factual

Where can I find the Second Amendment referenced in the Budget FDD?

Budget Franchise · 2025 FDD

Answer from 2025 FDD Document

Second Amendment, dated as of May 9, 2007, among AESOP Leasing L.P., as Borrower, PV Holding Corp., as a Permitted Nominee, Quartx Fleet Management, Inc., as a Permitted Nominee, and Avis Budget Rental Car Funding (AESOP) LLC, as Lender, to the Second Amended and Restated Loan Agreement, dated as of June 3, 2004 (Incorporated by reference to Exhibit 10.8 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2007, dated August 8, 2007).

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)

What This Means (2025 FDD)

According to Budget's 2025 Franchise Disclosure Document, the Second Amendment referenced is not the constitutional right to bear arms, but rather a legal document related to loan agreements. Specifically, it refers to the "Second Amendment, dated as of May 9, 2007, among AESOP Leasing L.P., as Borrower, PV Holding Corp., as a Permitted Nominee, Quartx Fleet Management, Inc., as a Permitted Nominee, and Avis Budget Rental Car Funding (AESOP) LLC, as Lender, to the Second Amended and Restated Loan Agreement, dated as of June 3, 2004."

This document is incorporated by reference to Exhibit 10.8 of the company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2007, dated August 8, 2007. This means that the full text of the Second Amendment is not included directly in the FDD but can be found in the referenced exhibit to the company's quarterly report.

For a prospective Budget franchisee, this information is relevant if they are interested in understanding the financial obligations and agreements of the parent company, particularly those related to leasing and financing. Reviewing these referenced documents can provide a deeper understanding of Budget's financial structure and any potential liabilities or obligations that could indirectly affect franchisees.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.