manufacturer Receivables and Vehicle Dealer Receivables that do not constitute Eligible Receivables.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Eligible Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means Vehicles delivered to a FleetCo that are not Eligible Vehicles.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Imperative Principles</font><font style="font-family:Arial;font-size:10pt;">" means those principles indicated as "Non-Imperative" in, as applicable, schedule&#160;2 of each Italian Servicing Agreement, schedule&#160;6 of the French Master Lease Agreement and schedule&#160;2 of the Spanish Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Non-Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means Non-Programme Vehicles purchased by the relevant FleetCo for each Country from Non-Investment Grade Vehicle Manufacturers or, in the case of Germany and the Netherlands, by the relevant Opco from Non-Investment Grade Vehicle Manufacturers and sold to Dutch FleetCo,  provided that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicles whose Borrower Vehicle Fleet NBV exceed the Borrower Vehicle Fleet NBV of all Eligible Vehicles that comply with the Concentration Limits shall not be Vehicles for the purposes of "Non-Investment Grade Non-Programme Vehicles"; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any such excess in Borrower Vehicle Fleet NBV is or has been allocated on a pro rata basis to the Borrower Vehicle Fleet NBV of Programme Vehicles and the Borrower Vehicle Fleet NBV of Non-Programme Vehicles in each Country. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means, for each Country:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Programme Vehicles purchased by the relevant FleetCo from Non-Investment Grade Vehicle Manufacturers or Vehicle Dealers for each Country or, in the case of Germany and the Netherlands, by the relevant Opco from Non-Investment Grade Vehicle Manufacturers or Vehicle Dealers and sold to Dutch FleetCo, provided that:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicles whose Borrower Vehicle Fleet NBV exceed the Borrower Vehicle Fleet NBV of all Eligible Vehicles that comply with the Concentration Limits </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">92</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:90px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">shall not be Vehicles for the purposes of "Non-Investment Grade Programme Vehicles"; and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any such excess in Borrower Vehicle Fleet NBV is or has been allocated on a pro rata basis to the Borrower Vehicle Fleet NBV of Programme Vehicles and the Borrower Vehicle Fleet NBV of Non-Programme Vehicles in each Country; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicle Manufacturer Receivables held by French FleetCo or Dutch FleetCo in Germany and The Netherlands in respect of any Non-Investment Grade Vehicle Manufacturers pursuant to Vehicle Manufacturer Buy-Back Agreements which provide for a valid and enforceable retention of title provision to the benefit of the relevant FleetCo; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vehicle Dealer Receivables held by French FleetCo or Dutch FleetCo in Germany and The Netherlands in respect of any Vehicle Dealer pursuant to Vehicle Dealer Buy-Back Agreements which provide for a valid and enforceable retention of title provision to the benefit of the relevant FleetCo.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Vehicle Manufacturer</font><font style="font-family:Arial;font-size:10pt;">" means any Vehicle Manufacturer which is not an Investment Grade Vehicle Manufacturer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Vehicle Manufacturer Receivables (for which a FleetCo holds enforceable title)</font><font style="font-family:Arial;font-size:10pt;">" means, at any time and in relation to any Country, Vehicle Manufacturer Receivables owed by any Non-Investment Grade Vehicle Manufacturer to the relevant FleetCo in such Country pursuant to Vehicle Manufacturer Buy-Back Agreements or Vehicle Dealer Buy-Back Agreements which provide for a valid and enforceable retention of title provision to the benefit of the relevant FleetCo. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Programme Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means each Eligible Vehicle which is not a Programme Vehicle.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Utilisation Fee</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each Senior Noteholder Available Commitment of a Senior Noteholder, the fee payable by the Issuer in accordance with the relevant Senior Noteholder Fee Letter. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Note Certificate</font><font style="font-family:Arial;font-size:10pt;">" means a Restricted Senior Note Certificate or an Unrestricted Senior Note Certificate.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Notice</font><font style="font-family:Arial;font-size:10pt;">" means any notice delivered under or in connection with any Transaction Document.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Notional Commitment</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a Senior Noteholder Group, the commitment amount from time to time as set out in the relevant Senior Noteholder Fee Letter in respect of such Senior Noteholder Group; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a Senior Noteholder that does not form part of a Senior Noteholder Group, the commitment amount from time to time as set out in the relevant Senior Noteholder Fee Letter in respect of such Senior Noteholder.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Ongoing Issuer Fee</font><font style="font-family:Arial;font-size:10pt;">" means the aggregate of all amounts due and payable by the Issuer pursuant to:</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">93</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of the Issuer Revolving Period Priority of Payments:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(a) (in respect of amounts payable to the Issuer Security Trustee);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(b) (in respect of amounts payable to the Transaction Agent, the Registrar, the Issuer Account Bank and the Issuer Cash Manager);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph (c) (in respect of Tax payments);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(d) (in respect of amounts payable to the FleetCo Holdings Corporate Services Provider, the Issuer Corporate Services Providers, the Issuer Share Trustee, the Issuer Profit Amount, the Issuer's independent accountants, auditors, legal advisers and Tax advisers, the Channel Islands Stock Exchange, the Listing Sponsor, the relevant Rating Agencies and the Central Servicer);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(e)(ii) (in respect of commitment fees);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(e)(iii) (in respect of amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(h) (in respect of other amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(i) (in respect of indemnity payments for Currency Hedging Breakage Costs payable to the applicable Conduit Senior Noteholder);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(j) (in respect of amounts of interest payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(j)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(k) (in respect of amounts of principal payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(k)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(l) (in respect of amounts payable to the other Issuer Secured Creditors); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:82px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(l)</font></div></td><td style="vertical-align:top;padding-left:8px;"><div style="line-height:145%;text-align:justify;font-size:10pt;text-indent:-8px;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(m) (in respect of amounts payable to any other parties); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of the Issuer Scheduled Amortisation Period Priority of Payments:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(a) (in respect of amounts payable to the Issuer Security Trustee);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(b) (in respect of amounts payable to the Transaction Agent, the Registrar, the Issuer Account Bank and the Issuer Cash Manager);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(c) (in respect of Tax payments);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(d) (in respect of amounts payable to the FleetCo Holdings Corporate Services Provider, the Issuer Corporate Services Providers, the Issuer Profit Amount, the Issuer's independent accountants, auditors, legal advisers and Tax advisers, the Channel Islands Stock Exchange, the Listing Sponsor, the relevant Rating Agencies and the Central Servicer);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(e)(ii) (in respect of commitment fees);</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">94</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(e)(iii) (in respect of amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(h) (in respect of other amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(i) (in respect of indemnity payments for Currency Hedging Breakage Costs payable to the applicable Conduit Senior Noteholder);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(j) (in respect of amounts of interest payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(j)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(j) (in respect of amounts of principal payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(k)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(k) (in respect of amounts payable to the other Issuer Secured Creditors); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(l)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(l) (in respect of amounts payable to any other parties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of the Issuer Rapid Amortisation Period (Pre-Enforcement) Priority of Payments:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(a) (in respect of amounts payable to the Issuer Security Trustee);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(b) (in respect of amounts payable to the Transaction Agent, the Registrar, the Issuer Account Bank and the Issuer Cash Manager);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(c) (in respect of Tax payments);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(d) (in respect of amounts payable to the Issuer Corporate Services Provider, the FleetCo Holdings Corporate Services Provider, the Issuer Profit Amount, the Issuer's independent accountants, auditors, legal advisers and Tax advisers, the Channel Islands Stock Exchange, the Listing Sponsor, the relevant Rating Agencies and the Central Servicer);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(e)(ii) (in respect of commitment fees);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(e)(iii) (in respect of amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(g) (in respect of other amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(h) (in respect of indemnity payments for Currency Hedging Breakage Costs payable to the applicable Conduit Senior Noteholder);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(i) (in respect of amounts of interest payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(j)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(i) (in respect of amounts of principal payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">95</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(k)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(j) (in respect of amounts payable to the other Issuer Secured Creditors); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(l)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(k) (in respect of amounts payable to any other parties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of the Issuer Rapid Amortisation (Post-Enforcement) Priority of Payments:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(a) (in respect of amounts payable to the Issuer Security Trustee);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(b) (in respect of amounts payable to the Transaction Agent, the Registrar, the Issuer Account Bank and the Issuer Cash Manager);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(c) (in respect of Tax payments and amounts payable to the Issuer Corporate Services Provider, the FleetCo Holdings Corporate Services Provider, the Issuer's independent accountants, auditors, legal advisers and Tax advisers, the Channel Islands Stock Exchange and the relevant Rating Agencies);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(d)(ii) (in respect of commitment fees);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(d)(iii) (in respect of amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(g) (in respect of other amounts payable to the Issuer Hedge Counterparties);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(h) (in respect of indemnity payments for Currency Hedging Breakage Costs payable to the applicable Conduit Senior Noteholder);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(i) (in respect of amounts of interest payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(i) (in respect of amounts of principal payable in respect of any Issuer Subordinated Advances other than those drawn for the purpose set out in clause&#160;4.2.1(a) of the Issuer Subordinated Facility Agreement);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(j)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(j) (in respect of amounts payable to the other Issuer Secured Creditors); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(k)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">paragraph&#160;(k) (in respect of amounts payable in respect of the Issuer Profit Amount); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(l)</font></div></td><td 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necessary) calculated by way of break&#8209;down of the aggregate price for each type of vehicle subject to the respective Purchase Offer and Lease Request or (ii)&#160;for a German Opco Existing Fleet Vehicle, shall be equal to the Net Book Value on the Initial Funding Date for such German Opco Existing Fleet Vehicle, in each case excluding any VAT and Charge Costs.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Opco</font><font style="font-family:Arial;font-size:10pt;">" means Spanish Opco, any Italian Opco, Dutch Opco, French Opco or German Opco (as the case may be).</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">96</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Opco Change of Control</font><font style="font-family:Arial;font-size:10pt;">" means the Avis Europe Group ceasing to (x)&#160;own directly or indirectly at least 100&#160;per cent. of the share capital of Finco, Avis Europe or any Opco, (y)&#160;have the right or ability to cast at least 100&#160;per cent. of the votes capable of being cast in shareholders' general meetings of Finco, Avis Europe or any Opco or (z)&#160;have the right or ability to appoint or remove all directors (or equivalent officers) of the board of directors (or equivalent body) of Finco, Avis Europe or any Opco or to give directions with respect to the operating and financial policies of any Opco with which the directors or other equivalent officers of Finco, Avis Europe or such Opco (as applicable) are obliged to comply.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Opco Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an event of default as set out in part&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Opco Events of Default</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Events of Default</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Opco Repurchase Price</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of any Vehicle in Germany, the repurchase price payable by German Opco to Dutch FleetCo which (i)&#160;for a Programme Vehicle shall be equal to the Vehicle Manufacturer Repurchase Price, less any VAT and (ii)&#160;for Non-Programme Vehicles, the Estimated Sales Price in respect of that Vehicle, less any VAT. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Opel Sale Completion Date</font><font style="font-family:Arial;font-size:10pt;">&#8221; has the meaning given to it in the ninth master amendment and restatement deed dated on or about the date of this Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Operating Documents</font><font style="font-family:Arial;font-size:10pt;">" means (taking account of the fact that certain documents will only be entered into and/or be effective after the date hereof):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Spanish Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Master Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master German Fleet Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master German Fleet Purchase Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master Dutch Fleet Lease Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Master Dutch Fleet Purchase Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Trust Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Servicing Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each Italian Mandate Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">each VAT Loan Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian VAT Sharing Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian Income Tax Consolidation Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian FleetCo Shareholders Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Spanish Servicing Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Spanish Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Dutch Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Account Bank Agreement;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">97</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xx)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the French Servicing Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the German Custody Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Italian Account Bank Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the FleetCo Back-up Cash Management Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Liquidation Agency Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Central Servicing Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Finco Payment Guarantee; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Avis Europe Payment Guarantee;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Parent Performance Guarantee; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xxix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other documents to which Dutch FleetCo, French FleetCo and/or Italian FleetCo is a party, approved by the FleetCo Security Agent and the Transaction Agent and are in respect of the servicing and/or leasing of the Vehicle Fleet in each Country.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Original Financial Statements</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to Avis Europe, its audited financial statements for its financial year ended 31&#160;December 2011 and (if prepared) its unaudited consolidated management accounts for the financial quarter ended 31&#160;December 2012;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to each of Finco, Italian FleetCo and Spanish Opco, its audited financial statements for its financial year ended 31&#160;December 2011; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to the German Opco, the consolidated financial statements of AVIS Autovermietung Beteiligungsgesellschaft mbH Oberursel for its financial year ended 31&#160;December 2011;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to the Avis Italian Opco, its audited financial statements for its financial year ended 31&#160;December 2011;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to the Maggiore Italian Opco, its audited financial statements for its financial year ended 31&#160;December 2014;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to the French Opco, its audited financial statements for its financial year ended 31&#160;December 2012; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to the Dutch Opco, its audited financial statements for its financial year ended 31&#160;December 2012.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Original FleetCo Advance Drawdown Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a FleetCo Advance, the date of FleetCo Advance drawdown as specified in the relevant FleetCo Advance Drawdown Notice.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Original Scheduled Amortisation Commencement Date</font><font style="font-family:Arial;font-size:10pt;">" means 20&#160;April 2019.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Outstanding</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to the Senior Notes or a FleetCo Advance or a VFN&#160;Advance (as applicable), all Senior Notes or FleetCo Advances or VFN Advances (as applicable) other than:</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">98</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">those which have been redeemed in accordance with the Issuer Note Issuance Facility Agreement or VFN Funding Agreement or repaid in accordance with the relevant FleetCo Facility Agreement (as applicable);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">those in respect of which the date for redemption or repayment (as applicable) in accordance with the provisions of the Issuer Note Issuance Facility Agreement, VFN Funding Agreement or the relevant FleetCo Facility Agreement (as applicable) has occurred and for which the redemption moneys or repayment moneys (including, in each case, all interest accrued thereon to the date for such redemption or repayment (as applicable)) have been duly paid to the Issuer, the FleetCo Security Agent, the Issuer Cash Manager, the Transaction Agent (as applicable) and (following the occurrence of an Issuer Enforcement Event) the Issuer Security Trustee in the manner provided for in the Issuer Note Issuance Facility Agreement, VFN Funding Agreement or the relevant FleetCo Facility Agreement (as applicable) and remain available for payment in accordance with the Issuer Note Issuance Facility Agreement, VFN Funding Agreement or the relevant FleetCo Facility Agreement (as applicable);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">those which have been purchased and surrendered for cancellation as provided in the Issuer Note Issuance Facility Agreement, VFN Funding Agreement or the relevant FleetCo Facility Agreement (as applicable) and notice of the cancellation of which has been given to the Issuer, the Issuer Security Trustee, the FleetCo Security Agent, the Issuer Cash Manager and/or the Transaction Agent (as applicable);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">those which have become void under the Issuer Note Issuance Facility Agreement, VFN Funding Agreement or and the relevant FleetCo Facility Agreement (as applicable); and</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that for each of the following purposes in respect of the Issuer Note Issuance Facility Agreement:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the right in respect of any direction or request by the relevant Senior Noteholders;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the determination of how many and which Senior Notes are for the time being outstanding for the purposes of clause&#160;24 (Consents, Amendments, Waivers and Modifications) of the Framework Agreement, any discretion, power or authority, whether contained in the Framework Agreement or provided by law, which the Transaction Agent or the Issuer Security Trustee is required to exercise in or by reference to the interests of the relevant Senior Noteholders; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the determination by the Issuer Security Trustee or the Transaction Agent whether any event, circumstance, matter or thing is, in its opinion, materially prejudicial to the interests of the relevant Senior Noteholders (to the extent that the Issuer Security Trustee or the Transaction Agent (as applicable) is required to make such determination in accordance with the Transaction Documents),</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">those Senior Notes which are for the time being held by or on behalf of or for the benefit of the Issuer or any member of the Avis Group or any Affiliate of the Avis Group shall (unless and until ceasing to be so held) be deemed not to remain outstanding.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parallel Debt</font><font style="font-family:Arial;font-size:10pt;">" means the German Parallel Debt, Dutch Parallel Debt or the Spanish Parallel Debt, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent</font><font style="font-family:Arial;font-size:10pt;">" means Avis Budget Car Rental, LLC.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">99</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent Change of Control</font><font style="font-family:Arial;font-size:10pt;">" means (a)&#160;ABG shall at any time cease to own or control, directly or indirectly, greater than 50&#160;per cent. of the Voting Stock of the Parent or (b)&#160;any of the Opcos is no longer indirectly wholly-owned by the Parent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent Event of Bankruptcy</font><font style="font-family:Arial;font-size:10pt;">" shall be deemed to have occurred with respect to the Parent if:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a case or other proceeding shall be commenced, without the application or consent of the Parent, in any court, seeking the liquidation, reorganisation, debt arrangement, dissolution, winding up, or composition or readjustment of debts of the Parent, the appointment of a trustee, receiver, custodian, liquidator, assignee, sequestrator or the like for the Parent or all or any substantial part of its assets, or any similar action with respect to the Parent under any law relating to bankruptcy, insolvency, reorganisation, winding up or composition or adjustment of debts, and such case or proceeding shall continue undismissed, or unstayed and in effect, for a period of 60&#160;consecutive days; or an order for relief in respect of the Parent shall be entered in an involuntary case under the federal bankruptcy laws or other similar laws now or hereafter in effect; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Parent shall commence a voluntary case or other proceeding under any applicable bankruptcy, insolvency, reorganisation, debt arrangement, dissolution or other similar law now or hereafter in effect, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) for the Parent or for any substantial part of its property, or shall make any general assignment for the benefit of creditors; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the board of directors or other similar governing body of the Parent shall vote to implement any of the actions set forth in paragraph&#160;(b) above.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means any of the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an Opco Change of Control, provided that if (1)&#160;any cessation described in Opco Change of Control is in relation to the share capital of, the shareholders' general meetings of or the board of directors of (as applicable) Spanish Opco or any Italian Opco or French Opco (as applicable) and (2)&#160;the Spain Repayment Option (in respect of Spanish Opco) or the Italy Repayment Option (in respect of any Italian Opco) or the France Repayment Option (in respect of French Opco) is exercised within 30&#160;days of such cessation, there shall not be any Parent Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of a Parent Change of Control; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence and continuation of an "event of default" under the Credit Agreement or Replacement Credit Agreement, that is not waived pursuant to the terms of such Credit Agreement or Replacement Credit Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Parent Event of Bankruptcy occurs; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">failure by the Parent or its successor or replacement to comply with any of its obligations under the Parent Performance Guarantee.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent Performance Guarantee</font><font style="font-family:Arial;font-size:10pt;">" means the irrevocable guarantee and indemnity from the Parent in favour of the relevant FleetCo in respect of the obligations (other than payment obligations) of each Opco under the Transaction Documents to which such Opco is a party.