Document:

Exhibit
10.1

FIFTH AMENDMENT

TO THE

CREDIT AGREEMENT

dated July 29, 2003

between

WESTERN PLAINS ENERGY, L.L.C.

as Borrower

and

AGCOUNTRY
FARM CREDIT SERVICES, FLCA

as Lender

 

May 2, 2007

FIFTH
AMENDMENT

to the

CREDIT AGREEMENT

THIS FIFTH AMENDMENT to the CREDIT AGREEMENT (the “Fifth Amendment”) dated July 29, 2003 (as
further amended, modified, supplemented, restated or replaced from time to
time, the “Agreement”),
is made and entered into as of May 2, 2007, by and between WESTERN PLAINS
ENERGY, L.L.C., a Kansas limited liability company (“Borrower”) and
AGCOUNTRY FARM CREDIT SERVICES, FLCA (“Lender”).

WHEREAS, pursuant to Section 9.02(b) of the Agreement, Lender and
Borrower hereby agree to amend the Agreement subject to the terms and
conditions set forth herein.

NOW, THEREFORE, in consideration of the terms and
conditions set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Borrower and Lender
agree as follows:

1.             Definitions. 
Except as otherwise provided herein, capitalized terms used herein
without definition shall have the meanings provided for in the Agreement.

2.             Revolving Commitment.  The
defined term “Revolving Commitment” under Section 1.01 of the Agreement is
deleted in its entirety and replaced with the following language:

“Revolving Commitment”
shall mean the obligation of Lender to make Revolving Loans to Borrower in
accordance with the terms of Section 2.05 in an amount not to exceed the 

Revolving Conversion Amount.

3. “Revolving Conversion Amount.”
The defined term “Revolving Conversion 

Amount” under Section 1.01 of the Agreement is deleted in its entirety and
replaced with the following language:

“Revolving Conversion
Amount” shall mean Eight Million Dollars ($8,000,000).

4.             “Revolving Credit Note.” The defined term “Revolving Credit Note”
under Section 1.01 of the Agreement is deleted in its entirety and replaced
with the following language:

“Revolving Credit Note”
shall mean a note of Borrower payable to the order of Lender in substantially
the form of Exhibit A to the Fifth Amendment.

5.             “Variable Rate.” The defined term “Variable Rate” under
Section 1.01 of the Agreement is deleted in its entirety and replaced with the
following language:

“Variable Rate”
shall mean the per annum floating rate of interest equal to LIBOR, as
determined on the applicable Determination Date, plus 200 basis points (2.00%)
during the related Interest Period.

6.             Conditions to Effectiveness. It shall be a condition to the effectiveness
of this Fifth Amendment that Borrower executes the Amended and Restated
Revolving Credit Note

attached
hereto as Exhibit A. Contemporaneously with the execution of the Amended and
Restated Revolving Credit Note, Lender shall deliver to Borrower the original
Revolving Credit Note dated September 1, 2004.

7.             Representations; Events of
Default.  In order to induce Lender to execute this
Fifth Amendment, the Borrower hereby:

(a)  makes and renews to Lender the
representations and warranties set forth in Article IV of the Agreement;
and

(b)  certifies to Lender that no Default or Event
of Default has occurred under the Agreement.

8.             Expenses. 
Borrower shall pay or reimburse Lender for attorneys’ fees and costs of
Lender’s legal counsel in connection with the preparation, execution, delivery
and consummation of this Fifth Amendment, and, notwithstanding anything to the
contrary, all such fees and costs incurred by Lender, without limitation, in
connection with enforcement or protection of Lender’s rights under the Agreement.

9.             General.  On
and after the effectiveness of this Fifth Amendment, each reference in the
Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import
referring to the Agreement, and each reference in the loan documents to the
Agreement, shall mean the Agreement as amended by the First Amendment, Second
Amendment, and this Third Amendment.  The
Agreement shall continue to be in full force and effect and is hereby ratified
and confirmed in all respects.

