Document:

Exhibit 10.24

INDEMNIFICATION
AGREEMENT

This INDEMNIFICATION AGREEMENT, dated as of December
21, 2005 (the “Agreement”), is among CCMG Holdings, Inc., a Delaware
corporation (the “Company”), The Hertz Corporation, (“Hertz” and,
together with the Company, the “Company Entities”), ML Global Private
Equity Fund, L.P., a Cayman Islands exempted limited partnership (the “Fund”),
Merrill Lynch Ventures L.P. 2001, CMC-Hertz Partners, L.P. and ML Hertz
Co-Investor, L.P. (collectively, the “Other Investors”) and Merrill
Lynch Global Partners, Inc., a Delaware corporation (“Manager”).  Capitalized terms used herein without
definition have the meanings set forth in Section 1 of this Agreement.

RECITALS

A.            The Fund is managed by Manager, and the general partner
of the Fund is MLGPE LTD, a Cayman Islands exempted limited partnership (the “GP
of the Fund”), and the special limited partner of the Fund is ML Global
Private Equity Partners, L.P., a Cayman Islands exempted limited partnership
(together with the (i) GP of the Fund and (ii) any general
partner of the Other Investors and any other investment vehicle that is a
direct or indirect stockholder in the Company managed by Manager or its
Affiliates, “Manager Associates”).

B.            The Company is an acquisition vehicle formed by Clayton,
Dubilier & Rice, Inc., Carlyle Investment Management, L.L.C. and Manager
(collectively, the “Investor Managers”) that has executed a Stock
Purchase Agreement (as the same may be amended from time to time in accordance
with its terms and the Stockholders Agreement (as defined below), the “Acquisition
Agreement”) to acquire all of the capital stock of Hertz from Ford Holdings
LLC, a Delaware limited liability company and a subsidiary of the Ford Motor
Company (such acquisition, the “Acquisition”).

C.            In connection with the Acquisition, each of Clayton,
Dubilier & Rice Fund VII, L.P., Carlyle Partners IV, L.P., the Fund and
Merrill Lynch Ventures L.P. 2001 (each, a “Committing Investor”) has
entered into a Commitment Letter, dated as of September 12, 2005, with the
Company and each of the other Committing Investors (each, a “Commitment
Letter”), pursuant to which such Committing Investor has agreed, subject to
the conditions set forth therein, to purchase stock of the Company for an
aggregate purchase price equal to its Commitment (as defined in the Commitment
Letter).

D.            The Company, the Committing Investors and certain other
parties have entered into a Stockholders Agreement (as the same may be amended
from time to time in accordance with the terms thereof, the “Stockholders
Agreement”), dated as of

December 21, 2005, setting forth certain agreements
with respect to, among other things, the management of the Company and
transfers of its shares in various circumstances.

E.             Concurrently with the execution and delivery of this
Agreement, the Company has entered into Consulting Agreements with each of the
Investor Managers (or their Affiliates), dated as of the date hereof (as the
same may be amended from time to time in accordance with its terms and the Stockholders
Agreement, the “Consulting Agreements”).

F.             In order to finance the Acquisition and related
transactions, the Company is selling shares of its common stock, par value
US$0.01 per share (“Shares”), to the Committing Investors, including the
Fund, and to certain co-investors, including the Other Investors and such other
stockholders of the Company as are listed in the signature pages of the
Stockholders Agreement or as otherwise become stockholders of the Company prior
to the Acquisition pursuant to the terms thereof (the “Equity Offering”).

G.            In order to finance the Acquisition, the Company and/or
one or more of its wholly-owned Subsidiaries intend (i) to enter into a
senior secured credit facility and a senior secured asset based credit facility,
(ii) to issue senior and subordinated notes and (iii) to enter
into a U.S. rental car asset backed securities facility and one or more
international asset backed or other facilities (collectively, the “Financings”).

H.            Manager has performed the Initial Services (as defined in
the Consulting Agreement) for the Company.

I.              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”), in
each case subject to the terms and conditions of the Stockholders Agreement and
any other applicable agreement.

J.             The parties hereto recognize the possibility that claims
might be made against and liabilities incurred by Manager, the Fund, the Other
Investors, Manager Associates, or related Persons or Affiliates under
applicable securities laws or otherwise

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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 Manager or
Affilates thereof, and the parties hereto accordingly wish to provide for
Manager, the Fund and Manager Associates and related Persons and Affiliates to
be indemnified in respect of any such claims and liabilities.

