Document:

exv4w4

Exhibit 4.4

 

 

COLLATERAL AGREEMENT

made by

RSC HOLDINGS III, LLC,

RSC EQUIPMENT RENTAL, INC.,

and

CERTAIN DOMESTIC SUBSIDIARIES OF RSC HOLDINGS III, LLC,

FROM TIME TO TIME PARTY HERETO

in favor of

DEUTSCHE BANK AG, NEW YORK BRANCH

as Note Collateral Agent

Dated as of July 1, 2009

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	ARTICLE I DEFINED TERMS	 	 	2	 
	 
	 	 	 	 	 	 
	Section 1.1.
	 	Definitions	 	 	2	 
	Section 1.2.
	 	Other Definitional Provisions	 	 	9	 
	 
	 	 	 	 	 	 
	ARTICLE II GRANT OF SECURITY INTEREST	 	 	9	 
	 
	 	 	 	 	 	 
	Section 2.1.
	 	Grant	 	 	9	 
	Section 2.2.
	 	Pledged Collateral	 	 	10	 
	Section 2.3.
	 	Certain Limited Exceptions	 	 	11	 
	Section 2.4.
	 	Second Lien Intercreditor Relations	 	 	12	 
	Section 2.5.
	 	First Lien Intercreditor Relations	 	 	12	 
	 
	 	 	 	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES	 	 	13	 
	 
	 	 	 	 	 	 
	Section 3.1.
	 	Representations and Warranties of Each Grantor	 	 	13	 
	Section 3.2.
	 	Representations and Warranties of Each Pledgor	 	 	16	 
	 
	 	 	 	 	 	 
	ARTICLE IV COVENANTS	 	 	17	 
	 
	 	 	 	 	 	 
	Section 4.1.
	 	Covenants of Each Grantor	 	 	17	 
	Section 4.2.
	 	Covenants of Each Pledgor	 	 	19	 
	 
	 	 	 	 	 	 
	ARTICLE V REMEDIAL PROVISIONS	 	 	21	 
	 
	 	 	 	 	 	 
	Section 5.1.
	 	Certain Matters Relating to Accounts	 	 	21	 
	Section 5.2.
	 	Communications with Obligors; Grantors Remain Liable	 	 	22	 
	Section 5.3.
	 	Pledged Stock	 	 	23	 
	Section 5.4.
	 	Proceeds to Be Turned Over to Note Collateral Agent	 	 	24	 
	Section 5.5.
	 	Application of Proceeds	 	 	24	 
	Section 5.6.
	 	Code and Other Remedies	 	 	24	 
	Section 5.7.
	 	Registration Rights	 	 	25	 
	Section 5.8.
	 	Waiver; Deficiency	 	 	26	 
	 
	 	 	 	 	 	 
	ARTICLE VI THE NOTE COLLATERAL AGENT	 	 	26	 
	 
	 	 	 	 	 	 
	Section 6.1.
	 	Note Collateral Agent’s Appointment as Attorney-in-Fact, etc.	 	 	26	 
	Section 6.2.
	 	Duty of Note Collateral Agent	 	 	28	 

 

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	Section 6.3.
	 	Financing Statements	 	 	29	 
	Section 6.4.
	 	Authority of Note Collateral Agent	 	 	29	 
	 
	 	 	 	 	 	 
	ARTICLE VII MISCELLANEOUS	 	 	29	 
	 
	 	 	 	 	 	 
	Section 7.1.
	 	Amendments in Writing	 	 	29	 
	Section 7.2.
	 	Notices	 	 	29	 
	Section 7.3.
	 	No Waiver by Course of Conduct; Cumulative Remedies	 	 	29	 
	Section 7.4.
	 	Enforcement Expenses; Indemnification	 	 	30	 
	Section 7.5.
	 	Successors and Assigns	 	 	30	 
	Section 7.6.
	 	Counterparts	 	 	30	 
	Section 7.7.
	 	Severability	 	 	30	 
	Section 7.8.
	 	Section Headings	 	 	31	 
	Section 7.9.
	 	Integration	 	 	31	 
	Section 7.10.
	 	GOVERNING LAW	 	 	31	 
	Section 7.11.
	 	Submission to Jurisdiction; Waivers	 	 	31	 
	Section 7.12.
	 	Acknowledgments	 	 	32	 
	Section 7.13.
	 	WAIVER OF JURY TRIAL	 	 	32	 
	Section 7.14.
	 	Additional Grantors	 	 	32	 
	Section 7.15.
	 	Releases	 	 	32	 
	Section 7.16.
	 	Patriot Act Notice	 	 	32	 

	 	 	 	 	 
	SCHEDULES
	 
	 	 	 	 
	Schedule 1

	 	—
	 	Notice Addresses of Grantors
	Schedule 2

	 	—
	 	Pledged Securities
	Schedule 3

	 	—
	 	Perfection Matters
	Schedule 4

	 	—
	 	Location of Jurisdiction of Organization
	Schedule 5

	 	—
	 	Intellectual Property
	Schedule 6

	 	—
	 	Contracts
	Schedule 7

	 	—
	 	Commercial Tort Claims
	 
	 	 	 	 
	ANNEXES
	 
	 	 	 	 
	Annex 1

	 	—
	 	Acknowledgement and Consent of Issuers Who Are Not Grantors
	Annex 2

	 	—
	 	Assumption Agreement

 

 

COLLATERAL AGREEMENT

          COLLATERAL AGREEMENT, dated as of July 1, 2009, made by RSC HOLDINGS III, LLC, a Delaware
limited liability company (together with its successors and assigns, the “Company”), RSC
EQUIPMENT RENTAL, INC., an Arizona corporation (“RSC” and together with the Company, the
“Issuers”), and certain of the Company’s Subsidiaries that may become party hereto from
time to time pursuant to subsection 7.14 in favor of DEUTSCHE BANK AG, NEW YORK BRANCH
(“DBNY”), in its capacity as collateral agent under certain of the Note Documents (as
defined below) (together with its successors and assigns in such capacity from time to time, the
“Note Collateral Agent”) for the Secured Parties (as defined below) and solely for purposes
of Section 2.5, in its capacity as U.S. First Lien Collateral Agent under the General Intercreditor
Agreement (as defined below).

WITNESSETH:

          WHEREAS, pursuant to that certain indenture (as amended, restated, supplemented, modified
and/or refinanced from time to time, the “Indenture”) between the Company, RSC, the
guarantors from time to time party thereto, Deutsche Bank AG, New York Branch, as Note Collateral
Agent, and Wells Fargo Bank, National Association, as indenture trustee (in such capacity, and
together with any successors and assigns in such capacity, the “Trustee”) on behalf of the
holders of the Notes (as defined below) (the “Holders”), the Company and RSC have issued,
or will issue, $400,000,000 million principal amount of 10% senior secured notes due 2017 (together
with any Additional Notes issued pursuant to the Indenture, the “Notes”) upon the terms and
subject to the conditions set forth therein;

          WHEREAS, the Issuers are party to a Credit Agreement, dated as of November 27, 2006 (as
amended, amended and restated, waived, supplemented or otherwise modified from time to time,
together with any agreement in whole or in part extending the maturity of, or restructuring,
refunding, refinancing or increasing the Indebtedness under, such agreement or successor
agreements, the “Senior Credit Agreement”), among RSC Holdings II, LLC, a Delaware limited
liability company (“Holdings”), the Issuers, Rental Service Corporation of Canada Ltd.,
Deutsche Bank AG, New York Branch, as U.S. administrative agent and U.S. collateral agent (in such
capacity, the “Senior Collateral Agent”), Deutsche Bank AG, Canada Branch, as Canadian
administrative agent and Canadian collateral agent, and the lenders and other financial
institutions from time to time party thereto;