10.           Counterpart Signatures.  This
Fifth Amendment may be executed by each party in one or more counterparts, each
of which shall be deemed an original and all of which taken together shall
constitute one binding document.

[Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have caused this Fifth
Amendment to be duly executed by their respective authorized officers as of the
day and year first above written.

	
  

  	
  BORROWER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WESTERN PLAINS ENERGY, L.L.C.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Jeff Torluemke

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Jeff Torluemke

  	
   

  
	
   

  	
   

  	
  Title: 

  	
  Chairman/President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  LENDER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  AGCOUNTRY FARM CREDIT SERVICES, FLCA

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Randolph L. Aberle

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Randolph L. Aberle

  	
   

  
	
   

  	
   

  	
  Title: 

  	
  Vice President

  	
   

  
							

 

EXHIBIT A 

AMENDED AND RESTATED REVOLVING CREDIT NOTE 

[attached hereto]

AMENDED AND  RESTATED REVOLVING CREDIT NOTE 

$8,000,000                                                                                                                                           Fargo, North Dakota

Reissue Date: May 2, 2007 

Effective Date: September 1, 2004

FOR VALUE RECEIVED, the undersigned, Western Plains
Energy, L.L.C., a Kansas limited liability company (“Borrower”), hereby
promises to pay to AgCountry Farm Credit Services, FLCA (together with any
subsequent holder hereof, “Lender’)
or its successors and assigns, at Post Office Box 6020, 1900
44th St South Fargo, North Dakota 58108 on the Revolving Commitment Termination
Date (as defined in the Credit Agreement dated as of July 29, 2003 (as the same
may be amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”),  between Borrower and Lender,
the lesser of the principal sum of Eight Million Dollars ($8,000,000) and the
aggregate unpaid principal amount of all Revolving Loans (as defined in the
Credit Agreement) made by Lender to Borrower pursuant to the Credit Agreement,
in lawful money of the United States of America in immediately available funds,
and to pay interest from the date hereof on the principal amount thereof from
time to time outstanding, in like funds, at said office, at the rate or rates
per annum and payable on such dates as provided in the Credit Agreement. In
addition, should legal action or an attorney-at-law be utilized to collect any
amount due hereunder, Borrower further promises to pay all costs of collection,
including the reasonable attorneys’ fees of Lender.

Borrower promises to pay Default Interest (as
defined in the Credit Agreement), on demand, on the terms and conditions set
forth in the Credit Agreement.  All
borrowings evidenced by this Revolving Credit Note and all payments and prepayments
of the principal hereof and the date thereof shall be recorded by Lender in its
internal records; provided, that the failure of Lender to make such a
notation or any error in such notation shall not affect the obligations of
Borrower to make the payments of principal and interest in accordance with the
terms of this Revolving Credit Note and the Credit Agreement.

This Revolving Credit Note is issued in connection
with, and is entitled to the benefits of, the Credit Agreement which, among
other things, contains provisions for the acceleration of the maturity hereof
upon the happening of certain events, for prepayment of the principal hereof
prior to the maturity hereof and for the amendment or waiver of certain
provisions of the Credit Agreement, all upon the terms and conditions therein
specified. THIS REVOLVING CREDIT NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF NORTH DAKOTA AND ANY APPLICABLE LAWS OF
THE UNITED STATES OF AMERICA. 

This Revolving Credit Note is not issued or accepted
in payment or satisfaction of, but as a correction to, and a replacement of,
the Revolving Credit Note of Borrower in favor of Lender dated September 1,
2004, (the “Original Note”). The indebtedness under the Original Note remains
outstanding, and nothing herein shall be considered a novation of 

the Original Note or the indebtedness thereunder.
All references to the “Revolving Credit Note” in the Credit Agreement shall
hereafter be deemed to be a reference to this Revolving Credit Note.

 

	
  WESTERN PLAINS ENERGY,
  L.L.C.

