Document:

<PAGE>

                                                                    Exhibit 10.4
                                                    FORM OF EMPLOYMENT AGREEMENT

                    AMENDED AND RESTATED EXECUTIVE EMPLOYMENT
                          AND NONCOMPETITION AGREEMENT

     This Amended and Restated Employment and Noncompetition Agreement
("Agreement") is entered into between Rental Service Corporation, (the "Company"
or "Rental Service Corporation") and [______] ("Executive"), effective as of
___________, 2006.

                                    RECITALS

     WHEREAS, the Company operates its equipment rental business which has store
locations throughout North America (such business as operated by the Company is
referred to herein as the "Business").

     WHEREAS, the Company's life-blood is its Confidential Information,
including but not limited to customer databases, marketing and sales objectives
and strategies, customer lists, information regarding existing customer
preferences, habits, and needs, information regarding prospective customers,
details of past, pending and contemplated transactions, price lists, pricing
policies, sales data, training materials, and customer proposals, information
developed about the Company's competitors, systems, strategies, designs,
processes, procedures, market data, know-how, compilations of technical and
non-technical data, advertising and promotional plans, and financial and other
projections, which information has been collected over a significant amount of
time and at great effort and expense.

     WHEREAS, the Company would be placed at an unfair competitive disadvantage
if Employee were able to use the Company's Confidential Information and goodwill
for his or her own benefit, or for the benefit of anyone other than the Company.

     WHEREAS, with the assurances contained in the agreement, the Company
desires to employ Executive as [______________], in which position he will not
only have access to the Company's Confidential Information but also will have
the duty to expand and improve such information.

     WHEREAS, Executive desires to be employed by the Company in this position
and is willing to do so upon the terms contained herein.

     WHEREAS, the Company and Executive are currently parties to the Executive
Employment and Noncompetition Agreement, dated as of [_______] which the parties
desire to amend and restate effective as of the date hereof.

<PAGE>

                                    AGREEMENT

     NOW, THEREFORE, as a condition of employment, and for other good and
valuable consideration, including without limitation continued employment and/or
promotion or advancement, which Executive agrees is sufficient consideration for
this Agreement, and in consideration of the mutual promises and covenants set
forth below, the Company and Executive agree as follows:

                                    ARTICLE I

                                   EMPLOYMENT

     SECTION 1.1. EMPLOYMENT & POSITION. The Company shall employ Executive as
[_________________] at the RSC Headquarters location in Scottsdale, AZ.
[Executive shall be a member of, and shall report to, the Board of Directors of
Atlas Copco North America Inc. (to be renamed _________)](1). During Executive's
employment hereunder, Executive shall devote all necessary energies, experience,
skills, abilities, knowledge and productive time to the performance of duties
under this Agreement and shall not render to others services that interfere with
the performance of his duties with the Company under this Agreement. The
rendering of services to others shall be subject to the approval of the Board.

     SECTION 1.2. DUTIES. Executive's primary responsibilities shall be to
perform those duties customarily performed by the [_______________] of a similar
company.

     SECTION 1.3. TERM OF EMPLOYMENT. Executive shall be employed as herein set
forth, commencing on the date set forth above and continuing until terminated by
either party in accordance with section 2.5 below (the "Employment Term").

                                   ARTICLE II

                                  COMPENSATION

     SECTION 2.1. BASE SALARY. Executive's salary (the "Base Salary") shall be
$[Current Base] per annum for the term of this Agreement and/or as increased,
after review by the Board at the time and in accordance with Company policies as
in effect from time to time. Base Salary shall be payable in accordance with the
standard payroll practices of the Company.

     SECTION 2.2. VARIABLE COMPENSATION. In addition to his Base Salary,
Executive will be eligible to receive Variable Compensation, in accordance with
the

----------
(1)  For the CEO only.

                                       2

<PAGE>

Company's Variable Compensation Plan as in effect from time to time, and which
will provide him with additional incentive opportunity with a target of [__%] of
his Base Salary and a maximum of [__%] of his Base Salary.

     SECTION 2.3. EQUITY INCENTIVE. Executive will be offered the opportunity to
participate in the Atlas Copco North America Inc. (to be renamed __________)
Stock Incentive Plan at such level and on such terms as the Board determines
appropriate.

     SECTION 2.4. OTHER BENEFITS. During the Employment Term, Executive shall be
entitled to all benefits and conditions of employment generally provided to
other RSC Company executives, subject to the same eligibility and other
reasonable conditions of Company benefit programs and to country related
differences, including, but not limited to, medical, dental, life insurance,
non-qualified deferred compensation programs, sick leave, disability, automobile
allowance (______ per month) or [company provided vehicle] and participation in
any retirement plan. In addition, benefits shall include, but not be limited to
[a] not less than [______] weeks' vacation per year [and (b) an annual tax and
financial planning services allowance of up to [________].

     SECTION 2.5. EMPLOYMENT SEPARATION.

     (a) Severance Benefits: The Company may, at its sole discretion, terminate
Executive's employment at any time, provided however, that if the Company severs
Executive's employment for any reason other than for Cause or if Executive
terminates his employment for Good Reason, the Company shall provide the
following severance payments and benefits (collectively "Severance Benefits"),
less all applicable federal and state income and withholding taxes, in exchange
for a full and complete release of all claims against the Company, in the form
customarily used by the Company, executed by Executive:

          1.   [________] months of Base Salary (the "Severance Period"), plus a
               pro-rata portion of variable compensation for the calendar year,
               or if variable compensation is to be paid quarterly then for the
               calendar quarter, in which the severance occurs up to the
               separation date, such pro rata bonus to be equal to the variable
               compensation Executive would have earned had Executive remained
               employed through the end of the applicable period (pro rated
               based on the number of days employed in such period). Executive's
               entitlement to and the amount of any variable compensation under
               this Section 2.5(a) (1) shall be determined at the sole
               discretion of the Company. The Base Salary shall be payable in
               accordance with the Company's regular payroll practices, and the
               pro rata variable compensation payments shall be payable at the
               time that other variable compensation payments are made under the
               applicable Variable Compensation Plan.

                                       3

<PAGE>

               Notwithstanding the payment schedule described in this paragraph,
               if Executive is a Specified Employee (as defined in Section 409A
               of the Internal Revenue Code of 1986, as amended (the "Code"))
               and becomes entitled to the payment described in this Section 2.5
               as a result of a separation of service as defined by Section
               409A(a)(2)(i) of the Code, then the portion of such payment
               treated as "separation pay" for purposes of Section 409A shall
               not be paid prior to the date which is six (6) months after the
               date of the Executive separation from service shall be
               accumulated and paid to Executive in a lump sum amount on the
               first date of the seventh month following the date of separation
               from service.

               Executive's entitlement to the foregoing severance payments is
               contingent on his continued compliance with the confidentiality,
               non-competition and non-solicitation provisions outlined in
               Sections 3.1, 3.2, 4.2 and 4.3 herein. Executive understands that
               if the Company determines that he has violated the
               confidentiality provisions, covenant not to compete or
               non-solicitation provisions, the Company will not make any
               further severance payments, and will be entitled to reimbursement
               from Executive of any severance amounts already paid to him, all
               in addition to any other remedy to which the Company may.

