Avis 2009 Annual Report Download - page 284

Exhibit 10.53(L)
AMENDING AGREEMENT NO. 11
MEMORANDUM OF AGREEMENT made as of the 9 day of November, 2009,
B E T W E E N:
WHEREAS the Avis General Partner, the Budget General Partner, the STARS Limited Partner and the Bay Street Limited Partner have
entered into a fourth amended and restated limited partnership agreement made as of the 20th day of April, 2005, as amended by amending
agreements between the parties dated October 11, 2005, July 7, 2006, December 11, 2006, November 21, 2007, February 12, 2008, March 5,
2008, April 30, 2008, June 16, 2008, December 22, 2008 and March 16, 2009 (collectively, the “ Limited Partnership Agreement ”);
AND WHEREAS the Avis General Partner, the Budget General Partner, the STARS Limited Partner and the Bay Street Limited Partner
wish to further amend the Limited Partnership Agreement;
AVISCAR INC.
,
a corporation incorporated under the laws of Canada,
(hereinafter referred to as “ Avis General Partner ”),
- and -
BUDGETCAR INC.,
a corporation existing under the laws of Canada,
(hereinafter referred to as “ Budget General Partner ”),
- and -
BNY TRUST COMPANY OF CANADA,
a trust company incorporated under the laws of Canada and registered to carry on the business of a trust
company in each of the provinces of Canada, in its capacity as trustee of STARS TRUST , a trust
established under the laws of the Province of Ontario,
(hereinafter referred to as the “ STARS Limited Partner ”),
- and -
MONTREAL TRUST COMPANY OF CANADA ,
a trust company incorporated under the laws of Canada and registered to carry on the business of a trust
company in each of the provinces in Canada, in its capacity as trustee of BAY STREET FUNDING
TRUST , a trust established under the laws of the Province of Ontario,
(hereinafter called the
“
Bay Street Limited Partner
”
).
th