Exhibit 10.1
Execution Version

FIRST AMENDMENT
FIRST AMENDMENT under the Credit Agreement referred to below, dated as of
February 3, 2017 (this “Amendment”), among THE HERTZ CORPORATION, a Delaware
corporation (together with its successors and assigns, the “Parent Borrower”),
the several banks and other financial institutions parties hereto as Lenders and
the Administrative Agent (as defined below).
RECITALS
WHEREAS, the Parent Borrower is party to that certain Credit Agreement, dated as
of June 30, 2016 (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among the Parent Borrower,
the several banks and other financial institutions from time to time parties
thereto, Barclays Bank PLC, as administrative agent (in such capacity, the
“Administrative Agent”) and collateral agent (in such capacity, the “Collateral
Agent”), Credit Agricole Corporate and Investment Bank, as syndication agent,
and Bank of America, N.A., Bank of Montreal, BNP Paribas, Citibank, N.A.,
Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Royal Bank of Canada, each
as a co-documentation agent; and
WHEREAS, the Parent Borrower has requested that the Lenders consent to the
amendments to the Credit Agreement as set forth herein.
NOW, THEREFORE, in consideration of the covenants and agreements contained
herein, as well as other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
Section 1.Defined Terms. Capitalized terms used but not defined herein shall
have the meanings assigned to such terms in the Credit Agreement.
Section 2.    Amendment.
(a)    Section 1.1 of the Credit Agreement (Defined Terms) is hereby amended as
follows:
(i)        in the definition of “Consolidated EBITDA”, by deleting clause (y)
and inserting in lieu thereof the following:
“(y) solely when pro forma effect is to be given to Sales, Purchases or other
related transactions for purposes of calculation of the “Consolidated First Lien
Leverage Ratio,” “Consolidated Gross Total Corporate Leverage Ratio” and/or
“Consolidated Total Leverage Ratio” as applicable, the amount of net cost
savings projected by the Parent Borrower in good faith to be realized as the
result of actions taken or to be taken on or prior to the date that is 24 months
after the Closing Date, or 24 months after the consummation of any such Sale,
Purchase or other related transaction, respectively (calculated on a pro forma
basis as though such cost savings had been

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realized on the first day of such period), net of the amount of actual benefits
realized during such period from such actions (provided that the aggregate
amount of such net cost savings included in Consolidated EBITDA pursuant to this
clause (y) for any four consecutive quarter period shall not exceed 20% of
Consolidated EBITDA for such period (calculated after giving effect to any
adjustment pursuant to this clause (y) (which adjustments may be incremental to
pro forma adjustments made pursuant to the proviso to the definition of
“Consolidated First Lien Leverage Ratio” or “Consolidated Total Corporate
Leverage Ratio”) and such cost savings shall be reasonably identifiable and
factually supportable as determined in good faith by the Parent Borrower).”
(ii)        by deleting the definition of “Consolidated First Lien Indebtedness”
and inserting in lieu thereof the following:
““Consolidated First Lien Indebtedness”: as of any date of determination, an
amount equal to (a) the Consolidated Total Corporate Indebtedness (for purposes
of this definition, (i) without regard to clause (4) of the definition thereof
and (ii) with respect to clause (2) of the definition thereof, without any
deduction in respect of any Indebtedness (A) of a Special Purpose Subsidiary
secured by a Lien on Customer Receivables or otherwise Incurred in connection
with a Financing Disposition of Customer Receivables or (B) otherwise Incurred
in connection with a Special Purpose Financing consisting of Customer
Receivables) as of such date that is then either (1) secured by Liens on the
Collateral securing the Obligations under the Loan Documents or (2) consists of
Indebtedness of the type referenced in clause (ii) of the parenthetical above
(other than in the case of each of the foregoing clauses (1) and (2), (x)
Indebtedness secured by a Lien ranking junior to or subordinated to the Lien
securing the Obligations under the Loan Documents and (y) property or assets
held in a defeasance or similar trust or arrangement for the benefit of the
Indebtedness secured thereby) minus (b) Unrestricted Cash.”
(iii)        by deleting the definition of “Consolidated First Lien Leverage
Ratio” and inserting in lieu thereof the following:
““Consolidated First Lien Leverage Ratio”: as of any date of determination, the
ratio of (x) Consolidated First Lien Indebtedness as at such date (after giving
effect to any Incurrence or Discharge of Indebtedness on such date; provided
that for purposes of this definition, (i) Consolidated First Lien Indebtedness
shall be calculated, without duplication, after giving pro forma effect to the
entire amount of the Outstanding Revolving Commitments and the entire committed
amount of any other revolving credit facility (less the aggregate then undrawn
and unexpired amount of the then outstanding letters of credit under such
revolving credit facility) of the Parent Borrower and its Restricted
Subsidiaries that is secured on a pari passu basis by the same Collateral
securing the Loans and (ii) until the Netting Cap Fall-Away Date, the amount of
Unrestricted Cash deducted pursuant to clause (b) of the definition of
“Consolidated First Lien Indebtedness” shall not exceed $500.0 million) to (y)
the aggregate amount of Consolidated