          2.   Upon his separation from service, if Executive is eligible and
               enrolled in the Company's medical and dental benefit programs,
               the Company will provide the necessary forms, including COBRA
               notifications, to transfer the responsibility and right to
               continue those benefits to Executive, which under COBRA are
               typically at his expense, for the time period allowed by law or
               under the applicable programs. However, assuming Executive is
               eligible and elects to continue those benefits, the Company will
               continue to pay the same proportion of Executive's medical and
               dental insurance premiums under COBRA as during active employment
               (for Executive and eligible dependents) until the earlier of: (1)
               the expiration of the Severance Period; or (2) the date Executive
               is eligible for medical and dental insurance benefits by another
               employer.

          3.   Upon termination of employment, Executive is not eligible to
               continue participation in the Company group life insurance
               program. The Company will therefore pay, at the Company's option,
               the premiums during the Severance Period that are either (i)
               applicable to a conversion of the coverage (equal to the amount

                                       4

<PAGE>

               normally provided to an employee without payment by the employee)
               from group to individual coverage; or (ii) that will support the
               same level of coverage in a term life policy. The company's
               obligation under this sub-section is to provide the required
               insurance and Executive is not entitled to a cash payment in
               substitution thereof.

          4.   If Executive is not fully vested in the Company's 401(k) and/or
               other retirement/pension plan on the date of separation, the
               Company shall pay Executive an amount equal to the unvested
               portion of such account(s).

          5.   The Company on the date of separation will provide professional
               outplacement counseling and services consistent with other
               Executives at similar compensation levels. No cash lump sum
               payment in lieu of outplacement services will be provided to
               Executive.

          6.   During the Severance Period, the Company will continue to pay for
               Executive's reasonable association fees related to Executive's
               former duties and responsibilities if and to the extent
               previously paid by the Company.

          7.   The Company shall, except in the case of any termination of
               Executive's employment for Cause, give the Executive no less than
               30 days' prior written notice of termination of employment. In
               the event the Company gives such notice, the Executive shall be
               under no obligation to render additional services and shall be
               allowed to seek other employment, provided that the Severance
               Period shall be reduced accordingly if Executive so ceases to
               provide services to the Company.

"Good Reason" shall mean the occurrence, without Executive's consent, of any of
the following: (i) a material diminution in, or assignment of duties material
inconsistent with Executive's position (including status, offices, titles and
reporting relationships), (ii) a reduction in Base Salary that is not part of
across-the-board reduction, (iii) a relocation of Executive's principal place of
business to a location that is greater than fifty (50) miles from its current
location or (iv) the Company's material breach of the Agreement.

     (b) For Cause. The Company may, at its sole discretion, terminate
Executive's employment at any time during the Employment Term "For Cause". The
term "For Cause" means: (1) the failure of Executive to implement or adhere to
material policies, practices, or directives of the Company, including of the
Board; (2) conduct of a fraudulent and/or criminal nature; (3) any action of
Executive outside the scope of his

                                       5

<PAGE>

employment duties that results in material financial harm to the Company, (4)
conduct that is in violation of any provision of this Agreement or any other
agreement between the Company or any of its affiliates and Executive (including
any noncompetition, noninterference, nonsolicitation or confidentiality
agreement); or (5) solely for purposes of this Section 2.5, death or disability
as defined hereinafter.

     (c) Disability. Within the parameters allowed by federal and state law, the
Company reserves the right to terminate Executive's employment or place him on
unpaid leave if Executive is incapacitated due to physical or mental illness and
cannot perform the essential functions of his job with or without a reasonable
accommodation.

     (d) Voluntary Resignation by Executive. Executive shall have the right to
terminate this Agreement at any time. Executive agrees to provide the Company
with thirty (30) days prior written notice of any such intended resignation. The
Company's obligation to pay Executive's Base Salary, variable compensation and
other benefits shall cease as of Executive's date of separation. Executive shall
not be entitled to any Severance Benefits if he resigns (other than for Good
Reason).

                                   ARTICLE III

                            CONFIDENTIAL INFORMATION

     SECTION 3.1. CONFIDENTIAL INFORMATION. Executive's position with the
Company will, and have, necessarily give him access to, contact with and
knowledge of certain trade secrets, and confidential and proprietary business
information of the Company. This information includes but is not limited to
employee information, union information, employment and union litigation and
claim information, marketing and sales objectives and strategies, customer
lists, information regarding existing customer preferences, habits and needs,
information regarding prospective customers, details of past, pending and
contemplated transactions, price lists, pricing policies, sales data, training
materials, customer proposals, information developed about Company's
competitors, systems, strategies, designs, processes, procedures, growth plans,
market data, know-how, compilations of technical and non-technical data,
advertising and promotional plans and strategies, and financial and other
projections relating to the Business, which are not generally known to or
readily ascertainable through legitimate means by the public or by competitors
of the Company (hereinafter collectively referred to as "Confidential
Information"). Executive shall not at any time disclose the Confidential
Information to anyone, except on a need-to-know basis in connection with
Executive's duties in carrying out the business of the Company. Executive shall
not use any Confidential Information for his own benefit, or for the benefit of
anyone other than the Company or its affiliates.

     SECTION 3.2. OWNERSHIP OF RECORDS, ETC. All records, reports, notes,
compilations or other recorded matter, and copies or reproductions thereof, in
whatever

                                       6

<PAGE>

media form, relating to the Confidential Information of the Company, operations,
activities or business, made or received by Executive during any past employment
or future period of employment with the Company are and shall be the exclusive
property of the Company. Executive shall keep the same at all times in his
custody, subject to control by the Company and Executive shall surrender the
same at the end of his employment, if not before. Failure to return such
property upon the request of the Company during Executive's Employment Term or
thereafter shall be a material breach of this Agreement.

     SECTION 3.3. INJUNCTIVE RELIEF. Executive acknowledges that (a) the
provisions of Section 3.1 and Section 3.2 are reasonable and necessary to
protect the legitimate interests of the Company, and (b) any violation of
Section 3.1 or Section 3.2 will result in irreparable injury to the Company, the
exact amount of which will be difficult to ascertain, and that the remedies at
law for any such violation would not be reasonable or adequate compensation to
the Company for such a violation. Accordingly Executive agrees that if he
violates, or under the then existing circumstances it seems reasonable likely
that there may occur a violation of, the provisions of Section 3.1 or Section
3.2, in addition to any other remedy which may be available at law or in equity,
the Company shall be entitled to specific performance and injunctive relief,
without posting bond or other security, and without the necessity of proving
actual damages.