          WHEREAS, the lien and security interest granted to the Note Collateral Agent pursuant to this
Agreement is subject to the provisions of the First Lien Intercreditor Agreement, dated as of July
1, 2009 (as amended, amended and restated, waived, supplemented or otherwise modified from time to
time, the “First Lien Intercreditor Agreement”), among the Issuers, the Senior Collateral
Agent and the Note Collateral Agent, which subordinates the lien and security interest granted to
the Note Collateral Agent in the Collateral pursuant to this Agreement to the lien and security
interest of the Senior Collateral Agent in the Collateral on the terms set forth therein;

          WHEREAS, the lien and security interest granted to the Note Collateral Agent pursuant to this
Agreement is subject to the provisions of the Intercreditor Agreement, dated as

 

 

of November 27, 2006, as amended by the First Amendment to Intercreditor Agreement, dated as
of July 1, 2009 (as so amended and as further amended, amended and restated, waived, supplemented
or otherwise modified from time to time, the “General Intercreditor Agreement”), by and
among Holdings, the Issuers, each other Grantor from time to time party thereto, and the Senior
Collateral Agent, which subordinates the lien and security interest granted to the Second Lien
Collateral Agent (as defined therein) in the Collateral pursuant to the Second-Lien Term Loan
Guarantee and Collateral Agreement to the lien and security interest of the Senior Collateral Agent
and the Note Collateral Agent in the Collateral on the terms set forth therein;

          WHEREAS, Deutsche Bank AG, New York Branch has been appointed to serve as Note Collateral
Agent and, in such capacity, to enter into this Agreement;

          WHEREAS, it is a condition to the obligation of the Secured Parties to perform their
respective obligations under the Note Documents that the Issuers execute and deliver this Agreement
to the Note Collateral Agent for the benefit of the Secured Parties (as defined below); and

          NOW, THEREFORE, in consideration of the premises and to induce the Trustee to enter into the
Indenture and induce the Holders to purchase the Notes, the Grantors hereby agree with the Note
Collateral Agent, for the benefit of the Secured Parties, as follows:

ARTICLE I

Defined Terms

          Section 1.1. Definitions.

          (a) Unless otherwise defined herein, terms defined in the Indenture and used herein shall have
the meanings given to them in the Indenture, and the following terms that are defined in the Code
(as in effect on the date hereof) are used herein as so defined: Chattel Paper, Commercial Tort
Claims, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Farm Products, Fixtures,
General Intangibles, Letter-of-Credit Rights, Money, Promissory Notes, Records, Securities,
Securities Accounts, Security Entitlements, Supporting Obligations and Tangible Chattel Paper.

          (b) The following terms shall have the following meanings:

          “Accounts”: all accounts (as defined in the Code) of each Grantor, including, without
limitation, all Accounts Receivable of such Grantor.

          “Accounts Receivable”: any right to payment for goods sold or leased or for services
rendered, which is not evidenced by an instrument (as defined in the Code) or Chattel Paper.

          “Agreement”: this Collateral Agreement, as the same may be amended, restated,
supplemented, waived or otherwise modified from time to time.

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          “Blocked Account”: any Deposit Account subject to the Note Collateral Agent’s
“control” (within the meaning of the Code), including pursuant to the First Lien Intercreditor
Agreement.

          “Canadian Finco”: a special purpose company having unlimited liability organized
under the laws of Canada or a province thereof, 100% of the capital stock of which is owned by RSC.

          “Code”: the Uniform Commercial Code as from time to time in effect in the State of
New York.

          “Collateral”: as defined in Article 2; provided that, for purposes of
subsection 5.5 and subsection 7.15(b), “Collateral” shall have the meaning assigned to such term in
the Indenture.

          “Commercial Tort Action”: any action, other than (i) an action primarily seeking
declaratory or injunctive relief with respect to claims asserted or expected to be asserted by
Persons other than the Grantors or (ii) an action arising out of or related to PL/PD Claims that is
commenced by a Grantor in the courts of the United States of America, any state or territory
thereof or any political subdivision of any such state or territory, in which any Grantor seeks
damages arising out of torts committed against it that would reasonably be expected to result in a
damage award to it exceeding $40,000,000.

          “Company”: as defined in the preamble hereto.

          “Contracts”: with respect to any Grantor, all contracts, agreements, instruments and
indentures in any form and portions thereof (except for contracts listed on Schedule 6
hereto), to which such Grantor is a party or under which such Grantor or any property of such
Grantor is subject, as the same may from time to time be amended, supplemented, waived or otherwise
modified, including, without limitation, (i) all rights of such Grantor to receive moneys due and
to become due to it thereunder or in connection therewith, (ii) all rights of such Grantor to
damages arising thereunder and (iii) all rights of such Grantor to perform and to exercise all
remedies thereunder.

          “Copyright Licenses”: with respect to any Grantor, all written license agreements of
such Grantor providing for the grant by or to such Grantor of any right under any copyright of such
Grantor, other than agreements with any Person who is an Affiliate or a Subsidiary of the Company
or such Grantor, including, without limitation, any material license agreements listed on
Schedule 5 hereto, subject, in each case, to the terms of such license agreements, and the
right to prepare for sale, sell and advertise for sale, all Inventory now or hereafter covered by
such licenses.

          “Copyrights”: with respect to any Grantor, all of such Grantor’s right, title and
interest in and to all United States and foreign copyrights, whether or not the underlying works of
authorship have been published or registered, all United States and foreign copyright registrations
and copyright applications, including, without limitation, any copyright registrations and
copyright applications listed on Schedule 5 hereto and (i) all renewals thereof, (ii) all
income, royalties, damages and payments now and hereafter due and/or payable with respect thereto,
in-

3

 

cluding, without limitation, payments under all licenses entered into in connection therewith,
and damages and payments for past or future infringements thereof and (iii) the right to sue or
otherwise recover for past, present and future infringements and misappropriations thereof.

          “Equity Issuers”: the collective reference to the Persons identified on Schedule
2 as the issuers of Pledged Stock, together with any successors to such companies.

          “Excluded Assets”: as defined in subsection 2.3.

          “First Lien Last Out Note Obligations”: as defined in the First Lien Intercreditor
Agreement as in effect on the date hereof.

          “General Fund Account”: the general fund account of the relevant Grantor established
at the same office of the U.S. Collateral Account Bank as the U.S. Collateral Proceeds Account.

          “Grantor”: the Company, and any other Domestic Subsidiary of the Company that becomes
a party hereto from time to time after the date hereof.

          “Indenture”: as defined in the recitals hereto.

          “Instruments”: as defined in Article IX of the Code, but excluding the Pledged
Securities.

          “Intellectual Property”: with respect to any Grantor, the collective reference to
such Grantor’s Copyrights, Copyright Licenses, Patents, Patent Licenses, Trade Secrets, Trademarks
and Trademark Licenses.

          “Intercompany Note”: with respect to any Grantor, any promissory note in a principal
amount in excess of $3,500,000 evidencing loans made by such Grantor to the Company or any of its
Subsidiaries.

          “Intercreditor Agreement”: as defined in the recitals hereto.

          “Inventory”: with respect to any Grantor, all inventory (as defined in the Code) of
such Grantor.

          “Investment Property”: the collective reference to (i) all “investment property” as
such term is defined in Section 9-102(a)(49) of the Uniform Commercial Code in effect in the State
of New York on the date hereof (other than any Capital Stock of any Foreign Subsidiary excluded
from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property”
as so defined, all Pledged Securities.

          “Notes”: as defined in the recitals hereof.

          “Note Collateral Agent”: as defined in the preamble hereto.

4

 

          “Note Documents”: the collective reference to the Indenture, the Notes, the Security
Documents and each other document or agreement relating to the issuance of the Notes, as the same
may be amended, supplemented, waived, modified, replaced and/or refinanced from time to time in
accordance with the terms hereof and Article IX of the Indenture.

