On November 5, 2009, following approval by the Board of Directors of Avis Budget Group, Inc. (the "Company"), the Company amended and restated in their entirety the Company's Amended and Restated By-Laws (as so amended and restated, the "Amended By-Laws") principally to adopt a majority voting standard in uncontested director elections. The Amended By-Laws also reflect certain related changes, clarifications and corrections and became effective immediately upon adoption by the Board. The foregoing description of the Amended By-Laws is qualified in its entirety by reference to the Amended By-Laws, a copy of which is attached as Exhibit 3.2 and incorporated herein by reference.

(d) Exhibits.

The following exhibit is filed as part of this report:

Exhibit No.   Description
    3.2       Amended and Restated Bylaws of Avis Budget Group,
              Inc. (as of November 5, 2009)