FIRST AMENDMENT TO SERVICES AGREEMENT
This First Amendment of Services Agreement is dated as of the
1st day of January, 1996, by and between NATIONAL AUTO FINANCE CORPORATION
("NAFCORP") and NATIONAL FINANCIAL CORPORATION, or its designee, National
Financial Companies, LLC ("NFC").
RECITALS
A. NAFCORP and NFC have executed and delivered that certain
Services Agreement, dated December 29, 1994 (as amended, the "Services
Agreement").
B. NAFCORP is the general partner of National Auto Finance
Company L.P. and Auto Credit Clearinghouse L.P. and the parties hereto desire
to extend the Services Agreement to include both partnerships.
NOW, THEREFORE, in accordance with these premises and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledge, the parties hereby agree as follows:
1. ACCH. All references to the "Partnership" in the Services
Agreement shall mean the collective reference to (1) National Auto Finance
Company L.P. and (2) Auto Credit Clearinghouse L.P.
2. NFC. All references to "NFC" in the Services Agreement
shall mean NFC.
3. Prices of Services. The first sentence of Section 2 of the
Services Agreement is hereby deleted in its entirety. Schedule A to the
Services Agreement is hereby deleted in its entirety.
4. Notices. All notices to ACCH under the Services Agreement
shall be sent care of NAFCORP.
5. Effect of this Agreement. The Services Agreement, as
amended hereby, is hereby ratified and confirmed in full force and effect for
all purposes.
IN WITNESS WHEREOF, each party hereto has caused this First
Amendment to Services Agreement have duly executed and delivered as of the date
first above written.
NATIONAL FINANCIAL CORPORATION
By:_______________________________
Name:_____________________________
Title:____________________________
NATIONAL AUTO FINANCE CORPORATION
By:_______________________________
Name:_____________________________
Title:____________________________
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