          “Obligations”: with respect to any Grantor, the collective reference to (i) all
obligations, liabilities and indebtedness of such Grantor (including, without limitation,
principal, premium, interest (including, without limitation, all interest that accrues after the
commencement of any case, proceeding or other action relating to the bankruptcy, insolvency,
reorganization or similar proceeding of such Grantor at the rate provided for in the respective
documentation, whether or not such claim for post-petition interest is allowed in any such
proceeding)) owing by such Grantor to the Note Collateral Agent, the Trustee and the Secured
Parties under the Notes, the Indenture and the other Note Documents; (ii) any and all sums advanced
by the Note Collateral Agent in accordance with the Indenture or any of the other Note Documents in
order to preserve the Collateral or preserve its security interest in the Collateral; (iii) in the
event of any proceedings for the collection or enforcement of any indebtedness, obligations, or
liabilities of such Grantor referred to in clause (i) above, the reasonable expenses of retaking,
holding, preparing for sale or lease, selling or otherwise disposing of or realizing on the
Collateral of such Grantor, or of any exercise by the Note Collateral Agent of its rights hereunder
with respect to such Collateral, together with reasonable attorneys’ fees and court costs.

          “Patent Licenses”: with respect to any Grantor, all written license agreements of
such Grantor providing for the grant by or to such Grantor of any right under any patent, patent
application, or patentable invention other than agreements with any Person who is an Affiliate or a
Subsidiary of the Company or such Grantor, including, without limitation, the material license
agreements listed on Schedule 5 hereto, subject, in each case, to the terms of such license
agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or
hereafter covered by such licenses.

          “Patents”: with respect to any Grantor, all of such Grantor’s right, title and
interest in and to all United States and foreign patents, patent applications and patentable
inventions and all reissues and extensions thereof, including, without limitation, all patents and
patent applications identified in Schedule 5 hereto, and including, without limitation, (i)
all inventions and improvements described and claimed therein, (ii) the right to sue or otherwise
recover for any and all past, present and future infringements and misappropriations thereof, (iii)
all income, royalties, damages and other payments now and hereafter due and/or payable with respect
thereto (including, without limitation, payments under all licenses entered into in connection
therewith, and damages and payments for past, present or future infringements thereof) and (iv) all
other rights corresponding thereto and all reissues, divisions, continuations,
continuations-in-part, substitutes, renewals, and extensions thereof, all improvements thereon, and
all other rights of any kind whatsoever of such Grantor accruing thereunder or pertaining thereto.

          “Patriot Act”: means the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56 (signed into law
October 26, 2001).

5

 

          “PL/PD Claims”: all claims that (i) arise out of or are related to damage to the
property of the Company or any of its Subsidiaries or out of bodily injury (including death) or
damage to the property of Persons other than the Company and its Subsidiaries and are classified as
“public liability and property damage” claims for purposes of the consolidated financial statements
of the Company and its Subsidiaries and (ii) arise out of or are related to any policy of insurance
under which the Company or any of its Subsidiaries is an insured or otherwise a beneficiary.

          “Pledged Collateral”: as to any Pledgor, the Pledged Securities now owned or at any
time hereafter acquired by such Pledgor, and any Proceeds thereof.

          “Pledged Notes”: with respect to any Pledgor, all promissory notes issued to or held
by any Grantor in a principal amount in excess of $3,500,000 (other than promissory notes issued in
connection with an extension of trade credit by any Grantor in the ordinary course of business) and
all Intercompany Notes at any time issued to, or held or owned by, such Pledgor.

          “Pledged Securities”: the collective reference to the Pledged Notes and the Pledged
Stock.

          “Pledged Stock”: with respect to any Pledgor, the shares of Capital Stock listed on
Schedule 2 as held by such Pledgor, together with any other shares, stock certificates,
options or rights of any nature whatsoever in respect of the Capital Stock of any Person that may
be issued or granted to, or held by, such Pledgor while this Agreement is in effect
(provided that in no event shall there be pledged, nor shall any Pledgor be required to
pledge, directly or indirectly, (i) any of the Capital Stock of Subsidiaries of Foreign
Subsidiaries, (ii) de minimis shares of a Foreign Subsidiary held by any Pledgor as a nominee or in
a similar capacity), (iii) more than 65% of the Capital Stock (including for these purposes any
investment deemed to be Capital Stock for U.S. tax purposes) of any Foreign Subsidiary and (iv)
Capital Stock of any non-wholly owned Foreign Subsidiary to the extent that the grant of the pledge
or security interest hereunder would violate the terms of any agreements under which an investment
by the Company or any of its Subsidiaries was made therein).

          “Pledgor”: the Issuers (with respect to Pledged Stock of the entities listed on
Schedule 2 hereto under the name of such applicable Issuer and all other Pledged Collateral
of such applicable Issuer) and each other Grantor (with respect to Pledged Securities held by such
Grantor and all other Pledged Collateral of such Grantor).

          “Proceeds”: all “proceeds” as such term is defined in Section 9-102(a)(64) of the
Uniform Commercial Code in effect in the State of New York on the date hereof and, in any event,
Proceeds of Pledged Securities shall include, without limitation, all dividends or other income
from the Pledged Securities, collections thereon or distributions or payments with respect thereto.

          “Rental Fleet”: all Equipment owned by or leased to the Company or a Subsidiary of
the Company.

          “Restrictive Agreements”: as defined in subsection 2.3(a).

6

 

          “Restricted Asset”: means at any time prior to the termination of the Senior Credit
Agreement, any asset other than Collateral that would not be subject to a Lien granted under a U.S.
Security Document to secure the “Obligations” as defined in the Senior Collateral Agreement. For
purposes of this definition, the terms “Collateral”, “Lien” and “U.S. Security Document” shall have
the meanings given to such terms in the Senior Credit Agreement as in effect on the date hereof.

          “RSC”: as defined in the preamble hereto.

          “Second-Lien Term Loan Credit Agreement”: that certain Second Lien Term Loan Credit
Agreement, dated as of November 27, 2006, as amended, amended and restated, waived, supplemented or
otherwise modified from time to time, together with any agreement in whole or in part extending the
maturity of, or restructuring, refunding, refinancing or increasing the Indebtedness under, such
agreement or successor agreements, among Holdings, the Issuers, Deutsche Bank AG, New York Branch,
as administrative agent and collateral agent, and the lenders and other financial institutions from
time to time party thereto.

          “Second Lien Term Loan Guarantee and Collateral Agreement”: that certain Guarantee and
Collateral Agreement, dated as of the date hereof, among Holdings, the Company, RSC and DBNY, as
collateral agent, as amended, amended and restated, waived, supplemented or otherwise modified from
time to time.

          “Secured Parties”: (i) the Holders; (ii) the Trustee, (iii) the Note Collateral
Agent, (iv) and any other holders of, or obligees in respect of, any First Lien Last Out
Obligations outstanding at such time under the Indenture and (v) any successors, endorsees,
transferees and assigns of each of the foregoing.

          “Security Collateral”: with respect to any Grantor, collectively, the Collateral (if
any) and the Pledged Collateral (if any) of such Grantor.

          “Senior Collateral Agent”: as defined in the recitals hereto.

          “Senior Collateral Agreement”: means that certain U.S. Guarantee and Collateral
Agreement, dated as of November 27, 2006, as amended, restated, amended and restated, supplemented
or otherwise modified from time to time, made by Holdings, the Company, RSC and certain Domestic
Subsidiaries of RSC in favor of the Senior Collateral Agent.

          “Specified Asset”: as defined in subsection 3.1.2 hereof.

