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The following is an excerpt from a S-1 SEC Filing, filed by VANGUARD CAR RENTAL GROUP INC. on 8/2/2006.
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VANGUARD CAR RENTAL GROUP INC. - S-1 - 20060802 - EXHIBIT_10

 

Exhibit 10.37

 

Certain portions of this exhibit have been omitted pursuant to a request for confidential treatment as indicated by [REDACTED] and separately filed with the Commission.

 

daimlerchrysler

 

August 10, 2005

DaimlerChrysler
Motors Company LLC

Fleet Operations

Mr. Bill Lobeck

Vanguard Car Rental USA Inc.

PO Box 22233

Tulsa, OK 74121-2233

 

Dear Bill,

 

This letter is to confirm our agreement for 2006MY GDP and Risk purchases from Vanguard Car Rental USA Inc., a total of [REDACTED] units.

 

DaimlerChrysler is in agreement to provide Vanguard a total GDP allocation of [REDACTED] units as follows:

 

Body Model

 

Volume

 

Sebring/Stratus Sedan

 

 

 

Sebring Convertible

 

 

 

Magnum

 

 

 

300/300C

 

 

 

Liberty

 

 

 

PT Cruiser

 

[REDACTED]

 

PT Cruiser Convertible

 

 

 

Gr. Caravan/Town & Country

 

 

 

Durango

 

 

 

Pacifica

 

 

 

Gr. Cherokee 4X2/4X4

 

 

 

Commander

 

 

 

Total

 

 

 

 

Note:   All GDP orders must include your Client Code 4PK . DaimlerChrysler Fleet Account Number (FAN) 52540 and GDP Program Order Code 3SM .

 

As part of the commitment made between DaimlerChrysler and Vanguard, DaimlerChrysler agrees to offer a special Daily Rental Incentive Program (DRIP) for these units. A payment of $ [REDACTED] per unit will be issued monthly to Vanguard as orders are delivered (KZ X status) and reported sold. Vanguard agrees to order [REDACTED] 2006MY vehicles for delivery by December 31, 2005.

 

All GDP units will be eligible to be “taken out” of the GDP Program at the end of their in-service time.   Such units will be eligible for the Non Return Allowance Program. [REDACTED]

 

DaimlerChrysler Motors Company LLC
800 Chrysler Drive   CIMS 48348-15
Auburn Hills MI USA   48326-2757

A Company of the DaimlerChrysler Group

 



 

Vanguard agrees to purchase the following [REDACTED] Risk units, with incentives as listed:

 

 

 

 

 

Daily Rental

 

 

 

 

 

Body

 

Minimum

 

Purchase

 

Additional

 

 

 

Model

 

Volume

 

Allowance

 

Risk Incentive

 

Total

 

Liberty 4X2/4X4

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

PT Cruiser Conv.

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

Wrangler

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

Grand Cherokee 4X2/4X4

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

[REDACTED]

 

Total

 

[REDACTED]

 

 

 

 

 

 

 

 

1.                                        The published “Daily Rental Purchase Allowance” will be an invoice credit per Program Rules.

 

2.                                        Additional risk incentives will be paid monthly based on the following:

 

                                            Proper coding of orders. Orders must include Risk Program Order Code 3B8” , your Client Code 4PK and DaimlerChrysler FAN 52540 .

 

                                            Submission of correctly processed NVDR’s. All sales must be reported as a Type 7 sale with the program code number 37A5V .

 

4.                                        Minimum volume must be achieved or only the Daily Rental Purchase Allowance will be paid and the additional Risk Incentive will be forfeited.

 

We appreciate your business Bill, and look forward to working together in the future. Please let us know if you have any questions or there is anything else we can assist you with in the future.

 

Sincerely,

 

 

/s/ F. E. Dankovich

 

 

F. E. Dankovich

Concur

/s/ W. J. Havey

 

Sr. Manager Daily Rental Sales

W. J. Havey, Controller

 

 

 

 

Concur

 /s/ Bill Lobeck

 

Concur

/s/ Tom Kennedy

 

 

Bill Lobeck, President and CEO

Tom Kennedy, CFO

 

Vanguard Car Rental USA Inc.

Vanguard Car Rental USA Inc.

 

 

 

 

Concur

 /s/ Bill Lobeck

Concur

/s/ Barry Benoit

 

 

Bill Lobeck, President and CEO

Barry Benoit, VP of Fleet

 

Vanguard Car Rental USA Inc.

Vanguard Car Rental USA Inc.

 

 

 

 

CC:

D. L Campau

 

 

P. W. Dougherty

 

 

G.M. Agostinelli

 

 

 

 


 


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