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">100</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Participating Member State</font><font style="font-family:Arial;font-size:10pt;">" means any member state of the European Union that adopts or has adopted, and, in each case, continues to adopt, the euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Party</font><font style="font-family:Arial;font-size:10pt;">" means, when used in an agreement, deed or other document, a party to that agreement, deed or other document.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Passenger Car</font><font style="font-family:Arial;font-size:10pt;">" means a motor vehicle having at least four wheels, used for the carriage of passengers and comprising no more than seven seats, including the driver's seat.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Payment</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of any Liabilities (or any other liabilities or obligations), a payment, prepayment, repayment, redemption, defeasance or discharge of those Liabilities (or other liabilities or obligations).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Payment Confirmation Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of all outstanding Senior Advances and all outstanding Subordinated Advances, the date falling 5&#160;Business Days prior to the relevant Settlement Date. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Payment Netting</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of an Issuer Hedging Agreement based on an ISDA Master Agreement, netting under section&#160;2(c) of the relevant ISDA Master Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of an Issuer Hedging Agreement not based on an ISDA Master Agreement, netting pursuant to any provision of that Hedging Agreement or a Hedging Ancillary Document which has a similar effect to the provision referenced in paragraph&#160;(a) above. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Permitted Investments</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">EUR-denominated money market funds which have a long-term rating of "AAAmmf" by Fitch, if rated by Moody's, "Aaa" and "MR1+" by Moody's, if rated by S&amp;P, "AAA" by S&amp;P, and, if rated by DBRS, "AAA" by DBRS; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other instruments or securities, provided that, to the extent the outstanding Senior Notes are rated, the Rating Agencies have confirmed in writing that the investment in such instruments or securities will not adversely affect any ratings with respect to any Senior Notes,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case, in respect of which the Issuer Cash Manager has been instructed to invest in and in respect of which it is able to invest in.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Permitted Subordinated Debt Payments</font><font style="font-family:Arial;font-size:10pt;">" means the payments, receipts and set-offs permitted by paragraph&#160;5.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Permitted Subordinated Debt Payments</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Intercreditor Terms as long as they are so permitted.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Person</font><font style="font-family:Arial;font-size:10pt;">" means any individual, company, corporation, unincorporated association or body (including a partnership, trust, joint venture or consortium), government, state, agency, organisation or other entity whether or not having separate legal personality.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Potential Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means any event which (with the expiry of a grace period, the giving of notice or the making of any determination under the relevant Transaction Documents or any combination of any of the foregoing) could constitute an Event of Default.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">101</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:144%;padding-bottom:13px;text-align:justify;text-indent:28px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Potential Master Lease Termination Event</font><font style="font-family:Arial;font-size:10pt;">" means any event which, but for the passage of time or the giving of notice or any combination thereof, would constitute a Master Lease Termination Event.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Potential Servicer Termination Event</font><font style="font-family:Arial;font-size:10pt;">" means any event which but for the passage of time or the giving of notice or any combination thereof would constitute a Servicer Termination Event.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Privacy Code</font><font style="font-family:Arial;font-size:10pt;">" means Italian Legislative Decree number&#160;196 of 30&#160;June 2003, as amended and supplemented from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Proceedings</font><font style="font-family:Arial;font-size:10pt;">" means any legal action or proceedings relating to a Dispute.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Programme Maximum Term</font><font style="font-family:Arial;font-size:10pt;">" means, where applicable in relation to a Programme Vehicle, the maximum holding period (if any) specified under the relevant Vehicle Manufacturer Buy-Back Agreement or the relevant Vehicle Dealer Buy-Back Agreement after the expiry of which such Programme Vehicle would cease to be eligible for repurchase or sale at auction by the relevant Vehicle Manufacturer or Vehicle Dealer, as applicable (as such maximum holding period shall be notified on an annual basis by the relevant Servicer to the relevant FleetCo).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Programme Minimum Term</font><font style="font-family:Arial;font-size:10pt;">" means, where applicable in relation to a Programme Vehicle, the minimum holding period (if any) specified under the relevant Vehicle Manufacturer Buy-Back Agreement or the relevant Vehicle Dealer Buy-Back Agreement in order for such Programme Vehicle to be eligible for repurchase or sale at auction by the relevant Vehicle Manufacturer or Vehicle Dealer, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Programme Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means each Eligible Vehicle which is the subject of: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Vehicle Manufacturer Buy-Back Agreement which contains all the Buy-Back Minimum Principles; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Vehicle Dealer Buy-Back Agreement which contains all the Buy-Back Minimum Principles (with references to the Vehicle Manufacturer replaced by the Vehicle Dealer as the context requires).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Programme Vehicle Special Default Payments</font><font style="font-family:Arial;font-size:10pt;">" means the amount of any Excess Damage Charges and/or Excess Mileage Charges applicable to a Programme Vehicle calculated by the relevant Servicer as of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Lease Determination Date immediately following the receipt by the relevant FleetCo of the Vehicle Manufacturer Repurchase Price</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">, </font><font style="font-family:Arial;font-size:10pt;">in each case,</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">in relation to any Programme Vehicle (or, if earlier, by the Business Day on which FleetCo is liable for any Programme Vehicle Special Default Payment to a Vehicle Manufacturer or Vehicle Dealer); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Lease Determination Date immediately following the date by which the Vehicle Manufacturer Repurchase Price, in each case of such Programme Vehicle turned back to a Vehicle Manufacturer or Vehicle Dealer, would have been paid by the Vehicle Manufacturer or Vehicle Dealer to the relevant FleetCo but for the occurrence of an event or circumstance which, if not remedied within the relevant grace period, would become a Vehicle Manufacturer Event of Default.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">102</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Public Deed of Pledge over Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means the vehicle pledge dated 5&#160;March 2013 in respect of the Spanish Vehicle fleet and entered into by Dutch FleetCo, Spanish Branch, the Issuer and Spanish Opco. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Purchase and Lease Confirmation</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;3.3 of the Master German Fleet Purchase Agreement or clause&#160;3.3 of the Master Dutch Fleet Purchase Agreement, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Purchase Offer and Lease Request</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;3.1 of the Master German Fleet Purchase Agreement or clause&#160;3.1 of the Master Dutch Fleet Purchase Agreement, as applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Qualifying Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any relevant Senior Note, any person which is:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">resident for the purposes of tax corresponding to Irish corporation tax in a jurisdiction (other than Ireland) that would not result in any Taxes being required to be withheld or deducted by the Issuer in relation to the relevant Senior Note as a result of such person holding such Senior Note and does not receive payments under the relevant Senior Note in connection with a trade or business which is carried on in Ireland by it through a branch or agency; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a qualifying company within the meaning of Section&#160;110 of the Taxes Consolidation Act 1997 of Ireland. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Quoted Eurobond WHT Form</font><font style="font-family:Arial;font-size:10pt;">" means a form, substantially in the form of Schedule 9 to the INIFA, provided by a Senior Noteholder in accordance with the INIFA.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rapid Amortisation Commencement Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of the service of a Rapid Amortisation Notice by the Transaction Agent to the Issuer and the Issuer Security Trustee.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;text-indent:-46px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rapid Amortisation Event</font><font style="font-family:Arial;font-size:10pt;">" means the occurrence of any of the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an Issuer Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a FleetCo Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Spanish Opco Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an Italian Opco Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Central Servicer Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a German Opco Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a French Opco Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Subordinated Lender Event of Default; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Finco Guarantor Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an Avis Europe Event of Default;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Parent Event of Default; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the non-payment in full of all outstanding Senior Advances by the Issuer under the Issuer Note Issuance Facility Agreement at their Expected Maturity Date; </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">103</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the termination of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Spanish Transaction Document other than in accordance with its terms and the Spain Repayment Option is not exercised within 10 Business Days from the date of such termination;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Italian Transaction Document other than in accordance with its terms and the Italy Repayment Option is not exercised within 10&#160;Business Days from the date of such termination; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any French Transaction Document and/or the VFN Funding Agreement, in each case, other than in accordance with its terms and the France Repayment Option is not exercised within 10 Business Days from the date of such termination; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Transaction Document other than in accordance with its terms (other than in the case of&#160;(a), (b) or&#160;(c) above); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Servicer Termination Event; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the termination of the appointment of the Liquidation Agent if no replacement Liquidation Agent satisfactory to the Transaction Agent has been appointed within 60&#160;days of such termination.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rapid Amortisation Notice</font><font style="font-family:Arial;font-size:10pt;">" means the notice to be delivered by the Transaction Agent to the Issuer and the Issuer Security Trustee following the occurrence of a Rapid Amortisation Event.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rapid Amortisation Period</font><font style="font-family:Arial;font-size:10pt;">" means the period starting from and including the Rapid Amortisation Commencement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rating Agencies</font><font style="font-family:Arial;font-size:10pt;">" means Standard &amp; Poor's, Moody's, Fitch, DBRS and any other internationally recognised rating agency approved by the Transaction Agent and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rating Agency</font><font style="font-family:Arial;font-size:10pt;">" means any one of them.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rating Agency Affirmation</font><font style="font-family:Arial;font-size:10pt;">" means, for so long as any Senior Notes are rated by one or more Rating Agency, with respect to any specified action, determination or appointment, receipt by the Issuer (and sent to the Issuer Security Trustee and the Transaction Agent) of written confirmation (or such other method of confirmation which may be agreed from time to time with the relevant Rating Agency) from the relevant Rating Agency that such specified action, determination or appointment will not result in the reduction, or withdrawal, of the ratings then assigned to the Senior Notes.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Receiver</font><font style="font-family:Arial;font-size:10pt;">" means a receiver and manager or other receiver (and may be a person or persons) appointed in respect of the Issuer Secured Property or FleetCo Secured Property (as the case may be) and shall, if allowed by law, include an administrative receiver.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Recoveries</font><font style="font-family:Arial;font-size:10pt;">" means the Senior Recoveries or the Subordinated Recoveries.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Redesignation Amounts</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Vehicle following its redesignation in accordance with clause&#160;22 of the Master German Fleet Lease Agreement, clause&#160;24 of each Italian Master Lease Agreement, clause&#160;25 of the French Master Lease Agreement, clause&#160;24 of the Master Dutch Fleet Lease Agreement or clause&#160;25 of the Spanish Master Lease Agreement, an amount (which may positive or negative) equal to:</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">104</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of each Vehicle immediately prior to redesignation;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">minus</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Net Book Value of such Vehicle immediately following redesignation.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Reference Bank Rate</font><font style="font-family:Arial;font-size:10pt;">" means the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Transaction Agent at its request by the Reference Banks as the rate at which the relevant Reference Bank could borrow funds in the European interbank market, in the relevant currency and for the relevant period, were it to do so by asking for and then accepting interbank offers for deposits in reasonable market size in that currency and for that period.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Reference Banks</font><font style="font-family:Arial;font-size:10pt;">" means Cr&#233;dit Agricole Corporate and Investment Bank and the Senior Noteholders that are financial institutions or such other banks as may be appointed by the Transaction Agent in consultation with the Central Servicer. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Register</font><font style="font-family:Arial;font-size:10pt;">" means the register maintained by the Registrar outside the United Kingdom in respect of the Senior Notes in accordance with the Issuer Note Issuance Facility Agreement and substantially in the form set out in schedule&#160;8 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of the Register</font><font style="font-family:Arial;font-size:10pt;">) thereto.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registered FCT Holder</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;2.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Entries in FCT Register conclusive</font><font style="font-family:Arial;font-size:10pt;">) of the VFN Funding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registered Holder</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;2.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Entries in Register conclusive</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registrar</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of the Issuer, in relation to the Senior Notes, Deutsche Bank Luxembourg S.A. and/or, if applicable, any successor registrar in relation to such Senior Notes.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Regulatory Direction</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any person, a direction or requirement of any Governmental Authority with whose directions or requirements such person is accustomed to comply.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rejected Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means a Vehicle rejected by the Lessee under clause&#160;28 of the relevant Italian Master Lease Agreement, clause&#160;29 of the French Master Lease Agreement, clause&#160;28 of the Master Dutch Fleet Lease Agreement or clause&#160;29 of the Spanish Master Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rejected Vehicle Schedule</font><font style="font-family:Arial;font-size:10pt;">" means a schedule substantially in the form set out in schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Rejected Vehicle Schedule</font><font style="font-family:Arial;font-size:10pt;">) to the Spanish Servicing Agreement and each Italian Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Related Month</font><font style="font-family:Arial;font-size:10pt;">" means, when used (a)&#160;with respect to any FleetCo Payment Date, Lease Payment Date (including for the purpose of the definition of "Variable Rent") or Lease Determination Date, the most recently ended calendar month; and (b)&#160;with respect to any other date, the calendar month in which such date occurs.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Related Opco</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to Dutch FleetCo, German Opco, Dutch Opco or Spanish Opco (as applicable) to which Dutch FleetCo leases Vehicles under the Master German Fleet Lease Agreement, Master Dutch Fleet Lease Agreement or the Spanish Master Lease Agreement, respectively;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">105</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to Italian FleetCo, each Italian Opco; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to French FleetCo, French Opco.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Conduit CP Rate</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of an Interest Period and a Conduit Senior Noteholder: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the weighted average funding cost of the commercial paper issued by such Conduit Senior Noteholder in order to finance, or contribute to the financing of, its subscription of the Senior Notes during the relevant Interest Period, as notified by such Conduit Senior Noteholder to the Transaction Agent on the relevant Interest Determination Date (or Intra-Month Interest Determination Date, as the case may be), including any dealer or paying agent fees;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the event that such commercial paper is denominated in any currency other than euros, all costs, fees and expenses incurred by such Conduit Senior Noteholder in order to hedge its exposure to such currency; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any interest amounts payable by such Conduit Senior Noteholders in relation to any drawings on the relevant swing line or liquidity facility agreement which can be fairly allocated to the Senior Notes.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant DBRS Rating</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Person as of any date of determination: (a)&#160;if such Person has both a long term issuer rating by DBRS and a senior unsecured rating by DBRS as of such date, then the higher of such two ratings as of such date; and (b)&#160;if such Person has only one of a long term issuer rating by DBRS and a senior unsecured rating by DBRS as of such date, then such rating of such Person as of such date; provided that, if such Person does not have any of such ratings as of such date, then there shall be no Relevant DBRS Rating with respect to such Person as of such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Excess Concentration Amount</font><font style="font-family:Arial;font-size:10pt;">" means, on any date, in respect of the limit set out in the definition of "Concentration Limit" an amount equal to, in each case, without double counting:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of the Borrower Vehicle Fleet NBV of all Eligible Vehicles in all the Countries which fall within the category of Vehicles described in such limit,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">less</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the multiple of: (x)&#160;the Borrower Vehicle Fleet NBV of all Eligible Vehicles in all Countries; and (y)&#160;the maximum percentage provided in the definition of Concentration Limit for such limit, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">or zero if such amount is negative,</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that any such excess is allocated on a pro rata basis to (A)&#160;the Borrower Vehicle Fleet NBV of Eligible Vehicles used for the purposes of calculating such limit in each Country and (B)&#160;to the Borrower Vehicle Fleet NBV of Programme Vehicles and the Borrower Vehicle Fleet NBV of Non-Programme Vehicles.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Fitch Rating</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Person, (a)&#160;if such Person has both a senior unsecured rating by Fitch and a long term issuer default rating by Fitch as of such date, then the higher of such two ratings as of such date and (b)&#160;if such Person has only one of a senior unsecured rating by Fitch and a long term issuer default rating by Fitch as of such date, </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">106</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">then such rating of such Person as of such date; provided that, if such Person does not have any of such ratings as of such date, then there shall be no Relevant Fitch Rating with respect to such Person as of such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Interbank Market</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means the European interbank market.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Jurisdiction</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to an Avis Obligor, a FleetCo or the Issuer, its jurisdiction of incorporation and (in respect of Dutch FleetCo) Spain and/or Germany (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Liabilities</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Liabilities owed to the Issuer Secured Creditor ranking (in accordance with the Issuer Intercreditor Terms) </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">pari passu </font><font style="font-family:Arial;font-size:10pt;">with or in priority to that Issuer Secured Creditor; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all present and future liabilities and obligations, actual and contingent, of the Issuer to the Issuer Security Trustee.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Moody's Rating</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Person as of any date of determination, the highest of: (a)&#160;if such Person has a long term rating by Moody's as of such date, then such rating as of such date; (b)&#160;if such Person has a senior unsecured rating by Moody's as of such date, then such rating as of such date; and (c)&#160;if such Person has a long term corporate family rating by Moody's as of such date, then such rating as of such date; provided that, if such Person does not have any of such ratings as of such date, then there shall be no Relevant Moody's Rating with respect to such Person as of such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Person</font><font style="font-family:Arial;font-size:10pt;">" means Spanish Opco (in its capacity as the relevant Lessee and relevant Servicer), each Italian Opco (in its capacity as the relevant Lessee and relevant Servicer), the Central Servicer, German Opco (in its capacity as the relevant Lessee), Dutch Opco (in its capacity as the relevant Lessee), French Opco (in its capacity as the relevant Lessee and relevant Servicer), French FleetCo, Dutch FleetCo, Italian FleetCo, the Issuer or the FCT (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Rating</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Equivalent Rating Agency and any Person as of any date of determination, (a)&#160;with respect to Moody's, the Relevant Moody's Rating with respect to such Person as of such date, (b)&#160;with respect to Fitch, the Relevant Fitch Rating with respect to such Person as of such date and (c)&#160;with respect to S&amp;P, the Relevant S&amp;P Rating with respect to such Person as of such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant S&amp;P Rating</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Person as of any date of determination, the long term local issuer rating by S&amp;P of such Person as of such date; provided that, if such Person does not have a long term local issuer rating by S&amp;P as of such date, then there shall be no Relevant S&amp;P Rating with respect to such Person as of such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Senior Noteholder Commitment</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Senior Noteholder that forms part of a Senior Noteholder Group, its </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">pro rata</font><font style="font-family:Arial;font-size:10pt;">&#32;share of the Notional Commitment of its Senior Noteholder Group; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a Senior Noteholder that is not part of a Senior Noteholder Group, its Notional Commitment as set out in the relevant Senior Noteholder Fee Letter.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">107</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Senior Noteholder Percentage</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of any Senior Noteholder, the percentage determined by (i)&#160;dividing its Relevant Senior Noteholder Commitment at such time by the aggregate of the Total Senior Noteholder Commitments of all Senior Noteholders at such time and (ii)&#160;multiplying the product thereof by one hundred&#160;(100).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Third Party</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Account Bank, any FleetCo Account Bank, the Dutch FleetCo Spanish Account Bank Operator, the Dutch FleetCo German Account Bank Operator, the Dutch FleetCo Dutch Account Bank Operator, the French FleetCo Account Bank Operator, the Issuer Cash Manager, the FleetCo Back-up Cash Managers, the Issuer Corporate Services Provider, the FleetCo Holdings Corporate Services Provider, any Dutch FleetCo Corporate Services Providers, the Registrar, the Transaction Agent and (for the purposes of clause&#160;27.1.