          “Trade Secret Licenses”: with respect to any Grantor, all written license agreements
of such Grantor providing for the grant by or to such Grantor of any right under any trade secrets,
including, without limitation, know how, processes, formulae, compositions, designs, and
confidential business and technical information, and all rights of any kind whatsoever accruing
thereunder or pertaining thereto, other than agreements with any Person who is an Affiliate or a
Subsidiary of the Company or such Grantor, subject, in each case, to the terms of such license
agreements, and the right to prepare for sale, sell and advertise for sale, all Inventory now or
hereafter covered by such licenses.

7

 

          “Trade Secrets”: with respect to any Grantor, all of such Grantor’s right, title and
interest in and to all United States and foreign trade secrets, including, without limitation,
know-how, processes, formulae, compositions, designs, and confidential business and technical
information, and all rights of any kind whatsoever accruing thereunder or pertaining thereto,
including, without limitation, (i) all income, royalties, damages and payments now and hereafter
due and/or payable with respect thereto, including, without limitation, payments under all
licenses, non-disclosure agreements and memoranda of understanding entered into in connection
therewith, and damages and payments for past or future misappropriations thereof and (ii) the right
to sue or otherwise recover for past, present or future misappropriations thereof.

          “Trademark Licenses”: with respect to any Grantor, all written license agreements of
such Grantor providing for the grant by or to such Grantor of any right under any trademarks,
service marks, trade names, trade dress or other indicia of trade origin or business identifiers,
and all rights of any kind whatsoever accruing thereunder or pertaining thereto, other than
agreements with any Person who is an Affiliate or a Subsidiary of the Company or such Grantor,
including, without limitation, the material license agreements listed on Schedule 5 hereto,
subject, in each case, to the terms of such license agreements, and the right to prepare for sale,
sell and advertise for sale, all Inventory now or hereafter covered by such licenses.

          “Trademarks”: with respect to any Grantor, all of such Grantor’s right, title and
interest in and to all United States and foreign trademarks, service marks, trade names, trade
dress or other indicia of trade origin or business identifiers, trademark and service mark
registrations, and applications for trademark or service mark registrations (except for “intent to
use” applications for trademark or service mark registrations filed pursuant to Section l(b) of the
Lanham Act, 15 U.S.C. § 1051, unless and until an Amendment to Allege Use or a Statement of Use
under Sections l(c) and l(d) of said Act has been filed, it being understood and agreed that the
carve out in this parenthetical shall be applicable only if and for so long as a grant of a
security interest in such intent to use application would invalidate or otherwise jeopardize
Grantor’s rights therein), and any renewals thereof, including, without limitation, each
registration and application identified in Schedule 5 hereto, and including, without
limitation, (i) the right to sue or otherwise recover for any and all past, present and future
infringements or dilutions thereof, (ii) all income, royalties, damages and other payments now and
hereafter due and/or payable with respect thereto (including, without limitation, payments under
all licenses entered into in connection therewith, and damages and payments for past or future
infringements thereof) and (iii) all other rights corresponding thereto and all other rights of any
kind whatsoever of such Grantor accruing thereunder or pertaining thereto in the United States,
together in each case with the goodwill of the business connected with the use of, and symbolized
by, each such trademark, service mark, trade name, trade dress or other indicia of trade origin or
business identifiers.

          “Trustee”: as defined in the recitals hereto.

          “ULC Shares”: shares in any unlimited company, incorporated or organized under the
laws of Canada or any province or territory thereof, at any time owned or otherwise held by the
Grantor.

8

 

          “U.S. Collateral Proceeds Account”: a non-interest bearing cash collateral account
established and maintained by the relevant Grantor in the name, and in the sole dominion and
control of, the Note Collateral Agent for the benefit of the Secured Parties.

          Section 1.2. Other Definitional Provisions.

          (a) The words “hereof,” “herein,” “hereto” and “hereunder” and words of similar import when
used in this Agreement shall refer to this Agreement as a whole and not to any particular provision
of this Agreement, and Article, Section, Schedule and Annex references are to this Agreement unless
otherwise specified.

          (b) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

          (c) Where the context requires, terms relating to the Collateral, Pledged Collateral or
Security Collateral, or any part thereof, when used in relation to a Grantor shall refer to such
Grantor’s Collateral, Pledged Collateral or Security Collateral or the relevant part thereof.

          (d) All references in this Agreement to any of the property described in the definition of the
term “Collateral” or “Pledged Collateral,” or to any Proceeds thereof, shall be deemed to be
references thereto only to the extent the same constitute Collateral or Pledged Collateral,
respectively.

ARTICLE II

Grant of Security Interest

          Section 2.1. Grant. Each Grantor hereby grants, subject to existing licenses to use the Copyrights, Patents,
Trademarks and Trade Secrets granted by such Grantor in the ordinary course of business, to the
Note Collateral Agent, for the benefit of the Secured Parties, a security interest in all of the
Collateral of such Grantor, as collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or otherwise) of the
Obligations of such Grantor, except as provided in subsection 2.3. The term “Collateral,”
as to any Grantor, means the following property (wherever located) now owned or at any time
hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future
may acquire any right, title or interest, except as provided in subsection 2.3:

     (a) all Accounts;

     (b) all Accounts Receivable;

     (c) all Money (including all cash);

     (d) all Cash Equivalents;

     (e) all Chattel Paper;

     (f) all Contracts;

9

 

     (g) all Deposit Accounts (including DDAs);

     (h) all Documents;

     (i) all Equipment;

     (j) all General Intangibles;

     (k) all Instruments;

     (l) all insurance proceeds;

     (m) all Intellectual Property;

     (n) all Inventory;

     (o) all Investment Property;

     (p) all Letter of Credit Rights;

     (q) all Rental Fleet;

     (r) all Fixtures;

     (s) all Commercial Tort Claims constituting Commercial Tort Actions described in
Schedule 7 (together with any Commercial Tort Actions subject to a further writing
provided in accordance with subsection 4.1.9);

     (t) all books and records pertaining to any of the foregoing;

     (u) the U.S. Collateral Proceeds Account; and

     (v) to the extent not otherwise included, all Proceeds and products of any and all of
the foregoing and all collateral security and guarantees given by any Person with respect to
any of the foregoing;

provided that, in the case of each Grantor, Collateral shall not include any Pledged
Collateral or any property or assets specifically excluded from Pledged Collateral (including any
Capital Stock of any Foreign Subsidiary in excess of 65% of any series of such stock).

          Section 2.2. Pledged Collateral. Each Grantor that is a Pledgor hereby grants to the Note Collateral Agent, for the benefit
of the Secured Parties, a security interest in all of the Pledged Collateral of such Pledgor now
owned or at any time hereafter acquired by such Pledgor, and any Proceeds thereof, as collateral
security for the prompt and complete payment and performance when due (whether
at the stated maturity, by acceleration or otherwise) of the Obligations of such Pledgor,
except as provided in subsection 2.3.