K.            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.

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)           “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).

(b)           “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.

(c)           “Commission”
means the United States Securities and Exchange Commission or any successor
entity thereto.

(d)           “Company
Group” means the Company Entities and any of their respective Subsidiaries.

(e)           “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules
and regulations promulgated thereunder.

(f)            “Indemnitee”
means each of Manager, the Fund, the Other Investors, Manager Associates, their
respective Affiliates, their respective successors and assigns,

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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.

(g)           “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.

(h)           “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.

(i)            “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 

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all
exhibits, financial statements and schedules appended thereto, and any submission
to the Commission or any securities exchange in connection therewith.

(j)            “Securities
Act” means the Securities act of 1933, as amended, and the rules and
regulations promulgated thereunder.

(k)           “Securities
Offerings” means the Equity Offering, any Management Offering, any
Redemption and any Subsequent Offering.

(l)            “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.

(m)          “Transactions”
means the Acquisition, the Equity Offering, the Financings and any other
transactions contemplated by Section 2(b) of the Consulting Agreement.

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) 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 Manager, the performance by Manager of management
consulting, monitoring, financial advisory or other services for any member of
the Company Group (whether performed prior to the date hereof, hereafter,
pursuant to its Consulting Agreement or otherwise); 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

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her fiduciary duty as a director or an officer of any
member of the Company Group;

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 or its or its Affiliate’s
Consulting 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.

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 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 

6

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 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

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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, 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 Manager
thereof.  The Notice of Claim shall
specify all material facts known to 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 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 Manager 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 Manager.  Manager may
participate in such defense with counsel of Manager’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 Manager has given the Notice of Claim, or in the
event that Manager 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, Manager 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 Manager, consent to entry of any judgment or
enter into any settlement that includes any injunctive or other non-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, 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

8

of the
defense of such Claim, including making available evidence within the control
of Manager or such Indemnitee, as the case may be, and persons needed as
witnesses who are employed by 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 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
Manager or such Indemnitee to repay amounts so advanced if it shall ultimately
be determined that Manager or such Indemnitee is not entitled to be indemnified
by any Indemnifying Party as authorized by this Agreement.

(c)           Manager
shall notify the Indemnifying Parties in writing of the amount of any Claim
actually paid by Manager (the “Notice of Payment”).  The amount of any Claim actually paid by
Manager shall bear simple 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 Manager.

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 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:

9

(a) If to any Company
Entity, to:

CCMG Holdings, Inc. 

c/o M&C Corporate Services Limited (on behalf of Clayton, Dubilier &
Rice Fund VII, L.P.)

P.O. Box 309GT

Ugland House

South Church Street

George Town, Grand Cayman

Cayman Islands, British West Indies

Facsimile: (345) 949-8080

with a copy to (which shall not constitute notice):

Clayton, Dubilier & Rice, Inc.

375 Park Avenue

18th Floor

New York, New York  10152

Attention:  Mr. David H. Wasserman

Facsimile:  (212) 893-7061

with a copy to (which shall not constitute notice):

Carlyle Partners IV, L.P. 

c/o The Carlyle Group

1001 Pennsylvania Avenue, NW

Suite 220 South

Washington DC 20004-2505

Attention:  Mr. Gregory S. Ledford

Facsimile:  (202) 347-1818

with a copy to (which shall not constitute notice):

ML Global Private Equity Fund, L.P. 

c/o Merrill Lynch Global Private Equity

4 World Financial Center, 23rd Floor

New York, NY 10080

Attention:  Mr. George A. Bitar &
                        Mr. Robert F. End

Facsimile: (212) 449-1119

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(b) If to Manager, to:

ML Global Private Equity
Fund, L.P. 

c/o Merrill Lynch Global Private Equity

4 World Financial Center, 23rd Floor

New York, NY 10080

Attention: Mr. George A. Bitar &
                        Mr. Robert F. End

Facsimile: (212) 449-1119

with a
copy to (which shall not constitute notice):

Wachtell Lipton, Rosen & Katz

51 West 52nd Street

New York, New York 10019

Attention: 
Andrew R. Brownstein, Esq.

                        Gavin D. Solotar, Esq.