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Non-petition Against the Conduit Senior Noteholders</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement only) any Conduit Senior Noteholder.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of the Issuer, the Transaction Documents to which the Issuer is a party; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of any other person, the Transaction Documents to which such person is a party.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Remaining Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;5.1.5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Increase in Senior Noteholder Commitments</font><font style="font-family:Arial;font-size:10pt;">) of the relevant Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Rent</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a FleetCo, the aggregate Base Rent (or, in the case of Germany, German Base Rent) plus the aggregate Variable Rent payable to it by the relevant Lessee under the relevant Master Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Replacement Credit Agreement</font><font style="font-family:Arial;font-size:10pt;">" means any credit agreement or similar facility entered into by Avis Budget Holdings, LLC, the Parent and/or any affiliate of either entity, that refinances or replaces the Credit Agreement, as such replacement credit agreement may be amended, restated, modified, supplemented or waived from time to time in accordance with its terms.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Replacement Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to such term in clause&#160;21.5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Replacement Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement and is a Conduit or a Financial Institution which enters into a relevant Senior Noteholder Accession Deed.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Reporting Date</font><font style="font-family:Arial;font-size:10pt;">" means the date falling 5&#160;Business Days before a Settlement Date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Representative</font><font style="font-family:Arial;font-size:10pt;">" means any delegate, agent, manager, administrator, nominee, attorney, trustee or custodian.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Repurchase Offer and Lease Termination Notice</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to such term under clause&#160;5.1 of the Master German Fleet Purchase Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Requirement of Law</font><font style="font-family:Arial;font-size:10pt;">" in respect of any person means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any law, treaty, rule, requirement or regulation;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a notice by or an order of any court having jurisdiction;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a mandatory requirement of any regulatory authority having jurisdiction; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a determination of an arbitrator or Governmental Authority,</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">108</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in each case applicable to or binding upon that person or to which that person is subject or with which it is customary for it to comply.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Reservations</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the principle that equitable remedies may be granted or refused at the discretion of a court and the limitation of enforcement by laws relating to insolvency, reorganisation and other laws generally affecting the rights of creditors;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the required perfection of any Security Interest;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">similar principles, rights and defences under the laws of any Relevant Jurisdiction; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other matters which are set out as qualifications or reservations as to matters of law in the legal opinions, each in the form satisfactory to the Transaction Agent, the FleetCo Security Agent and the Issuer Security Trustee and delivered to the Transaction Agent, the FleetCo Security Agent and the Issuer Security Trustee pursuant to the Transaction Documents.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Restricted Senior Note</font><font style="font-family:Arial;font-size:10pt;">" means the Senior Notes issued in the form set out in schedule&#160;3A (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Restricted Senior Note Certificate</font><font style="font-family:Arial;font-size:10pt;">) to the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Restricted Senior Note Certificate</font><font style="font-family:Arial;font-size:10pt;">" means the note certificate set out in schedule&#160;3A (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Restricted Senior Note Certificate</font><font style="font-family:Arial;font-size:10pt;">) to the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Revolving Period</font><font style="font-family:Arial;font-size:10pt;">" means, subject to the terms of the Issuer Note Issuance Facility Agreement, the period when Senior Advances will be available, being a period commencing on the Initial Funding Date and ending on the earliest to occur of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Scheduled Amortisation Commencement Date; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Rapid Amortisation Commencement Date. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">S&amp;P</font><font style="font-family:Arial;font-size:10pt;">" means Standard &amp; Poor's Ratings Services (a division of The McGraw&#8209;Hill Companies, Inc.) or any successor to its rating business.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sanctions</font><font style="font-family:Arial;font-size:10pt;">&#8221; means 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 or any European Union member state, in each case to the extent legally applicable.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sanctioned Country</font><font style="font-family:Arial;font-size:10pt;">&#8221; means, at any time, a country, government or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, including the Crimea region of Ukraine, Cuba, Iran, North Korea, Sudan and Syria).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#8220;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sanctioned Person</font><font style="font-family:Arial;font-size:10pt;">&#8221; 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 or any EU member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">109</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Scheduled Amortisation</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Scheduled Amortisation</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Scheduled Amortisation Commencement Date</font><font style="font-family:Arial;font-size:10pt;">" means the Original Scheduled Amortisation Commencement Date or, if extended in accordance with clause&#160;5.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Extension of Revolving Period</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement, such later date as agreed in writing between the Central Servicer and the Transaction Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Scheduled Amortisation Period</font><font style="font-family:Arial;font-size:10pt;">" means the period starting from the Scheduled Amortisation Commencement Date and ending on the earliest to occur of: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the date on which principal, interest and all other amounts due relating to all outstanding Senior Advances have been irrevocably and unconditionally repaid/paid in full; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Rapid Amortisation Commencement Date; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Expected Maturity Date.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Screen Rate</font><font style="font-family:Arial;font-size:10pt;">" means the percentage rate per annum determined by the Banking Federation of the European Union for the relevant period displayed on the appropriate page of the Reuters screen. If the agreed page is replaced or service ceases to be available, the Transaction Agent may specify another page or service displaying the appropriate rate after consultation with the Central Servicer and the Senior Noteholders.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Security</font><font style="font-family:Arial;font-size:10pt;">" means all or any of the Security Interests created or expressed to be created from time to time constituted by or pursuant to, or evidenced by, the Security Documents. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Security Document</font><font style="font-family:Arial;font-size:10pt;">" means each of the Issuer Security Documents, the FleetCo Security Documents and any other document designated a Security Document by the Issuer Security Trustee or the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Security Interest</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a mortgage, charge, pledge, lien, assignation in security, encumbrance or other security interest securing any obligation of any person;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any arrangement under which money or claims to, or the benefit of, a bank or other account may be applied, set-off or made subject to a combination of accounts so as to effect payment of sums owed or payable to any person; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other type of preferential arrangement (including title transfer and retention arrangements) having a similar effect.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Advance</font><font style="font-family:Arial;font-size:10pt;">" means each advance made available to the Issuer under the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Advance</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Drawdown Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of funding of each Senior Advance by the Senior Noteholders pursuant to the relevant Senior Advance Drawdown Notice.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Advance Drawdown Notice</font><font style="font-family:Arial;font-size:10pt;">" means a notice substantially in the relevant form set out in the Framework Agreement pursuant to which the Issuer irrevocably requests one or more funding of Senior Advance(s) under the Issuer Note Issuance Facility Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">110</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Advance Interest Period</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Senior Advance:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the first (and, if applicable, only) period commencing from (and including) the Senior Advance Drawdown Date of such Senior Advance up to the earlier of (a)&#160;the relevant FleetCo Advance Repayment Date or (b)&#160;the date falling on (but excluding) the next Settlement Date; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any subsequent period commencing from (and including) such Settlement Date in paragraph&#160;(i)(b) above to (but excluding) the relevant Senior Advance Repayment Date,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that, for the purposes of this definition, the Senior Advance Drawdown Date and the Senior Advance Repayment Date are subject to the Business Day Convention.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Advance Margin</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to such term in each Senior Noteholder Fee Letter.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Advance Repayment</font><font style="font-family:Arial;font-size:10pt;">" means in relation to a repayment of an amount of principal of the relevant Senior Note, a payment of principal made by the Issuer to the relevant Senior Noteholder on the Senior Advance Repayment Date of such Senior Advance.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Advance Repayment Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Senior Advance, the repayment date of such advance.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Issuer Debt</font><font style="font-family:Arial;font-size:10pt;">" means the Senior Noteholder Debt and the Issuer Hedging Debt.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Issuer Discharge Date</font><font style="font-family:Arial;font-size:10pt;">" means the time when the Transaction Agent (following confirmation in writing by each of the Issuer Secured Creditors in respect of the Senior Issuer Debt (if any) owed to it) notifies the Issuer, the Issuer Security Trustee and the Issuer Secured Creditors in writing that it is satisfied that all Senior Issuer Debt has been fully and irrevocably paid or discharged and all commitments of the Issuer Secured Creditors in respect of the Senior Issuer Debt have expired or been cancelled.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Issuer Finance Parties</font><font style="font-family:Arial;font-size:10pt;">" means the Senior Noteholders and the Issuer Hedge Counterparties.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Issuer Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Note Issuance Facility Agreement and the Issuer Hedging Agreements.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Note</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Principal Amount Outstanding</font><font style="font-family:Arial;font-size:10pt;">" means, on any date in respect of a Senior Note, the current principal amount outstanding of such Senior Note as reflected on the Register on such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder</font><font style="font-family:Arial;font-size:10pt;">" means each holder of any Senior Notes, including the Initial Senior Noteholders and any Senior Noteholder which accedes to the Issuer Note Issuance Facility Agreement, the Framework Agreement and the Issuer Deed of Charge as specified in the Register from time to time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Accession Deed</font><font style="font-family:Arial;font-size:10pt;">" means an accession agreement substantially in the form of part&#160;2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Senior Noteholder Accession Deed</font><font style="font-family:Arial;font-size:10pt;">) of schedule&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Forms of Accession Deed</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Available Commitment</font><font style="font-family:Arial;font-size:10pt;">" means, at any relevant time with respect to a Senior Noteholder, its Senior Noteholder Commitment less the Senior Note Principal Amount Outstanding under the relevant Senior Notes subscribed by it.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">111</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Commitment</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each Senior Noteholder, the amount set out in the relevant Senior Noteholder Fee Letter.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Commitment Increase Request Amount</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;5.1.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Increase in Senior Noteholder Commitments</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Debt</font><font style="font-family:Arial;font-size:10pt;">" means all present and future moneys, debts and liabilities due, owing or incurred from time to time by the Issuer to any Senior Noteholder under or in connection with any Issuer Transaction Document (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently, and whether as principal, surety or otherwise).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Decisions</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in schedule&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Amendments and Waiver Consent Requirements</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Group</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;21.6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Senior Noteholder Groups</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Fee Letter</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each Senior Noteholder, a letter, the form of which is set out in schedule&#160;2 to the Issuer Note Issuance Facility Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Noteholder Minimum Drawing Amount</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to each Senior Noteholder, Euro&#160;100,000.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Notes</font><font style="font-family:Arial;font-size:10pt;">" means the senior variable funding notes issued from time to time pursuant to the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Notes Maximum Amount</font><font style="font-family:Arial;font-size:10pt;">" means an amount equal to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the aggregate of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Combined Eligible Country Asset Value; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Issuer Reserves; </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">less</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Credit Enhancement Required Amount.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Recoveries</font><font style="font-family:Arial;font-size:10pt;">" means the aggregate of all moneys and other assets received or recovered (whether by way of payment, repayment, prepayment, distribution, redemption, purchase or defeasance, in cash or in kind, or the exercise of any set-off or otherwise) from time to time by any Senior Noteholders or Issuer Hedge Counterparties under or in connection with any Senior Issuer Debt.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicer</font><font style="font-family:Arial;font-size:10pt;">" means the Spanish Servicer, the French Servicer, each Italian Servicer or the Central Servicer (as applicable), together with any successor or replacement appointed in accordance with the relevant Servicing Agreement or Central Servicing Agreement (as applicable). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicer Fee</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a FleetCo, the fee payable to the relevant Servicer pursuant to clause&#160;10 of each Italian Servicing Agreement, clause&#160;12 of the Spanish Servicing Agreement, clause&#160;10 of the French Servicing Agreement and clause&#160;10 of the Central Servicing Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">112</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicer Records</font><font style="font-family:Arial;font-size:10pt;">" means the original and/or any copies of all relevant documents and records, in whatever form or medium, including all computer tapes, files and discs, relating to the Services, including, without limitation, Insurance Policies and an up-to-date list of all Sub-contractors retained by the relevant Servicer specifying their role and their contact details, which list shall include all custodians of Vehicle Documents, transporters of Vehicles, repairers of Vehicles and providers of parking space.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicer Termination Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Servicer, the date on which the Servicer's appointment is terminated in accordance with the terms of the relevant Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicer Termination Event</font><font style="font-family:Arial;font-size:10pt;">" has, in respect of the Spanish Servicer, any Italian Servicer, the French Servicer or the Central Servicer, the meaning given to it in clause&#160;15.1.2 of the Spanish Servicing Agreement, clause&#160;13.1.2 of the relevant Italian Servicing Agreement, clause&#160;13.1.2 of the French Servicing Agreement and clause&#160;13.1 of the Central Servicing Agreement respectively.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicer Termination Notice</font><font style="font-family:Arial;font-size:10pt;">" means the notice served by the FleetCo Security Agent to the Spanish Servicer, any Italian Servicer, French Servicer or the Central Servicer (as applicable) pursuant to clause&#160;15.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Termination by notification</font><font style="font-family:Arial;font-size:10pt;">) of the Spanish Servicing Agreement and clause&#160;13.1 of the relevant Italian Servicing Agreement and French Servicing Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Services</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Servicer, the services to be provided by the Servicer set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Services</font><font style="font-family:Arial;font-size:10pt;">) of the relevant Servicing Agreement to which such Servicer is a party and any other service obligations under the Relevant Transaction Documents and, in relation to the services provided by each Italian Opco to Italian FleetCo, the services set out in the relevant Italian Mandate Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Service Vehicles</font><font style="font-family:Arial;font-size:10pt;">" means any Vehicle which is not intended to be rented to a customer of Opco as part of its daily rental business, including, without limitation, any Vehicle which is used by an Opco for transportation of either its customers or vehicles, provided that, for the avoidance of doubt, Vehicles used by the employees of any Avis Europe Group member shall not be Service Vehicles. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the Spanish Servicing Agreement, any Italian Servicing Agreement, the French Servicing Agreement or the Central Servicing Agreement (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Servicing Transfer Event</font><font style="font-family:Arial;font-size:10pt;">" means: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in Italy, France and Spain, the fulfilment of each of the following conditions: (i)&#160;the occurrence of a Servicer Termination Event in respect of any Italian Servicer, French Servicer or the Spanish Servicer (as applicable); (ii)&#160;the FleetCo Security Agent determines to serve a notice to terminate the relevant Master Lease Agreement to the relevant Opco (or, in case of Italy, any of the Italian Opcos); and (iii)&#160;the FleetCo Security Agent determines to serve a Servicer Termination Notice to the relevant Opco; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in Germany and The Netherlands, the fulfilment of each of the following conditions: (i)&#160;the occurrence of a Servicer Termination Event in respect of the Central Servicer; (ii)&#160;the FleetCo Security Agent determines to serve a notice to terminate the relevant </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">113</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">Master Lease Agreement to the relevant Opco; and (iii)&#160;the FleetCo Security Agent determines to serve a Servicer Termination Notice to the Central Servicer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Settlement Date</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of each Calculation Period that ends on the last day of the relevant calendar month, the date falling on the 20</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">th</sup></font><font style="font-family:Arial;font-size:10pt;">&#160;of the calendar month immediately following the end of such Calculation Period, and, if such date is not a Business Day, the next Business Day and, for the avoidance of doubt, the first Settlement Date shall be in April&#160;2013.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Signing Date</font><font style="font-family:Arial;font-size:10pt;">" means 5&#160;March 2013.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spain Repayment Option</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a TRO Default, the Country Repayment Option applicable to Spanish Opco and Dutch FleetCo, Spanish Branch, as more particularly set out in clause&#160;6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Country Repayment Option</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spain TRO Power of Attorney</font><font style="font-family:Arial;font-size:10pt;">" means the power of attorney dated 5&#160;March 2013 and granted by the Issuer to the attorneys specified therein in respect of the disposal of the Vehicle Fleet in Spain following the exercise of the Spain Repayment Option.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Account Bank Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the account bank agreement between, among others, Dutch FleetCo and the Dutch FleetCo Spanish Account Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Account Mandate</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;4.1 of the Spanish Account Bank Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Civil Procedural Law</font><font style="font-family:Arial;font-size:10pt;">" means Law 1/2000 of 7&#160;January (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Ley de Enjuiciamiento Civil</font><font style="font-family:Arial;font-size:10pt;">);</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish FleetCo Deed of Charge</font><font style="font-family:Arial;font-size:10pt;">" means the English law deed of charge pursuant to which, among other things, Dutch FleetCo, Spanish Branch assigns, pledges and otherwise creates a security over all its rights and interests in and to each of the English Transaction Documents to which it is a party, in favour of the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish FleetCo Secured Creditors</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer, the Dutch FleetCo Spanish Account Bank, the Dutch FleetCo Spanish Account Bank Operator, the FleetCo Spanish Back-up Cash Manager, the Central Servicer, the Spanish Servicer and the FleetCo Security Agent (including any Receiver or Appointee thereof).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Master Lease Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, the master lease agreement dated 5&#160;March&#160;2013 entered into by, amongst others, Dutch FleetCo and Spanish Opco.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Obligor</font><font style="font-family:Arial;font-size:10pt;">" means Spanish Opco and Dutch FleetCo, acting through its Spanish branch.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Opco</font><font style="font-family:Arial;font-size:10pt;">" means Avis Alquile un Coche S.A.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Opco Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means an Event of Default in respect of Spanish Opco as the Relevant Person. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Parallel Debt</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;16.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Parallel Debt</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Public Document</font><font style="font-family:Arial;font-size:10pt;">" means a </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">documento p&#250;blico</font><font style="font-family:Arial;font-size:10pt;">, being an </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">escritura p&#250;blica</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">p&#243;liza</font><font style="font-family:Arial;font-size:10pt;">&#32;or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">efecto intervenido por fedatario public</font><font style="font-family:Arial;font-size:10pt;">.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Servicer</font><font style="font-family:Arial;font-size:10pt;">" means Spanish Opco.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">114</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Servicing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the servicing and cash management agreement dated 5&#160;March 2013 between, among others, Dutch FleetCo, Spanish Branch and Spanish Opco in respect of Dutch FleetCo, Spanish Branch's operations in Spain.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Transaction Document</font><font style="font-family:Arial;font-size:10pt;">" means any Transaction Document expressed to be governed by Spanish law.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Vehicle Documents</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of Vehicles in Spain, the keys and spare keys to the Vehicles and the registration and technical documents regarding the Vehicles (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Permiso de Circulaci&#243;n</font><font style="font-family:Arial;font-size:10pt;">&#32;and</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#32;Tarjeta de Caracter&#237;sticas T&#233;cnicas</font><font style="font-family:Arial;font-size:10pt;">).