10

 

          Section 2.3. Certain Limited Exceptions. No security interest is or will be granted pursuant hereto in any right, title or interest
of any Grantor under or in (collectively, the “Excluded Assets”):

     (a) any Instruments, Contracts, Chattel Paper, General Intangibles, Copyright Licenses,
Patent Licenses, Trademark Licenses, Trade Secret Licenses or other contracts or agreements
with or issued by Persons other than the Company, a Subsidiary of the Company or an
Affiliate thereof (collectively, “Restrictive Agreements”) that would otherwise be
included in the Security Collateral (and such Restrictive Agreements shall not be deemed to
constitute a part of the Security Collateral) for so long as, and to the extent that, the
granting of such a security interest pursuant hereto would result in a breach, default or
termination of such Restrictive Agreements (in each case, except to the extent that,
pursuant to the Code or other applicable law, the granting of security interests therein can
be made without resulting in a breach, default or termination of such Restrictive
Agreements);

     (b) any Equipment that would otherwise be included in the Security Collateral (and such
Equipment shall not be deemed to constitute a part of the Security Collateral) if such
Equipment is subject to a Lien permitted by Section 413 of the Indenture as a Permitted Lien
pursuant to clause (h) of the definition of such term (but only for so long as such Liens
are in place), except to the extent constituting Collateral under the Senior Credit
Agreement or the Second Lien Term Loan Credit Agreement;

     (c) any property that would otherwise be included in the Security Collateral (and such
property shall not be deemed to constitute a part of the Security Collateral) if such
property has been sold or otherwise transferred in connection with a sale and leaseback
transaction permitted under Section 411 of the Indenture, or is subject to any Liens
permitted under Section 413 of the Indenture and consists of property subject to any such
sale and leaseback transaction or general intangibles related thereto, except to the extent
constituting Collateral under the Senior Credit Agreement or the Second Lien Term Loan
Credit Agreement. Notwithstanding the foregoing, the security interest of the Note
Collateral Agent shall attach to any money, securities or other consideration received by
any Grantor as consideration for the sale or other disposition of such property;

     (d) any Intellectual Property governed by the laws of a jurisdiction in which a
security interest or similar lien of any kind is prohibited under that jurisdiction’s laws,
for so long as the laws of that jurisdiction so provide;

     (e) Capital Stock which is specifically excluded from the definition of “Pledged Stock”
by virtue of the proviso contained in the parenthetical to such definition;

     (f) Capital Stock issued by Canadian Finco and any other ULC Shares. If any Grantor
shall execute and deliver any agreements, documents, opinions or certificates in favor of
the U.S. Collateral Agent (as such term is defined in the Senior Credit Agreement) to pledge any ULC Shares to the U.S. Collateral Agent, it shall at such time
execute and deliver such agreements, documents, instruments and opinion to pledge such

11

 

ULC Shares to the Note Collateral Agent for the benefit of the Secured Parties, in each case, in
form and substance reasonably acceptable to the Note Collateral Agent;

     (g) any forward contracts between RSC and RSC Canada entered into in connection with
the loan made by Canadian Finco to RSC Canada;

     (h) any Money, cash, checks, other negotiable instrument, funds and other evidence of
payment held in any Deposit Account of the Company or any of its Subsidiaries (i) for the
benefit of customers of any Grantor or any of its Subsidiaries in the ordinary course of
business and (ii) in the nature of security deposit with respect to obligations for the
benefit of the Company or any of its Subsidiaries, which must be held for or returned to the
applicable counterparty under applicable law or pursuant to Contractual Obligations; or

     (i) any Restricted Asset.

          Section 2.4. Second Lien Intercreditor Relations. Notwithstanding anything herein to the contrary, it is the understanding of the parties
that the Liens granted pursuant to this Agreement shall with respect to all Security Collateral, be
senior to the Liens granted to the Second-Lien Collateral Agent (as defined in the General
Intercreditor Agreement) for the benefit of the holders of the Second-Lien Obligations (as defined
in the General Intercreditor Agreement) to secure the Second-Lien Obligations (as defined in the
General Intercreditor Agreement) pursuant to the Second-Lien Term Loan Guarantee and Collateral
Agreement. It is understood that the relative priority of such Lien may be determined solely
pursuant to the General Intercreditor Agreement and not by priority as a matter of law or
otherwise. Notwithstanding anything herein to the contrary, the Liens and security interest
granted to the Note Collateral Agent pursuant to this Agreement and the exercise of any right or
remedy by the Note Collateral Agent hereunder are subject to the provisions of the General
Intercreditor Agreement. In the event of any conflict between the terms of the General
Intercreditor Agreement and this Agreement, the terms of the General Intercreditor Agreement shall
govern and control.

          Section 2.5. First Lien Intercreditor Relations. Notwithstanding anything herein to the contrary, it is the understanding of the parties
that the Liens granted pursuant to this Agreement shall with respect to all Security Collateral be
second in priority (as described in the First Lien Intercreditor Agreement) to the Liens granted to
the Senior Collateral Agent for the benefit of the holders of the Senior Obligations (as defined in
the First Lien Intercreditor Agreement) to secure the Senior Obligations (as defined in the First
Lien Intercreditor Agreement) pursuant to the Senior Collateral Agreement. Notwithstanding
anything herein to the contrary, the Liens and security interest granted to the Note Collateral
Agent pursuant to this Agreement and the exercise of any right or remedy by the Note Collateral
Agent hereunder are subject to the provisions of the First Lien Intercreditor Agreement.
Notwithstanding applicable law or otherwise, the relative priority of such Liens shall be
subject to the First Lien Intercreditor Agreement. In the event of any conflict between the
terms of the First Lien Intercreditor Agreement and this Agreement, the terms of the First Lien
Intercreditor Agreement shall govern and control. Notwithstanding anything herein to the contrary,
prior to the Discharge of Senior Obligations (as defined in the First Lien Intercreditor
Agreement), the requirements of this Agreement to deliver Collateral and any certificates,
Instruments or Documents in relation thereto to the Note Collat-

12

 

eral Agent shall be deemed satisfied
by delivery of such Collateral and such certificates, Instruments or Documents in relation thereto
to the Senior Collateral Agent.

ARTICLE III

Representations and Warranties

          Section 3.1. Representations and Warranties of Each Grantor. To induce the Trustee to enter into the Indenture and induce the Holders to purchase the
Notes thereunder, each Grantor hereby represents and warrants on the date hereof to the Note
Collateral Agent and each other Secured Party that:

     3.1.1 Title; No Other Liens. Except for the security interests granted to the
Note Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement and
the other Liens permitted to exist on such Grantor’s Security Collateral by the Indenture
(including, without limitation, Section 413 thereof), such Grantor owns each item of such
Grantor’s Security Collateral free and clear of any and all Liens. Except as set forth on
Schedule 3, no currently effective financing statement or other similar public
notice with respect to all or any part of such Grantor’s Security Collateral is on file or
of record in any public office, except such as have been filed in favor of the Note
Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement or as are
permitted by the Indenture (including without limitation Section 413 thereof).

     3.1.2 Perfected Priority Liens.

     (a) This Agreement is effective to create, as collateral security for the Obligations
of such Grantor, valid and enforceable Liens on such Grantor’s Security Collateral in favor
of the Note Collateral Agent for the benefit of the Secured Parties, except (i) with respect
to all Intellectual Property that is an Excluded Asset or (ii) as enforceability may be
affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditor’s rights generally, general equitable
principles (whether considered in a proceeding in equity or at law) and an implied covenant
of good faith and fair dealing.

     (b) Except with regard to (i) Liens (if any) on Specified Assets and (ii) any rights in
favor of the United States government as required by law (if any), upon the completion of
the Filings and, with respect to Instruments, Chattel Paper and Documents, upon the earlier
of such Filing or the delivery to and continuing possession by the Note
Collateral Agent or the Senior Collateral Agent, acting as the agent for the Note
Collateral Agent for purposes of perfection, as applicable, in accordance with the First
Lien Intercreditor Agreement, of all Instruments, Chattel Paper and Documents a security
interest in which is perfected by possession, and the obtaining and maintenance of “control”
(as described in the Code) by the Note Collateral Agent (or the Senior Collateral Agent,
acting as agent for the Note Collateral Agent for purposes of perfection (or their
respec-

13

 

tive agents appointed for purposes of perfection), in accordance with the First Lien
Intercreditor Agreement of all Deposit Accounts, the U.S. Collateral Proceeds Account,
Electronic Chattel Paper and Letter-of-Credit Rights a security interest in which is
perfected by “control” and in the case of Commercial Tort Actions (other than such
Commercial Tort Actions listed on Schedule 7 on the date of this Agreement), the
taking of the actions required by subsection 4.1.9 herein, the Liens created pursuant to
this Agreement will constitute valid Liens on and (to the extent provided herein) perfected
security interests in such Grantor’s Security Collateral in favor of the Note Collateral
Agent for the benefit of the Secured Parties, and will be prior to all other Liens of all
other Persons other than Permitted Liens, and enforceable as such as against all other
Persons other than Ordinary Course Transferees, except to the extent that the recording of
an assignment or other transfer of title to the Note Collateral Agent or the Senior
Collateral Agent, as applicable, in accordance with the First Lien Intercreditor Agreement
or otherwise, or the recording of other applicable documents in the United States Patent and
Trademark Office or United States Copyright Office may be necessary for perfection or
enforceability, and except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether enforcement is
sought by proceedings in equity or at law) or by an implied covenant of good faith and fair
dealing. As used in this subsection 3.1.2(b), the following terms shall have the following
meanings:

     “Filings”: the filing or recording of (i) the Financing Statements as set
forth in Schedule 3, (ii) this Agreement or a notice thereof with respect to
Intellectual Property as set forth in Schedule 3, (iii) the recordation after the
date hereof on the certificate of title related thereto of each Lien granted in favor of the
Note Collateral Agent hereunder, subject to certificate of title statutes and (iv) any
filings after the date hereof in any other jurisdiction as may be necessary under any
Requirement of Law.