Facsimile:  (212) 403-2000

(c) If to the Fund, to:

ML Global Private Equity
Fund, L.P.

c/o Merrill Lynch Global
Private Equity

4 World Financial Center,
23rd Floor

New York, NY 10080

Attention:  Mr. George A. Bitar &

                        Mr. Robert F. End

Facsimile:  (212) 449-1119

 

with a copy to (which shall not constitute notice):

Wachtell Lipton, Rosen &
Katz

51 West 52nd Street

New York, New York 10019

Attention:  Andrew R. Brownstein, Esq.

                        Gavin D. Solotar, Esq.

Facsimile:  (212) 403-2000

(d) If to any Other Investors, to the notice address
set forth on such party’s signature page; or to such other address or such
other person as the Company Entities, Manager, the Fund or the Other Investors
as the case may be, 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:

11

Debevoise
& Plimpton LLP

919 Third Avenue

New York, New York  10022

Attention:  Franci J. Blassberg, 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 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 Manager, the Fund, the Other

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Investors
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
Manager, the Fund and the Other 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.  This Agreement 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

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

	
   

  	
  MERRILL LYNCH
  GLOBAL PARTNERS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory A.
  Bitar

  
	
   

  	
   

  	
  Name: Gregory A.
  Bitar

  
	
   

  	
   

  	
  Title: Managing
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
  ML GLOBAL
  PRIVATE EQUITY FUND, L.P.

  
	
   

  	
  By:

  	
  MLGPE LTD, its
  general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory A.
  Bitar

  
	
   

  	
   

  	
  Name: Gregory A.
  Bitar

  
	
   

  	
   

  	
  Title: Managing
  Director

  
	
   

  	
   

  	
   

  

 

 

	
   

  	
  MERRILL LYNCH
  VENTURES L.P. 2001

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Merrill Lynch
  Ventures, LLC, its general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory A. Bitar

  
	
   

  	
   

  	
  Name: Gregory A.
  Bitar

  
	
   

  	
   

  	
  Title: Executive
  Vice President

  
	
   

  	
   

  	
   

  

 

	
  Notice
  Address

  Merrill Lynch Ventures L.P.
  2001

  c/o Merrill Lynch Global
  Private Equity

  4 World Financial Center,
  23rd Floor

  New York, NY 10080

  Attention:  Mr. George A. Bitar &

  Mr. Robert F. End

  Facsimile:  (212) 449-1119

  	
  with a
  copy to (which shall not constitute notice):

  Wachtell Lipton, Rosen
  & Katz

  51 West 52nd Street

  New York, New York 10019

  Attention:  Andrew R. Brownstein, Esq. & Gavin D.
  Solotar, Esq.

  Facsimile:  (212) 403-2000

  

	
   

  	
  ML HERTZ
  CO-INVESTOR, L.P.

  
	
   

  	
  By:

  	
  ML Hertz
  Co-Investor GP, L.L.C., its general partner

  
	
   

  	
  By:

  	
  ML Global
  Private Equity Fund, L.P., as sole member

  
	
   

  	
   

  	
  By:

  	
  MLGPE LTD, its
  general partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gregory A.
  Bitar

  
	
   

  	
   

  	
  Name: Gregory A.
  Bitar

  
	
   

  	
   

  	
  Title: Managing
  Director

  

 

	
  Notice
  Address

  ML Hertz Co-Investor,
  L.P.

  c/o Merrill Lynch Global
  Private Equity

  4 World Financial
  Center, 23rd Floor

  New York, NY 10080

  Attention:  Mr. George A. Bitar & Mr. Robert F. End

  Facsimile:  (212) 449-1119

  	
  with a
  copy to (which shall not constitute notice):

  Wachtell, Lipton, Rosen
  & Katz

  51 W. 52nd Street

  New York, NY 10019

  Attention:  Andrew R. Brownstein, Esq. & Gavin D.
  Solotar, Esq.

  Facsimile:  (212) 403-2000

  

 

 

 

	
   

  	
  CMC-HERTZ
  PARTNERS, L.P.