  	
   

  
	
  By: 

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title :Exhibit 10.1

SEPARATION AGREEMENT

and

GENERAL RELEASE OF ALL CLAIMS

This Separation Agreement and General Release of All Claims (“Agreement”)
is entered into by and between Paul Siracusa (hereinafter “Siracusa” or “Employee”),
Hertz Global Holdings, Inc. and The Hertz Corporation (hereinafter “Hertz” or “the
Companies”), duly acting under authority of its officers and directors.

WHEREAS,
Siracusa’s employment with Hertz will end effective August 31, 2007 and;

WHEREAS, Siracusa and the Companies acknowledge the existence and enforceability
of a Change In Control Agreement (“C.I.C. Agreement”) entered into by Siracusa
and The Hertz Corporation in or around July 2005 and the applicability of the
terms of that Agreement to the separation of Siracusa’s employment; and

WHEREAS,
Siracusa is the holder of options to purchase common stock of Hertz Global
Holdings, Inc. (each, an “Option”);

WHEREAS, Siracusa’s separation of employment with Hertz occurred per the terms
of the C.I.C. Agreement as a resignation of Siracusa “For Good Reason,” and
consequently, Siracusa is entitled to all of the benefits of the C.I.C.
Agreement since the resignation is occurring within the “Protected Period”
under that Agreement.

WHEREAS, the
Siracusa’s separation from employment would have the effect of terminating all
unvested stock options pursuant to the Hertz Global Holdings, Inc. Stock
Incentive Plan; and

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WHEREAS, the
parties desire to resolve any disputes, claims or controversies that have
arisen or may arise in regard to Siracusa’s employment and subsequent
separation from the Companies;

NOW, THEREFORE,
in consideration of the mutual promises, covenants and agreements stated
herein, which Siracusa and the Companies agree constitutes further good and
valuable consideration beyond that which is provided for in the Change In
Control Agreement, receipt of which is acknowledged herein, the parties
stipulate and do mutually agree as follows:

1.             Upon the date (the “Early
Vesting Date”) that is the later to occur of (x) the Effective Date of this
Agreement (as defined below) and (y) August 31, 2007, those of Siracusa’s
Options that would have vested in May 2008 or May 2009 shall vest.  Siracusa understands and agrees that such
Options would not normally have vested until May 2008 and May 2009,
respectively, and then only if Siracusa was employed by the Company at those
times.    It is further agreed that the
ending of Siracusa’s employment as provided herein shall be deemed a “retirement
from active service on or after the Employee reaches normal retirement age” for
purposes of Section 3(b) of the option agreements governing all Options that
vested on or before the Early Vesting Date, as a result of which such vested
Options (that is, the options vested in May 2007 and the options that will vest
pursuant to this Section 1) shall be exercisable for a period of 180 days
following the expiration of the “Lock Up Period” as defined in the Lock Up
Agreement delivered by  Siracusa to
Goldman, Sachs & Co., Lehman Brothers, Inc and Merrill Lynch, Pierce, Fenner
and Smith Incorporated, as representatives of the underwriters of the June 2007
secondary public offering of Hertz Holdings’ common stock; following the end of
such 180 day period, any such Options remaining unexercised shall be cancelled.

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The parties agree that the combined Options referenced which will vest
per the terms of this Agreement are as follows: 
Two Hundred Thousand 
(200,000)  Options constituting
the cumulative of the 20% to have been vested in May 2008 and the additional
20% to have been vested in May 2009 at the strike price of $4.56;  Eighty Thousand (80,000) Options constituting
the cumulative of the 20% to have been vested in May 2008 and the additional
20% to have been vested in May 2009 at the strike price of $9.56; and Eighty Thousand
Options (80,000) constituting the cumulative of the 20% to have been vested in
May 2008 and the additional 20% to have been vested in May 2009 at the strike
price of $14.56.   The parties also agree
that at the time of notification of Siracusa’s resignation, the stock was
trading at over $22.00 per share.  Any
other unvested Options held by Siracusa other than those that were to vest in
May 2008 and May 2009 shall be governed by the terms of the individual stock
option agreements evidencing the award of such Options and be canceled.