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EBITDA for the period of the Most Recent Four Quarter Period ending prior to the
date of such determination for which consolidated financial statements of the
Parent Borrower are available (in each of the foregoing clauses (x) and (y),
determined for any four fiscal quarter period (or portion thereof) ending
immediately prior to the Closing Date, on a pro forma basis to give effect to
the Spin-Off Transactions as if they had occurred at the beginning of such four
quarter period), provided, that:
(1)        if since the beginning of such period the Parent Borrower or any
Restricted Subsidiary shall have made a Sale (including any Sale occurring in
connection with a transaction causing a calculation to be made hereunder), the
Consolidated EBITDA for such period shall be reduced by an amount equal to the
Consolidated EBITDA (if positive) attributable to the assets that are the
subject of such Sale for such period or increased by an amount equal to the
Consolidated EBITDA (if negative) attributable thereto for such period;
(2)    if since the beginning of such period the Parent Borrower or any
Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a
Purchase (including any Purchase occurring in connection with a transaction
causing a calculation to be made hereunder), Consolidated EBITDA for such period
shall be calculated after giving pro forma effect thereto as if such Purchase
occurred on the first day of such period; and
(3)        if since the beginning of such period any Person became a Restricted
Subsidiary or was merged or consolidated with or into the Parent Borrower or any
Restricted Subsidiary, and since the beginning of such period such Person shall
have made any Sale or Purchase that would have required an adjustment pursuant
to clause (1) or (2) above if made by the Parent Borrower or a Restricted
Subsidiary since the beginning of such period, Consolidated EBITDA for such
period shall be calculated after giving pro forma effect thereto as if such Sale
or Purchase occurred on the first day of such period.
For purposes of this definition, whenever pro forma effect is to be given to any
Sale, Purchase or other transaction, or the amount of income or earnings
relating thereto, the pro forma calculations in respect thereof (including in
respect of anticipated cost savings or synergies relating to any such Sale,
Purchase or other related transaction (subject, in each case, to the provisions
and limitations set forth in the definition of “Consolidated EBITDA”)) shall be
as determined in good faith by the Parent Borrower. For the avoidance of doubt,
the cap on netting of Unrestricted Cash specified in clause (ii) of the proviso
to clause (x) above shall terminate and be of no further effect after the
Netting Cap Fall-Away Date.”