  
	
   

  	
  By:

  	
  CMC-Hertz
  General Partner, L.L.C., its general partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daniel A.
  D’Aniello

  
	
   

  	
   

  	
  Name: Daniel A.
  D’Aniello

  
	
   

  	
   

  	
  Title: Authorized
  Person

  

 

	
  Notice
  Address

  CMC Hertz Partners, L.P.

  c/o Carlyle-Hertz GP, L.P

  c/o The Carlyle Group

  1001 Pennsylvania Avenue, N.W.

  Suite 220 South

  Washington, D.C. 20004

  Attention:  Mr.
  Gregory S. Ledford

  Facsimile: 
  (202) 347-1818

   

  with a copy to (which shall not
  constitute notice):

  Latham & Watkins LLP

  555 Eleventh Street, NW

  Suite 1000

  Washington, DC 
  20004-1304

  Attention: Daniel T. Lennon, Esq.

                     David S. Dantzic, Esq.

  Facsimile: 
  (202) 637-2201

  	
  With a
  copy to (which shall not constitute notice):

  Merrill Lynch Global
  Private Equity

  4 World Financial Center,
  23rd Floor

  New York, NY 10080

  Attention:  Mr. George A. Bitar & Mr. Robert F. End

  Facsimile:  (212) 449-1119

   

  With a
  copy to (which shall not constitute notice):

  Wachtell, Lipton, Rosen
  & Katz

  51 W. 52nd Street

  New York, NY 10019

  Attention:  Andrew R. Brownstein, Esq. & Gavin D.
  Solotar, Esq.

  Facsimile:  (212) 403-2000

   

  With a
  copy to (which shall not constitute notice):

  CD&R Associates VII, L.P.

  c/o M&C Corporate Services Limited

  P.O. Box 309GT

  Ugland House

  South Church Street

  George Town, Grand Cayman

  Cayman Islands, British West Indies

  Facsimile: (345) 949-8080

   

  With a
  copy to (which shall not constitute notice):

  Clayton, Dubilier &
  Rice, Inc.

  375 Park Avenue

  18th Floor

  New York, New York  10152

  Attention:  Mr. David H. Wasserman

  Facsimile:  (212) 893-7061

   

  With a
  copy to (which shall not constitute notice):

  Debevoise & Plimpton
  LLP

  919 Third Avenue

  New York, New York 10022

  Attention:  Franci J. Blassberg, Esq.

  Facsimile:  (212) 909-6836

   

  

 

	
   

  	
  CCMG HOLDINGS,
  INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David H.
  Wasserman

  
	
   

  	
   

  	
  Name: David H.
  Wasserman

  
	
   

  	
   

  	
  Title: President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE HERTZ
  CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Harold E.
  Rolfe

  
	
   

  	
   

  	
  Name: Harold E.
  Rolfe

  
	
   

  	
   

  	
  Title: Senior
  Vice PresidentExhibit 10.25

 

HERTZ
INTERNATIONAL TAX SHARING AGREEMENT

 

This Tax Sharing Agreement (the “Agreement”),
dated as of December21, 2005, is made and entered into by and among CCMG
Holdings, Inc., a Delaware corporation (“Holdings”), CCMG
Corporation, a Delaware corporation and wholly owned subsidiary of Holdings (“CCMG”),
The Hertz Corporation, Inc., a Delaware corporation and wholly owned
subsidiary of CCMG (“Hertz”) and Hertz International Ltd., a Delaware
corporation (the “Company”). This Agreement shall become effective and
binding upon the parties hereto immediately upon the effective time of the
Acquisition (as defined below) (the “Effective Time”).

 

W
I T N E S S E T H:

 

WHEREAS, the parties hereto
desire to provide for the allocation of liabilities, procedures to be followed,
and other matters with respect to Combined Taxes (as defined below);

 

WHEREAS, pursuant to a Stock Purchase
Agreement, dated as of September 12, 2005, by and among Holdings and Ford
Holdings LLC, a Delaware limited liability company and Ford Motor Company, a
Delaware corporation, Holdings will acquire all the shares of Hertz (the “Acquisition”);

 

WHEREAS, following the consummation of
the Acquisition and pursuant to an Agreement and Plan of Merger and Plan of
Reorganization, of even date herewith, between CCMG Acquisition Corporation, a
Delaware corporation (“CCMG Acquisition”) and Hertz, CCMG Acquisition
will merge with and into Hertz, with Hertz being the surviving company;

 

NOW, THEREFORE, in consideration of the
mutual covenants and promises contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties agree as follows:

 

ARTICLE I

 

DEFINITIONS

 

1.                                       Definitions.

 

Code:  shall mean the Internal Revenue Code of 1986,
as amended.