2.             Section
5.1(a) of the C.I.C. Agreement shall be modified and amended to provide that
Siracusa shall receive his full bonus for calendar year 2007, specifically the
sum of $382,200.00, no later than 30 days following August 31, 2007, the agreed
upon date of his termination.  Such sum
will be used in computing Siracusa’s 2007 salary and bonus for purposes of
determining his pension benefits.

3.             Pursuant
to Section 5.1(b) of the C.I.C. Agreement, the Company shall pay Siracusa the
amount of $2,869,707.00, less deductions required by law, no later than 30 days
following August 31, 2007.

4.             Section
5.1(c) of the C.I.C. Agreement shall be modified and amended to provide that
Siracusa will receive the standard LTIP payments for 2007 ($300,000.00) and
2008 ($340,000.00) and such payments shall be made no later than 30 days
following August 31, 2007.

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5.             The
first sentence of Section 5.1(e)(i) of the C.I.C. Agreement shall be modified
and amended to provide the following:  “Through
July 17, 2012, the Employer shall maintain in full force and effect (or
otherwise provide) with respect to the Executive and Executive’s spouse, all
health benefits upon the same terms and to the same extent that the benefits
were in effect, immediately prior to the Termination Date.”

6.             Section
5(g) of the C.I.C. Agreement shall be modified and amended to provide that “Executive
shall, no later than 30 days following August 31, 2007,  receive the sum of $25,000.00 to use for
outplacement assistance or in any other manner as Executive sees fit.”

7.             Section
8 of the C.I.C. Agreement shall be null and void.

8.             The
Company desires that Siracusa be available to generally answer questions,
assist the new CFO and Controller, and to otherwise maintain management
continuity during the one year period following Siracusa’s resignation.  Accordingly, they shall enter into a
consulting agreement, commencing September 1, 2007,  providing, inter alia,  that Siracusa will be paid the sum of
$120,000.00, less deductions required by law. 
Siracusa shall invoice the Company on a monthly basis in equal
installments.  During the consulting
period, Siracusa shall be available for up to twenty hours on average per month
at times mutually convenient for the parties, to provide such consulting
services. Additionally, the Company shall pay Siracusa pre-approved expenses
incurred in connection with such consulting services.

9.             In exchange for
receiving all of the benefits described above, Siracusa does for himself and
his heirs, executors, administrators, successors, and assigns, hereby release,
acquit, and forever discharge and hold harmless the Companies and its
divisions, subsidiaries, affiliated companies, successors, assigns, officers,
directors, shareholders, employees, benefit and

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retirement plans (as well as trustees and
administrators thereof), agents and heirs, assigns and successors, past and
present, of and from any and all actions, causes of action, claims, demands,
attorneys’ fees, compensation, expenses, promises, covenants, and damages of
whatever kind or nature, in law or in equity, which Siracusa has, had or could
have asserted, known or unknown, at common law or under any statute, rule,
regulation, order or law, whether federal, state or local, or on any grounds whatsoever,
including without limitation; · any and all claims for any additional severance
pay, vacation pay, bonus or other compensation; 
any and all claims of discrimination or harassment based on race, color,
national origin, ancestry, religion, marital status, sex, sexual orientation,
disability, handicap, age or other unlawful discrimination; any claim regarding
the interpretation or enforcement of Section 3 of the C.I.C. Agreement; any
claims arising under Title VII of the Federal Civil Rights Act; the Federal
Civil Rights Act of 1991;  the Americans
with Disabilities Act; the  Age
Discrimination in Employment Act;  the
New Jersey Law Against Discrimination; or under any other state, federal, local
or common law, with respect to any event, matter, claim, damage or injury
arising out of his employment relationship with the Companies, and/or the
separation of such employment relationship, and/or with respect to any other
claim, matter, or event, from the beginning of the world to the date of
execution of this Agreement.

