0001395942-19-000016 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 21st, 2019 • KAR Auction Services, Inc. • Retail-auto dealers & gasoline stations • Indiana

This Employment Agreement (this “Agreement”), dated and effective January 25, 2018 (“Effective Date”), is entered into by and between KAR Auction Services, Inc. (“Employer”) and John C. Hammer (“Employee”).

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KAR Auction Services, Inc. RESTRICTED STOCK UNIT AGREEMENT
Omnibus Stock and Incentive Plan • February 21st, 2019 • KAR Auction Services, Inc. • Retail-auto dealers & gasoline stations • Delaware

THIS AGREEMENT (the “Agreement”) is made between KAR Auction Services, Inc., a Delaware corporation (the “Company”), and [NAME] (the “Recipient”) pursuant to the KAR Auction Services, Inc. 2009 Omnibus Stock and Incentive Plan, as amended (the “Plan”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Plan. The parties hereto agree as follows:

EIGHTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT dated as of December 18, 2018 among AFC FUNDING CORPORATION, as Seller, AUTOMOTIVE FINANCE CORPORATION, as Servicer, The entities from time to time parties hereto as Purchasers or Purchaser...
Receivables Purchase Agreement • February 21st, 2019 • KAR Auction Services, Inc. • Retail-auto dealers & gasoline stations • Indiana

This EIGHTH AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, originally dated as of December 31, 1996, amended and restated as of May 31, 2002, as of June 15, 2004, as of April 20, 2007, as of April 26, 2011, as of June 21, 2013, as of June 16, 2015, as of December 20, 2016 and as of December 18, 2018 (as further amended, supplemented or otherwise modified from time to time, the “Agreement”) is entered into among AFC FUNDING CORPORATION, an Indiana corporation, as seller (the “Seller”), AUTOMOTIVE FINANCE CORPORATION, an Indiana corporation (“AFC”), as initial servicer (in such capacity, together with its successors and permitted assigns in such capacity, the “Servicer”), the entities from time to time parties hereto as Purchasers or Purchaser Agents and BANK OF MONTREAL, a Canadian chartered bank, as agent for the Purchasers (in such capacity, together with its successors and assigns in such capacity, the “Agent”).

Contract
Receivables Purchase Agreement • February 21st, 2019 • KAR Auction Services, Inc. • Retail-auto dealers & gasoline stations • Ontario

Portions of this Exhibit have been omitted based upon a request for confidential treatment. This Exhibit, including the non-public information, has been filed separately with the Securities and Exchange Commission. "[*]" designates portions of this document that have been redacted pursuant to the request for confidential treatment filed with the Securities and Exchange Commission.

AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
Employment Agreement • February 21st, 2019 • KAR Auction Services, Inc. • Retail-auto dealers & gasoline stations

This Amendment No. 2 to Employment Agreement (this “Amendment”), dated this 20th day of February, 2019, is effective as of February 18, 2019 (the “Effective Date”), except as specifically set forth below. This Amendment is entered into by and between KAR Auction Services, Inc. (“Employer”) and Don Gottwald (“Employee”). This Amendment amends the March 24, 2014 Employment Agreement, as amended effective as of July 18, 2017 (the “Agreement”) between Employer and Employee pursuant to Paragraph 10(d) of the Agreement.

AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT
Employment Agreement • February 21st, 2019 • KAR Auction Services, Inc. • Retail-auto dealers & gasoline stations

This Amendment No. 2 to Employment Agreement (this “Amendment”), dated this 8th day of January, 2019, is effective as of January 7, 2019 (the “Effective Date”). This Amendment is entered into by and between KAR Auction Services, Inc. (“Employer”) and Peter Kelly (“Employee”). This Amendment amends the December 17, 2013 Employment Agreement, as amended on December 31, 2014 (the “Agreement”) between Employer and Employee pursuant to Paragraph 10(d) of the Agreement and is effective as of the Effective Date.

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