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Specified Business Day</font><font style="font-family:Arial;font-size:10pt;">" means a day (other than Saturday or Sunday) on which banks are generally open for business in London, New York, Paris, Frankfurt am Main, Madrid, Amsterdam and Milan.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Specified Office</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Registrar, any office notified in accordance with the relevant Issuer Note Issuance Facility Agreement or with the VFN Funding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Standard &amp; Poor's</font><font style="font-family:Arial;font-size:10pt;">" or "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">S&amp;P</font><font style="font-family:Arial;font-size:10pt;">" means Standard &amp; Poor's Rating Services, a division of Standard &amp; Poor's Credit Markets Service Europe Limited or any successor to its European rating business.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sub-contractor</font><font style="font-family:Arial;font-size:10pt;">" means any sub-contractor, sub-agent, delegate or representative appointed in accordance with clause&#160;4 of each Italian Servicing Agreement, clause&#160;5 of the Spanish Servicing Agreement, clause&#160;5 of the French Servicing Agreement or clause&#160;5 of the Central Servicing Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Advance Drawdown Notice</font><font style="font-family:Arial;font-size:10pt;">" means a notice substantially in the relevant form set out in the Framework Agreement pursuant to which the Issuer irrevocably requests one or more funding of Issuer Subordinated Advances under the Issuer Subordinated Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Debt</font><font style="font-family:Arial;font-size:10pt;">" means all present and future moneys, debts and liabilities due, owing or incurred from time to time by the Issuer to the Subordinated Lender (in each case, whether alone or jointly, or jointly and severally, with any other person, whether actually or contingently, and whether as principal, surety or otherwise).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Lender</font><font style="font-family:Arial;font-size:10pt;">" means Avis Finance Company Limited, a private limited company incorporated in England and Wales, as lender to the Issuer under the Issuer Subordinated Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Lender Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means any of the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Europe ceasing to own the entire share capital of any Opco or Finco, provided that, if there is a change of control of any Italian Opco, Spanish Opco or French Opco, such cessation of control is not remedied within 30&#160;days of such cessation of control or (in respect of Spanish Opco) the Spain Repayment Option, (in respect of any Italian Opco) the Italy Repayment Option or (in respect of French Opco) the France Repayment Option is not exercised within 30&#160;days of such cessation of control;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an Avis Europe Change of Control, provided that, for the avoidance of doubt, if all outstanding Senior Advances as of the date of such occurrence (and all accrued but unpaid interest thereon) and all other amounts due to the Senior Noteholders and the other Issuer Secured Creditors (save for the Subordinated </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">115</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">Lender) are repaid in full by the Issuer on such date, there shall not be a "Subordinated Lender Event of Default" under this paragraph&#160;(b); </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of a Parent Change of Control; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence and continuation of an "event of default" under the Credit Agreement or Replacement Credit Agreement that is not waived pursuant to the terms of such Credit Agreement or Replacement Credit Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Subordinated Lender's material net economic interest (within the meaning of Article&#160;405 of the CRR) is less than, on an ongoing basis, 5&#160;per cent. or such other figure as shall from time to time be specified in or by reference to Article&#160;405 of the CRR); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Event of Default under paragraph&#160;(d), paragraph&#160;(h) or paragraph&#160;(i) of the definition of "Event of Default".</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subordinated Recoveries</font><font style="font-family:Arial;font-size:10pt;">" means the aggregate of all moneys and other assets received or recovered (whether by way of payment, repayment, prepayment, distribution, redemption, purchase or defeasance, in cash or in kind, or the exercise of any set-off or otherwise) from time to time by any Subordinated Lender under or in connection with any Subordinated Debt.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subscriber's Cost of Funds</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of an Interest Period:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to a Senior Noteholder which is a Financial Institution:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">prior to the service of an Issuer Enforcement Notice, the Applicable EURIBOR; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">following the service of an Issuer Enforcement Notice to the Issuer, the sum of (x)&#160;the Applicable EURIBOR and (y)&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#32;per cent. per annum; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in relation to a Conduit Senior Noteholder:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">prior to the service of an Issuer Enforcement Notice, through the ABCP Market, (x)&#160;the Relevant Conduit CP Rate for such Conduit Senior Noteholder (other than Jupiter Securitization Company LLC or another member of the Senior Noteholder Group in respect of Jupiter Securitization Company LLC) during such Interest Period, and (y)&#160;for the Senior Noteholder Group in respect of Jupiter Securitization Company LLC as a Senior Noteholder, the Applicable EURIBOR during such Interest Period;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">prior to the service of an Issuer Enforcement Notice, the weighted average rate of interest applicable to the relevant Conduit Senior Noteholder for issuing commercial paper during the relevant Interest Period to fund the purchase and holding of the Senior Notes (including, for the avoidance of doubt, dealers' commissions and hedging costs associated with the issue of the relevant commercial paper), provided that if the rate of interest applicable to a Conduit Senior Noteholder is a discount rate, the Subscriber's Cost of Funds shall be calculated by converting such discount rate to an interest-bearing equivalent rate per annum; and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">116</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">prior to the service of an Issuer Enforcement Notice, to the extent that such Conduit Senior Noteholder or a member of the Senior Noteholder Group in respect of Jupiter Securitization Company LLC funds its subscription, purchase and/or holding of the Senior Note held by it during such Interest Period through drawings under a Liquidity Facility Arrangement:</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:90px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(x)&#160;&#160;&#160;&#160;following an ABCP Market Disruption, the product of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of (x)&#160;the Applicable EURIBOR and (y)&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#32;per cent. per annum; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the percentage of the Senior Notes affected by the ABCP Market Disruption, </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:136px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that, in the six months prior to the date on which the ABCP Market Disruption first occurred, such Conduit Senior Noteholder had issued ABCP to finance the Senior Notes held by it;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:134px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(y)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">for any reason other than those stated in paragraphs&#160;(c)(x) and&#160;(d) of this definition, the product of:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">A.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the Applicable EURIBOR or such rate; and </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:173px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:136px;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">B.</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the percentage of the Senior Notes held by it that is funded by such drawing; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of a Conduit Senior Noteholder other than Jupiter Securitization Company LLC or another member of the Senior Noteholder Group in respect of Jupiter Securitization Company LLC, following the service of an Issuer Enforcement Notice to the Issuer, the sum of (x)&#160;the Applicable EURIBOR or the Relevant Conduit CP Rate to the extent that such Conduit Senior Noteholder does not draw on its Liquidity Facility Agreement and (y)&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#32;per cent. per annum or such rate as the parties to the Issuer Note Issuance Facility Agreement may agree between them based on an agreed benchmark;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of the Senior Noteholder Group in respect of Jupiter Securitization Company LLC, following the service of an Issuer Enforcement Notice to the Issuer, the sum of (x)&#160;the Applicable EURIBOR and (y)&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">[REDACTED]</font><font style="font-family:Arial;font-size:10pt;">&#32;per cent. per annum or such rate as the parties to the Issuer Note Issuance Facility Agreement may agree between them based on an agreed benchmark,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">provided that if a Subscriber&#8217;s Cost of Funds determined by reference to the above provision is below zero, such Subscriber's Cost of Funds will be deemed to be zero.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subsidiary</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means, in relation to any company, corporation or legal entity (a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">holding company</font><font style="font-family:Arial;font-size:10pt;">"), any company, corporation or legal entity:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which is controlled, directly or indirectly, by the holding company; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">more than half the issued share capital of which is beneficially owned, directly or indirectly, by the holding company; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">which is a subsidiary of another subsidiary of the holding company,</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">117</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">and, for these purposes, a company, corporation or legal entity shall be treated as being controlled by another if that other company, corporation or legal entity is able to direct its affairs and/or to control the composition of its board of directors or equivalent body.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Substitute Issuer Cash Manager</font><font style="font-family:Arial;font-size:10pt;">" means any entity which is appointed to perform the Issuer Cash Management Services in place of the Issuer Cash Manager pursuant to clause&#160;11.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Substitute Issuer Cash Manager</font><font style="font-family:Arial;font-size:10pt;">) or clause&#160;11.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Condition to Resignation or Termination</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Cash Management Agreement and which satisfies the conditions set out in clause&#160;11.6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Conditions to Appointment of Substitute Issuer Cash Manager</font><font style="font-family:Arial;font-size:10pt;">) of the Issuer Cash Management Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Supplemental Agreement</font><font style="font-family:Arial;font-size:10pt;">" means each supplemental agreement entered into between the relevant FleetCo and the relevant Vehicle Manufacturers and/or Vehicle Dealers, or in the case of Vehicle purchased in Germany, each vehicle purchase addendum entered into between the German Opco and the relevant Vehicle Manufacturers and/or Vehicle Dealers, which, in each case, supplements and replaces certain terms of the Vehicle Purchase Agreements.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Supplemental Agreement Report</font><font style="font-family:Arial;font-size:10pt;">" means a report in a form agreed between the Transaction Agent and the Central Servicer which sets out:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles purchased in Spain, Italy and France, the inclusion in the relevant Supplemental Agreement of provisions the same or substantially the same as clause&#160;4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Volume Targets and Rebates</font><font style="font-family:Arial;font-size:10pt;">), clause&#160;7 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Repurchase Obligations unconditional</font><font style="font-family:Arial;font-size:10pt;">), clauses&#160;8.1.1 and&#160;8.1.3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Termination</font><font style="font-family:Arial;font-size:10pt;">), clause&#160;9 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Set-Off</font><font style="font-family:Arial;font-size:10pt;">), clause&#160;10.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Transfer to the Supplier</font><font style="font-family:Arial;font-size:10pt;">) and clause&#160;12.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Assignment by the Supplier</font><font style="font-family:Arial;font-size:10pt;">) as such clauses are contained schedule&#160;2 to the relevant Servicing Agreement or, in the case of France, schedule&#160;6 to the French Master Lease Agreement. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Vehicles purchased in Germany and The Netherlands, the inclusion of set-off provisions in the relevant Supplemental Agreement and in the case of The Netherlands, retention of title provisions in the relevant Supplemental Agreement. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TARGET2</font><font style="font-family:Arial;font-size:10pt;">" means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19&#160;November 2007.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TARGET Day</font><font style="font-family:Arial;font-size:10pt;">" means any day on which TARGET2 is open for the settlement of payments in Euro.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax</font><font style="font-family:Arial;font-size:10pt;">" and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">tax</font><font style="font-family:Arial;font-size:10pt;">" means any tax, levy, impost, duty, assessment or other charge or withholdings of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying the same).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Authority</font><font style="font-family:Arial;font-size:10pt;">" means any government, state or municipality or any local, state, federal or other authority, body or official anywhere in the world exercising a fiscal, revenue, customs or excise function.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Credit</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means a credit against, relief or remission for, or repayment of any Tax.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Deduction</font><font style="font-family:Arial;font-size:10pt;">" means a deduction or withholding for or on account of Tax other than a FATCA Deduction.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">118</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Deed of Covenant</font><font style="font-family:Arial;font-size:10pt;">" means the tax deed of covenant dated 5&#160;March 2013 as amended, restated, modified, supplemented or waived from time to time between, among others, the FleetCos, the Opcos, the FleetCo Security Agent, the Issuer and the Issuer Security Trustee, pursuant to which the FleetCos, the Opcos and the Issuer represent, warrant and undertake in respect of certain tax matters.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax on Certain Means of Transport</font><font style="font-family:Arial;font-size:10pt;">" means the Spanish tax imposed on the registration of certain means of transport as regulated in Law&#160;38/1992, dated 28&#160;December&#160;1992, on special taxes of Spain.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Tax Payment</font><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:Arial;font-size:10pt;">means either the increase in any payment made by the Issuer to a Senior Noteholder or by a FleetCo to the Issuer or by French FleetCo to the FCT under the relevant tax gross-up provisions in the relevant Issuer Transaction Documents or FleetCo Transaction Documents (as applicable) or any amount payable under any tax indemnity provisions under the relevant Issuer Transaction Documents or FleetCo Transaction Documents (as applicable).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Termination Value</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Vehicle and at any time, an amount equal to the Net Book Value of such Vehicle at such time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Third Party Holder</font><font style="font-family:Arial;font-size:10pt;">" means Spanish Opco in its capacity as third party holder under the Third Party Holding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Third Party Holding Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the holding agreement dated on or about hereof in respect of the Spanish Vehicle fleet in respect of the Public Deed of Pledge and entered into between Spanish Opco, Dutch FleetCo, Spanish Branch and the Issuer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Third Party Insolvency Event</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Relevant Third Party, the occurrence of any of the following under any applicable law:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any corporate action, legal proceedings or other procedure or step is taken or threatened in relation to:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">bankruptcy, insolvency, or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it bankrupt (including, without limitation, with respect to any Relevant Third Party which is subject to insolvency proceedings in Italy, any liquidazione, procedura concorsuale (fallimento, concordato preventivo, liquidazione coatta amministrativa, amministrazione straordinaria or ristrutturazione industriale delle grandi imprese in stato di insolvenza), cessione dei beni ai creditori or any other similar proceedings)), adjustment, winding-up, examinership, liquidation, dissolution, emergency regulations, legal de-merger, declaration or other relief with respect to it or its debts; or </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any expropriation, attachment, sequestration, distress or execution affecting any asset or assets of such Relevant Third Party; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any analogous procedure or step is taken or threatened in any jurisdiction;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the furtherance of, or acquiescence in, any of the acts in paragraph&#160;(a) above by such Relevant Third Party; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the value of the assets of such Relevant Third Party is less than the amount of its liabilities, taking into account its contingent and prospective liabilities; </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">119</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Third Party is or becomes unable to pay its debts as they fall due or insolvent or such Relevant Third Party admits its inability to pay its debts as they fall due; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Relevant Third Party which is subject to insolvency proceedings in Germany:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Third Party is unable or admits inability to pay its debts as they fall due, suspends making payments on any of its debts or, by reason of actual or anticipated financial difficulties, commences negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness and/or is unable to pay its debts as they fall due (zahlungsunf&#228;hig) within the meaning of Section&#160;17 of the German Insolvency Code (Insolvenzordnung);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Third Party is overindebted (&#252;berschuldet) within the meaning of Section&#160;19 of the German Insolvency Code (Insolvenzordnung); and/or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a moratorium is declared in respect of any indebtedness of such Relevant Third Party.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Third Party Insolvency Proceeding</font><font style="font-family:Arial;font-size:10pt;">" means any corporate action, legal proceedings or other procedure or step is taken in relation to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the suspension of payments, a moratorium of any indebtedness, winding-up, examinership, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any Relevant Third Party;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a composition, compromise, assignment or arrangement with any creditor of any Relevant Third Party;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the appointment of a liquidator, receiver, examiner, administrative receiver, administrator, compulsory manager or other similar officer in respect of any Relevant Third Party or any of its assets (including, without limitation, with respect to any Relevant Third Party which is subject to insolvency proceedings in Italy, a curatore, commissario giudiziale, commissario straordinario, commissario liquidatore or any other Relevant Third Party performing the same function) in respect of it or in respect of any of its assets; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">enforcement of any Security over any assets of any Relevant Third Party;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Relevant Third Party which is subject to insolvency proceedings in Germany:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a petition for insolvency proceedings in respect of its assets (Er&#246;ffnungsantrag) has been filed or any event has occurred which constitutes a cause for the initiation of insolvency proceedings (Er&#246;ffnungsantrag) as set out in Sections&#160;17 et seq. of the German Insolvency Code (Insolvenzordnung); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any action has been taken pursuant to Section&#160;21 of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzordnung</font><font style="font-family:Arial;font-size:10pt;">) by a competent court;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Relevant Third Party which is subject to insolvency proceedings in France, any "mandat ad hoc", "proc&#233;dure de conciliation", "proc&#233;dure de </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">120</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-left:45px;padding-bottom:9px;text-align:justify;"><font style="font-family:Arial;font-size:10pt;">sauvegarde", "proc&#233;dure de redressement judiciaire", "proc&#233;dure de liquidation judiciaire" as set out under "LIVRE&#160;VI" of the French Code de commerce;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Relevant Third Party which is subject to insolvency proceedings in The Netherlands, any faillissement, surseance van betaling, noodregeling and ontbinding and the appointment of a curator or bewindvoerder;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Relevant Third Party which is subject to insolvency proceedings in Italy, any bankruptcy proceedings (faillimento) or any other insolvency proceedings (procedura concorsuale) provided under Italian Royal Decree 16&#160;March 1942, No.&#160;267, including any arrangement with creditors prior to bankruptcy (accordo di ristrutturazione di debiti and/or piano di risanamento attestato and/or concordato preventive and/or transazione fiscale),</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">or any analogous procedure or step is taken in respect of the Relevant Third Party in any jurisdiction.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In respect of a Relevant Third Party in Spain, a reference in this definition to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "suspension of payments" includes any concurso;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "liquidator" includes a liquidador;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an "administrative receiver" includes an administrador judicial; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any "other procedure or step" includes solicitud de inicio de procedimento de concurso, auto de declaraci&#243;n de concurso, convenio judicial o extrajudicial con acreedores and </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">transacci&#243;n judicial o extrajudicial</font><font style="font-family:Arial;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Third Party Purchase Price</font><font style="font-family:Arial;font-size:10pt;">" means the amount paid by a Vehicle Manufacturer, Vehicle Dealer or any other third party purchaser on the sale of a Non-Programme Vehicle by German Opco or Dutch FleetCo (as applicable) in respect of the Vehicle Fleet in The Netherlands only to that person, plus VAT.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Third Party Purchase Price VAT Amount</font><font style="font-family:Arial;font-size:10pt;">" shall have the meaning as ascribed to such term in clause&#160;6.6 of the Master German Fleet Purchase Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Senior Noteholder Commitments</font><font style="font-family:Arial;font-size:10pt;">" means &#8364;1,650,000,000 on the Amendment Date as increased or decreased pursuant to clause&#160;5 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Increase in and Intra-Senior Noteholder Group Transfer of Senior Noteholder Commitments)</font><font style="font-family:Arial;font-size:10pt;">&#32;of the Issuer Note Issuance Facility Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transaction Agent</font><font style="font-family:Arial;font-size:10pt;">" means Cr&#233;dit Agricole Corporate and Investment Bank.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transaction Agent Fee Letter</font><font style="font-family:Arial;font-size:10pt;">" means the fee letter between the Initial Senior Noteholders and CACIB in respect of CACIB's appointment as the Transaction Agent and the FleetCo Security Agent.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transaction Documents</font><font style="font-family:Arial;font-size:10pt;">" means the Issuer Transaction Documents, the FleetCo Transaction Documents and the Avis Europe Payment Guarantee.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transaction Party</font><font style="font-family:Arial;font-size:10pt;">" means any Party to any Transaction Document.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Treasury Transaction</font><font style="font-family:Arial;font-size:10pt;">" means any currency or interest rate purchase, cap or collar agreement, forward rate agreement, interest rate agreement, index linked agreement, interest rate or currency or future or option contract, foreign exchange or currency purchase or sale </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">121</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">agreement, interest rate swap, currency swap, basis rate swap or combined similar agreement or any derivative transaction protecting against or benefiting from fluctuations in any rate, index or price.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TRO Defaults</font><font style="font-family:Arial;font-size:10pt;">" means the Potential Events of Default in relation to which the Italy Repayment Option, Spain Repayment Option and/or France Repayment Option are available.