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(iv)     by deleting the last paragraph of the definition of “Consolidated Total
Corporate Leverage Ratio” and inserting in lieu thereof the following:
“For purposes of this definition, whenever pro forma effect is to be given to
any Sale, Purchase or other transaction, or the amount of income or earnings
relating thereto, the pro forma calculations in respect thereof (including in
respect of anticipated cost savings or synergies relating to any such Sale,
Purchase or other related transaction (subject, in each case, to the provisions
and limitations set forth in the definition of “Consolidated EBITDA”)) shall be
as determined in good faith by the Parent Borrower.”
(v)    by deleting the definition of “Outstanding Revolving Commitments” and
replacing it with the following:
““Outstanding Revolving Commitments”: as of any date of determination, (a) the
aggregate amount of Revolving Commitments at such time minus (b) the aggregate
amount of L/C Obligations outstanding pursuant to clause (a) of the definition
thereof at such time; provided that the aggregate amount deducted pursuant to
this clause (b) of this definition shall not exceed $800.0 million.”
(vi)     by deleting clause (A) in the second parenthetical in clause (i) of the
definition of “Maximum Incremental Facilities Amount” and inserting in lieu
thereof the following:
“(A) [reserved],”
(vii)        by deleting the reference to “(A)” in the second line of the
definition of “Consolidated Total Corporate Indebtedness”;
(viii)    to add the following new definitions, to appear in proper alphabetical
order:
“Consolidated Gross Total Corporate Leverage Ratio”: as of any date of
determination, the ratio of (x) Consolidated Total Corporate Indebtedness as at
such date (after giving effect to any Incurrence or Discharge of Indebtedness on
such date; provided that for purposes of this definition, Consolidated Total
Corporate Indebtedness shall be calculated without giving effect to the
deduction for Unrestricted Cash in clause (4) of the definition of “Consolidated
Total Corporate Indebtedness”) to (y) the aggregate amount of Consolidated
EBITDA for the period of the Most Recent Four Quarter Period ending prior to the
date of such determination for which consolidated financial statements of the
Parent Borrower are available (in each of the foregoing clauses (x) and (y),
determined for any four fiscal quarter period (or portion thereof) ending
immediately prior to the Closing Date, on a pro forma basis to give effect to
the Spin-Off Transactions as if they had occurred at the beginning of such four
quarter period), provided, that:

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(1)        if since the beginning of such period the Parent Borrower or any
Restricted Subsidiary shall have made a Sale (including any Sale occurring in
connection with a transaction causing a calculation to be made hereunder), the
Consolidated EBITDA for such period shall be reduced by an amount equal to the
Consolidated EBITDA (if positive) attributable to the assets that are the
subject of such Sale for such period or increased by an amount equal to the
Consolidated EBITDA (if negative) attributable thereto for such period;
(2)        if since the beginning of such period the Parent Borrower or any
Restricted Subsidiary (by merger, consolidation or otherwise) shall have made a
Purchase (including any Purchase occurring in connection with a transaction
causing a calculation to be made hereunder), Consolidated EBITDA for such period
shall be calculated after giving pro forma effect thereto as if such Purchase
occurred on the first day of such period; and
(3)        if since the beginning of such period any Person became a Restricted
Subsidiary or was merged or consolidated with or into the Parent Borrower or any
Restricted Subsidiary, and since the beginning of such period such Person shall
have made any Sale or Purchase that would have required an adjustment pursuant
to clause (1) or (2) above if made by the Parent Borrower or a Restricted
Subsidiary since the beginning of such period, Consolidated EBITDA for such
period shall be calculated after giving pro forma effect thereto as if such Sale
or Purchase occurred on the first day of such period.
For purposes of this definition, whenever pro forma effect is to be given to any
Sale, Purchase or other transaction, or the amount of income or earnings
relating thereto, the pro forma calculations in respect thereof (including in
respect of anticipated cost savings or synergies relating to any such Sale,
Purchase or other related transaction (subject, in each case, to the provisions
and limitations set forth in the definition of “Consolidated EBITDA”)) shall be
as determined in good faith by the Parent Borrower.
“Corporate Indebtedness”: any Indebtedness that does not constitute Consolidated
Vehicle Indebtedness.
“First Amendment Effective Date”: February 3, 2017.
“Netting Cap Fall-Away Date”: the first date on which the Consolidated Gross
Total Corporate Leverage Ratio would be equal to or less than 6.00:1.00 as of
the last day of two consecutive Most Recent Four Quarter Periods ending after
December 31, 2017 for which consolidated financial statements of the Parent
Borrower are available.