 

Combined Tax:  shall mean any Tax in respect of a Combined
Tax Group. 

 

 

Combined Tax Group: 
shall mean any affiliated group of which the Company or any of its
Subsidiaries was or is, or was or is required to be, a member for any Tax year
and of which Parent was or is, or was or is required to be, the common parent
for purposes of paying Taxes or filing a Tax Return.

 

Combined Tax Return: 
shall mean any Tax Return with respect to any Combined Tax.

 

Company Group:  shall mean, with respect to any Combined Tax,
a subgroup of the relevant Combined Tax Group, whose member or members shall
include each member of such Combined Tax Group that is either the Company or a
Subsidiary of the Company.

 

Due Date:  shall mean, with respect to the filing of any
Tax Return or the payment of Tax, the date on which such Tax Return is due to
be filed with, or such payment is due to be made to, the appropriate Taxing
Authority pursuant to applicable law, giving effect to any applicable
extensions of the time for such filing or payment.

 

Estimated Tax Sharing Payments:  shall mean the periodic tax sharing payments
required under Article III, Section 2 of this Agreement.

 

IRS: 
shall mean the United States Internal Revenue Service, including, but
not limited to, its authorized agents and representatives and, in the case of a
litigated controversy, the attorneys representing it.

 

Parent:  shall mean any of Holdings, CCMG, Hertz or
any Subsidiary of the foregoing other than the Company or any Subsidiary of the
Company, as the context may require.

 

Person:  shall mean any individual, corporation,
partnership, joint venture, association, joint-stock company, limited liability
company, trust, unincorporated organization, government or any agency or
political subdivision thereof or any other entity.

 

Pro Forma Company Return:  shall mean a pro forma Tax Return prepared
pursuant to Article III, Section 1 or 3.

 

Subsidiary: 
shall mean, with respect to any Person at any time, any corporation,
association, partnership or other business entity of which more than 50% of the
total voting power of shares of capital stock or other equity interests
(including partnership interests) entitled (without regard to the occurrence of
any contingency) to vote in the election of directors, managers or trustees
thereof is at

 

2

 

the time owned or controlled, directly or
indirectly, by (a) such Person or (b) one or more Subsidiaries of
such Person.

 

Tax: 
shall mean any federal, state, local or foreign income, alternative
minimum, accumulated earnings, personal holding company, franchise, capital
stock, profits, windfall profits, gross receipts, sales, use, value added,
transfer, registration, stamp, premium, excise, customs duties, severance, environmental
(including taxes under section 59A of the Code), real property, personal
property, ad valorem, rent, occupancy, license, occupation, employment,
payroll, social security, disability, unemployment, workers’ compensation,
withholding, estimated or other similar tax, duty, fee, assessment or other
governmental charge or deficiencies thereof (including all interest and
penalties thereon and additions thereto).

 

Tax Return:  shall mean any federal, state, local or
foreign tax return, declaration, statement, report, schedule, form or
information return or any amendment to any of the foregoing relating to Taxes.

 

Taxing Authority:  shall mean, with respect to any Tax, the
governmental entity or political subdivision thereof that imposes such Tax, and
the agency (if any) charged with the collection of such Tax for such entity or
subdivision.

 

Treasury Regulations:  shall mean the regulations prescribed under
the Code.

 

2.                                       Successors.

 

References
to the Company, Hertz, Holdings or CCMG shall include any successor thereto or
any Person with respect to which the Company, Hertz,  Holdings or CCMG, respectively, is the
successor.

 

ARTICLE II

 

PROCEDURAL
MATTERS

 

1.                                       Parent
shall have the sole and exclusive responsibility for the preparation and filing
of each Combined Tax Return for each Combined Tax with respect to which it is
the common parent, including any amended returns and any other returns,
documents or statements required to be filed with any Taxing Authority relating
to such Combined Tax Return. All such Combined Tax Returns shall be filed by
Parent, on a timely basis, taking into account extensions of the due date for
the filings of such returns.

 

3

 

2.                                       The
Company shall, and shall cause each of its Subsidiaries that is eligible to be
a member of the relevant Combined Tax Group to join and continue to join in
filing a Combined Tax Return with respect to each jurisdiction for all Tax
years for which such Subsidiary is eligible to do so under the applicable Tax
law, unless Parent shall request otherwise.

