On February 24, 2020, SRS Investment Management LLC and its parties announced that it has entered into a 3rd amended and restated cooperation agreement with Avis Budget Group, Inc., whereby the parties agreed, among other things, that (i) during the standstill period, the SRS Parties will be entitled to appoint 3 directors to the board of directors of the Company, and (ii) the Company will include each of Brian Choi, Jagdeep Pahwa and Karthik Sarma, Bernardo Hees, Lynn Krominga, Glenn Lurie, and Carl Sparks in its slate of nominees for election as directors at the Company’s next annual meeting of stockholders and the Company will include the SRS Directors in its slate of nominees for election as directors at any meeting of stockholders during the Standstill Period at which directors are to be elected.