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“RP Blocker Termination Date”: the first date on which the Consolidated Total
Corporate Leverage Ratio would be equal to or less than 4.00:1.00 as of the last
day of two consecutive Most Recent Four Quarter Periods for which consolidated
financial statements of the Parent Borrower are available.
(b)    Clause (p) of Section 8.2 of the Credit Agreement (Limitation on Liens)
is hereby amended by deleting the following language:
“(A) for purposes of so calculating the Consolidated First Lien Leverage Ratio
under this clause (i), pro forma effect shall be given to the entire amount of
the Outstanding Revolving Commitments and the entire committed amount of any
other revolving credit facility (less the aggregate then undrawn and unexpired
amount of the then outstanding letters of credit under such revolving credit
facility) of the Parent Borrower and its Restricted Subsidiaries that is secured
on a pari passu basis by the same Collateral securing the Loans and (B)”
(c)    Clause (b)(vii) of Section 8.5 of the Credit Agreement (Limitation on
Restricted Payments) is hereby amended by adding the following proviso at the
end of such clause (b)(vii):
“provided, further, that the Parent Borrower shall not make any Restricted
Payment that is a dividend or distribution on or in respect of, or a purchase,
redemption, retirement or other acquisition for value of, Capital Stock of the
Parent Borrower pursuant to this Section 8.5(b)(vii) until the RP Blocker
Termination Date;”
(d)    Section 8.9 of the Credit Agreement (Financial Covenant) is hereby
amended and restated in its entirety as follows:
“8.9    Financial Covenant.        Commencing with the fiscal quarter ending
December 31, 2016, the Parent Borrower shall not permit the Consolidated First
Lien Leverage Ratio as at the last day of the Most Recent Four Quarter Period
ending during any period set forth below to exceed the ratio set forth below
opposite such period below:
Fiscal Quarter Ending
Consolidated First Lien
Leverage Ratio
December 31, 2016
3.00:1.00
March 31, 2017
3.25:1.00
June 30, 2017
3.25:1.00
September 30, 2017
3.25:1.00
December 31, 2017, and each March 31, June 30 and September 30 ending thereafter
3.00:1.00

”

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(e)    Section 8 of the Credit Agreement (Negative Covenants) is hereby amended
by adding the following as a new Section 8.10 to the Credit Agreement:
“8.10    Limitation on Corporate Indebtedness.        (a) The Parent Borrower
will not, and will not permit any Restricted Subsidiary to, Incur any Corporate
Indebtedness; provided, however, that the Parent Borrower or any Restricted
Subsidiary may Incur Corporate Indebtedness if on the date of the Incurrence of
such Corporate Indebtedness, after giving effect to the Incurrence thereof,
either (x) the Consolidated Gross Total Corporate Leverage Ratio would be equal
to or less than 6.00:1.00 or (y) the Consolidated Total Corporate Leverage Ratio
would be equal to or less than 4.25:1.00.
(b)        Notwithstanding the foregoing Section 8.10(a), the Parent Borrower
and its Restricted Subsidiaries may Incur the following Corporate Indebtedness:
(i)     Indebtedness Incurred pursuant to the Loan Documents or any other Credit
Facility (including but not limited to in respect of letters of credit or
bankers’ acceptances issued or created thereunder) and Indebtedness Incurred
other than under any Credit Facility, and (without limiting the foregoing), in
each case, any Refinancing Indebtedness in respect thereof, in each case under
this clause (i) in a maximum principal amount at any time outstanding not
exceeding in the aggregate the amount equal to (A) $2,400.0 million, plus (B) in
the event of any refinancing of any such Indebtedness, the aggregate amount of
fees, underwriting discounts, premiums and other costs and expenses incurred in
connection with such refinancing;
(ii)     Indebtedness (A) of any Restricted Subsidiary to the Parent Borrower or
(B) of the Parent Borrower or any Restricted Subsidiary to any Restricted
Subsidiary; provided, that any subsequent issuance or transfer of any Capital
Stock of such Restricted Subsidiary to which such Indebtedness is owed, or other
event, that results in such Restricted Subsidiary ceasing to be a Restricted
Subsidiary or any other subsequent transfer of such Indebtedness (except to the
Parent Borrower or a Restricted Subsidiary) will be deemed, in each case, an
Incurrence of such Indebtedness by the issuer thereof not permitted by this
clause (ii);
(iii)     any Indebtedness (other than the Indebtedness described in clause (ii)
above) outstanding on the First Amendment Effective Date and any Refinancing
Indebtedness Incurred in respect of any Indebtedness described in this clause
(iii) or Section 8.10(a);
(iv)     (A) Capitalized Lease Obligations in an aggregate principal amount at
any time outstanding not exceeding $50.0 million and (B) Purchase Money
Obligations, and in each case any Refinancing Indebtedness with respect thereto;

