Common Contracts

October 7, 2009

Base Call Option Transaction • October 13th, 2009 • Avis Budget Group, Inc. • Services-auto rental & leasing (no drivers) • New York

• Contract Type
  Base Call Option Transaction
• Filed
  October 13th, 2009
• Company
  Avis Budget Group, Inc.
• Industry
  Services-auto rental & leasing (no drivers)
• Jurisdiction
  New York

The purpose of this letter agreement (this “Confirmation”) is to confirm the terms and conditions of the call option transaction entered into between JPMorgan Chase Bank, National Association, London Branch (“JPMorgan”) and Avis Budget Group, Inc. (“Counterparty”) as of the Trade Date specified below (the “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below. This Confirmation shall replace any previous agreements and serve as the final documentation for this Transaction.