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">TRO Proceeds Confirmation</font><font style="font-family:Arial;font-size:10pt;">" means the confirmation by the Issuer (or the Issuer Cash Manager on its behalf) to the Central Servicer, Finco and the Transaction Agent that the Issuer has received:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a Spain Repayment Option, the amounts set out in clause&#160;6.2.1(ii)&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Spain</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of an Italy Repayment Option, the amounts set out in clause&#160;6.2.2(ii)&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Italy</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a France Repayment Option, the amounts set out in clause&#160;6.2.3(ii)&#160;(</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">France</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Turn-back Date</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Programme Vehicle, the date on which such Programme Vehicle is returned to and accepted by the relevant Vehicle Manufacturer or Vehicle Dealer pursuant to the terms of the relevant Vehicle Dealer Buy-Back Agreement or Vehicle Manufacturer Buy-Back Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">UNCITRAL Regulations</font><font style="font-family:Arial;font-size:10pt;">" means the Cross-Border Insolvency Regulations&#160;2006, SI2006/1030.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Unpaid Sum</font><font style="font-family:Arial;font-size:10pt;">" means any sum due and payable by the Issuer under any Transaction Document but unpaid.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Unrestricted Senior Note</font><font style="font-family:Arial;font-size:10pt;">" means the Senior Notes issued in the form set out in schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Unrestricted Senior Note Certificate</font><font style="font-family:Arial;font-size:10pt;">) to the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Unrestricted Senior Note Certificate</font><font style="font-family:Arial;font-size:10pt;">" means the note certificate set out in schedule&#160;3 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Unrestricted Senior Note Certificate</font><font style="font-family:Arial;font-size:10pt;">) to the Issuer Note Issuance Facility Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">US Tax Obligor</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an Avis Obligor, a FleetCo or the Issuer that is resident for tax purposes in the United States of America; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an Avis Obligor, a FleetCo or the Issuer some or all of whose payments under the Transaction Documents are from sources within the United States for US federal income tax purposes. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Value Added Tax Group</font><font style="font-family:Arial;font-size:10pt;">" means a VAT group permitted under Article&#160;11 of Council Directive 2006/112/EC.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Van</font><font style="font-family:Arial;font-size:10pt;">" means a covered boxlike motor vehicle, having at least four wheels and typically having a rear door and/ or sliding doors on the side panels, used for the carriage of people.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Variable Funding Notes</font><font style="font-family:Arial;font-size:10pt;">" means the variable funding note issued by the FCT on the Initial French Funding Date pursuant to the VFN Funding Agreement.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">122</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Variable Rent</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of all Vehicles leased to the Lessee under the relevant Master Lease Agreement on any date during a Calculation Period, on any Lease Payment Date, or any other date on which accrued rent is due and payable (such date being, for the purpose of this definition only, a Lease Payment Date):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the sum of all amounts payable by the relevant FleetCo under the applicable FleetCo Priority of Payments (in each case excluding any part thereof which represents VAT and excluding further (x)&#160;principal due and payable in respect of the relevant FleetCo Facility Agreement or any VAT Loan Agreement, (y)&#160;any amounts which are payable by the relevant FleetCo but for which such FleetCo has been indemnified by, or has otherwise received amounts from, the Lessee pursuant to the relevant Master Lease Agreement or Servicing Agreement and (z)&#160;item&#160;(e)(i) of the relevant FleetCo Pre-Enforcement Priority of Payments and item&#160;(d) of the relevant FleetCo Post-Enforcement Priority of Payments);</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">plus (in respect of Vehicles in Spain, The Netherlands and Italy only)</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Monthly Risk Vehicle Loss;</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">minus (in respect of Vehicles in Spain, The Netherlands and Italy only)</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Monthly Risk Vehicle Profit.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any tax imposed in compliance with the council directive of 28&#160;November&#160;2006 on the common system of value added tax (EC&#160;Directive&#160;2006/112); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or levied in addition to, such tax referred to in paragraph&#160;(a) above or elsewhere.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Amount</font><font style="font-family:Arial;font-size:10pt;">" shall have the meaning as ascribed to such term in clause&#160;6.4 of the Master German Fleet Purchase Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Component</font><font style="font-family:Arial;font-size:10pt;">" shall have the meaning assigned to it in clause&#160;4.3 of the Master German Fleet Purchase Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Component and Charge Costs Component Trust Account</font><font style="font-family:Arial;font-size:10pt;">" means the account with account number&#160;100-9644667-05 in the name of Dutch FleetCo into which the VAT&#160;Component and the Charge Costs Component are paid by German Opco pursuant to the terms of the German Trust Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Loan Advance</font><font style="font-family:Arial;font-size:10pt;">" means the principal amount of each advance made or to be made under a VAT Loan Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Loan Advance Drawdown Notice</font><font style="font-family:Arial;font-size:10pt;">" means a duly completed notice substantially in the form set out in schedule&#160;1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">VAT Loan Utilisation Request)</font><font style="font-family:Arial;font-size:10pt;">&#32;to each VAT Loan Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Loan Agreement</font><font style="font-family:Arial;font-size:10pt;">" means (i)&#160;in respect of Italian FleetCo, any Italian VAT Loan Agreement and (ii)&#160;in respect of Dutch FleetCo in relation to its Vehicle Fleet in The Netherlands only, the Dutch VAT Loan Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Loan Borrower</font><font style="font-family:Arial;font-size:10pt;">" means Italian FleetCo and/or Dutch FleetCo in relation to its Vehicle Fleet in The Netherlands only, respectively.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">123</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Loan Facility</font><font style="font-family:Arial;font-size:10pt;">" means each facility made available to a VAT Loan Borrower by an Italian VAT Lender under an Italian VAT Loan Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Payables</font><font style="font-family:Arial;font-size:10pt;">" means, at any time and in relation to Dutch FleetCo, Spanish Branch and French FleetCo, the aggregate of all VAT payments owed by it to the Spanish Tax Authority or French Tax Authority, respectively at such time.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Payables Amount</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to Dutch FleetCo, Spanish Branch and French FleetCo, the aggregate amount of its VAT Payables in Spain and France, respectively.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Receivables</font><font style="font-family:Arial;font-size:10pt;">" means in relation to Dutch FleetCo, Spanish Branch and French FleetCo, the aggregate of all VAT repayments owed by the Spanish Tax Authority to Dutch FleetCo, Spanish Branch and the French Tax Authority to French FleetCo, respectively, in respect of which evidence satisfactory to the Transaction Agent (acting reasonably) has been received that such VAT repayment is owed to Dutch FleetCo, Spanish Branch or French FleetCo, as applicable, but excluding any VAT repayment in respect of which security in form and substance acceptable to the FleetCo Security Agent and the Transaction Agent has not been provided to the Transaction Agent and the FleetCo Security Agent in accordance with the Security Documents.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle</font><font style="font-family:Arial;font-size:10pt;">" means any Passenger Car, Van or Light Truck.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Dealer</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Vehicle, the dealership (being an entity which is in the business of buying and selling cars and which is not a member of any Vehicle Manufacturer Group) which sells or buys such Vehicle to or from the relevant FleetCo (or, in the case of Germany, German Opco and, in the case of The Netherlands, Dutch Opco).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Dealer Agreements</font><font style="font-family:Arial;font-size:10pt;">" means Vehicle Dealer Buy-Back Agreements and Vehicle Dealer Purchase Agreements.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Dealer Buy-Back Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any FleetCo (or, in the case of Germany, German Opco and, in the case of The Netherlands, Dutch Opco), any agreement providing for a buy-back commitment by such Vehicle Dealer of Vehicles purchased by such FleetCo (or, in the case of Germany, German Opco and, in the case of The Netherlands, Dutch Opco and subsequently sold to Dutch FleetCo).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Dealer Purchase Agreement</font><font style="font-family:Arial;font-size:10pt;">" means:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of Dutch FleetCo, Spanish Branch, French FleetCo and Italian FleetCo) any purchase agreement between such FleetCo and a Vehicle Dealer entered into prior to the date hereof with respect to any Vehicle;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(in respect of Dutch FleetCo, Spanish Branch, French FleetCo and Italian FleetCo) any purchase agreement between such FleetCo and a Vehicle Dealer entered into on or after the date hereof with respect to any Vehicle in Spain, France, The Netherlands or Italy, provided that such agreement is consistent with the Vehicle Dealer Purchase Agreement existing on the Signing Date with such Vehicle Dealer (if any) taking into consideration any change in the relevant Vehicle Dealer's policy or, in the absence of such Vehicle Dealer Purchase Agreement, is in form and substance satisfactory to the Transaction Agent (acting reasonably) and is consistent with other Vehicle Dealer Purchase Agreements of such FleetCo; </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">124</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Dutch FleetCo only and in respect of any Vehicle in Germany, any purchase agreement between German Opco and a Vehicle Dealer entered into on or after the date hereof with respect to any Vehicle in Germany, provided that such agreement is consistent with the Vehicle Dealer Purchase Agreement existing on the Signing Date with such Vehicle Dealer (if any) taking into consideration any change in the relevant Vehicle Dealer's policy or, in the absence of such Vehicle Dealer Purchase Agreement, is in form and substance satisfactory to the Transaction Agent (acting reasonably) and is consistent with other Vehicle Dealer Purchase Agreements of German Opco; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of Dutch FleetCo only and in respect of any Vehicle in The Netherlands, any purchase agreement between Dutch Opco, Dutch FleetCo and a Vehicle Dealer entered into on or after the date hereof with respect to any Vehicle in The Netherlands, provided that such agreement is consistent with the Vehicle Dealer Purchase Agreement existing on the Signing Date with such Vehicle Dealer (if any) taking into consideration any change in the relevant Vehicle Dealer's policy or, in the absence of such Vehicle Dealer Purchase Agreement, is in form and substance satisfactory to the Transaction Agent (acting reasonably) and is consistent with other Vehicle Dealer Purchase Agreements of Dutch Opco).</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Dealer Receivables</font><font style="font-family:Arial;font-size:10pt;">" means, at any time and in relation to any FleetCo (or, in the case of Germany, German Opco), the aggregate of the unpaid portion of all amounts (excluding amounts in respect of VAT) owed by any Vehicle Dealer to such FleetCo (or, in the case of Germany, German Opco) at such time pursuant to the disposition by such FleetCo (or, in the case of Germany, German Opco) of any Vehicle under any Vehicle Dealer Buy-Back Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Documents</font><font style="font-family:Arial;font-size:10pt;">" means the German Vehicle Documents, the Italian Vehicle Documents, the French Vehicle Documents, the Dutch Vehicle Documents and the Spanish Vehicle Documents.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Fleet</font><font style="font-family:Arial;font-size:10pt;">" means, at any Calculation Date or (if relevant) the Intra-Month Cut-Off Date and in relation to any Country, all Vehicles that have been delivered to, or to the order of, the relevant FleetCo and that are legally owned by such FleetCo free and clear of all liens (other than a retention of title in favour of the corresponding Vehicle Manufacturer or Vehicle Dealer (as applicable)). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Vehicle:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any member of a Vehicle Manufacturer Group who is party to a Vehicle Manufacturer Purchase Agreement in respect of such Vehicle with (i)&#160;in respect of Spain, France, The Netherlands and Italy, any relevant FleetCo and (ii)&#160;in respect of Germany and The Netherlands, German Opco and Dutch Opco respectively; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a vehicle manufacturer who is not a member of a Vehicle Manufacturer Group and who is party to a Vehicle Manufacturer Purchase Agreement in respect of such Vehicle with (i)&#160;in respect of Spain, France, The Netherlands and Italy, any relevant FleetCo and (ii)&#160;in respect of Germany and The Netherlands, German Opco and Dutch Opco respectively. </font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Agreements</font><font style="font-family:Arial;font-size:10pt;">" means Vehicle Manufacturer Buy-Back Agreements and Vehicle Manufacturer Purchase Agreements.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">125</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Buy-Back Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any FleetCo, any agreement between such FleetCo (or, in respect of Vehicles in Germany, German Opco and, in respect of Vehicles in The Netherlands, Dutch Opco) and a Vehicle Manufacturer and providing for a buy-back commitment by such Vehicle Manufacturer in favour of or for the benefit of such FleetCo (or, in respect of Vehicles in Germany, German Opco). </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Event of Default</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any Vehicle Manufacturer, either of the following circumstances:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the relevant Vehicle Manufacturer has failed to pay when due pursuant to the terms of the relevant Vehicle Manufacturer Programmes and:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such failure continues unremedied for a period of 30&#160;calendar days or more, the Euro Equivalent of &#8364;30,000,000 at such time; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such amounts are not being contested in good faith by such Vehicle Manufacturer as evidenced in writing questioning the accuracy of amounts paid or payable with respect to certain Vehicles subject to Vehicle Manufacturer Programmes entered into by such Vehicle Manufacturer, (but excluding amounts arising pursuant to a general repudiation by such Vehicle Manufacturer of all of its obligations under all of its Vehicle Manufacturer Programmes with such FleetCo); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such FleetCo has not established an adequate reserve (as determined by such FleetCo, acting reasonably) in respect of such amounts; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any of the Vehicle Manufacturer Insolvency Events, Vehicle Manufacturer Insolvency Proceedings or Execution or Distress Events occurs in respect of such Vehicle Manufacturer and/or the Vehicle Manufacturer Group Head Entity of the Vehicle Manufacturer Group of which such Vehicle Manufacturer is a member.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Group</font><font style="font-family:Arial;font-size:10pt;">" means each vehicle manufacturer group identified as such in schedule&#160;17 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Vehicle Manufacturer Group Table</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement as such schedule may be amended from time to time as provided for therein, it being provided that each such Vehicle Manufacturer Group shall include (a)&#160;the relevant Vehicle Manufacturer Group Head Entity set out in the relevant column in the above-mentioned table opposite that group, (b)&#160;the relevant Vehicle Manufacturer Group Rating Entity set out in the relevant column in the above-mentioned table opposite that Vehicle Manufacturer Group (if any) and (c)&#160;any Subsidiary of such Vehicle Manufacturer Group Head Entity (and each such entity shall be a "member" of such Vehicle Manufacturer Group).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Group Head Entity</font><font style="font-family:Arial;font-size:10pt;">" has the meaning ascribed to it in the table set out in schedule&#160;17 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Vehicle Manufacturer Group Table</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement as such schedule may be amended from time to time as provided for therein with respect to the relevant Vehicle Manufacturer Group.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Group Rating Entity</font><font style="font-family:Arial;font-size:10pt;">" has the meaning ascribed to it in the table set out in schedule&#160;17 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Vehicle Manufacturer Group Table</font><font style="font-family:Arial;font-size:10pt;">) to the Framework Agreement as such schedule may be amended from time to time as provided for therein with respect to the relevant Vehicle Manufacturer Group.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Guarantee</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Vehicle Dealer and any Vehicle Dealer Buy-Back Agreement, any guarantee granted by a Vehicle Manufacturer benefiting </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">126</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any FleetCo (or, in the case of Germany, German Opco and, in the case of The Netherlands, Dutch FleetCo and Dutch Opco) with respect to the obligations of such Vehicle Dealer under such Vehicle Dealer Buy-Back Agreement, which guarantee, if entered into after the date hereof, shall be in form and substance satisfactory to the Transaction Agent (acting reasonably).</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Insolvency Event</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any Vehicle Manufacturer, the occurrence of any of the following under any applicable law:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any corporate action, legal proceedings or other procedure or step is taken or threatened in relation to:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">bankruptcy, insolvency or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it bankrupt or insolvent (including, without limitation, with respect to any Vehicle Manufacturer which is subject to insolvency proceedings in Italy, any liquidazione, procedura concorsuale (fallimento, concordato preventivo, liquidazione coatta amministrativa, amministrazione straordinaria or ristrutturazione industriale delle grandi imprese in stato di insolvenza), cessione dei beni ai creditori or any other similar proceedings)), adjustment, winding-up, examinership, liquidation, dissolution, emergency regulations, legal de-merger, declaration or other relief with respect to it or its debts; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any expropriation, attachment, sequestration, distress or execution affecting any asset or assets of such Vehicle Manufacturer; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">enforcement of any Security Interests over any assets of such Vehicle Manufacturer,</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">or any analogous procedure or step is taken or threatened in any jurisdiction;</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the furtherance of, or acquiescence in, any of the acts in paragraph&#160;(a) above by such Vehicle Manufacturer; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the value of the assets of such Vehicle Manufacturer is less than the amount of its liabilities, taking into account its contingent and prospective liabilities;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Vehicle Manufacturer is or becomes unable to pay its debts as they fall due or insolvent or such Vehicle Manufacturer admits its inability to pay its debts as they fall due; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Vehicle Manufacturer which is subject to insolvency proceedings in Germany:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Vehicle Manufacturer is unable or admits inability to pay its debts as they fall due, suspends making payments on any of its debts or, by reason of actual or anticipated financial difficulties, commences negotiations with one or more of its creditors with a view to rescheduling any of its indebtedness and/or is unable to pay its debts as they fall due (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">zahlungsunf&#228;hig</font><font style="font-family:Arial;font-size:10pt;">) within the meaning of Section&#160;17 of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzordnung</font><font style="font-family:Arial;font-size:10pt;">);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Vehicle Manufacturer is overindebted (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">&#252;berschuldet</font><font style="font-family:Arial;font-size:10pt;">) within the meaning of Section&#160;19 of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzordnung</font><font style="font-family:Arial;font-size:10pt;">); and/or</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">127</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a moratorium is declared in respect of any indebtedness of such Vehicle Manufacturer.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Insolvency Proceeding</font><font style="font-family:Arial;font-size:10pt;">" means any corporate action, legal proceedings or other procedure or step is taken in relation to:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the suspension of payments, a moratorium of any indebtedness, winding-up, examinership, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any Vehicle Manufacturer;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a composition, compromise, assignment or arrangement with any creditor of any Vehicle Manufacturer;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(c)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the appointment of a liquidator, receiver, examiner, administrative receiver, administrator, compulsory manager or other similar officer in respect of any Vehicle Manufacturer or any of its assets (including, without limitation, with respect to any Vehicle Manufacturer which is subject to insolvency proceedings in Italy, a </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">curatore</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">commissario giudiziale</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">commissario straordinario</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">commissario liquidatore</font><font style="font-family:Arial;font-size:10pt;">&#32;or any other Vehicle Manufacturer performing the same function); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">enforcement of any Security over any assets of any Vehicle Manufacturer;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(e)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Vehicle Manufacturer which is subject to insolvency proceedings in Germany:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a petition for insolvency proceedings in respect of its assets (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Er&#246;ffnungsantrag</font><font style="font-family:Arial;font-size:10pt;">) has been filed or any event has occurred which constitutes a cause for the initiation of insolvency proceedings (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Er&#246;ffnungsantrag</font><font style="font-family:Arial;font-size:10pt;">) as set out in Sections&#160;17 et seq. of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzordnung</font><font style="font-family:Arial;font-size:10pt;">); or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any action has been taken pursuant to Section&#160;21 of the German Insolvency Code (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Insolvenzordnung</font><font style="font-family:Arial;font-size:10pt;">) by a competent court; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(f)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Vehicle Manufacturer which is subject to insolvency proceedings in France, any "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">mandat ad hoc</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">proc&#233;dure de conciliation</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">proc&#233;dure de sauvegarde</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">proc&#233;dure de redressement judiciaire</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">proc&#233;dure de liquidation judiciaire</font><font style="font-family:Arial;font-size:10pt;">" as set out under "</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">LIVRE&#160;VI</font><font style="font-family:Arial;font-size:10pt;">" of the French </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Code de commerce</font><font style="font-family:Arial;font-size:10pt;">;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(g)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Vehicle Manufacturer which is subject to insolvency proceedings in The Netherlands, any </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">faillissement</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">surseance van betaling</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">noodregeling</font><font style="font-family:Arial;font-size:10pt;">&#32;and </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">ontbinding</font><font style="font-family:Arial;font-size:10pt;">&#32;and the appointment of a </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">curator</font><font style="font-family:Arial;font-size:10pt;">&#32;or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">bewindvoerder</font><font style="font-family:Arial;font-size:10pt;">;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(h)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">with respect to any Vehicle Manufacturer which is subject to insolvency proceedings in Italy, any bankruptcy proceedings (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">faillimento</font><font style="font-family:Arial;font-size:10pt;">) or any other insolvency proceedings (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">procedura concorsuale</font><font style="font-family:Arial;font-size:10pt;">) provided under Italian Royal Decree 16&#160;March&#160;1942, No.&#160;267, including any arrangement with creditors prior to bankruptcy (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">accordo di ristrutturazione di debiti</font><font style="font-family:Arial;font-size:10pt;">&#32;and/or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">piano di risanamento attestato </font><font style="font-family:Arial;font-size:10pt;">and/or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">concordato preventive</font><font style="font-family:Arial;font-size:10pt;">&#32;and/or </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">transazione fiscale</font><font style="font-family:Arial;font-size:10pt;">),</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">or any analogous procedure or step is taken in respect of the Vehicle Manufacturer in any jurisdiction.