                                   ARTICLE IV

                             COVENANT NOT TO COMPETE

     SECTION 4.1. RECITALS. Executive acknowledges and agrees that he has
technical and other extensive expertise associated with the Business and is well
known in the equipment rental industry. In addition, Executive has valuable
business contacts with employees, potential employees, clients, and potential
clients of the Business and with professionals in the equipment rental industry.
Furthermore, Executive's reputation and goodwill are an integral part of the
Company's success throughout the areas where the Business is and will be
conducted. If Executive deprives the Company of any of his goodwill or in any
manner uses his reputation and goodwill in competition with the Company, the
Company will be deprived of the benefits it has bargained for pursuant to this
Agreement. Since Executive has the ability to compete with the Company in the
operation of the Business, the Company therefore desires that Executive enter
into this Covenant Not To Compete.

     SECTION 4.2. COVENANT NOT TO COMPETE. Executive agrees that during his
employment with Rental Service Corporation and for a period of [_______] months
commencing immediately after the end of his employment (the "Time Period"), he
shall not, unless acting with the Company's prior written consent (which may be
withheld at the Company's sole discretion), directly or indirectly own, manage,
join, operate or control, participate in the ownership, operation or control of,
or be connected as a

                                       7

<PAGE>

director, officer, partner, or consultant, or permit his name to be used in
connection with the following businesses or organizations that rent or lease
construction or construction-related equipment within the United States, Canada
and Mexico (collectively "the Territory"): Caterpillar, United Rentals, Sunbelt
Rentals and its parent Ashtead Group plc, Neff Rental, Hertz, Volvo, National
Equipment Services and Maxim Crane Works or, in the alternative, any business or
organization not listed above that rents or leases construction or
construction-related equipment that has gross revenues of $100 million or more,
or has a total employee base of 500 employees or more or that has plans to enter
into the construction-related equipment rental or leasing business in the
Territory.

The parties agree that if a court of competent jurisdiction determines that the
Time Period for purposes of this Section 4.2 is unreasonably long and found to
be an unenforceable term, the Time Period for purposes of this Section 4.2 shall
be shortened to the maximum duration enforceable under applicable law.

If a court of competent jurisdiction determines that the Territory is an
unreasonable geographic scope for this provision, the Territory shall be deemed
reformed to include the United States and Canada, excluding Mexico. If a court
of competent jurisdiction determines that the Territory of the United States and
Canada is an unreasonable geographic scope for this provision, the Territory
shall be deemed reformed to include the United States.

     SECTION 4.3. NO SOLICITATION OF CUSTOMERS OR EMPLOYEES. Executive agrees
that:

     (a) During his employment with Rental Service Corporation and for the Time
Period, he shall not, directly or indirectly, call on or solicit or divert or
take away from Rental Service Corporation or any of its affiliates (including by
divulging to any competitor or potential competitor of Rental Service
Corporation) any person, firm, corporation, or other entity who is a customer of
Rental Service Corporation or its affiliates and whom Executive had contact with
through any of his employment with Rental Service Corporation.

     (b) During his employment with Rental Service Corporation and for the Time
Period, he shall not, directly or indirectly, solicit employment of any employee
of Rental Service Corporation or any employee of any affiliate of Rental Service
Corporation for employment with any entity that rents or leases construction or
construction-related equipment in the Territory as defined in Section 4.2.

     (c) The parties agree that if a court of competent jurisdiction determines
that the Time Period is unreasonably long and deemed unenforceable as defined
herein in Sections 4.3(a) or (b), the Time Period for purposes of Sections
4.3(a) or (b), as applicable, shall be shortened to the maximum duration
enforceable under applicable law.

                                       8

<PAGE>

     SECTION 4.4. SEVERABILITY OF PROVISIONS. In the event that the provisions
of this Section should ever be adjudicated by a court of competent jurisdiction
to exceed the time or geographic or other limitations permitted by applicable
law, then such provisions shall be deemed reformed to the maximum time or
geographic or other limitations permitted by applicable law, as determined by
such court in such action. Each breach of the covenants set forth herein shall
give rise to a separate and independent cause of action.

     SECTION 4.5. INJUNCTIVE RELIEF. Executive acknowledges that (a) the
provisions of Section 4.2 and Section 4.3 are reasonable and necessary to
protect the legitimate interests of the Company, and (b) any violation of
Section 4.2 or Section 4.3 will result in irreparable injury to the Company, the
exact amount of which will be difficult to ascertain, and that the remedies at
law for any such violation would not be reasonable or adequate compensation to
the Company for such a violation. Accordingly, Executive agrees that if he
violates, or under the then existing circumstances it seems reasonable likely
that there may occur a violation of, the provisions of Section 4.2 or Section
4.3, in addition to any other remedy which may be available at law or in equity,
the Company shall be entitled to specific performance and injunctive relief,
without posting bond or other security, and without the necessity of proving
actual damages.

     SECTION 4.6. EQUITABLE TOLLING. The restrictive time periods referred to in
Sections 4.2 and 4.3 shall be tolled and extended by one month for each month or
portion of each month during which Employee is in violation of the restrictions.
If Company initiates legal action to enforce the restrictions and obtains an
injunction against Employee; then the appropriate restrictive time period(s)
will begin to run on the date that the injunction is entered.

                                    ARTICLE V

                               GENERAL PROVISIONS

     SECTION 5.1. ASSIGNMENT. Neither this Agreement nor any of the rights or
obligations hereunder may be assigned by any party without the prior written
consent of the other parties except that the Company may, without such consent,
assign all such rights and obligations to a wholly-owned subsidiary or newly
created legal entity (or a partnership controlled by the Company) or
subsidiaries of the Company or to a successor in interest to the Company which
shall assume all obligations and liabilities hereunder.

     SECTION 5.2. SOLE AND ENTIRE AGREEMENT. This Agreement constitutes the
entire existing agreement between the parties with respect to the subject matter
hereof, and completely and correctly expresses all of the rights and obligations
of the parties, except that the parties acknowledge that a special severance
benefit and a special retention benefit have been offered and accepted by
Executive contemporaneously with the Prior Agreement. It is the intent of the
parties that if the conditions set forth in the

                                       9

<PAGE>

General Terms applicable to the special severance benefit and the special
retention benefit have been fulfilled, Executive shall become entitled to the
benefits set forth in the letters offering the same to him, and such letters,
together with the said General Terms shall supersede this Agreement, but only to
the extent that the same are inconsistent herewith. All prior agreements
including but not limited to prior employment agreements, severance agreements
and/or change in control agreements, are completely superseded and revoked.
Executive expressly agrees that reliance on any oral representation(s) is
unreasonable.

     SECTION 5.3. WAIVERS. The waiver in any particular instance or series of
instances of any term or condition of this Agreement or any breach hereof by any
party shall not constitute a waiver of such term or condition or of any breach
thereof in any other instance.

     SECTION 5.4. AMENDMENT. This Agreement is subject to amendment only by
subsequent written agreement between, and executed by, the parties hereto.

     SECTION 5.5. SEPARABILITY. If any one or more provisions, clauses,
paragraphs, subclauses or subparagraphs contained in this Agreement shall for
any reason be held to be invalid, illegal, void or unenforceable, the same shall
not affect any other provision, clause, paragraph, subclause or subparagraph of
this Agreement, but this Agreement shall be construed as if such invalid,
illegal, void or unenforceable provision, clause, paragraph, subclause or
subparagraph had never been contained herein.