     “Financing Statements”: the financing statements delivered to the Note
Collateral Agent by such Grantor on the date hereof for filing in the jurisdictions listed
in Schedule 4.

     “Ordinary Course Transferees”: (i) with respect to goods only, buyers in the
ordinary course of business and lessees in the ordinary course of business to the extent
provided in Section 9-320(a) and 9-321 of the Uniform Commercial Code as in effect from time
to time in the relevant jurisdiction, (ii) with respect to general intangibles only,
licensees in the ordinary course of business to the extent provided in Section 9-321 of the
Uniform Commercial Code as in effect from time to time in the relevant jurisdiction and
(iii) any other Person who is entitled to take free of the Lien pursuant to the Uniform
Commercial Code as in effect from time to time in the relevant jurisdiction.

     “Permitted Liens”: Liens permitted pursuant to the Indenture, including
without limitation those permitted to exist pursuant to Section 413 of the Indenture.

     “Specified Assets”: the following property and assets of such Grantor:

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     (1) Patents, Patent Licenses, Trademarks and Trademark Licenses to the extent
that (a) Liens thereon cannot be perfected by the filing of financing statements
under the Uniform Commercial Code or by the filing and acceptance thereof in the
United States Patent and Trademark Office (including Liens on such Patents, Patent
Licenses, Trademarks and Trademark Licenses that are non-U.S. Patents, Patent
Licenses, Trademarks and Trademark Licenses) or (b) such Patents, Patent Licenses,
Trademarks and Trademark Licenses are not, individually or in the aggregate,
material to the business of the Company and its Subsidiaries taken as a whole;

     (2) Copyrights and Copyright Licenses with respect thereto and Accounts or
receivables arising therefrom to the extent that the Uniform Commercial Code as in
effect from time to time in the relevant jurisdiction is not applicable to the
creation or perfection of Liens thereon;

     (3) Collateral for which the perfection of Liens thereon requires filings in or
other actions under the laws of jurisdictions outside of the United States of
America, any State, territory or dependency thereof or the District of Columbia;

     (4) goods included in Collateral received by any Person from any Grantor for
“sale or return” within the meaning of Section 2-326 of the Uniform Commercial Code
of the applicable jurisdiction, to the extent of claims of creditors of such Person;

     (5) Equipment constituting Fixtures;

     (6) Proceeds of Accounts or Inventory which do not themselves constitute
Collateral or which have not yet been transferred to or deposited in the U.S.
Collateral Proceeds Account (if any) or to a Blocked Account of Grantor subject to
the Note Collateral Agent’s control; and

     (7) uncertificated securities (to the extent a security interest is not
perfected by the filing of a financing statement).

     3.1.3 Jurisdiction of Organization. On the date hereof, such Grantor’s
jurisdiction of organization, chief executive office and legal name is specified on
Schedule 4. No Grantor has changed its legal name in the last 5 years, except as set
forth on Schedule 4. Except for those purchases, acquisitions and other transactions
described in Schedule 4 attached hereto, no Grantor has acquired all or
substantially all of (i) the assets or equity interests or (ii) a division or line of
business, in each case, of a Person in the last five years.

     3.1.4 Farm Products. None of such Grantor’s Collateral constitutes, or is the
Proceeds of, Farm Products.

     3.1.5 Patents, Copyrights and Trademarks. Schedule 5 lists all
material Trademarks, material Copyrights and material Patents, in each case, registered in
the United States Patent and Trademark Office or the United States Copyright Office or other

15

 

equivalent foreign office, as applicable, and owned by such Grantor in its own name as of
the date hereof, and all material Trademark Licenses, all material Copyright Licenses and
all material Patent Licenses (including, without limitation, material Trademark Licenses for
registered Trademarks, material Copyright Licenses for registered Copyrights and material
Patent Licenses for registered Patents) owned by such Grantor in its own name as of the date
hereof.

          Section 3.2. Representations and Warranties of Each Pledgor. To induce the Trustee to enter into the Indenture and induce the Holders to purchase the
Notes thereunder, each Pledgor hereby represents and warrants on the date hereof to the Note
Collateral Agent and each other Secured Party that:

     3.2.1 Except as provided in subsection 2.3, the shares of Pledged Stock pledged by such
Pledgor hereunder constitute (i) in the case of shares of a Domestic Subsidiary, all the
issued and outstanding shares of all classes of the Capital Stock of such Domestic
Subsidiary owned by such Pledgor and (ii) in the case of any Pledged Stock constituting
Capital Stock of any Foreign Subsidiary, such percentage (not more than 65%) as is specified
on Schedule 2 of all the issued and outstanding shares of all classes of the Capital
Stock of each such Foreign Subsidiary owned by such Pledgor.

     3.2.2 All the shares of the Pledged Stock pledged by such Pledgor hereunder have been
duly and validly issued and are fully paid and non-assessable (or the equivalent, if any,
under applicable foreign law).

     3.2.3 Such Pledgor is the record and beneficial owner of, and has good title to, the
Pledged Securities pledged by it hereunder, free of any and all Liens or options in favor
of, or claims of, any other Person, except the security interest created by this Agreement
and Liens arising by operation of law or permitted by the Indenture (including those
permitted to exist pursuant to Section 413 of the Indenture).

     3.2.4 Upon the delivery to the Senior Collateral Agent or the Note Collateral Agent, as
applicable, in accordance with the First Lien Intercreditor Agreement, of the certificates,
if any, evidencing the Pledged Securities held by such Pledgor together with executed
undated stock powers or other instruments of transfer, the security interest created in such
Pledged Securities constituting certificated securities by this Agreement, assuming the
continuing possession of such Pledged Securities by the Note Collateral Agent or the Senior
Collateral Agent, as applicable, in accordance with the First Lien Intercreditor Agreement,
will constitute a valid, perfected security interest (subject to no liens other than
Permitted Liens) in such Pledged Securities to the extent provided in and governed by the
Code, enforceable in accordance with its terms against all creditors of
such Pledgor and any Persons purporting to purchase such Pledged Securities from such
Pledgor, except as enforceability may be affected by bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other similar laws relating to or affecting
creditors’ rights generally, general equitable principles (whether considered in a
proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

16

 

     3.2.5 Upon the earlier of (x) (to the extent a security interest in uncertificated
securities may be perfected by the filing of a financing statement) the filing of the
financing statements listed on Schedule 3 hereto and (y) the obtaining and
maintenance of “control” (as described in the Code) by the Senior Collateral Agent or the
Note Collateral Agent (or their respective agents appointed for purposes of perfection), as
applicable, in accordance with the First Lien Intercreditor Agreement, of all Pledged
Securities that constitute uncertificated securities, the security interest created by this
Agreement in such Pledged Securities that constitute uncertificated securities, will
constitute a valid, perfected security interest (subject to no liens other than Permitted
Liens) in such Pledged Securities constituting uncertificated securities, enforceable in
accordance with its terms against all creditors of such Pledgor and any persons purporting
to purchase such Pledged Securities from such Pledgor, to the extent provided in and
governed by the Code, except as enforceability may be affected by bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or
affecting creditors’ rights generally, general equitable principles (whether considered in a
proceeding in equity or at law) and an implied covenant of good faith and fair dealing.