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">128</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In respect of a Vehicle Manufacturer in Spain, a reference in this definition to:</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(a)&#160;&#160;&#160;&#160;a "suspension of payments" includes any </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">concurso</font><font style="font-family:Arial;font-size:10pt;">;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(b)&#160;&#160;&#160;&#160;a "liquidator" includes a </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">liquidador</font><font style="font-family:Arial;font-size:10pt;">;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(c)&#160;&#160;&#160;&#160;an "administrative receiver" includes an </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">administrador judicial</font><font style="font-family:Arial;font-size:10pt;">; and</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(d)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any "other procedure or step" includes </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">solicitud de inicio de procedimento de concurso</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">auto de declaraci&#243;n de concurso</font><font style="font-family:Arial;font-size:10pt;">, </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">convenio judicial o extrajudicial con acreedores</font><font style="font-family:Arial;font-size:10pt;">&#32;and </font><font style="font-family:Arial;font-size:10pt;font-style:italic;">transacci&#243;n judicial o extrajudicial</font><font style="font-family:Arial;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Programme</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any FleetCo and any Vehicle Manufacturer, any Vehicle Manufacturer Buy-Back Agreement to which such Vehicle Manufacturer and such FleetCo (or, in the case of Germany, German Opco and, in the case of The Netherlands, Dutch FleetCo and Dutch Opco) are parties and any Vehicle Manufacturer Guarantee from which such FleetCo (or, in the case of Germany, German Opco and, in the case of The Netherlands, Dutch FleetCo and Dutch Opco) benefits.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Purchase Agreement</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to any FleetCo:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any purchase agreement between such FleetCo and a Vehicle Manufacturer entered into prior to the date hereof with respect to any Vehicle; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any purchase agreement between such FleetCo and a Vehicle Manufacturer entered into on or after the date hereof with respect to any Vehicle, provided that such agreement is consistent with the Vehicle Manufacturer Purchase Agreement and Vehicle Manufacturer Buy-Back Agreement existing on the Signing Date with such Vehicle Manufacturer (if any) taking into consideration any change in the relevant Vehicle Manufacturer's policy or, in the absence of such Vehicle Manufacturer Purchase Agreement, is in form and substance satisfactory to the Transaction Agent (acting reasonably) and is consistent with other Vehicle Manufacturer Purchase Agreements of such FleetCo.</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Receivables</font><font style="font-family:Arial;font-size:10pt;">" means, at any time and in relation to any Country, the aggregate of all amounts (excluding amounts in respect of VAT and volume bonuses) owed by any Vehicle Manufacturer in such Country to the relevant FleetCo) in respect of the Vehicle Fleet in such Country at such time pursuant to the disposition by such FleetCo) of any Vehicle under any Vehicle Manufacturer Buy-Back Agreement and to any Vehicle Manufacturer Guarantee.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Manufacturer Repurchase Price</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to a Vehicle, the purchase price or other consideration payable by the relevant Vehicle Manufacturer or Vehicle Dealer to (in respect of Vehicles in Italy, France, The Netherlands or Spain) the relevant FleetCo or (in respect of Vehicles in Germany) German Opco (or a person determined by German Opco) for the repurchase by the Vehicle Manufacturer or Vehicle Dealer of such Vehicle, as provided for in the relevant Vehicle Manufacturer Agreement or Vehicle Dealer Agreement, plus VAT. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Purchasing Agreement</font><font style="font-family:Arial;font-size:10pt;">" means an agreement pursuant to which a FleetCo, Dutch Opco or German Opco purchases Vehicles from a Vehicle Manufacturer or Vehicle Dealer.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Ratio</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of a Vehicle on a Lease Determination Date, the Net Book Value of such Vehicle on the Calculation Date immediately preceding such Lease </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">129</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Determination Date divided by the Borrower Vehicle Fleet NBV in relation to such FleetCo on such Calculation Date. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Request Notice</font><font style="font-family:Arial;font-size:10pt;">" means the vehicle request notice in the form of schedule&#160;2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Form of Vehicle Request Notice</font><font style="font-family:Arial;font-size:10pt;">) to the relevant Master Lease Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Vehicle Schedule</font><font style="font-family:Arial;font-size:10pt;">" means, in relation to the Spanish Master Lease Agreement, an Individual Vehicle Schedule or a Global Vehicle Schedule, in relation to the French Master Lease Agreement, a vehicle schedule substantially in the form of schedule&#160;3 to the French Master Lease Agreement, in relation to the Avis Italian Master Lease Agreement, a vehicle schedule substantially in the form of schedule&#160;3 to the Avis Italian Master Lease Agreement and in relation to the Maggiore Italian Master Lease Agreement, a Maggiore vehicle schedule substantially in the form of schedule&#160;3 to the Maggiore Italian Master Lease Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Advance</font><font style="font-family:Arial;font-size:10pt;">" means each advance made available to the FCT under the VFN Funding Agreement and by which the VFN Principal Amount Outstanding is increased.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Advance</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Drawdown Date</font><font style="font-family:Arial;font-size:10pt;">" means the date of funding of each VFN Advance by the Issuer pursuant to the relevant VFN Advance Drawdown Notice.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Advance Drawdown Notice</font><font style="font-family:Arial;font-size:10pt;">" means a notice substantially in the relevant form set out in the Framework Agreement pursuant to which the FCT irrevocably requests one or more funding of VFN Advance(s) under the VFN Funding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Final Repayment Date</font><font style="font-family:Arial;font-size:10pt;">" has the meaning ascribed to such terms in clause&#160;7.1.1 of the VFN Funding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Funding Agreement</font><font style="font-family:Arial;font-size:10pt;">" means the VFN funding agreement entered into between the Issuer and the FCT.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Funding Agreement Purchase Option</font><font style="font-family:Arial;font-size:10pt;">" has the meaning given to it in clause&#160;6.2.3(vii) of the Framework Agreement. </font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Note Certificate</font><font style="font-family:Arial;font-size:10pt;">" means the note certificate set out in Schedule&#160;1 to the VFN Funding Agreement.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN</font><font style="font-family:Arial;font-size:10pt;">&#32;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Principal Amount Outstanding</font><font style="font-family:Arial;font-size:10pt;">" means, on any date in respect of the Variable Funding Note, the current principal amount outstanding of such Variable Funding Note as reflected on the FCT Register on such date.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VFN Repayment</font><font style="font-family:Arial;font-size:10pt;">" means a payment of principal under the VFN Funding Agreement made by the FCT to the Issuer on the VFN Repayment Date and by which the VFN Principal Amount Outstanding is decreased.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Voluntary Insolvency Event</font><font style="font-family:Arial;font-size:10pt;">" means: </font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an event referred to in paragraph&#160;(c) or paragraph&#160;(e) under the definition of "Insolvency Proceedings" in respect of any Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco, provided that:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the reference to a meeting of such person in paragraph&#160;(c) shall mean a meeting convened by the directors of the relevant Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco; and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">130</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the reference to protection granted (including any moratorium) from its creditors under paragraph&#160;(e) shall mean protection granted by or at the request of the relevant Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco or any of their directors;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(A)&#160;the occurrence of an event referred to in paragraph&#160;(b)(i)(y) under the definition of "Insolvency Proceedings" in respect of any Italian Opco, Dutch Opco, French Opco and Spanish Opco or (B)&#160;the occurrence of an event referred to in paragraph&#160;(b)(i)(x) or paragraph&#160;(b)(ii) under the definition of "Insolvency Proceedings" in respect of Italian FleetCo or French FleetCo, provided, in each case, that the reference to a corporate action, legal proceedings or other procedure or step of such person in the relevant sub-paragraph&#160;(b) of the definition of "Insolvency Proceedings" shall mean a corporate action, legal proceedings or other procedure or step taken by or at the request of any Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco (as applicable) or any of their directors;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an event in respect of any Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco referred to in paragraph&#160;(i) of the definition of "Insolvency Proceedings" which has an effect equivalent or substantially similar to any of those mentioned in paragraph&#160;(b)(i)(y), paragraph&#160;(b)(i)(x), paragraph&#160;(b)(ii), paragraph&#160;(c) or paragraph&#160;(e) of the definition of "Insolvency Proceedings", as applicable, in each case where such event occurs at the request of or on the application by the directors of the relevant Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the occurrence of an event referred to in paragraph&#160;(g) of the definition of "Insolvency Proceedings" in respect of any Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco where the Insolvency Official referred to therein is appointed at the request of, or the application to appoint the Insolvency Officer referred to therein has been made by, the directors of the relevant Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco; or</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any Italian Opco, Italian FleetCo, Dutch Opco, French Opco, French FleetCo or Spanish Opco is or becomes Insolvent as per paragraph&#160;(b) or paragraph&#160;(c) of the definition of "Insolvent".</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Voting Stock</font><font style="font-family:Arial;font-size:10pt;">" means, with respect to any person, the common stocks or membership interests of such person and any other security of, or ownership interest in, such person having ordinary voting power to elect a majority of the board of directors or a majority of the managers (or other persons serving similar functions) of such person.</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Weighted Average Exposure Rate</font><font style="font-family:Arial;font-size:10pt;">" means, in respect of all the outstanding Treasury Transactions entered into by the Issuer, the weighted average of:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of an interest rate Treasury Transaction, the fixed rate (per annum) payable by the Issuer to the Issuer Hedge Counterparties as scheduled payments in accordance with the relevant Issuer Hedging Agreement; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:0px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the case of an interest rate cap Treasury Transaction, the interest rate cap rate (per annum) set out in the relevant Issuer Hedging Agreement,</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">131</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">pro rata</font><font style="font-family:Arial;font-size:10pt;">&#32;to the Notional Amount (as defined in the relevant Confirmations (as defined in the relevant Issuer Hedging Agreement)) of such Treasury Transaction.</font><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">&#32;</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Principles of Interpretation and Construction</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Each of the Parties agrees that in any agreement, deed or other document expressly stating that it shall be construed and interpreted in accordance with the provisions of this Clause&#160;2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Principles of Interpretation and Construction</font><font style="font-family:Arial;font-size:10pt;">) (a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Relevant Document</font><font style="font-family:Arial;font-size:10pt;">"):</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">references to:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(i)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">such Relevant Document:</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(a)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">are to such Relevant Document (as from time to time amended, varied, supplemented, modified, suspended, assigned or novated, in each case, however fundamental and in accordance with such Relevant Document) and any other document executed in accordance with such Relevant Document (as from time to time so amended, varied, supplemented, modified, suspended, assigned or novated, in each case, however fundamental) and expressed to be supplemental to such Relevant Document; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:136px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:90px;"><font style="font-family:Arial;font-size:10pt;">(b)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">include its Schedules and references to paragraphs, clauses, Recitals, or Schedules are (unless specified otherwise) references to such provisions of such Relevant Document;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any other agreement, deed, instrument, licence, code or other document, or to a provision contained in any of these, shall be construed, at the particular time, as a reference to it as it may then have been amended, varied, supplemented, modified, suspended, assigned or novated, in each case, however fundamental and, in respect of the FleetCo Facility Agreements, the VFN Funding Agreement and the Issuer Note Issuance Facility Agreement, shall include all amendments, variations, supplements, modifications, suspensions, assignments or novations providing for further FleetCo Advances or Senior Advances (as applicable);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any party to any Transaction Document include its successors in title, permitted assigns and permitted transferees; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(iv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Senior Notes</font><font style="font-family:Arial;font-size:10pt;">" are to the Senior Notes for the time being outstanding and include any replacement Senior Notes issued pursuant to the Issuer Note Issuance Facility Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(v)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">fees, costs, charges or expenses include any value added, turnover or similar tax charged in respect thereof;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(vi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an action, remedy or method of judicial proceedings for the enforcement of creditors' rights include references to the action, remedy or method of judicial proceedings in jurisdictions other than England as shall most nearly approximate thereto;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">132</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(vii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a statute or statutory provision include that statute or provision as from time to time modified, re-enacted or consolidated; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(viii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">judgment</font><font style="font-family:Arial;font-size:10pt;">" include any order, injunction, determination, award or other judicial or arbitral measure in any jurisdiction;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(ix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">person</font><font style="font-family:Arial;font-size:10pt;">" include any company, partnership or unincorporated association (whether or not having separate legal personality); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(x)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">company</font><font style="font-family:Arial;font-size:10pt;">" include any company, corporation or body corporate, wherever incorporated;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">assets</font><font style="font-family:Arial;font-size:10pt;">" include present and future properties, revenues and rights of every description;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">indebtedness</font><font style="font-family:Arial;font-size:10pt;">" include any obligation (whether incurred as principal or as surety) for the payment or repayment of money, whether present or future, actual or contingent; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">regulation</font><font style="font-family:Arial;font-size:10pt;">" include any regulation, rule, official directive, request or guideline (whether or not having the force of law) of any governmental, intergovernmental or supranational body, agency, department or regulatory, self-regulatory or other authority or organisation; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">the service of an Issuer Enforcement Notice</font><font style="font-family:Arial;font-size:10pt;">" mean the giving of an Issuer Enforcement Notice to the Issuer in accordance with clause&#160;8.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Notification of Enforcement)</font><font style="font-family:Arial;font-size:10pt;">&#32;of the Issuer Deed of Charge;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">the service of an FleetCo Enforcement Notice</font><font style="font-family:Arial;font-size:10pt;">" mean the giving of a FleetCo Enforcement Notice to the relevant FleetCo in accordance with clause&#160;8.1 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Notification of Enforcement)</font><font style="font-family:Arial;font-size:10pt;">&#32;of the relevant FleetCo Deed of Charge; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">the FleetCo in a/each/the relevant/such Country</font><font style="font-family:Arial;font-size:10pt;">" shall mean, in the context of Dutch FleetCo, either Dutch FleetCo's Vehicle Fleet in Germany, Dutch FleetCo's Vehicle Fleet in The Netherlands or Dutch FleetCo, Spanish Branch's Vehicle Fleet in Spain, as applicable;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">" shall, in the context of Dutch FleetCo's activities in relation to the Spanish Vehicle Fleet, mean Dutch FleetCo, Spanish Branch and, in all other contexts, Dutch FleetCo acting through its headquarters in The Netherlands, provided further that, for the avoidance of doubt, a reference to Dutch FleetCo in the Transaction Documents shall always be a reference to the Dutch FleetCo in relation to its Vehicle Fleet in Spain, Germany or The Netherlands and provided further that a reference to Dutch FleetCo's Vehicle Fleet in the Netherlands shall mean the Vehicle Fleet Dutch FleetCo has purchased from Dutch Opco, a reference to Dutch FleetCo's Vehicle Fleet in Germany shall mean the Vehicle Fleet Dutch FleetCo has purchased from German Opco and a reference to Dutch FleetCo, Spanish Branch's Vehicle Fleet in Spain shall mean the Vehicle Fleet owned by Dutch FleetCo, Spanish Branch, as the context may require, unless expressly specified otherwise; </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">133</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in respect of a Country Repayment Option, a Spain Repayment Option, an Italy Repayment Option or a France Repayment Option, "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">exercise</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">exercises</font><font style="font-family:Arial;font-size:10pt;">" or "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">exercised</font><font style="font-family:Arial;font-size:10pt;">" shall mean the delivery of the TRO Proceeds Confirmation by the Issuer (or the Issuer Cash Manager on its behalf) to the Transaction Agent, the Central Servicer and Finco in accordance with clause 6 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Country Repayment Option</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Act</font><font style="font-family:Arial;font-size:10pt;">" of parliament or any other governmental authority is a reference to such act as amended superseded, supplemented or replaced from time to time;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xx)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">amendment</font><font style="font-family:Arial;font-size:10pt;">" includes a supplement, novation, restatement or re-enactment and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">amended</font><font style="font-family:Arial;font-size:10pt;">" will be construed accordingly;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">approval</font><font style="font-family:Arial;font-size:10pt;">" shall be construed as a reference to any approval, consent, authorisation, exemption, permit, licence, registration, filing or enrolment by or with any competent authority;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">authorisation</font><font style="font-family:Arial;font-size:10pt;">" includes an authorisation, consent, approval, resolution, licence, exemption, filing, registration or notarisation;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">currency</font><font style="font-family:Arial;font-size:10pt;">" is a reference to the lawful currency for the time being of the relevant country;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">disposal</font><font style="font-family:Arial;font-size:10pt;">" means a sale, transfer, grant, lease or other disposal, whether voluntary or involuntary, and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">dispose</font><font style="font-family:Arial;font-size:10pt;">" will be construed accordingly;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">any reference in the Transaction Documents to an action being "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">contemplated by</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">contemplated under</font><font style="font-family:Arial;font-size:10pt;">" or similar references in a Transaction Document shall, for the avoidance of doubt, not include an action which is expressly prohibited in such Transaction Document;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">set-off</font><font style="font-family:Arial;font-size:10pt;">" shall include analogous rights in other relevant jurisdictions;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxvii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">repay</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">redeem</font><font style="font-family:Arial;font-size:10pt;">" and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">pay</font><font style="font-family:Arial;font-size:10pt;">" shall each include both of the others and cognate expressions shall be construed accordingly; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxviii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">a "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">successor</font><font style="font-family:Arial;font-size:10pt;">" of any party shall be construed so as to include an assignee or successor in title of such party and any person who under the laws of the jurisdiction of incorporation or domicile of such party has assumed the rights and obligations of such party under any Transaction Document or to which, under such laws, such rights and obligations have been transferred; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxix)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">all references to the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Companies Act 2014 </font><font style="font-family:Arial;font-size:10pt;">" are to such legislation, each as may be modified, re-enacted, consolidated or superseded; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxx)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">acting reasonably</font><font style="font-family:Arial;font-size:10pt;">" or similar references means, in relation to the FleetCo Security Agent or the Transaction Agent (a)&#160;acting on the instructions of any of the Senior Noteholders pursuant to and in accordance with clause&#160;13.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Directions, Instructions, Amendments, Waivers and Modifications of Transaction Documents by the Transaction Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement and clause&#160;14.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Instructions to FleetCo Security Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement or (b)&#160;acting in a reasonable manner;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">134</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxxi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">consent or approval not to be unreasonably withheld</font><font style="font-family:Arial;font-size:10pt;">" or similar references mean, in relation to the FleetCo Security Agent or the Transaction Agent, that, in determining whether to give such consent or approval, the FleetCo Security Agent or the Transaction Agent (as applicable) shall have regard to the time necessary to seek and act upon the instructions of the Senior Noteholders pursuant to and in accordance with clause&#160;13.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Directions, Instructions, Amendments, Waivers and Modifications of Transaction Documents by the Transaction Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement and clause&#160;14.