     SECTION 5.6. TIME IS OF THE ESSENCE. Time is of the essence in this
Agreement. Any time limit mentioned herein has been carefully considered and
represents the agreed absolute outside limit of time within which the applicable
right must be exercised. The parties may extend such time limit only by mutual
agreement in writing.

     SECTION 5.7. DURATION OF OBLIGATIONS. Executive's obligations under Article
III and Article IV of this Agreement (especially those relating to
confidentiality, non-competition and non-solicitation) shall continue after his
employment with the Company is ended, regardless of the nature or reason for
such termination.

     SECTION 5.8. ATTORNEYS' FEES. In the event of a dispute, a court or an
arbitrator may award attorneys' fees to the prevailing party.

     SECTION 5.9. CAPTIONS; DEFINITIONS. Any captions of articles, sections,
subsections or paragraphs of this Agreement are solely for the convenience of
the parties and are not a part of this Agreement or to be used for the
interpretation of this Agreement or any provision hereof.

     SECTION 5.10. APPLICABLE LAW. This Agreement shall be construed and
interpreted in accordance with the internal substantive laws, and not the choice
of law

                                       10

<PAGE>

rules of the State of Arizona. Except where this Agreement provides for
injunctive relief, all disputes arising out of or in connection with this
Agreement shall be finally settled under the Rules of Arbitration of the
[American Arbitration Association] by a single arbitrator appointed in
accordance with the said Rules.

     SECTION 5.11. CONFIDENTIALITY. The parties agree that the terms of this
Agreement are to be held confidential and shall not be disclosed to any other
person or entity, except as required by law or legal process, and except that
either party may disclose the terms thereof to its or his legal counsel or tax
advisors.

     SECTION 5.12. VOLUNTARY AGREEMENT AND LEGAL COUNSEL. Executive has been
encouraged to review this Agreement with his legal and other expert counsel and
has freely entered into this Agreement.

                           The signature page follows

                                       11

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement or
caused this Agreement to be duly executed on their respective behalf, by their
respective officers thereunto duly authorized, all effective as of the day and
year first above written.

Rental Service Corporation:             Employee:

By:                                     By:
    ---------------------------------       ------------------------------------

                                       12<PAGE>
                                                                    Exhibit 10.5

                            INDEMNIFICATION AGREEMENT

      This INDEMNIFICATION AGREEMENT, dated as of November 27, 2006 (the
"Agreement"), is among Atlas Copco North America Inc. (the "Company"), Rental
Service Corporation, an Arizona Corporation ("RSC" and, together with the
Company, the "Company Entities"), RSC Acquisition LLC ("Ripplewood 1"), RSC
Acquisition II LLC ("Ripplewood 2", and together with Ripplewood 1,
"Ripplewood"). OHCP II RSC, LLC ("Oak Hill 1"). OHCMP II RSC, LLC ("Oak Hill
2"), OHCP II RSC COI, LLC ("Oak Hill 3", and together with Oak Hill 1 and Oak
Hill 2, "Oak Hill"). Ripplewood Holdings L.L.C., a Delaware limited liability
corporation (the "Ripplewood Manager") and Oak Hill Capital Management, LLC (the
"Oak Hill Manager" and, together with the Ripplewood Manager, the "Managers"),
and Atlas Copco Finance S.a.r.l., a company organized under the laws of
Luxembourg ("AC"). Capitalized terms used herein without definition have the
meanings set forth in Section 1 of this Agreement.

                                    RECITALS

      A. In connection with the recapitalization of the Company (the
"Recapitalization"), Ripplewood and Oak Hill (together, the "Investors") have
agreed to acquire 85.47% of the outstanding shares of capital stock of the
Company pursuant to a Recapitalization Agreement, dated as of October 6, 2006
(the "Recapitalization Agreement"), by and among Atlas Copco AB, AC, Ripplewood,
Oak Hill and the Company.

      B. Pursuant to the Recapitalization, AC has agreed to sell a number of
shares such that after the consummation of the Recapitalization it will own
14.53% of the outstanding shares of capital stock of the Company.

      C. The Company, AC, and the Investors have entered into a Stockholders
Agreement, dated as of the date hereof (as the same may be amended from time to
time in accordance with the terms thereof, the "Stockholders Agreement"),
setting forth certain agreements with respect to, among other things, the
management of the Company and transfers of its shares in various circumstances.

      D. Concurrently with the execution and delivery of this Agreement on the
date hereof, the Company has entered into a Transaction Agreement with RSC and
the Managers (as the same may be amended from time to time in accordance with
its terms, the "Transaction Agreement") and a Monitoring Agreement with RSC and
the Managers (as the same may be amended from time to time in accordance with
its terms, the "Monitoring Agreement").

                                       1
<PAGE>

      E. In connection with the Recapitalization and related transactions, the
Company is selling shares of its common stock, without par value ("Shares"), to
the Investors (the "Equity Offering"),

      F. In connection with the Recapitalization, certain of the Company's
Subsidiaries, including RSC, intend (i) to enter into a senior asset based loan
facility and a senior second-lien term loan facility (the "Bank Financing") and
(ii) to issue senior unsecured notes (the "Bond Offering" and, together with the
Bank Financing, the "Financings").

      G. The Managers have performed the Initial Services (as defined in the
Transaction Agreement) for the benefit of Company and its Subsidiaries.

      H. The Company or one or more of its Subsidiaries from time to time in the
future may (i) offer and sell or cause to be offered and sold equity or debt
securities (such offerings, collectively, the "Subsequent Offerings"), including
without limitation (a) offerings of shares of capital stock of the Company or
any of its Subsidiaries, and/or options to purchase such shares to employees,
directors, managers, dealers, franchisees and consultants of and to the Company
or any of its Subsidiaries (any such offering, a "Management Offering"), and (b)
one or more offerings of debt securities for the purpose of refinancing any
indebtedness of the Company or any of its Subsidiaries or for other corporate
purposes, and (ii) repurchase, redeem or otherwise acquire certain securities of
the Company or any of its Subsidiaries or engage in recapitalization or
structural reorganization transactions relating thereto (any such repurchase,
redemption, acquisition, recapitalization or reorganization, a "Redemption").

      I. The parties hereto recognize the possibility that claims might be made
against and liabilities incurred by each Manager, each Investor, or any of their
respective Affiliates or related Persons under applicable securities laws or
otherwise in connection with the Transactions or the Securities Offerings, or
relating to other actions or omissions of or by members of the Company Group, or
relating to the provision of management consulting, monitoring and financial
advisory services to the Company Group by either Manager or its Affiliates, and
the parties hereto accordingly wish to provide for each Manager, each Investor
and their respective Affiliates and related Persons to be indemnified in respect
of any such claims and liabilities.