The only exceptions to this Separation Agreement and General Release of
All Claims are with respect to retirement benefits which may have accrued and
vested to the date of Siracusa’s employment termination, COBRA rights,
enforcement of this Agreement, any claims under applicable workers’
compensation laws and the enforcement of the C.I.C. Agreement, all of the terms
of which and benefits provided by the C.I.C. Agreement remain in full force and
effect except as expressly modified by this Agreement.

 5

 

Nothing in this Agreement shall be construed to prohibit Siracusa from
filing any future charge or complaint with the EEOC or participating in any
investigation or proceeding conducted by the EEOC, nor shall any provision of
this Agreement adversely affect Siracusa’s right to engage in such
conduct.  Notwithstanding the foregoing,
Siracusa waives the right to obtain any relief from the EEOC or recover any
monies or compensation as a result of filing a charge or complaint.  In addition to agreeing herein not to bring
suit against the Companies, Siracusa agrees not to seek damages from the
Companies by filing a claim or charge with any state or governmental agency.

10.           The
Companies, for themselves, and their divisions, subsidiaries, affiliated
companies, successors, assigns, officers, directors, shareholders, employees,
benefit and retirement plans (as well as trustees and administrators thereof),
forever discharge and hold harmless Siracusa, his heirs, executors,
administrators, successors and assigns, of and from any and all actions, causes
of action, claims, demands, attorneys’ fees, compensation, expenses, promises,
covenants, and damages of whatever kind or nature, in law or in equity, which
they have, had or could have asserted, known or unknown, at common law or under
any statute, rule, regulation, order or law, whether federal, state or local,
or on any grounds whatsoever, with respect to any event, matter, claim, damage
or injury arising from the beginning of the world to the date of execution of
this Agreement.

11.           Siracusa
shall return to the Company all company property and “Company Information” in
Siracusa’s possession or control, including but not limited to, business
reports and records, client reports and records, customer information,
personally identifiable information relating to others, business strategies,
contracts and proposals, files, a listing of customers or clients, lists of
potential customers or clients, technical data, testing or research data,
research

 6
 

 

and development projects, business plans, financial
plans, internal memoranda concerning any of the above, and all credit cards,
cardkey passes, door and file keys, computer access codes, software, and other
physical or personal property which Siracusa received, had access to or had in
his possession, prepared or helped prepare in connection with Siracusa’s
employment with the Companies and Siracusa shall not make or retain any copies,
duplicates, reproductions, or excerpts thereof. 
The term “Company Information” as used in this Agreement means (a)
confidential information including, without limitation, information received
from third parties under confidential conditions; and (b) other technical,
business, or financial information, the use or disclosure of which might
reasonably be construed to be contrary to the interest of the Company and which
is not publicly available or generally known in the car or equipment rental
industry other than by a breach of this Section by Siracusa.

Siracusa acknowledges that in the course of employment with the
Companies, Siracusa has acquired Company Information as defined above and that
such Company Information has been disclosed to Siracusa in confidence and for
the Company’s use only.  Except in
response to a subpoena or otherwise as required by law, Siracusa shall: (a)
keep such Company Information strictly confidential; and (b) not disclose,
communicate or use Company Information on Siracusa’s own behalf, or on behalf
of any third party. In view of the nature of Siracusa’s employment and the
nature of the Company Information which Siracusa has received during the course
of employment, Siracusa agrees that any unauthorized disclosure to third
parties of Company Information or other violation, or threatened violation, of
this Agreement would cause irreparable damage to the trade secret status of
Company Information and to the Company, and that, therefore, the Company shall
be entitled to an injunction prohibiting Siracusa from any such

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disclosure, attempted disclosure, violation, or
threatened violation.  The undertakings
set forth in this paragraph shall survive the termination of this Agreement.