ARTICLE IV

Covenants

          Section 4.1. Covenants of Each Grantor. Each Grantor covenants and agrees with the Note Collateral Agent and the other Secured
Parties that, from and after the date of this Agreement until the earlier to occur of (i) the date
upon which the Notes and all other Obligations then due and owing shall have been paid in full in
cash or (ii) as to any Grantor, the date upon which all the Capital Stock of such Grantor shall
have been sold or otherwise disposed of (to a Person other than the Company or a Subsidiary of the
Company) in accordance with the terms of the Indenture:

     4.1.1 Delivery of Instruments and Chattel Paper. If any amount payable under
or in connection with any of such Grantor’s Collateral shall be or become evidenced by any
Instrument or Chattel Paper, such Grantor shall (except as provided in the following
sentence) be entitled to retain possession of all Collateral of such Grantor evidenced by
any Instrument or Chattel Paper, and shall hold all such Collateral in trust for the Note
Collateral Agent, for the benefit of the Secured Parties. In the event that an Event of
Default shall have occurred and be continuing, subject to the First Lien Intercreditor
Agreement, upon the request of the Note Collateral Agent, such Instrument or Chattel Paper
(other than ordinary course rental contracts for Rental Fleet) shall be promptly delivered
to the Note Collateral Agent duly indorsed in a manner reasonably satisfactory to the Note
Collateral Agent to be held as Collateral pursuant to this Agreement. Such Grantor
shall not permit any other Person to possess any such Collateral at any time other than
in connection with any sale or other disposition of such Collateral in a transaction
permitted by the Indenture.

     4.1.2 Maintenance of Insurance. Such Grantor will maintain with financially
sound and reputable insurance companies insurance on all property material to the business
of the Company and its Subsidiaries, taken as a whole, in at least such amounts and

17

 

against
at least such risks (but including in any event public liability, product liability and
business interruption) as are usually insured against in the same general area by companies
of similar size engaged in the same or a similar business; furnish to the Note Collateral
Agent, upon written request, information in reasonable detail as to the insurance carried;
and ensure that at all times following the date that is 60 days after the date hereof (or
such longer period of time as agreed to by the Note Collateral Agent in writing) the Note
Collateral Agent shall be named as additional insureds with respect to liability policies
and the Note Collateral Agent shall be named loss payee with respect to the casualty
insurance maintained by such Grantor with respect to such Grantor’s Collateral.

     4.1.3 Maintenance of Perfected Security Interest; Further Documentation.

     (a) Such Grantor shall maintain the security interest created by this Agreement in such
Grantor’s Collateral as a perfected security interest having at least the priority described
in subsection 3.1.2 and shall defend such security interest against the claims and demands
of all Persons whomsoever.

     (b) Except with respect to Intellectual Property that is an Excluded Asset, at any time
and from time to time, upon the written request of the Note Collateral Agent, and at the
sole expense of such Grantor, such Grantor will promptly and duly execute and deliver such
further instruments and documents and take such further actions as the Note Collateral Agent
may reasonably request for the purpose of obtaining or preserving the full benefits of this
Agreement and of the rights and powers herein granted by such Grantor, including, without
limitation, the filing of any financing or continuation statements under the Uniform
Commercial Code (or other similar laws) in effect in any jurisdiction with respect to the
security interests created hereby.

     4.1.4 Changes in Name, Jurisdiction of Organization, etc. Such Grantor will
not, except upon prompt written notice to the Note Collateral Agent, change its name or
jurisdiction of organization (whether by merger or otherwise). Each Grantor agrees not to
effect or permit any change referred to in the preceding sentence unless all filings have
been made or will have been made within any applicable statutory period under the Code or
otherwise that are required in order for the Note Collateral Agent to continue following
such change to have a valid and, to the extent required by this Agreement, perfected
security interest in all the Security Collateral with the same priority as immediately prior
to such change.

     4.1.5 Notices. Such Grantor will advise the Note Collateral Agent promptly, in
reasonable detail, of any Lien (other than security interests created hereby or Liens
permitted under the Indenture, including without limitation under Section 403 of the
Indenture) on any of such Grantor’s Collateral which would materially adversely affect the
ability of the Note Collateral Agent to exercise any of its remedies hereunder.

     4.1.6 Pledged Stock. In the case of each Grantor that is an Equity Issuer,
such Equity Issuer agrees that (i) it will be bound by the terms of this Agreement relating
to the Pledged Stock issued by it and will comply with such terms insofar as such terms are
applicable to it, (ii) it will notify the Note Collateral Agent promptly in writing of the
oc-

18

 

currence of any of the events described in subsection 4.2.1 with respect to the Pledged
Stock issued by it and (iii) the terms of subsections 5.3(c) and 5.7 shall apply to it,
mutatis mutandis, with respect to all actions that may be required of it pursuant to
subsection 5.3(c) or 5.7 with respect to the Pledged Stock issued by it.

     4.1.7 Maintenance of Records. Such Grantor will keep and maintain at its own
cost and expense reasonably satisfactory and complete records of its Collateral, including,
without limitation, a record of all payments received and all credits granted with respect
to such Collateral, and shall mark such records to evidence this Agreement and the Liens and
the security interests created hereby.

     4.1.8 Acquisition of Intellectual Property. Within 90 days after the end of
each calendar year, such Grantor will notify the Note Collateral Agent of any acquisition by
such Grantor of (i) any registration of any material Copyright, Patent or Trademark or (ii)
any exclusive rights under a material Copyright License, Patent License or Trademark License
constituting Collateral, and, except with respect to Intellectual Property that is an
Excluded Asset, shall take such actions as may be reasonably requested by the Note
Collateral Agent (but only to the extent such actions are within such Grantor’s control) to
perfect the security interest granted to the Note Collateral Agent and the other Secured
Parties therein, to the extent provided herein in respect of any Copyright, Patent or
Trademark constituting Collateral on the date hereof, by (x) the execution and delivery of
an amendment or supplement to this Agreement (or amendments to any such agreement previously
executed or delivered by such Grantor) and/or (y) the making of appropriate filings (I) of
financing statements under the Uniform Commercial Code of any applicable jurisdiction and/or
(II) in the United States Patent and Trademark Office, or with respect to Copyrights and
Copyright Licenses, another applicable United States office).

     4.1.9 Commercial Tort Actions. All Commercial Tort Actions of each Grantor in
existence on the date of this Agreement, known to such Grantor after reasonable inquiry, are
described in Schedule 7 hereto. If any Grantor shall at any time after the date of
this Agreement acquire a Commercial Tort Action, such Grantor shall promptly notify the Note
Collateral Agent thereof in a writing signed by such Grantor and describing the details
thereof and shall grant to the Note Collateral Agent in such writing a security interest
therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing
to be in form and substance reasonably satisfactory to the Note Collateral Agent.

     4.1.10 Assignment of Letter of Credit Rights. In the case of any
Letter-of-Credit Rights of any Grantor in any letter of credit exceeding $5,000,000 in value
acquired following the date hereof, such Grantor shall use its commercially reasonable
efforts to promptly obtain the consent of the issuer thereof and any nominated person
thereon to the
assignment of the proceeds of the related letter of credit in accordance with Section
5-114(c) of the Code, pursuant to an agreement in form and substance reasonably satisfactory
to the Note Collateral Agent.