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(v)Indebtedness consisting of accommodation guarantees for the benefit of trade
creditors of the Parent Borrower or any of its Restricted Subsidiaries;
(vi)(A) Guarantees by the Parent Borrower or any Restricted Subsidiary of
Indebtedness or any other obligation or liability of the Parent Borrower or any
Restricted Subsidiary (other than any Corporate Indebtedness Incurred by the
Parent Borrower or such Restricted Subsidiary, as the case may be, in violation
of this Section 8.10), or (B) without limiting Section 8.2, Indebtedness of the
Parent Borrower or any Restricted Subsidiary arising by reason of any Lien
granted by or applicable to such Person securing Indebtedness of the Parent
Borrower or any Restricted Subsidiary (other than any Indebtedness Incurred by
the Parent Borrower or such Restricted Subsidiary, as the case may be, in
violation of this Section 8.10);
(vii)Indebtedness of the Parent Borrower or any Restricted Subsidiary (A)
arising from the honoring of a check, draft or similar instrument of such Person
drawn against insufficient funds, provided that such Indebtedness is
extinguished within five Business Days of its Incurrence, or (B) consisting of
guarantees, indemnities, obligations in respect of earnouts or other purchase
price adjustments, or similar obligations, Incurred in connection with the
acquisition or disposition of any business, assets or Person;
(viii)Indebtedness of the Parent Borrower or any Restricted Subsidiary in
respect of (A) letters of credit, bankers’ acceptances or other similar
instruments or obligations issued, or relating to liabilities or obligations
incurred, in the ordinary course of business (including those issued to
governmental entities in connection with self-insurance under applicable
workers’ compensation statutes), or (B) completion guarantees, surety, judgment,
appeal or performance bonds, or other similar bonds, instruments or obligations,
provided, or relating to liabilities or obligations incurred, in the ordinary
course of business, or (C) Hedging Obligations, entered into for bona fide
hedging purposes, or (D) Management Guarantees, or (E) the financing of
insurance premiums in the ordinary course of business, or (F) take-or-pay
obligations under supply arrangements incurred in the ordinary course of
business, or (G) netting, overdraft protection and other arrangements arising
under standard business terms of any bank at which the Parent Borrower or any
Restricted Subsidiary maintains an overdraft, cash pooling or other similar
facility or arrangement or (H) Bank Products Obligations;
(ix)Indebtedness issuable upon the conversion or exchange of shares of
Disqualified Stock issued in accordance with Section 8.10(a), and any
Refinancing Indebtedness with respect thereto; and