Covenant Not To Compete

Siracusa agrees and acknowledges that because of the nature of his
position and the sensitive and confidential nature of the information he was
privy to while at Hertz, that for a period of two years after the termination
of his employment with Hertz, Siracusa agrees that he will not, as a principal,
employer, stockholder, partner, agent, consultant, independent contractor,
employee, or directly or indirectly in any other individual or representative
capacity, in the United States or any other country:

(1)                                  Directly or indirectly engage in, continue
in, or carry on a business competing with the business of the Company or any
business substantially similar thereto, including owning or controlling any
financial interest in any corporation, partnership, firm, or other form of
business organization which competes with the Company.  For purposes of this Agreement the terms “competing
business” and “competitor” shall be defined as any business primarily
engaged in the rental or leasing of cars or heavy equipment.  Companies within that criteria include, but
are not limited to, Enterprise, the Avis Budget group, Dollar Thrifty,
National, Alamo (Vanguard), Advantage, Payless, Sixt and EuropeCar.

(2)                                  Consult with, advise, or assist in any way,
whether or not for consideration, any corporation, partnership, firm, or other
business organization which is now, becomes, or may become a competitor of the Company
in any aspect of the Company’s business during Siracusa’s employment with the
Company, including, but not limited to, advertising or otherwise endorsing the
products of any such competitor;

(3)                                  Retain or attempt to retain, divert or
attempt to divert, directly or indirectly, for himself or any other party, the
services of any of the Company’s employees, who were providing services to or
on behalf of the Company in the twelve month period prior to  Siracusa’s termination of employment with the
Company;

(4)                                  Engage in any practice, the purpose of which
is to evade the provisions of this Agreement, provided,
however, that

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the foregoing shall not preclude the Siracusa’s
ownership of not more than 2% of the equity securities registered under Section
12 of the Securities Exchange Act of 1934, as amended.

These
Covenant Not-to Compete provisions shall be construed and enforced under the
laws of the State of New Jersey.  In the
event of any breach of this Covenant, Siracusa recognizes that the remedies at
law will be inadequate, and that regardless of any other provision contained in
this Agreement, the Companies shall be entitled to equitable remedies including
injunctive relief. It is further acknowledged and agreed that the existence of
any claim or cause of action shall in no way constitute a defense to the
enforcement of this Covenant, and the duration of this Covenant shall be
extended in an amount which equals the time period during which Siracusa is or
has been in violation of this Covenant.

Siracusa agrees and
acknowledges that at the time of resignation, he was earning approximately
$546,000 per year in base salary and that the consideration offered for this
release and covenant not to compete is adequate.  As such, Siracusa agrees that this covenant not
to compete is not injurious to him and will place no undue hardship on him for
the term of the restraint.

12.           Siracusa
declares and represents that he has not filed or otherwise pursued any charges,
complaints, lawsuits or claims of any nature against the Companies or any of
its subsidiaries, affiliates or divisions, arising out of or relating to events
occurring prior to the date of this Agreement, with any federal, state or local
governmental agency or court with respect to any matter covered by this Agreement.  In addition to agreeing herein not to bring
suit against the Companies, Siracusa agrees not to seek damages from the
Companies by filing a claim or charge with any state or governmental agency.

13.           The
Company waives the notice and cure requirements of Section 4.2 of the C.I.C.
Agreement.

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14.           The Parties shall refrain from making any disparaging
comments about the other. The Parties will not assist, encourage, discuss,
cooperate, incite, or otherwise confer with or aid any others in discrediting
the other or in pursuit of a claim or other action against the other, except as
required by law.

15.           Siracusa further declares and represents that no
promise, inducement, or
agreement not herein expressed has been made to him; that this Agreement contains
the entire agreement between the parties hereto, and that the terms of this
Agreement are contractual and not a mere recital.

16.           The Parties understand and agree that this
Agreement shall not be considered an admission of liability or wrongdoing on either part, and that the
parties deny any liability and nothing in this Agreement can or shall be used
by or against either party with respect to claims, defenses or issues in any
litigation or proceeding except to enforce the Agreement itself.