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Instructions to FleetCo Security Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxxii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">"</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">may reasonably direct</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">may reasonably request</font><font style="font-family:Arial;font-size:10pt;">" or "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">may reasonably require</font><font style="font-family:Arial;font-size:10pt;">" or similar references means, in relation to the FleetCo Security Agent or the Transaction Agent, such directions or requests acting on the instructions of any of the Senior Noteholders pursuant to and in accordance with clause&#160;13.4 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Directions, Instructions, Amendments, Waivers and Modifications of Transaction Documents by the Transaction Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement and clause&#160;14.2 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Instructions to FleetCo Security Agent</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxxiii)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the ratings of Vehicle Manufacturers in "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Vehicle Manufacturer Receivables (for which a FleetCo holds enforceable title)</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Vehicle Manufacturer</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Vehicle Manufacturer</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Vehicle Manufacturer Receivables</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Investment Grade Non-Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">", "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Non-Investment Grade Non-Programme Vehicles</font><font style="font-family:Arial;font-size:10pt;">" or any other ratings of Vehicle Manufacturers referred to in such definition or the definitions of "Credit Enhancement Matrix", "Concentration Limit" or related definitions shall mean, in respect of any date, such rating of the relevant Vehicle Manufacturer on the immediately preceding Calculation Date or the immediately preceding Intra-Month Cut-off Date, as applicable;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxxiv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the English Transaction Documents shall, in the context of (i)&#160;the Dutch FleetCo Deed of Charge, exclude the FleetCo Spanish Facility Agreement, the FleetCo German Facility Agreement, the Spanish FleetCo Deed of Charge, the German FleetCo Deed of Charge and the FleetCo Security Powers of Attorney granted under the Spanish FleetCo Deed of Charge and the German FleetCo Deed of Charge; (ii)&#160;the German FleetCo Deed of Charge, exclude the FleetCo Spanish Facility Agreement, the FleetCo Dutch Facility Agreement, the Spanish FleetCo Deed of Charge, the Dutch FleetCo Deed of Charge and the FleetCo Security Powers of Attorney granted under the Spanish FleetCo Deed of Charge and the Dutch FleetCo Deed of Charge; and (iii)&#160;the Spanish FleetCo Deed of Charge, exclude the FleetCo Dutch Facility Agreement, the FleetCo German Facility Agreement, the Dutch FleetCo Deed of Charge, the German FleetCo Deed of Charge and the FleetCo Security Powers of Attorney granted under the Dutch FleetCo Deed of Charge and the German FleetCo Deed of Charge;</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">135</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxxv)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">items (i)&#160;(Framework Agreement), (ii)&#160;(Master Definitions Agreement), (iii)&#160;(Funds Flow Agreement), (iv)&#160;(Tax Deed of Covenant), (xiii)&#160;(Central Servicing Agreement), (xiv)&#160;(FleetCo Back-up Cash Management Agreement), (xvi)&#160;(Finco Payment Guarantee), (xvii)&#160;(Parent Performance Guarantee), (xx)&#160;(Liquidation Agency Agreement) and (xxiv)&#160;(Lessor Power of Attorney) of the English Transaction Documents shall: (x)&#160;in the definition of Dutch FleetCo Deed of Charge and in the context of enforcement of the Dutch FleetCo Dutch Secured Property (as applicable) be construed as references to such items to the extent of the Dutch FleetCo Level Dutch Advances Proportion only; (y)&#160;in the definition of Spanish FleetCo Deed of Charge and in the context of enforcement of the Dutch FleetCo Spanish Secured Property (as applicable), be construed as references to such items to the extent of the Dutch FleetCo Level Spanish Advances Proportion only; and (z)&#160;in the definition of German FleetCo Deed of Charge and in the context of enforcement of the Dutch FleetCo German Secured Property (as applicable), be construed as references to such items to the extent of the Dutch FleetCo Level German Advances Proportion only; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10pt;padding-left:45px;"><font style="font-family:Arial;font-size:10pt;">(xxxvi)</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">the proceeds of enforcement of any security over the Dutch FleetCo Share Pledge and the Dutch FleetCo Management Documents shall be construed as being to the extent of the Dutch FleetCo Level Dutch Advances Proportion, Dutch FleetCo Level Spanish Advances Proportion or the Dutch FleetCo Level German Advances Proportion, as appropriate.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">use of the singular shall include the plural and vice versa;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">headings are for ease of reference only and shall be ignored in interpreting such Relevant Document;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.4</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">all notices to be given by any Party and all other communications and documentation which are in any way relevant to such Relevant Document or the performance or termination of such Relevant Document shall be in the English language;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.5</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">any statement qualified by reference to a party's state of knowledge, belief or awareness shall be deemed to include an additional statement that, before making it, the relevant party has made such enquiry as it would be reasonable to expect it to have made;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.6</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">the words "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">include</font><font style="font-family:Arial;font-size:10pt;">" and "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">including</font><font style="font-family:Arial;font-size:10pt;">" are to be construed without limitation; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.7</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">time shall be of the essence of such Relevant Document; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">2.8</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">a Default (other than an Event of Default) is "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">continuing</font><font style="font-family:Arial;font-size:10pt;">" if it has not been remedied or waived and an Event of Default is "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">continuing</font><font style="font-family:Arial;font-size:10pt;">" if it has not been waived. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Incorporation of Common Terms and Clause&#160;24 of the Framework Agreement</font></div></td></tr></table><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This Agreement shall have expressly and specifically incorporated into it the Common Terms and clause&#160;24 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Amendments, Waivers and Modifications</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement as though they were set out in full in this Agreement. If there is any conflict between this Agreement and the incorporated Common Terms or </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">136</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;padding-left:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">clause&#160;24 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Amendments, Waivers and Modifications</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement, such incorporated Common Terms and clause&#160;24 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Consents, Amendments, Waivers and Modifications</font><font style="font-family:Arial;font-size:10pt;">) of the Framework Agreement shall prevail.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">4</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Governing Law and Jurisdiction</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">This Agreement and any non-contractual obligations arising out of it or in connection with it shall be governed by English law.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">4.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The courts of England are to have jurisdiction to settle any disputes which may arise out of or in connection with this Agreement and accordingly any legal action or proceedings arising out of or in connection with this Agreement may be brought in such courts. The Parties irrevocably submit to the jurisdiction of such courts and waive any objection to Proceedings in such courts whether on the ground of venue or on the ground that the Proceedings have been brought in an inconvenient forum. These submissions are for the benefit of the Issuer Security Trustee, the FleetCo Security Agent and the Transaction Agent and shall not limit the right of the Issuer Security Trustee, the FleetCo Security Agent or the Transaction Agent to take Proceedings in any other court of competent jurisdiction nor shall the taking of Proceedings in any one or more jurisdictions preclude the taking of Proceedings in any other jurisdiction (whether concurrently or not).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:18px;padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">5</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Enforcement</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.1</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement (including a dispute relating to the existence, validity or termination of this Agreement or any non-contractual obligation arising out of or in connection with this Agreement).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.2</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">The Parties agree that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no such Party will argue to the contrary.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:9px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:45px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:145%;font-size:10.5pt;padding-left:0px;"><font style="font-family:Arial;font-size:10.5pt;font-weight:bold;">5.3</font></div></td><td style="vertical-align:top;"><div style="line-height:145%;text-align:justify;font-size:10.5pt;"><font style="font-family:Arial;font-size:10pt;">This Clause 24 (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">Enforcement</font><font style="font-family:Arial;font-size:10pt;">) is for the benefit of the Issuer Secured Creditors and the FleetCo Secured Creditors only. As a result, no Issuer Secured Creditor and no FleetCo Secured Creditor shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction. To the extent allowed by law, such Parties may take concurrent proceedings in any number of jurisdictions.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">137</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:145%;padding-bottom:16px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Schedule - <br>The Parties</font></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Part 1 <br>Opcos, Servicers and Lessees</font></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Opcos</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:3%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Opcos</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autovermietung GmbH &amp; Co. KG (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Opco</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRA 3033</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Italia S.p.A. (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis</font><font style="font-family:Arial;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">" and an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">421940586</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Alquile un Coche S.A. (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Opco</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A28152767</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autoverhuur B.V. (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Opco</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">33129079 in The Netherlands</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Location de Voitures SAS (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Opco</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">652 023 961 RCS Nanterre</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Maggiore Rent S.p.A. (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Opco</font><font style="font-family:Arial;font-size:10pt;">" and an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6771581003</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Servicers (excluding the Central Servicer)</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:3%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Servicers</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Alquile un Coche S.A. (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Servicer</font><font style="font-family:Arial;font-size:10pt;">") in respect of Dutch FleetCo's fleet in Spain</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A28152767 </font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In respect of Italian FleetCo: Avis Budget Italia S.p.A. (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">" and an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">421940586</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In respect of Italian FleetCo: Maggiore Rent S.p.A. (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">" and an "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6771581003</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In respect of French FleetCo: Avis Location de Voitures SAS (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Servicer</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">652 023 961 RCS Nanterre</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Lessees</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">138</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">AVIS Europe Fleet Financing Platform&#160;&#160;&#160;&#160;                                                                                                  LINKLATERS <br>Amended and Restated Master Definitions Agreement</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Execution Version</font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:3%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Lessees</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autovermietung GmbH &amp; Co. KG (as lessee under the Master German Fleet Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRA 3033</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Italia S.p.A. (as lessee under the Avis Italian Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">421940586</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Alquile un Coche S.A. (as lessee under the Spanish Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">A28152767</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autoverhuur B.V. (as lessee under the Master Dutch Fleet Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">33129079 in The Netherlands</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Location de Voitures SAS (as lessee under the French Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">652 023 961 RCS Nanterre</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Maggiore Rent S.p.A. (as lessee under the Maggiore Italian Master Lease Agreement)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6771581003</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Central Servicer</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:3%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Finance Company Ltd</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2123807</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">139</font></div></div><hr style="page-break-after:always"><div><a name="sD681862C77F9833EE7D9229CCBFCD9E4"></a></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Part 2 <br>FleetCos</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:3%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of FleetCos <br>Jurisdiction of incorporation and legal form</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">FinCar Fleet B.V., a private company with limited liability (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">besloten vennootschap met beperkte aansprakelijkheid</font><font style="font-family:Arial;font-size:10pt;">) (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">55227732</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fincar Fleet B.V., Sucursal en Espa&#241;a, the Spanish branch of FINCAR FLEET B.V. 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Fleet Co. S.A.p.A., a partnership limited by shares (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">97550851009</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">AB FleetCo a simplified limited stock company (</font><font style="font-family:Arial;font-size:10pt;font-style:italic;">soci&#233;t&#233; par actions simplifi&#233;e</font><font style="font-family:Arial;font-size:10pt;">) (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">799 383 997 R.C.S. Beauvais</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">140</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Part 3 <br>The Account Banks</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:3%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Name of Account Bank</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registration number (or equivalent, if any)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG, London Branch (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Account Bank</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number BR00005</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank S.A.E. 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style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number BR00005</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG, Amsterdam Branch  (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Account Bank</font><font style="font-family:Arial;font-size:10pt;">") </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number 33304583</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG, London Branch (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo Dutch Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number BR00005</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG, Paris Branch (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Account Bank</font><font style="font-family:Arial;font-size:10pt;">") </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number 310327481</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Deutsche Bank AG, London Branch (the "</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Account Bank Operator</font><font style="font-family:Arial;font-size:10pt;">")</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">HRB 30 000, branch number BR00005</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">141</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;padding-top:18px;text-align:center;font-size:11.5pt;"><font style="font-family:Arial;font-size:11.5pt;font-weight:bold;">Part 4 <br>The Senior Noteholders</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:47%;"></td><td style="width:3%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div 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style="font-family:Arial;font-size:10pt;">2118141</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managed and Enhanced Tap (Magenta) Funding S.T.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">520563479</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Matchpoint Finance plc</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">386704</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gresham Receivables (No. 34) UK Limited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">7807235</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">142</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">This Agreement has been entered into on the date stated at the beginning.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A34009889</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">143</font></div></div><hr style="page-break-after:always"><div><a name="s8570433AD01771D5E8E9229CCBFC83C0"></a></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:16px;text-align:center;font-size:12.5pt;"><font style="font-family:Arial;font-size:12.5pt;font-weight:bold;">Execution Page</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer and FCT Noteholder</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SIGNED AND DELIVERED AS A DEED </font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">for and on behalf of</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CARFIN FINANCE INTERNATIONAL DAC</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by its lawfully appointed attorney:</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Brian Muldoon</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Brian Muldoon</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:51.25858123569794%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:25%;"></td><td style="width:75%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Kathleen Athayde</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Kathleen Athayde</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#160;Floor, 1-2 Victoria Buildings <br>Haddington Road <br>Dublin 4, D04 XN32, Ireland</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Manager &#8211; Capital Markets</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">i</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Transaction Agent and Arranger</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of   </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:272px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;<br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Credit Agricole Corporate and Investment Bank <br>12 Place des Etats-Unis <br>CS 70052 <br>9f2547 Montrouge Cedex</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;<br> <br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:2px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.88558352402746%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Issuer Security Trustee</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The common seal of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE TRUSTEE COMPANY LIMITED </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">was affixed to this</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;in the presence of:</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Nick Rogivue</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name: Nick Rogivue</font></div><div style="padding-bottom:9px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title: Associate Director</font></div></td></tr><tr><td style="vertical-align:top;border-bottom:1px solid #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #00000a;border-right:1px solid #00000a;border-top:1px solid #00000a;"><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Clive Rakestrow</font></div><div 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style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Security Agent</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.17391304347826%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:27%;"></td><td style="width:73%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Credit Agricole Corporate and Investment Bank <br>12 Place des Etats-Unis <br>CS 70052 <br>9f2547 Montrouge Cedex</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">iv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Opcos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET AUTOVERMIETUNG GMBH &amp; CO. KG </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Opco</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Martin Gruber</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Martin Gruber</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Gerrit Schuurman</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ppa. Gerrit Schuurman</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autovermietung GmbH &amp; Co. KG <br>Zimmerm&#252;hlenweg 21 <br>61437 Oberursel</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director Finance</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">v</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Opcos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET ITALIA S.P.A.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian Opco</font><font style="font-family:Arial;font-size:10pt;">&#160;and an </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Opco</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amministratore Delegato</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Viale Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">vi</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Opcos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET ITALIA S.P.A. </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">VAT Sharing Italian Opco</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amministratore Delegato</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Viale Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">vii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Opcos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS ALQUILE UN COCHE S.A.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Opco</font><font style="font-family:Arial;font-size:10pt;">)</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Valerie Chenivesse</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Valerie Chenivesse</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">viii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Opcos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AVIS BUDGET AUTOVERHUUR B.V. </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Opco</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ L. Serkin</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">L. Serkin</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1 rue du Cal Leclerc, 92800 Puteaux</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Head of Legal WR EMEA</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ix</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Opcos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AVIS LOCATION DE VOITURES SAS</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Opco</font><font style="font-family:Arial;font-size:10pt;">)</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Massimo Marsili</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Massimo Marsili</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">President</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.63157894736842%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:27%;"></td><td style="width:73%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1 rue du Cal Leclerc, 92800 Puteaux</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Head of Legal WR EMEA</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">x</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Opcos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MAGGIORE RENT S.P.A.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Opco </font><font style="font-family:Arial;font-size:10pt;">and an</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;Italian Opco</font><font style="font-family:Arial;font-size:10pt;">)</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font 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Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Viale Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xi</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Servicers</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font 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style="font-family:Arial;font-size:10pt;">/s/ Paul Ford</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Paul Rollason</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div 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style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xiii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Servicers</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET ITALIA S.P.A.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Italian Servicer</font><font 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style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Viale Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Servicers</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AVIS LOCATION DE VOITURES SAS</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Servicer</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Massimo Marsili</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Massimo Marsili</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">President</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.63157894736842%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:27%;"></td><td style="width:73%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1 rue du Cal Leclerc, 92800 Puteaux</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Head of Legal WR EMEA</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xiv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Servicers</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MAGGIORE RENT S.P.A.