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(x)Indebtedness of the Parent Borrower or any Restricted Subsidiary in an
aggregate principal amount at any time outstanding not exceeding $25.0 million.”
Section 3.    Conditions to Effectiveness of Amendment. This Amendment shall
become effective on the date (such date, the “Effective Date”) on which the
following conditions have been satisfied or waived:
(a)        Execution of Amendment. The Administrative Agent shall have received
this Amendment executed and delivered by a duly authorized officer of the Parent
Borrower, the Required Lenders and the Required Revolving Lenders.
(b)        Fees. The Administrative Agent shall have received for the account of
each Revolving Lender that executed and delivered a signature page to this
Amendment on or prior to 5:00 PM New York City time on February 3, 2017 a
consent fee equal to 0.25% of such Revolving Lender’s outstanding Revolving
Commitment under the Credit Agreement.
The Administrative Agent shall give prompt notice in writing to the Parent
Borrower of the occurrence of the Effective Date. Each Lender hereby authorizes
the Administrative Agent to provide such notice and agrees that such notice
shall be irrevocably conclusive and binding upon such Lender.
Section 4.    Representations and Warranties. To induce the other parties hereto
to enter into this Amendment, the Parent Borrower hereby represents and
warrants, on the Effective Date, to the Administrative Agent and each Lender
that:
(a)    the execution, delivery and performance by the Parent Borrower of this
Amendment has been duly authorized by all necessary corporate action on the part
of the Parent Borrower, and will not (i) violate any Requirement of Law or
Contractual Obligation of such Loan Party in any respect that would reasonably
be expected to have a Material Adverse Effect, and (ii) result in, or require,
the creation or imposition of any Lien (other than Permitted Liens) on any of
such Loan Party’s properties or revenues pursuant to any such Requirement of Law
or Contractual Obligation;
(b)    this Amendment constitutes a legal, valid and binding obligation of the
Parent Borrower, enforceable against such Loan Party in accordance with its
terms, except as enforceability may be limited by applicable domestic or foreign
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law); and
(c)    all representations and warranties contained in the Credit Agreement are,
except to the extent that they relate to a particular date, true and correct in
all material respects on and as of the Effective Date.

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Section 5.    Effects on Loan Documents; Acknowledgement.
(a)    Except as expressly modified hereby, each and every term, condition,
obligation, covenant and agreement contained in the Credit Agreement or any
other Loan Document is hereby ratified and reaffirmed in all respects and shall
continue in full force and effect in accordance with its terms and nothing
herein can or may be construed as a novation thereof. Except as expressly set
forth herein, this Amendment (i) shall not by implication or otherwise limit,
impair, constitute a waiver of or otherwise affect the rights and remedies of
the Lenders, the Administrative Agent, the Collateral Agent or the Loan Parties
under the Credit Agreement or any other Loan Document, and (ii) shall not alter,
modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other provision
of the Credit Agreement or any other Loan Document. Each Loan Party reaffirms on
the Effective Date its obligations under the Loan Documents to which it is party
and the validity, enforceability and perfection of the Liens granted by it
pursuant to the Security Documents. This Amendment shall constitute a Loan
Document for purposes of the Credit Agreement and from and after the Effective
Date, all references to the Credit Agreement in any Loan Document and all
references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or
words of like import referring to the Credit Agreement, shall, unless expressly
provided otherwise, refer to the Credit Agreement as modified by this Amendment.
Each of the Loan Parties hereby consents to this Amendment and confirms that all
obligations of such Loan Party under the Loan Documents to which such Loan Party
is a party shall continue to apply to the Credit Agreement, as amended hereby.
(b)    Without limiting the foregoing, each of the Loan Parties party to the
Guarantee and Collateral Agreement and the other Security Documents, in each
case as amended, supplemented or otherwise modified from time to time, hereby
(i) acknowledges and agrees that all of its obligations under the Guarantee and
Collateral Agreement and the other Security Documents to which it is a party are
reaffirmed and remain in full force and effect on a continuous basis, (ii)
reaffirms each Lien granted by such Loan Party to the Collateral Agent for the
benefit of the Secured Parties and reaffirms the guaranties made by such Loan
Party pursuant to the Guarantee and Collateral Agreement, (iii) acknowledges and
agrees that the grants of security interests by and the guaranties of such Loan
Party contained in the Guarantee and Collateral Agreement and the other Security
Documents are, and shall remain, in full force and effect after giving effect to
the Amendment, and (iv) agrees that the Borrower Obligations and the Guarantor
Obligations (each as defined in the Guarantee and Collateral Agreement) include,
among other things and without limitation, the prompt and complete payment and
performance by the Parent Borrower when due and payable (whether at the stated
maturity, by acceleration or otherwise) of principal and interest on, the Loans.
Section 6.    Expenses. The Parent Borrower agrees to pay or reimburse the
Administrative Agent for (1) all of its reasonable and documented out-of-pocket
costs and expenses incurred in connection with this Amendment, any other
documents prepared in connection herewith