      J. The parties hereto recognize that claims might be made against and
liabilities incurred by directors and officers of any member of the Company
Group in connection with their acting in such capacity, and accordingly wish to
provide for such directors and officers to be indemnified to the fullest extent
permitted by law in respect of any such claims and liabilities.

                                       2
<PAGE>

      NOW, THEREFORE, in consideration of the foregoing premises, and the mutual
agreements and covenants and provisions herein set forth, the parties hereto
hereby agree as follows:

      1. Definitions.

      (a) "AC Indemnitee" means AC and its Affiliates, their respective
successors and assigns, and the respective directors, officers, partners,
members, employees, agents, advisors, consultants, representatives and
controlling persons (within the meaning of the Securities Act) of each of them,
or of their partners, members and controlling persons, and each other person who
is or becomes a director or an officer of any member of the Company Group, in
each case irrespective of the capacity in which such person acts.

      (b) "Affiliate" means, with respect to any Person, (i) any other Person
directly or indirectly Controlling, Controlled by or under common Control with,
such Person (ii) any Person directly or indirectly owning or Controlling 10% or
more of any class of outstanding voting securities of such Person or (iii) any
officer, director, general partner or trustee of any such Person described in
clause (i) or (ii). "Control" of any Person shall consist of the power to direct
the management and policies of such Person (whether through the ownership of
voting securities, by contract, as trustee or executor, or otherwise).

      (c) "Claim" means, with respect to any Indemnitee, any claim against such
Indemnitee involving any Obligation with respect to which such Indemnitee may be
entitled to be defended and indemnified by any member of the Company Group under
this Agreement.

      (d) "Commission" means the United States Securities and Exchange
Commission or any successor entity thereto.

      (e) "Company Group" means the Company Entities and any of their respective
Subsidiaries.

      (f) "Exchange Act" means the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated thereunder.

      (g) "Indemnitee" means (i) each Manager, each Investor, their respective
Affiliates, their respective successors and assigns, and the respective
directors, officers, partners, members, employees, agents, advisors,
consultants, representatives and controlling persons (within the meaning of the
Securities Act) of each of them, or of their partners, members and controlling
persons, and each other person who is or becomes a director or an officer of any
member of the Company Group, in each case irrespective of the capacity in which
such person acts and (ii) solely with respect to Obligations arising under the
securities laws in connection with the Bond Offering and imposed on the AC

                                       3
<PAGE>

Indemnitees by virtue of the fact that at the time of the Bond Offering AC was
in control of the Company, the AC Indemnitees.

      (h) "Obligations" means, collectively, any and all claims, obligations,
liabilities, causes of actions, actions, suits, proceedings, investigations,
judgments, decrees, losses, damages, fees, costs and expenses (including without
limitation interest, penalties and fees and disbursements of attorneys,
accountants, investment bankers and other professional advisors), in each case
whether incurred, arising or existing with respect to third parties or otherwise
at any time or from time to time.

      (i) "Person" means an individual, corporation, limited liability company,
limited or general partnership, trust or other entity, including a governmental
or political subdivision or an agency or instrumentality thereof.

      (j) "Related Document" means any agreement, certificate, instrument or
other document to which any member of the Company Group may be a party or by
which it or any of its properties or assets may be bound or affected from time
to time relating in any way to the Transactions or any Securities Offering or
any of the transactions contemplated thereby, including without limitation, in
each case as the same may be amended from time to time, (i) any registration
statement filed by or on behalf of any member of the Company Group with the
Commission in connection with the Transactions or any Securities Offering,
including all exhibits, financial statements and schedules appended thereto, and
any submissions to the Commission in connection therewith, (ii) any prospectus,
preliminary or otherwise, included in such registration statements or otherwise
filed by or on behalf of any member of the Company Group in connection with the
Transactions or any Securities Offering or used to offer or confirm sales of
their respective securities in any Securities Offering, (iii) any private
placement or offering memorandum or circular, information statement or other
information or materials distributed by or on behalf of any member of the
Company Group or any placement agent or underwriter in connection with the
Transactions or any Securities Offering, (iv) any federal, state or foreign
securities law or other governmental or regulatory filings or applications made
in connection with any Securities Offering, the Transactions or any of the
transactions contemplated thereby, (v) any dealer-manager, underwriting,
subscription, purchase, stockholders, option or registration rights agreement or
plan entered into or adopted by any member of the Company Group in connection
with any Securities Offering, (vi) any purchase, repurchase, redemption,
recapitalization or reorganization or other agreement entered into by any member
of the Company Group in connection with any Redemption, or (vii) any quarterly,
annual or current reports or other filing filed, furnished or supplementally
provided by any member of the Company Group with or to the Commission or any
securities exchange, including all exhibits, financial statements and schedules
appended thereto, and any submission to the Commission or any securities
exchange in connection therewith.

                                       4
<PAGE>

      (k) "Securities Act" means the Securities act of 1933, as amended, and the
rules and regulations promulgated thereunder.

      (1) "Securities Offerings" means any Management Offering, any Redemption
and any Subsequent Offering.

      (m) "Subsidiary" means each corporation or other Person in which a Person
owns or Controls, directly or indirectly, capital stock or other equity
interests representing more than 50% of the outstanding voting stock or other
equity interests.

      (n) "Transactions" means the Equity Offering, the Financings and the
Recapitalization.

      2. Indemnification.

      (a) Each of the Company Entities (each, an "Indemnifying Party" and
collectively, the "Indemnifying Parties"), jointly and severally, agrees to
indemnify, defend and hold harmless each Indemnitee:

            (i) from and against any and all Obligations, whether incurred with
      respect to third parties or otherwise, in any way resulting from, arising
      out of or in connection with, based upon or relating to (A) the Securities
      Act, the Exchange Act or any other applicable securities or other laws, in
      connection with any Securities Offering, the Financings, any Related
      Document or any of the transactions contemplated thereby, (B) any other
      action or failure to act of any member of the Company Group or any of
      their predecessors, whether such action or failure has occurred or is yet
      to occur or (C) the performance by a Manager of management consulting,
      monitoring, financial advisory or other services for any member of the
      Company Group (whether performed prior to or on the date hereof,
      hereafter, pursuant to the Transaction Agreement, the Monitoring Agreement
      or otherwise), except to the extent that any such Obligation is found in a
      final judgment by a court of competent jurisdiction to have resulted from
      the gross negligence or intentional misconduct of such Manager; and

            (ii) to the fullest extent permitted by applicable law, from and
      against any and all Obligations in any way resulting from, arising out of
      or in connection with, based upon or relating to (A) the fact that such
      Indemnitee is or was a director or an officer of any member of the Company
      Group or is or was serving at the request of such corporation as a
      director, officer, employee or agent of or advisor or consultant to
      another corporation, partnership, joint venture, trust or other enterprise
      or (B) any breach or alleged breach by such Indemnitee of his or her
      fiduciary duty as a director or an officer of any member of the Company
      Group;

                                       5
<PAGE>

in each case including but not limited to any and all fees, costs and expenses
(including without limitation fees and disbursements of attorneys and other
professional advisers) incurred by or on behalf of any Indemnitee in asserting,
exercising or enforcing any of its rights, powers, privileges or remedies in
respect of this Agreement, the Transaction Agreement or the Monitoring
Agreement, provided that no Indemnifying Party shall be obligated to indemnify
and hold harmless any Indemnitee under this Section 2(a) in respect of any claim
made against the Indemnitee by any of its own directors, officers, partners,
members, stockholders, employees, agents, advisors, consultants, representatives
and controlling persons (any of the foregoing, a "Related Person") to the extent
arising from any obligation of such Indemnitee to such Related Person (whether
arising from contract, by law or otherwise).

