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 47,050 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 | |
| | | | | | | |