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and the transactions contemplated hereby, and (2) the reasonable and documented
fees, charges and disbursements of Latham & Watkins LLP, as counsel to the
Administrative Agent.
Section 7.    Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all
of which when taken together shall constitute a single instrument. Delivery of
an executed counterpart of a signature page of this Amendment by facsimile or
any other electronic transmission shall be effective as delivery of a manually
executed counterpart hereof.
Section 8.    Governing Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF
THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING
EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH
PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE
OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.
Section 9.    Headings. The headings of this Amendment are for purposes of
reference only and shall not limit or otherwise affect the meaning hereof.
Section 10.    Miscellaneous. The provisions of Sections 11.13 and 11.15 of the
Credit Agreement are incorporated by reference herein and made a part hereof
mutatis mutandis.
[Remainder of page intentionally left blank.]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
and delivered by their respective duly authorized officers as of the date first
above written.
THE HERTZ CORPORATION

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Senior Vice President & Treasurer

[Signature Page to First Amendment]

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RENTAL CAR INTERMEDIATE HOLDINGS, LLC

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Senior Vice President & Treasurer
THRIFTY INSURANCY AGENCY, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
FIREFLY RENT A CAR LLC

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Treasurer
HCM MARKETING CORPORATION

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
HERTZ CAR SALES LLC

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Treasurer

[Signature Page to First Amendment]

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HERTZ CLAIM MANAGEMENT CORPORATION

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
HERTZ GLOBAL SERVICES CORPORATION

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
HERTZ LOCAL EDITION CORP.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
HERTZ LOCAL EDITION TRANSPORTING, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
HERTZ SYSTEM, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
HERTZ TECHNOLOGIES, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer

[Signature Page to First Amendment]

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HERTZ TRANSPORTING, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
RENTAL CAR GROUP COMPANY, LLC

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
SMARTZ VEHICLE RENTAL CORPORATION

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
DONLEN CORPORATION

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Assistant Treasurer
DOLLAR RENT A CAR, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
DTG OPERATIONS, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer

[Signature Page to First Amendment]

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DTG SUPPLY, LLC
By: DTG Operations, Inc., Its sole Member/Manager

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
THRIFTY CAR SALES, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
THRIFTY, LLC
By: Dollar Thrifty Automotive Group, Inc., Its sole Member/Manager

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
THRIFTY RENT-A-CAR SYSTEM, LLC
By: Thrifty, LLC, Its sole Member/Manager,
By: Dollar Thrifty Automotive Group, Inc., Its     sole Member/Manager

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer
TRAC ASIA PACIFIC, INC.