      (b) Without in any way limiting the foregoing Section 2(a), each of the
Indemnifying Parties agrees, jointly and severally, to indemnify, defend and
hold harmless each Indemnitee from and against any and all Obligations resulting
from, arising out of or in connection with, based upon or relating to
liabilities under the Securities Act, the Exchange Act or any other applicable
securities or other laws, rules or regulations in connection with (i) the
inaccuracy or breach of or default under any representation, warranty, covenant
or agreement in any Related Document, (ii) any untrue statement or alleged
untrue statement of a material fact contained in any Related Document or (iii)
any omission or alleged omission to state in any Related Document a material
fact required to be stated therein or necessary to make the statements therein
not misleading. Notwithstanding the foregoing, the Indemnifying Parties shall
not be obligated to indemnify such Indemnitee from and against any such
Obligation to the extent that such Obligation arises out of or is based upon an
untrue statement or omission made in such Related Document in reliance upon and
in conformity with written information furnished to the Company Entities, as the
case may be, in an instrument duly executed by such Indemnitee and specifically
stating that it is for use in the preparation of such Related Document.

      (c) For the avoidance of doubt, consistent with clause (ii) of the
definition of "Indemnitee," the AC Indemnitees shall be indemnified under this
Section 2(a) solely for Obligations arising under the securities laws in
connection with the Bond Offering that are imposed on the AC Indemnities by
virtue of the fact that at the time of the Bond Offering AC was in control of
the Company.

      3. Contribution.

      (a) Except to the extent that Section 3(b) is applicable, if for any
reason the indemnity provided for in Section 2(a) is unavailable or is
insufficient to hold harmless any Indemnitee from any of the Obligations covered
by such indemnity, then the Indemnifying Parties, jointly and severally, shall
contribute to the amount paid or payable by such Indemnitee as a result of such
Obligation in such proportion as is appropriate to

                                       6
<PAGE>

reflect (i) the relative fault of each member of the Company Group, on the one
hand, and such Indemnitee, on the other, in connection with the state of facts
giving rise to such Obligation, (ii) if such Obligation results from, arises out
of, is based upon or relates to the Transactions or any Securities Offering, the
relative benefits received by each member of the Company Group, on the one hand,
and such Indemnitee, on the other, from such Transaction or Securities Offering
and (iii) if required by applicable law, any other relevant equitable
considerations.

      (b) If for any reason the indemnity specifically provided for in Section
2(b) is unavailable or is insufficient to hold harmless any Indemnitee from any
of the Obligations covered by such indemnity, then the Indemnifying Parties,
jointly and severally, shall contribute to the amount paid or payable by such
Indemnitee as a result of such Obligation in such proportion as is appropriate
to reflect (i) the relative fault of each of the members of the Company Group,
on the one hand, and such Indemnitee, on the other, in connection with the
information contained in or omitted from any Related Document, which inclusion
or omission resulted in the inaccuracy or breach of or default under any
representation, warranty, covenant or agreement therein, or which information is
or is alleged to be untrue, required to be stated therein or necessary to make
the statements therein not misleading, (ii) the relative benefits received by
the members of the Company Group, on the one hand, and such Indemnitee, on the
other, from such Transaction or Securities Offering and (iii) if required by
applicable law, any other relevant equitable considerations.

      (c) For purposes of Section 3(a), the relative fault of each member of the
Company Group, on the one hand, and of the Indemnitee, on the other, shall be
determined by reference to, among other things, their respective relative
intent, knowledge, access to information and opportunity to correct the state of
facts giving rise to such Obligation. For purposes of Section 3(b), the relative
fault of each of the members of the Company Group, on the one hand, and of the
Indemnitee, on the other, shall be determined by reference to, among other
things, (i) whether the included or omitted information relates to information
supplied by the members of the Company Group, on the one hand, or by such
Indemnitee, on the other, (ii) their respective relative intent, knowledge,
access to information and opportunity to correct such inaccuracy, breach,
default, untrue or alleged untrue statement, or omission or alleged omission,
and (iii) applicable law. For purposes of Section 3(a) or 3(b), the relative
benefits received by each member of the Company Group, on the one hand, and the
Indemnitee, on the other, shall be determined by weighing the direct monetary
proceeds to the Company Group, on the one hand, and such Indemnitee, on the
other, from such Transaction or Securities Offering.

      (d) The parties hereto acknowledge and agree that it would not be just and
equitable if contributions pursuant to Section 3(a) or 3(b) were determined by
pro rata allocation or by any other method of allocation that does not take into
account the

                                       7
<PAGE>

equitable considerations referred to in such respective Section. The
Indemnifying Parties shall not be liable under Section 3(a) or 3(b), as
applicable, for contribution to the amount paid or payable by any Indemnitee
except to the extent and under such circumstances any Indemnifying Party would
have been liable to indemnify, defend and hold harmless such Indemnitee under
the corresponding Section 2(a) or 2(b), as applicable, if such indemnity were
enforceable under applicable law. No Indemnitee shall be entitled to
contribution from any Indemnifying Party with respect to any Obligation covered
by the indemnity specifically provided for in Section 2(b) in the event that
such Indemnitee is finally determined to be guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
in connection with such Obligation and the Indemnifying Parties are not guilty
of such fraudulent misrepresentation.

