SECOND AMENDMENT TO THE AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF AXLE Holdings II, LLC

Exhibit 10.2

SECOND AMENDMENT

TO THE

AMENDED AND RESTATED

LIMITED LIABILITY COMPANY AGREEMENT

OF

AXLE Holdings II, LLC

This Second Amendment to the Amended and Restated Limited Liability Company Agreement of Axle Holdings II, LLC (this “Amendment”), effective as of November 5, 2013, amends the Amended and Restated Limited Liability Company Agreement of Axle Holdings II, LLC, dated May 25, 2005, as amended by the First Amendment thereto dated as of April 20, 2007 (as the same may be amended from time to time, the “Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings given such terms in the Agreement.

WHEREAS, the parties hereto desire to amend the Agreement in order to set forth the understanding with respect to the allocation and treatment of proceeds received by the Company upon the Axle Exit Event (as defined below) and any Remaining Shares (as defined below) held by the Company after the consummation of the Axle Exit Event;

WHEREAS, in anticipation of a Axle Exit Event, on November 5th, 2013, pursuant to a resolution duly adopted by the Board of Managers of the Company (the “In-Kind Distribution Resolution”), the Company approved an in-kind distribution of a certain number of shares of common stock of KAR Auction Services, Inc. to the Members set forth on Schedule A to such In-Kind Distribution Resolution in redemption of a number of Units held by such Members as set forth on Schedule A to such In-Kind Distribution Resolutions;

NOW THEREFORE, in accordance with Section 15.11 of the Agreement and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1. Amendments.

(a) Section 10.1(a) of the Agreement is hereby amended by adding the following clause before the words “Distributable Amounts” at the beginning of the last sentence of Section 10.1(a):

“Except as otherwise provided in Section 10.8 of this Agreement,”.

(b) A new Section 10.8 is hereby added to the Agreement, which Section 10.8 shall read as follows:

“Section 10.8 Exit Event Distribution. Notwithstanding anything to the contrary contained in this Agreement, including with respect to Section 10.1, in connection with the consummation of sale of common shares of KAR Auction Services, Inc. (“KAR Auction”) held indirectly by the Company through KAR Holdings II, LLC (“KAR LLC”), the parties acknowledge and agree that such sale shall be deemed to constitute an

Exit Event for all purposes hereunder (an “Axle Exit Event”) and the cash proceeds received by the Company in connection with the Axle Exit Event shall be distributed to the Members (or held back, as applicable) in accordance with the allocations set forth on Schedule 10.8(a) hereof. In addition, to the extent the Company holds any shares of common stock of KAR Auction after giving effect to the Axle Exit Event (the “Remaining Shares”), the indirect beneficial ownership in such Remaining Shares shall be allocated among the Members in accordance with the allocations set forth on Schedule 10.8(b) hereof. As a result of the foregoing, if any Remaining Shares are held after the consummation of the Axle Exit Event and the Company thereafter determines to sell all or a portion of such Remaining Shares (and distribute the proceeds in connection therewith) or if the Company thereafter determines to make an in-kind distribution of all or a portion of such Remaining Shares to the Members, then each Member will be entitled to a pro rata portion of such distributed cash or shares, as applicable, based on the relative percentage of each such Member set forth opposite the name of such Member on Schedule 10.8(b) hereof.

(c) A new Schedule 10.8(a) is hereby added to the Agreement and shall read in its entirety as set forth in Schedule 10.8(a) hereto.

(d) A new Schedule 10.8(b) is hereby added to the Agreement and shall read in its entirety as set forth in Schedule 10.8(b) hereto.

2. Headings. Headings in this Amendment are for convenience of reference only, and shall neither limit nor amplify the provisions of this Amendment.

3. Continuation of Agreement. Except as otherwise expressly provided herein, all of the terms and provisions of the Agreement shall remain in full force and effect and this Amendment shall not amend or modify any other rights, powers, duties, or obligations of any party to the Agreement.

4. Complete Agreement. This Amendment contains the entire agreement between the parties hereto with respect to the matters contained herein and supersedes and replaces any prior agreement between the parties with respect to the matters set forth in this Amendment.

5. Counterparts. This Amendment may be executed in any number of counterparts and any such counterparts may be transmitted by facsimile transmission, and each of such counterparts, whether an original or a facsimile of an original, shall be deemed to be an original and all of such counterparts together shall constitute a single agreement.

[Signatures appear on the following page.]

2

IN WITNESS WHEREOF, the parties have hereunto executed this Amendment as of the date first above written.

SCHEDULE 10.8(b) of AXLE LLC AGREEMENT AMENDMENT