By:    /s/ R. Scott Massengill    
    Name: R. Scott Massengill
    Title: Vice President & Treasurer

[Signature Page to First Amendment]

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BARCLAYS BANK PLC,
as a Lender

By:    /s/ Christopher M. Aitkin    
    Name: Christopher M. Aitkin
    Title: Assistant Vice President

[Signature Page to First Amendment]

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BANK OF AMERICA, N.A.,
as a Lender

By:    /s/ Brian Lukehart            
    Name: Brian Lukehart
    Title: Director

[Signature Page to First Amendment]

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BANK OF AMERICA, N.A. CANADA BRANCH,
as a LC Issuer and a Lender

By:    /s/ Medina Sales de Andrade            
    Name: Medina Sales de Andrade
    Title: Vice President

[Signature Page to First Amendment]

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BANK OF MONTREAL,
as a Lender

By:    /s/ Joshua Hovermale            
    Name: Joshua Hovermale
    Title: Director

[Signature Page to First Amendment]

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BNP PARIBAS,
as a Lender

By:    /s/ Sang W. Han            
    Name: Sang W. Han
    Title: Vice President
If a second signature is necessary:

By:    /s/ Ade Adedeji            
    Name: Ade Adedeji
    Title: Vice President

[Signature Page to First Amendment]

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CAPITAL ONE, NATIONAL ASSOCIATION,
as a Lender

By:    /s/ Thomas L. Savage            
    Name: Thomas L. Savage
    Title: Vice President

[Signature Page to First Amendment]

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CITIBANK N.A.,
as a Lender

By:    /s/ Akshay Kulkarni            
    Name: Akshay Kulkarni
    Title: Vice-President

[Signature Page to First Amendment]

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CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
as a Lender

By:    /s/ Kaye Ea                
    Name: Kaye Ea
    Title: Managing Director

By:    /s/ Gordon Yip            
    Name: Gordon Yip
    Title: Director

[Signature Page to First Amendment]

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DEUTSCHE BANK AG NEW YORK BRANCH,
as a Lender

By:    /s/ Marcus Tarkington            
    Name: Marcus Tarkington
    Title: Director
If a second signature is necessary:
By:    /s/ Dusan Lazarov            
    Name: Dusan Lazarov
    Title: Director

[Signature Page to First Amendment]

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GOLDMAN SACHS BANK USA,
as a Lender

By:    /s/ Ushma Dedhiya            
    Name: Ushma Dedhiya
    Title: Authorized Signatory

[Signature Page to First Amendment]

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JPMORGAN CHASE BANK, N.A.,
as a Lender

By:    /s/ Robert P. Kellas            
    Name: Robert P. Kellas
    Title: Executive Director

[Signature Page to First Amendment]

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MIZUHO BANK, LTD.,
as a Lender

By:    /s/ James Fayen            
    Name: James Fayen
    Title: Managing Director

[Signature Page to First Amendment]

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NATIXIS, NEW YORK BRANCH,
as a Lender

By:    /s/ Gerado Canet            
    Name: Gerardo Canet
    Title: Managing Director
If a second signature is necessary:

By:    /s/ Ronald Lee                
    Name: Ronald Lee
    Title: Director

[Signature Page to First Amendment]

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ROYAL BANK OF CANADA,
as a Lender

By:    /s/ Scott Umbs                
    Name: Scott Umbs
    Title: Authorized Signatory

[Signature Page to First Amendment]

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THE ROYAL BANK OF SCOTLAND plc,
as a Lender

By:    /s/ Sue Sproule            
    Name: Sue Sproule
    Title: Authorized Signatory

[Signature Page to First Amendment]

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THE BANK OF NOVA SCOTIA,
as a Lender

By:    /s/ Kim Snyder            
    Name: Kim Snyder
    Title: Director

[Signature Page to First Amendment]

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UNICREDIT BANK AG, NEW YORK BRANCH,
as a Lender

By:    /s/ Ken Hamilton            
    Name: Ken Hamilton
    Title: Managing Director

By:    /s/ Thilo Huber            
    Name: Thilo Huber
    Title: Director

[Signature Page to First Amendment]