Common use of PROGRAM ALLOWANCES Clause in Contracts

PROGRAM ALLOWANCES. The purchase amount shall be calculated beginning with dealer invoice including freight. Deducted from Dealer Invoice will be depreciation factored on the monthly depreciation rate times 12 months and divided by 365 days in the year multiplied by the number of days in service determined by the day the vehicle is returned to and accepted by General Motors in accordance with GM Turnback Standards & Procedures. • Return purchase amount will be net of calculated depreciation and applicable damage including MET items and/or mileage penalties as well as any other applicable administration fees as noted in the GM Turnback Standards & Procedures. • In-service date shall be five (5) days following the expiration in-transit date as shown on the factory invoice. • Out-of-service date shall be the date the vehicle is returned to an approved GM turn-in site provided the rental fleet customer meets all program parameters and completes the sign-off procedures. Vehicles are not eligible for Preferred Equipment Group (P.E.G.)/Option Group discounts. The following models are not eligible: Corvette, XLR, Van Conversions (including Hi-Cube and Stepvan), and Full Size Cargo Vans. Vehicles delivered from dealer inventory are not eligible for enrollment in the 2006 Daily Rental Purchase Program. Dealers will receive seven (7) additional days following the expiration of transit time before the invoice is due for payment, in lieu of interest credit days. Vehicle payment is due upon delivery to the fleet customer (if prior to invoice interest commencement date). By providing this additional allowance, interest reimbursements will not be made for vehicles arriving one (1) to seven (7) days after the expiration of transit time. Vehicles arriving more than ten (10) days after the interest commencement date are eligible for reimbursement under the GM In-Transit Credit Program.

PROGRAM ALLOWANCES. The purchase amount shall be calculated beginning with as a percent of dealer invoice including freight. Deducted from Dealer Invoice will be depreciation factored on the monthly depreciation rate times 12 months The purchase percentage varies month by month and divided by 365 days in the year multiplied by the number of days in service is determined by the day month the vehicle is returned to and accepted by General Motors in accordance with GM Turnback Standards & ProceduresAuction Guidelines. • Return Vehicles are assigned into one of the four tier groups. (Refer Attachment “A” for tier composition and Attachment “B” for respective tier monthly purchase amount percentage). • The daily purchase rate equals the change in the monthly rate divided by the number of calendar days for that month. • Depreciation from capitalized cost will be net based on specific purchase percentages of calculated depreciation dealer invoice, scaled by vehicle assignment into one of four tier groups. Purchase percentages vary by month of return to and applicable damage including MET items and/or mileage penalties acceptance by GM (out-of-service date as well as any other applicable administration fees as noted described in the GM Turnback Standards & ProceduresAttachment “B”). • In-service date shall be five (5) days following the expiration in-transit date as shown on the factory invoice. • Out-of-service date shall be the date the vehicle is returned to an approved GM turn-in site provided the rental fleet customer company meets all program parameters and completes the sign-off procedures. Vehicles are not eligible for Preferred Equipment Group (P.E.G.)/Option Group discounts. The following models are not eligible: XLR, Corvette, XLR, Van Conversions (including Hi-Cube and Stepvan), and Full Size Cargo Vans. Vehicles delivered from dealer inventory are not eligible for enrollment in the 2006 Daily Rental Purchase Program. Dealers will receive seven (7) additional days following the expiration of transit time before the invoice is due for payment, in lieu of interest credit days. Vehicle payment is due upon delivery to the fleet customer (if prior to invoice interest commencement date). By providing this additional allowance, interest reimbursements will not be made for vehicles arriving one (1) to seven (7) days after the expiration of transit time. Vehicles arriving more than ten (10) days after the interest commencement date are eligible for reimbursement under the GM In-Transit Credit Program.

PROGRAM ALLOWANCES. The purchase amount shall be calculated beginning with as a percent of dealer invoice including freight. Deducted from Dealer Invoice will be depreciation factored on the monthly depreciation rate times 12 months The purchase percentage varies month by month and divided by 365 days in the year multiplied by the number of days in service is determined by the day month the vehicle is returned to and accepted by General Motors in accordance with GM Turnback Standards & ProceduresAuction Guidelines. • Return Vehicles are assigned into one of the four tier groups. (Refer Attachment “A” for tier composition and Attachment “B” for respective tier monthly purchase amount percentage). • The daily purchase rate equals the change in the monthly rate divided by the number of calendar days for that month. • Depreciation from capitalized cost will be net based on specific purchase percentages of calculated depreciation dealer invoice, scaled by vehicle assignment into one of four tier groups. Purchase percentages vary by month of return to and applicable damage including MET items and/or mileage penalties acceptance by GM (out-of-service date as well as any other applicable administration fees as noted described in the GM Turnback Standards & ProceduresAttachment “B”). • In-service date shall be five (5) days following the expiration in-transit date as shown on the factory invoice. • Out-of-service date shall be the date the vehicle is returned to an approved GM turn-in site provided the rental fleet customer company meets all program parameters and completes the sign-off procedures. Vehicles are not eligible for Preferred Equipment Group (P.E.G.)/Option Group discounts. The following models are not eligible: XLR, Corvette, XLR, Van Conversions (including Hi-Cube and Stepvan), and Full Size Cargo Vans. Vehicles delivered from dealer inventory are not eligible for enrollment in the 2006 2005 Daily Rental Purchase Program. Dealers will receive seven (7) additional days following the expiration of transit time before the invoice is due for payment, in lieu of interest credit days. Vehicle payment is due upon delivery to the fleet customer (if prior to invoice interest commencement date). By providing this additional allowance, interest reimbursements will not be made for vehicles arriving one (1) to seven (7) days after the expiration of transit time. Vehicles arriving more than ten (10) days after the interest commencement date are eligible for reimbursement under the GM In-Transit Credit Program.