 

3.                                       Parent
shall (a) make all payments to the applicable Taxing Authority of all
Combined Taxes that the relevant Combined Tax Group is required to pay,
including estimated payments relating thereto and (b) have the right to
exercise all powers of a common parent with respect to each Combined Tax Return
or Combined Tax.

 

4.                                       Parent
shall be the sole and exclusive agent of the Combined Tax Group of which it is
the common parent and of each member of such group in respect of any and all
matters relating to any Combined Tax of such group for all Combined Tax Return
years. In its sole discretion, Parent shall have the right with respect to each
such Combined Tax Return (a) to determine (i) the manner in which
such return shall be prepared and filed, including, without limitation, the
manner in which any item of income, gain, loss, deduction or credit shall be
reported and the adoption or change of any method of accounting, (ii) whether
any extensions may be requested and (iii) the elections that will be
made by each member of the Combined Tax Group for which such Combined Tax
Return is filed, (b) to contest, compromise or settle any adjustment or
deficiency proposed, asserted or assessed as a result of any audit of such
return by any Taxing Authority, (c) to file, prosecute, compromise or
settle any claim for refund and (d) to determine whether any refund to
which such Combined Tax Group may be entitled shall be paid by way of
refund or credited against the Combined Tax liability of such group. The
Company hereby irrevocably appoints, and shall cause each of its Subsidiaries
that is a member of each such Combined Tax Group to irrevocably appoint Parent
as its agent and attorney-in-fact to take such action (including the execution
of documents) as Parent may deem appropriate to effect the foregoing. 

 

5.                                       The
Company shall, and shall as appropriate cause each of its Subsidiaries that is
a member of a Combined Tax Group to, reimburse Parent for (a) any
outside legal and accounting expenses incurred by Parent in the course of the
conduct of any audit or contest regarding a Combined Tax liability of such
group, (b) any other expenses incurred by Parent in the course of any
litigation relating thereto and (c) the cost of preparing any Combined Tax
Return or otherwise administering this Agreement.

 

4

 

6.                                       The
Company shall, and shall cause each of its Subsidiaries that is a member of
a Combined Tax Group to, furnish to Parent in a timely manner such
information, documents and other assistance, in each case as Parent may reasonably
request in connection with the filing of each Combined Tax Return with respect
to such group or any audit or examination by any Taxing Authority or any judicial
or administrative proceeding relating to a Combined Tax of such group or
otherwise with respect to this Agreement and the transactions contemplated
hereby.

 

ARTICLE III

 

TAX SHARING
PAYMENTS

 

1.                                       For
each Tax year for which Parent files, or is required to file, a Combined Tax
Return on or after the Effective Time, Parent shall timely prepare, or cause to
be prepared, a Pro Forma Company Return for the relevant Company Group for such
year (including, if necessary, preparing Pro Forma Company Returns for prior
years). Each such Pro Forma Company Return shall include only the items of
income, deduction, gain, loss and credit of the members of the Company Group
that join in the filing of such Combined Tax Return, and shall be prepared in
a manner consistent with the elections, methods of accounting, and
positions with respect to specific items made or used by Parent for purposes of
such Combined Tax Return. Each such Pro Forma Company Return shall reflect any
carryovers of net operating losses, net capital losses, excess tax credits or
other tax attributes from Pro Forma Company Returns with respect to the same
Combined Tax for prior years assuming that members of such Company Group had
not been in existence before the Effective Time, which carryovers could have
been utilized by the Company Group if such Company Group had never been
included in the relevant Combined Tax Group, but only to the extent Parent
utilizes such carryovers. For purposes of this Article III, Section 1,
(a) a carryover will be treated as utilized by Parent to the extent that
the Tax liability of the relevant Combined Tax Group determined taking into
account such carryover is less than the Tax liability of such Combined Tax
Group determined without giving effect to such carryover, (b) any
provision of the Code that requires consolidated computations, such as
sections 861 and 1231, and any similar provision with respect to any other
Combined Tax, shall be applied separately to the Company Group for purposes of
preparing the Pro Forma Company Return and (c) Treasury Regulations section 1.1502-13,
and any similar provisions with respect to any other Combined Tax, shall be
applied as if the Company Group (and each member thereof) were not members of a
combined tax group with other members of the relevant Combined Tax Group other
than members of the Company Group.