17.           Siracusa understands and agrees that should any provision
of this Agreement other than paragraphs 1 and 3 be declared or be determined by
any court to be illegal or invalid, the validity of the remaining parts, terms
or provisions shall not be affected thereby, and said invalid part, term, or
provision shall be deemed not a part of this Agreement.

18.           Siracusa acknowledges that he understands that he has the
right to consult with an attorney of his choice at his expense to review this
Agreement and has been encouraged by the Companies to do so.

19.           Siracusa further acknowledges that he has been provided
twenty-one (21) days to consider and accept this Agreement from the date it was
first given to him, although he may accept it at any time within those
twenty-one (21) days.

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20.           Siracusa further acknowledges that he understands that he
has seven (7) days after signing the Agreement to revoke it by delivering to
LeighAnne Baker, Senior Vice President, Chief Human Resources Officer, The
Hertz Corporation, 225 Brae Boulevard, Park Ridge, New Jersey 07656, written
notification of such revocation within the seven (7) day period.  If Siracusa does not revoke the Agreement,
the Agreement will become effective and irrevocable by him on the eighth day
after he signs it (the “Effective Date”).

21.           Siracusa acknowledges that this Agreement supersedes any
and all prior Agreements between the parties (except the Change In Control
Agreement entered into between Siracusa and Hertz in July 2005, [except as the
C.I.C. Agreement is expressly modified in this Agreement] and all retirement
and employee benefit plans referred to therein), be they orally or in writing
and may not be changed, modified, or rescinded except in writing, signed by all
parties hereto and any attempt at oral modification of this Agreement shall be
void and of no force or effect.

22.           This Agreement sets forth the entire agreement between the
parties with respect to the subject matter hereof and supersedes any and all
prior agreements or understandings between them.

23.           Siracusa acknowledges that he has carefully read this
Agreement and understands all of its terms, including the full and final
release of claims set forth above and enters into it voluntarily.

IN WITNESS HEREOF, and intending to be legally bound hereby, I have
hereunto set my hand.

WITH MY SIGNATURE HEREUNDER, I ACKNOWLEDGE THAT I HAVE CAREFULLY READ
THIS AGREEMENT AND UNDERSTAND ALL OF ITS TERMS INCLUDING THE FULL

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AND FINAL RELEASE OF CLAIMS SET FORTH ABOVE.

I FURTHER ACKNOWLEDGE THAT I HAVE VOLUNTARILY ENTERED INTO THIS
AGREEMENT; THAT I HAVE NOT RELIED UPON ANY REPRESENTATION OR STATEMENT WRITTEN
OR ORAL, NOT SET FORTH IN THIS AGREEMENT; THAT I HAVE BEEN GIVEN THE
OPPORTUNITY TO HAVE THIS AGREEMENT REVIEWED BY MY ATTORNEY AND THAT I HAVE BEEN
ENCOURAGED BY HERTZ TO DO SO.

I ALSO ACKNOWLEDGE THAT I HAVE BEEN AFFORDED 21 DAYS TO CONSIDER THIS
AGREEMENT AND THAT I HAVE 7 DAYS AFTER SIGNING THIS AGREEMENT TO REVOKE IT BY
DELIVERING TO LEIGHANNE BAKER, AS SET FORTH ABOVE, WRITTEN NOTIFICATION OF MY
REVOCATION.

 

	
  /s/ PAUL SIRACUSA

  	
   

  	
   

  	
   

  
	
  PAUL SIRACUSA

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date: August 2, 2007

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  THE HERTZ CORPORATION

  	
   

  	
  HERTZ GLOBAL HOLDINGS, INC.

  
	
   

  	
   

  	
   

  
	
  BY: 

  	
  /s/ Harold E. Rolfe

  	
   

  	
  BY:

  	
   /s/ Mark P. Frissora

  
	
   

  	
   

  	
   

  
	
  Date: August 2,
  2007

  	
   

  	
  Date: August 2, 2007

  
	
   

  	
   

  	
   

  
						

 

 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]