      4. Indemnification Procedures.

      (a) Whenever any Indemnitee shall have actual knowledge of the reasonable
likelihood of the assertion of a Claim, either Manager (acting on its own behalf
or, if requested by any such Indemnitee other than itself, on behalf of such
Indemnitee) or such Indemnitee shall notify the appropriate member of the
Company Group in writing of the Claim (the "Notice of Claim") with reasonable
promptness after such Indemnitee has such knowledge relating to such Claim and
has notified such Manager thereof. The Notice of Claim shall specify all
material facts known to such Manager (or if given by such Indemnitee, such
Indemnitee) that may give rise to such Claim and the monetary amount or an
estimate of the monetary amount of the Obligation involved if such Manager (or
if given by such Indemnitee, such Indemnitee) has knowledge of such amount or a
reasonable basis for making such an estimate. The failure of such Manager or
Indemnitee to give such Notice of Claim shall not relieve any Indemnifying Party
of its respective indemnification obligations under this Agreement except to the
extent that such omission results in a failure of actual notice to it and it is
materially injured as a result of the failure to give such Notice of Claim. The
Indemnifying Parties shall, at their expense, undertake the defense of such
Claim with attorneys of their own choosing reasonably satisfactory in all
respects to such Manager or Indemnitee. Such Manager or Indemnitee may
participate in such defense with counsel of such Manager's or Indemnitee's
choosing at the expense of the Indemnifying Parties. In the event that none of
the Indemnifying Parties undertake the defense of the Claim within a reasonable
time after such Manager or Indemnitee has given the Notice of Claim, or in the
event that such Manager or Indemnitee shall in good faith determine that the
defense of any claim by the Indemnifying Parties is inadequate or may conflict
with the interest of any Indemnitee, such Manager or Indemnitee may, at the
expense of the Indemnifying Parties and after giving notice to the Indemnifying
Parties of such action, undertake the defense of the Claim and compromise or
settle the Claim, all for the account of and at the risk of the Indemnifying
Parties. In the defense of any Claim, the Indemnifying Parties shall not, except
with the prior written consent of such Manager or Indemnitee, consent to entry
of any judgment or enter into any settlement that includes any injunctive or
other non-

                                       8
<PAGE>

monetary relief, or that does not include as an unconditional term thereof the
giving by the Person or Persons asserting such Claim to such Indemnitee of a
release from all liability with respect to such Claim. In each case, such
Manager and each other Indemnitee seeking indemnification hereunder will
cooperate with the Indemnifying Parties, so long as the Indemnifying Parties are
conducting the defense of the Claim, in the preparation for and the prosecution
of the defense of such Claim, including making available evidence within the
control of such Manager or such Indemnitee, as the case may be, and persons
needed as witnesses who are employed by such Manager or such Indemnitee, as the
case may be, in each case as reasonably needed for such defense and at cost,
which cost, to the extent reasonably incurred, shall be paid by the Indemnifying
Parties.

      (b) The Indemnifying Parties hereby agree to advance reasonable costs and
expenses, including attorney's fees, incurred by either Manager (acting on its
own behalf or, if requested by any such Indemnitee other than itself, on behalf
of such Indemnitee) or any Indemnitee in defending any Claim in advance of the
final disposition of such Claim upon receipt of an undertaking by or on behalf
of such Manager or such Indemnitee to repay amounts so advanced if it shall
ultimately be determined that such Manager or such Indemnitee is not entitled to
be indemnified by any Indemnifying Party as authorized by this Agreement.

      (c) The applicable Manager shall notify the Indemnifying Parties in
writing of the amount of any Claim actually paid by such Manager (the "Notice of
Payment"). The amount of any Claim actually paid by such Manager shall bear
compounded interest at the rate equal to the JPMorgan Chase Bank, N.A. prime
rate as of the date of such payment plus 2% per annum, from the date any
Indemnifying Party receives the Notice of Payment to the date on which any
Indemnifying Party shall repay the amount of such Claim plus interest thereon to
such Manager.

      (d) Notwithstanding anything in this Agreement to the contrary, in the
event that any AC Indemnitee delivers a Notice of Claim in conformity with this
Agreement to a member of the Company Group, the rights of the Indemnifying
Parties and the AC Indemnitees with respect to the matters set forth in this
Section 4 shall be governed by Section 10.1(f) of the Recapitalization
Agreement, mutatis mutandis.

      5. Certain Covenants. The rights of each Indemnitee to be indemnified
under any other agreement, document, certificate or instrument or applicable law
are independent of and in addition to any rights of such Indemnitee to be
indemnified under this Agreement. The rights of each Indemnitee and the
obligations of each Indemnifying Party hereunder shall remain in full force and
effect regardless of any investigation made by or on behalf of such Indemnitee.
Following the Transactions, each of the Company Entities, and each of their
corporate successors, shall implement and maintain in full force and effect any
and all corporate charter and by-law provisions that may be

                                       9
<PAGE>

necessary or appropriate to enable it to carry out its obligations hereunder to
the fullest extent permitted by applicable law, including without limitation a
provision of its certificate of incorporation (or comparable organizational
document under its jurisdiction of incorporation) eliminating liability of a
director for breach of fiduciary duty to the fullest extent permitted by
applicable law, as amended from time to time.

      6. Notices. All notices and other communications hereunder shall be in
writing and shall be delivered by certified or registered mail (first class
postage prepaid and return receipt requested), telecopier, overnight courier or
hand delivery, as follows:

            (a) If to any Company Entity, to it:

                c/o Rental Service Corporation
                6929 E. Greenway Parkway
                Scottsdale, Arizona 85254
                Attn: Erik Olsson
                Facsimile: (480) 368-4280

            (b) If to Ripplewood or the Ripplewood Manager, to it:

                c/o Ripplewood Holdings, L.L.C.
                One Rockefeller Plaza, 32nd Floor
                New York, NY 10020
                Attn: Christopher P. Minnetian, Esq.
                Facsimile: (212) 218-2778

            (b) If to Oak Hill or the Oak Hill Manager, to it:

                c/o Oak Hill Capital Management, L.L.C.
                65 E. 55th Street, 36th Floor
                New York, NY 10022
                Attn: John R. Monsky, Esq.
                Facsimile: (212) 758-3572

            (c) If to AC, to it:

            c/o Atlas Copco AB
            SE-105 23
            Stockholm, Sweden
            Attn: Hakan Osvald
            Facsimile: 011-46-8-743-8037

            With a copy to:

                                       10

<PAGE>

             Pillsbury Winthrop Shaw Pittman LLP
             1540 Broadway
             New York, New York 10036
             Attn: Stephen R. Rusmisel, Esq.
                   Donovan W. Burke, Esq.
             Facsimile: (212)858-1500

or to such other address or such other person as the applicable party shall have
designated by notice to the other parties hereto. All communications hereunder
shall be effective upon receipt by the party to which they are addressed. A copy
of any notice or other communication given under this Agreement shall also be
given to:

                  Debevoise & Plimpton LLP
                  919 Third Avenue
                  New York, New York 10022
                  Attention: Jeffrey J. Rosen, Esq.
                  Facsimile: (212)909-6836

      7. Governing Law: Jurisdiction, Waiver of Jury Trial. This Agreement shall
be governed in all respects, including validity, interpretation and effect, by
the law of the State of New York, regardless of the law that might be applied
under principles of conflict of laws to the extent such principles would require
or permit the application of the laws of another jurisdiction. Each of the
parties hereto irrevocably and unconditionally (a) agrees that any legal suit,
action or proceeding brought by any party hereto arising out of or based upon
this Agreement or the transactions contemplated hereby may be brought in any
court of the State of New York or Federal District Court for the Southern
District of New York located in the City, County and State of New York (each, a
"New York Court"), (b) waives, to the fullest extent that it may effectively do
so, any objection that it may now or hereafter have to the laying of venue of
any such proceeding brought in a New York Court, and any claim that any such
action or proceeding brought in a New York Court has been brought in an
inconvenient forum, (c) submits to the non-exclusive jurisdiction of any New
York Court in any suit, action or proceeding and (d) ACKNOWLEDGES AND AGREES
THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE HEREBY WAIVES ANY RIGHT THAT
SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE BREACH,
TERMINATION OR VALIDITY OF THIS AGREEMENT. With respect to clause (d) of the
immediately preceding sentence, each of the parties hereto acknowledges and
certifies that (i) no representative, agent or attorney of any other party has
represented, expressly or otherwise, that such other party would not, in the
event of litigation, seek to enforce the

                                       11

<PAGE>

waiver contained therein, (ii) it understands and has considered the
implications of such waiver, (iii) it makes such waiver voluntarily and (iv) it
has been induced to enter into this Agreement by, among other things, the mutual
waivers and certifications contained in this Section 7.