 

5

 

The
Pro Forma Company Return shall be provided to the Company no later than 10 days
before the Due Date
for filing the relevant Combined Tax Return.

 

2.                                       For
each Tax year in which a Combined Tax Return is, or is required to be, filed by
Parent, the Company shall, and shall as appropriate cause each of its
Subsidiaries that is a member of the relevant Combined Tax Group to, make
periodic payments (“Estimated Tax Sharing Payments”) to Parent in such amounts
as, and no later than the dates on which, payments of estimated tax with
respect to such Combined Tax would be due on or after the Effective Time from
the Company Group under section 6655 of the Code, and any similar
provisions with respect to any other Combined Tax, if it were not included in
the relevant Combined Tax Group (computed with respect to the period for which
an Estimated Tax Sharing Payment is to be made on a basis consistent with the
relevant Pro Forma Company Return). The balance, if any, of the Estimated Tax
Sharing Payments due on or after the Effective Time for such Tax year shall be
paid to Parent no later than December 15 of such year. The Company shall,
and shall as appropriate cause each of its Subsidiaries that is a member of the
relevant Combined Tax Group to, pay to Parent no later than the Due  Date (for this
purpose, determined without regard to extensions) on which each Combined Tax
Return for each Tax year is, or is required to be, filed by Parent on or after
the Effective Time, an amount equal to the excess of (a) the sum of (i) the
Tax liability shown on the relevant Pro Forma Company Return prepared for such
Tax year and (ii) the additions to tax, if any, under section 6655 of
the Code, and any similar provisions with respect to any other Combined Tax,
that would have been imposed upon the Company Group (treating the amount due to
Parent under clause (i) above as the Company Group’s Tax liability and
treating any Estimated Tax Sharing Payments as estimated Tax payments with
respect to such liability) over (b) the Estimated Tax Sharing Payments
made relating thereto. 

 

3.                                       To
the extent that, after the Effective Time, any audit, litigation, claim or
refund with respect to a Combined Tax Return results in an increase in Tax
liability relating to the treatment of a Company Group item, a corresponding
adjustment shall be made to such item and to the Company Group’s Tax liability
reflected on the applicable Pro Forma Company Return. Within 5 days after any
such adjustment, the Company shall, and shall as appropriate cause each of its
Subsidiaries that is a member of the relevant Combined Tax Group to, make
additional Tax sharing payments, including interest and penalties consistent
with such adjustment, to Parent. 

 

6

 

4.                                       All
calculations required to be made by Parent under this Agreement shall be
binding upon the parties hereto absent manifest error.

 

ARTICLE IV

 

INTEREST

 

1.                                       With
respect to any federal income Tax, any amount relating thereto which is
required to be paid by the Company or any of its Subsidiaries pursuant to this
Agreement and which has not been timely paid to Parent shall be subject to an
interest charge at the rate and in the manner provided in the Code for interest
on underpayments of federal income Tax for the relevant period.

 

2.                                       With
respect to any Combined Tax other than federal income Tax, any amount relating
thereto which is required to be paid by the Company or any of its Subsidiaries
pursuant to this Agreement and which has not been timely paid to Parent shall
be subject to an interest charge at the rate and in the manner provided under
the applicable state or local statute for interest on underpayments of such Tax
for the relevant period.

 

ARTICLE V

 

MISCELLANEOUS
PROVISIONS

 

1.                                       Any
information or documents furnished by one party to another pursuant to this
Agreement shall be treated as confidential and, except as, and to the extent,
required during the course of an audit or litigation or otherwise required by
law, shall not be disclosed to another Person without the consent, which shall
not be unreasonably withheld, of the first party.

 

2.             All payments to be made by any party under this
Agreement shall, except to the extent otherwise specifically provided herein,
be made without setoff, counterclaim or withholding, all of which are expressly
waived. With the consent of Parent, payments under this Agreement by the
Company or any Subsidiary thereof may be made by way of intercompany loan
bearing market rates of interest.

 

7

 

3.             Nothing in this Agreement shall be construed to require
a party hereto to pay any liability or obligation arising under this Agreement
more than once. 

 

4.             If due to any change in applicable law, regulations, or
interpretation thereof after the date of this Agreement, performance of any
provision of this Agreement or any transaction contemplated thereby shall
become impracticable or impossible, the parties hereto shall use their best
efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such provision.