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Maggiore Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">&#160;and an </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Servicer</font><font style="font-family:Arial;font-size:10pt;">)</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amministratore Delegato</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vialo Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Lessees</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET AUTOVERMIETUNG GMBH &amp; CO. KG </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Lessee</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Martin Gruber</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Martin Gruber</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:51.25858123569794%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:24%;"></td><td style="width:76%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Gerrit Schuurman</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ppa.Gerrit Schuurman</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Avis Budget Autovermietung GmbH &amp; Co. KG</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Zimmerm&#252;hlenweg 21</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">61437 Oberursel</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director Finance</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Lessees</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET ITALIA S.P.A.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as an </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Lessee</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ammistratore Delegato</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Viale Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xvi</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Lessees</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS ALQUILE UN COCHE S.A.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish</font><font style="font-family:Arial;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Lessee</font><font style="font-family:Arial;font-size:10pt;">)</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Valerie Chenivesse</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Valerie Chenivesse</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xvii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Lessees</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AVIS BUDGET AUTOVERHUUR B.V.</font><font style="font-family:inherit;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Lessee</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ L. Serkin</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">L. Serkin</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.63157894736842%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:27%;"></td><td style="width:73%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1 rue du Cal Leclerc, 92800 Puteaux</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Head of Legal WR EMEA</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xviii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Lessees</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">AVIS LOCATION DE VOITURES SAS </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Lessee</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Massimo Marsili</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Massimo Marsili</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">President</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:51.029748283752866%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:24%;"></td><td style="width:76%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1 rue du Cal Leclerc, 92800 Puteaux</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Head of Legal WR EMEA</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xix</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Lessees</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MAGGIORE RENT S.P.A. </font><font style="font-family:Arial;font-size:10pt;">(as an </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian Lessee</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amministratore Delegato</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Viale Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xx</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Holdings</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SIGNED AND DELIVERED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">for and on behalf of</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CARFIN FINANCE HOLDINGS DAC</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">by its lawfully appointed attorney:</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Brian Muldoon</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Brian Muldoon</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Kathleen Athayde</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Kathleen Athayde</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">st</sup></font><font style="font-family:Arial;font-size:10pt;">&#160;Floor, 1-2 Victoria Buildings <br>Haddington Road <br>Dublin 4, D04 XN32, Ireland</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Manager &#8211; Capital Markets</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxi</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The FleetCos</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FINCAR FLEET B.V.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:  /s/ P.D. Haverkamp-Idema</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">P.D. Haverkamp-Idema</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director A</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ N.S. Lo</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">N.S. Lo</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director B</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:1px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The FleetCos</font></div><div style="text-align:justify;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FINCAR FLEET B.V., SUCURSAL EN ESPA&#209;A </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo, Spanish Branch</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Beatriz Diez</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Beatriz Diez</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Representative</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:288px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxiii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The FleetCos</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET ITALIA S.P.A. FLEET CO. S.A.P.A. </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo</font><font style="font-family:Arial;font-size:10pt;">, Avis Italian VAT Loan Borrower and Maggiore Italian VAT Loan Borrower)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gianluca Testa</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amministratore Delegato</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Giacinto Napoli</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Viale Carmelo Bene, 70 Roma</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Direttore Flotta</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxiv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The FleetCos</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AB FLEETCO </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Pierre Dorier</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Pierre Dorier</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Legal representative of MAS France, President</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:53.31807780320366%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Fr&#233;d&#233;ric Leguide</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Fr&#233;d&#233;ric Leguide</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">8 rue Pasteur, 92270 &#8211; Bois - Colombes</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Parent</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET CAR RENTAL, LLC</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Rochelle Tarlowe</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rochelle Tarlowe</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Senior Vice President and Treasurer</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:53.31807780320366%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Amit Patel</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Amit Patel</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6 Sylvan Way, Parsippany, NJ USA 07054</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Senior Treasury Manager</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxvi</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:10%;"></td><td style="width:36%;"></td><td style="width:19%;"></td><td style="width:35%;"></td></tr><tr><td colspan="4" style="vertical-align:top;padding-left:1px;padding-top:2px;padding-bottom:2px;padding-right:1px;"><div style="padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Finco, Avis Italian VAT Lender, Maggiore Italian VAT Lender, Dutch VAT Lender </font><font style="font-family:Arial;font-size:10pt;">and </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">the Subordinated Lender</font></div><div style="padding-bottom:16px;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS FINANCE COMPANY LIMITED</font></div><div style="padding-bottom:4px;padding-top:4px;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Paul Rollason</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Paul Ford</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Paul Rollason</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Paul Ford</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:1px;"><div style="padding-bottom:4px;text-align:left;padding-left:1px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxvii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:9px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Avis Europe</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AVIS BUDGET EMEA LIMITED</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Paul Ford</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Paul Ford</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:53.31807780320366%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sarah d&#8217;Arifat</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1 rue du Cal Leclerc, 92800 Puteaux</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Head of Legal Western Region EMEA</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxviii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Account Banks</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK S.A.E.</font><font style="font-family:Arial;font-size:10pt;">&#160;(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Spanish Account Bank</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:  Jos&#233; Antonio Aldama</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Jos&#233; Antonio Aldama</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Javier Di Girolamo</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Javier Di Girolamo</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxix</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK S.P.A. </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Italian FleetCo Account Bank</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Maccioni Solidea Barbara</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Maccioni Solidea Barbara</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Di Biase Samuele</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Di Biase Samuele</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxx</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK AG </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">German Account Bank</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Bernd Birck</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Bernd Birck</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Vivek Garg</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vivek Garg</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:4px;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxi</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DEUTSCHE BANK AG, AMSTERDAM BRANCH</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch FleetCo</font><font style="font-family:Arial;font-size:10pt;">&#160;</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Dutch Account Bank</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Jan Roos</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Jan Roos</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Jeroen Blok</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Jeroen Blok</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK AG, PARIS BRANCH </font><font style="font-family:Arial;font-size:10pt;">(as </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French FleetCo Account Bank</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Catherine Bonnouvrier</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Catherine Bonnouvrier</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Julien Mongius</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Julien Mongius</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxiii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK AG, LONDON BRANCH </font><font style="font-family:Arial;font-size:10pt;">(as</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;Issuer Cash Manager, Issuer Account Bank, Dutch FleetCo Spanish Account Bank Operator, Dutch FleetCo German Account Bank Operator, Dutch FleetCo Dutch Account Bank Operator, French FleetCo Account Bank Operator, FleetCo German Back-up Cash Manager, FleetCo Italian Back-up Cash Manager, FleetCo Spanish Back-up Cash Manager, FleetCo French Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">&#160;and </font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FleetCo Dutch Back-up Cash Manager</font><font style="font-family:Arial;font-size:10pt;">)</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Nick Rogivue</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Nick Rogivue</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Clive Rakestrow</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Clive Rakestrow</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxiv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK AG, LONDON BRANCH </font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Harlan Rothman</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Harlan Rothman</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Roey Eyal</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Roey Eyal</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">AND INVESTMENT BANK</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.63157894736842%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:27%;"></td><td style="width:73%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Credit Agricole Corporate and Investment Bank <br>12 Place des Etats-Unis <br>CS 70052 <br>9f2547 Montrouge Cedex</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxvi</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:23%;"></td><td style="width:77%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="padding-bottom:9px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SCOTIABANK EUROPE PLC </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Mark Lee</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mark Lee</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:23%;"></td><td style="width:77%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Witnessed:</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">John O&#8217;Connor</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">John O&#8217;Connor</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director <br>Credit Risk Control</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">201 Bishopsgate, 6</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">th</sup></font><font style="font-family:Arial;font-size:10pt;">&#160;Floor <br>London, EC2M 3NS</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxvii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BLUE FINN S.A.R.L., BERTRANGE, ZOLLIKON BRANCH</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Paul K.C. Spiering</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Paul K.C. Spiering</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Branch Manager</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Andrei Gozia</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Andrei Gozia</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2 King Edward Street <br>London <br>EC1A 1HQ <br>UK</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Banking</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxviii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">SIGNED AND DELIVERED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">for and on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">ELEKTRA PURCHASE NO. 34 DAC</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Acting by its duly authorised Attorney</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Brian Buckley</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Brian Buckley</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Abbie O&#8217;Connor</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Abbie O&#8217;Connor</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">17 The Crescent <br>Inse Bay <br>Laytown <br>Co. Meath</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Administrator</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xxxix</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">JUPITER SECURITIZATION COMPANY LLC</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">By JPMorgan Chase Bank N.A., </font><font style="font-family:Arial;font-size:10pt;">its attorney-in-fact</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ John Lindsay</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">John Lindsay</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xl</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">JPMORGAN CHASE BANK, N.A.</font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ John Lindsay</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">John Lindsay</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Vice President</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xli</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MANAGED AND ENHANCED TAP (MAGENTA) FUNDING S.T.</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Julien Leleu</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Julien Leleu</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Directeur G&#233;n&#233;ral</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By:</font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xlii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:50%;"></td><td style="width:50%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">GIVEN</font><font style="font-family:Arial;font-size:10pt;">&#160;under the common seal of</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">MATCHPOINT FINANCE PUBLIC </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">LIMITED COMPANY</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of:</font></div><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">/s/ Brian McDonagh</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Brian McDonagh</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div><div style="padding-left:378px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">For and on behalf of Marsh Management Services (Dublin) Limited</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Secretary</font></div><div style="text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xliii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Senior Noteholder</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">GRESHAM RECEIVABLES (NO. 34) UK LIMITED</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Daniel Wynne</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:9px;padding-right:2px;"><div style="padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Daniel Wynne</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Josh Fitzmaurice</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Josh Fitzmaurice</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Third Floor <br>1King&#8217;s Arms Yard <br>London 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style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xliv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">French Intermediary Bank</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK </font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:53.31807780320366%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Credit Agricole Corporate and Investment Bank <br>12 Place des Etats-Unis <br>CS 70052 <br>9f2547 Montrouge Cedex</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xlv</font></div></div><hr 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colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Registrar</font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">DEUTSCHE BANK LUXEMBOURG S.A.</font><font style="font-family:inherit;font-size:10pt;">&#160;<br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Nick Rogivue</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Nick Rogivue</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attorney</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Clive Rakestrow</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Clive Rakestrow</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Attorney</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">xlix</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Servicer</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Edith Lusson</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.63157894736842%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:27%;"></td><td style="width:73%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Laurent Haik</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Credit Agricole Corporate and Investment Bank <br>12 Place des Etats-Unis <br>CS 70052 <br>9f2547 Montrouge Cedex</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">l</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT CARFIN</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Represented by Eurotitrisation</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EUROTITRISATION</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Julien Leleu</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Julien Leleu</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Directeur G&#233;n&#233;ral</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ C&#233;cile Fossati</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">C&#233;cile Fossati</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Eurotitrisation <br>SA au capital de 684000 EUR <br>Immeuble &#8220;Les Diamants&#8221; <br>41 rue Delizy 93500 Pantin <br>RCS Bobigny 352 458 368</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Legal</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">li</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Custodian</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CACEIS BANK FRANCE</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Carine Echelard</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Carine Echelard</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Magalie Albouy</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Magalie Albouy</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1-3 place Valhubert <br>75206 Paris Cedex 13</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Personal Assistant</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">lii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">FCT Registrar</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED AS A DEED</font><font style="font-family:Arial;font-size:10pt;">&#160;on behalf of</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CACEIS CORPORATE TRUST</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Lionel Barthelemy</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Lionel Barthelemy</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Directeur General D&#233;l&#233;gu&#233;</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Julie Huguet Lepers</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Julie Huguet Lepers</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1-3 place Valhubert <br>75206 Paris Cedex 13</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Responsable Juridique</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">liii</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Issuer Hedge Counterparty</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED </font><font style="font-family:Arial;font-size:10pt;">as a deed on behalf of</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">THE BANK OF NOVA SCOTIA</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Chris Kulina</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Chris Kulina</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Nikhil Varki</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Nikhil Varki</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The Bank of Nova Scotia <br>250 Vesey Street <br>New York, NY 10281</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">liv</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">The Issuer Hedge Counterparty</font></div><div style="padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">EXECUTED </font><font style="font-family:Arial;font-size:10pt;">as a deed on behalf of</font><font style="font-family:Arial;font-size:10pt;font-weight:bold;">&#160;</font></div><div style="padding-bottom:9px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK</font></div><div style="padding-bottom:4px;padding-top:4px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Rachel Tresser</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rachel Tresser</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Managing Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.8604118993135%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:26%;"></td><td style="width:74%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sam Pilcer</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sam Pilcer</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1301 Avenue of the Americas <br>New York, NY 10019</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Banker</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:49.4279176201373%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:20%;"></td><td style="width:80%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">By: /s/ Ashraf M. Khan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Ashraf M. Khan</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Title:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Director</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:226px;text-indent:45px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:284px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:52.63157894736842%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:27%;"></td><td style="width:73%;"></td></tr><tr><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">in the presence of /s/ Sam Pilcer</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Name:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Sam Pilcer</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Address:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1301 Avenue of the Americas <br>New York, NY 10019</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Occupation:</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:4px;padding-right:2px;"><div style="padding-bottom:4px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Banker</font></div></td></tr></table></div></div><div style="line-height:145%;padding-bottom:9px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">A33980217</font></div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">lv</font></div></div>	</body>
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