      8. Severability. If any provision or provisions of this Agreement shall be
held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions hereof shall not in any way be
affected or impaired thereby.

      9. Successors; Binding Effect. Each Indemnifying Party will require any
successor (whether direct or indirect, by purchase, merger, consolidation,
reorganization or otherwise) to all or substantially all of the business and
assets of such Indemnifying Party, by agreement in form and substance
satisfactory to each Manager, each Investor and their counsel, expressly to
assume and agree to perform this Agreement in the same manner and to the same
extent that such Indemnifying Party would be required to perform if no such
succession had taken place. This Agreement shall be binding upon and inure to
the benefit of each party hereto and its successors and permitted assigns, and
each other Indemnitee, but neither this Agreement nor any right, interest or
obligation hereunder shall be assigned, whether by operation of law or
otherwise, by the Company Entities without the prior written consent of the
Managers and the Investors.

      10. Miscellaneous. The headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. This Agreement is not intended to confer any
right or remedy hereunder upon any Person other than each of the parties hereto
and their respective successors and permitted assigns and each other Indemnitee.
No amendment, modification, supplement or discharge of this Agreement, and no
waiver hereunder shall be valid and binding unless set forth in writing and duly
executed by the party or other Indemnitee against whom enforcement of the
amendment, modification, supplement or discharge is sought. Neither the waiver
by any of the parties hereto or any other Indemnitee of a breach of or a default
under any of the provisions of this Agreement, nor the failure by any party
hereto or any other Indemnitee on one or more occasions, to enforce any of the
provisions of this Agreement or to exercise any right, powers or privilege
hereunder, shall be construed as a waiver of any other breach or default of a
similar nature, or as a waiver of any provisions hereof, or any rights, powers
or privileges hereunder. The rights, indemnities and remedies herein provided
are cumulative and are not exclusive of any rights, indemnities or remedies that
any party or other Indemnitee may otherwise have by contract, at law or in
equity or otherwise; provided that AC acknowledges, for itself and the AC
Indemnitees, that rights of the AC Indemnitees under this Agreement are not
intended to, and shall not, modify, impair or otherwise prevent the Company
Entities for exercising their rights under the Recapitalization Agreement,
including without limitation their rights against any AC Indemnitee under
Section 10.1(a) thereof. This Agreement

                                       12

<PAGE>

may be executed in several counterparts, each of which shall be deemed an
original, and all of which together shall constitute one and the same
instrument.

         [The remainder of this page has been left blank intentionally.]

                                       13
<PAGE>
     IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement
by their authorized representatives as of the date first above written.

                                       RIPPLEWOOD HOLDINGS L.L.C.

                                       By: /s/ Christopher P. Minnetian
                                          ----------------------------------
                                          Name:
                                          Title:

                                       RSC ACQUISITION LLC

                                       By: Ripplewood Partners II, L.P.
                                           its Sole Member

                                       By: Ripplewood Partners II GP, L.P.
                                           its General Partner

                                       By: RP II GP, LLC
                                           its General Partner

                                       By: /s/ Christopher P. Minnetian
                                          ----------------------------------
                                          Name: Christopher P. Minnetian
                                          Title: Secretary

                         - Indemnification Agreement -
<PAGE>
                                  RSC ACQUISITION II LLC

                                  By: Ripplewood Partners II Parallel Fund, L.P.
                                      its Sole Member

                                  By: Ripplewood Partners II GP, L.P.
                                      its General Partner

                                  By: RP II GP, LLC
                                      its General Partner

                                  By: /s/ Christopher P. Minnetian
                                     ----------------------------------
                                     Name: Christopher P. Minnetian
                                     Title: Secretary

                         - Indemnification Agreement -
<PAGE>
                                       OAK HILL CAPITAL MANAGEMENT, LLC

                                       By: /s/ John R. Monsky
                                          -------------------------------------
                                          Name: John R. Monsky
                                          Title: Vice President

                                       OHCP II RSC, LLC

                                       By: Oak Hill Capital Partners II, L.P.
                                           its Sole Member

                                       By: OHCP Gen Par II, L.P.
                                           its General Partner

                                       By: OHCP MGP II, L.L.C.
                                           its General Partner

                                       By: /s/ John R. Monsky
                                          -------------------------------------
                                          Name: John R. Monsky
                                          Title: Vice President

                         - Indemnification Agreement -
<PAGE>
                               OHCMP II RSC, LLC

                               By: Oak Hill Capital Management Partners II, L.P.
                                   its Sole Member

                               By: OHCP Gen Par II, L.P.
                                   its General Partner

                               By: OHCP MGP II, L.L.C.
                                   its General Partner

                               By: /s/ John R. Monsky
                                  -------------------------------------
                                  Name: John R. Monsky
                                  Title: Vice President

                               OHCP II RSC COI, LLC

                               By: OHCP Gen Par II, L.P.
                                   its Sole Partner

                               By: OHCP MGP II, L.L.C.
                                   its General Partner

                               By: /s/ John R. Monsky
                                  -------------------------------------
                                  Name: John R. Monsky
                                  Title: Vice President

                 - Indemnification Agreement -
<PAGE>

                                       ATLAS COPCO NORTH AMERICA INC.

                                       By: /s/ Mark Cohen
                                          -------------------------------------
                                          Name: Mark Cohen
                                          Title: President

                                       RENTAL SERVICE CORPORATION

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                                       ATLAS COPCO FINANCE S.A.R.L.

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                          -Indemnification Agreement-
<PAGE>

                                       ATLAS COPCO NORTH AMERICA INC.

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                                       RENTAL SERVICE CORPORATION

                                       By: /s/ Erik Olsson
                                          -------------------------------------
                                          Name: Erik Olsson
                                          Title: President & CFO

                                       ATLAS COPCO FINANCE S.A.R.L.

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                          -Indemnification Agreement-
<PAGE>

                                       ATLAS COPCO NORTH AMERICA INC.

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                                       RENTAL SERVICE CORPORATION

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

                                       ATLAS COPCO FINANCE S.A.R.L.

                                       By: /s/ Ken Lagerborg
                                          -------------------------------------
                                          Name: Ken Lagerborg
                                          Title: Manager

                                       By: Illegible
                                          -------------------------------------
                                          Name: Illegible
                                          Title: Director

                          -Indemnification Agreement-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]