 

5.                                       This
Agreement shall be binding upon and inure to the benefit of any successor to
each of the parties, by merger, acquisition of assets or otherwise, to the same
extent as if the successor had been an original party to this Agreement.

 

6.                                       This
Agreement shall be governed by and construed in accordance with the laws of the
State of New York without giving effect to the rules or principles of
conflict of laws thereof, to the extent the same are not mandatorily applicable
by statute and would permit or require the application of the laws of another
jurisdiction.

 

7.                                       This
Agreement may be executed simultaneously in one or more counterparts, each
of which will be deemed an original, but all of which when taken together shall
constitute one and the same instrument.

 

8.                                       The
headings in this Agreement are for convenience only and shall not be deemed for
any purpose to constitute a part or to affect the interpretation of this
Agreement.

 

9.                                       This
Agreement may be amended from time to time by agreement in writing
executed by all the parties hereto or all of the parties then bound thereby. This
Agreement constitutes the entire agreement with respect to the subject matter
hereof and supersedes all prior written and oral understandings with respect
thereto.

 

8

 

10.                                 Any
notice, request or other communication required or permitted in this Agreement
shall be in writing and shall be sufficiently given if personally delivered or
if sent by registered or certified mail, postage prepaid, addressed as follows:

 

If to the Company:

 

Hertz International Limited

c/o The Hertz Corporation

225
Brae Boulevard

Park Ridge, New Jersey 07656-0713

Attention:  Senior Vice President,
General Counsel & Secretary

Telecopy:  201-307-2748                                                                                                                 

 

If to Holdings:                   

 

CCMG
Holdings, Inc.,

c/o M&C Corporate Services Limited (on behalf
of Clayton,

Dubilier & Rice Fund VII, L.P.)

P.O. Box 309GT

Ugland
House

South
Church Street

George
Town, Grand Cayman

Cayman
Islands, British West Indies

Telecopy:  345-949-8080

 

If to CCMG:

 

CCMG
Corporation

c/o M&C
Corporate Services Limited (on behalf of Clayton,

Dubilier & Rice Fund VII, L.P.)

P.O. Box
309GT

Ugland
House

South
Church Street

George
Town, Grand Cayman

Cayman
Islands, British West Indies

Telecopy:  345-949-8080

 

9

 

If to Hertz:             

 

The Hertz
Corporation

225 Brae Boulevard

Park Ridge, New Jersey 07656-0713

Attention:  Senior Vice President,
General Counsel & Secretary

Telecopy:  201-307-2748                 

 

In
each case, with a copy to (which shall not constitute notice):

 

Clayton,
Dubilier & Rice, Inc.

375 Park Avenue

18th Floor

New York, New York  10152

Attention:  David H. Wasserman

Telecopy:  212-893-7061

 

The
Carlyle Group

1001 Pennsylvania Avenue, NW

Suite 220 South

Washington, DC 2004-2505

Attention:  Gregory S. Ledford

Telecopy:  202-347-1818

 

Merrill Lynch Global Private Equity

4 World Financial Center, 23rd Floor

New York, New York  10080

Attention: George Bitar

                                                           Robert
End

Telecopy:  212-449-1119

 

Debevoise &
Plimpton LLP

919 Third Avenue

New York, New York  10022

Attn:  David A. Brittenham, Esq.

 

or to such other address as set forth in writing by either
party to the other in accordance with this section.

 

10

 

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be duly executed by their authorized
representatives.

 

	
   

  	
  CCMG HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ David H. Wasserman

  
	
   

  	
  Name:

  	
  David H. Wasserman

  
	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CCMG CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Nathan K. Sleeper

  
	
   

  	
  Name:

  	
  Nathan K. Sleeper

  
	
   

  	
  Title:

  	
  Vice President and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE HERTZ CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Harold E. Rolfe

  
	
   

  	
  Name:

  	
  Harold E. Rolfe

  
	
   

  	
  Title:

  	
  Senior Vice President, General Counsel and Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HERTZ INTERNATIONAL LTD.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Harold E. Rolfe

  
	
   

  	
  Name:

  	
  Harold E. Rolfe

  
	
   

  	
  Title:

  	
  Vice President & Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00101-of-00352.parquet"}]]