          Section 4.2. Covenants of Each Pledgor. Each Pledgor covenants and agrees with the Note Collateral Agent and the other Secured
Parties that, from and after the date of this Agreement until the earlier to occur of (i) the Notes
and all other Obligations then due and owing

19

 

shall have been paid in full in cash or (ii) as to any
Pledgor, all the Capital Stock of such Pledgor shall have been sold or otherwise disposed of (to a
Person other than the Company or a Subsidiary of the Company) as permitted under the terms of the
Indenture:

     4.2.1 Additional Shares. If such Pledgor shall, as a result of its ownership
of its Pledged Stock, become entitled to receive or shall receive any stock certificate
(including, without limitation, any stock certificate representing a stock dividend or a
distribution in connection with any reclassification, increase or reduction of capital or
any certificate issued in connection with any reorganization), stock option or similar
rights in respect of the Capital Stock of any Equity Issuer, whether in addition to, in
substitution of, as a conversion of, or in exchange for, any shares of the Pledged Stock, or
otherwise in respect thereof, such Pledgor shall accept the same as the agent of the Note
Collateral Agent and the other Secured Parties, hold the same in trust for the Note
Collateral Agent and the other Secured Parties and (subject to the First Lien Intercreditor
Agreement) deliver the same forthwith to the Note Collateral Agent (who will hold the same
on behalf of the Secured Parties) in the exact form received, duly indorsed by such Pledgor
to the Note Collateral Agent if required, together with an undated stock power covering such
certificate duly executed in blank by such Grantor, to be held by the Note Collateral Agent,
as applicable, subject to the terms hereof, as additional collateral security for the
Obligations (subject to subsection 2.3 and provided that in no event shall there be
pledged, nor shall any Pledgor be required to pledge, more than 65% of any series of the
outstanding Capital Stock of any Foreign Subsidiary pursuant to this Agreement). Subject to
the First Lien Intercreditor Agreement, any sums paid upon or in respect of the Pledged
Stock upon the liquidation or dissolution of any Equity Issuer (except any liquidation or
dissolution of any Subsidiary of the Company in accordance with the Indenture) shall be paid
over to the Note Collateral Agent to be held by it hereunder as additional collateral
security for the Obligations, and in case any distribution of capital shall be made on or in
respect of the Pledged Stock or any property shall be distributed upon or with respect to
the Pledged Stock pursuant to the recapitalization or reclassification of the capital of any
Equity Issuer or pursuant to the reorganization thereof, the property so distributed shall,
subject to the First Lien Intercreditor Agreement, unless otherwise subject to a perfected
security interest in favor of the Note Collateral Agent, be delivered to the Note Collateral
Agent to be held by it hereunder as additional collateral security for the Obligations in
each case except as otherwise provided by the Intercreditor Agreement. If any sums of money
or property so paid or distributed in respect of the Pledged Stock shall be received by such
Pledgor, such Pledgor shall, until such money or property is paid or delivered to the Note
Collateral Agent, hold such money or property in trust for
the Secured Parties, segregated from other funds of such Pledgor, as additional
collateral security for the Obligations.

     4.2.2 Maintenance of Pledged Stock. Except as not prohibited by the Indenture,
such Pledgor will not (i) vote to enable, or take any other action to permit, any Equity
Issuer to issue any stock or other equity securities of any nature or to issue any other
securities convertible into, or granting the right to purchase or exchange for, any stock or
other equity securities of any nature of any Equity Issuer, (ii) sell, assign, transfer,
exchange, or otherwise dispose of, or grant any option with respect to, the Pledged
Securities or Proceeds thereof, (iii) create, incur or permit to exist any Lien or option in
favor

20

 

of, or any material adverse claim of any Person with respect to, any of the Pledged
Securities or Proceeds thereof, or any interest therein, except for the security interests
created by this Agreement or Liens arising by operation of law or (iv) enter into any
agreement or undertaking restricting the right or ability of such Pledgor or the Note
Collateral Agent to sell, assign or transfer any of the Pledged Securities or Proceeds
thereof. Each interest in any limited liability company created after the date hereof
pledged hereunder shall be represented by a certificate, shall be a “security” within the
meaning of Article VIII of the Code and shall be governed by Article VIII of the Code. The
charter documents of each such limited liability company shall include an express provision
providing that each interest in such entity “is a security governed by Article VIII of the
Uniform Commercial Code in effect in the State of New York on the date hereof”.

     4.2.3 Pledged Notes. Subject to the First Lien Intercreditor Agreement, such
Pledgor shall, on the date of this Agreement (or on such later date upon which it becomes a
party hereto pursuant to subsection 7.14), deliver to the Note Collateral Agent, all Pledged
Notes then held by such Pledgor (excluding any Pledged Note the principal amount of which
does not exceed $3,500,000), endorsed in blank or, at the request of the Note Collateral
Agent endorsed to the Note Collateral Agent. Furthermore, within ten Business Days after
any Pledgor obtains a Pledged Note with a principal amount in excess of $5,000,000, subject
to the First Lien Intercreditor Agreement, such Pledgor shall cause such Pledged Note to be
delivered to the Note Collateral Agent, endorsed in blank or at the request of the Note
Collateral Agent endorsed to the Note Collateral Agent.

     4.2.4 Additional Assets. In the event that after the date hereof, any Grantor
shall pledge any assets of such Grantor or undertake any actions to perfect or protect any
liens on any assets of such Grantor pledged in connection with the Senior Credit Agreement
or the Second Lien Term Loan Agreement, such Grantor shall also at the time pledge such
assets to the Note Collateral Agent and undertake such actions with respect to the
Collateral for the benefit of the Note Collateral Agent without request by the Note
Collateral Agent, to the extent then required pursuant to Section 417 of the Indenture.

ARTICLE V

Remedial Provisions

          Section 5.1. Certain Matters Relating to Accounts.

          (a) At any time and from time to time after the occurrence and during the continuance of an
Event of Default, the Note Collateral Agent shall have the right to make test verifications of the
Accounts Receivable constituting Collateral in any reasonable manner and through any reasonable
medium that it reasonably considers advisable, and the relevant Grantor shall furnish all such
assistance and information as the Note Collateral Agent may reasonably require in connection with
such test verifications. At any time and from time to time after the occurrence and during the
continuance of an Event of Default, upon the Note Collateral Agent’s reasonable request and at the
expense of the relevant Grantor, such Grantor shall cause independent public accountants or others
reasonably satisfactory to the Note Collateral Agent to fur-

21

 

nish to the Note Collateral Agent
reports showing reconciliations, aging and test verifications of, and trial balances for, the
Accounts Receivable constituting Collateral.

          (b) At any time and from time to time after the occurrence and during the continuance of an
Event of Default specified in Section 601(i) or (ii) of the Indenture, at the Note Collateral
Agent’s request, each Grantor shall deliver to the Note Collateral Agent copies or, if required by
the Note Collateral Agent for the enforcement thereof or foreclosure thereon, originals of all
documents held by such Grantor evidencing, and relating to, the agreements and transactions which
gave rise to such Grantor’s Accounts Receivable constituting Collateral, including, without
limitation, all statements relating to such Grantor’s Accounts Receivable constituting Collateral
and all orders, invoices and shipping receipts.

          (c) The Note Collateral Agent hereby authorizes each Grantor to collect such Grantor’s
Accounts Receivable constituting Collateral subject to Note Collateral Agent’s rights as a secured
party after an Event of Default.

          Section 5.2. Communications with Obligors; Grantors Remain Liable.

          (a) The Note Collateral Agent in its own name or in the name of others, may (subject to the
First Lien Intercreditor Agreement) at any time and from time to time after the occurrence and
during the continuance of an Event of Default specified in Section 601(i) or (ii) of the Indenture,
communicate with obligors under the Accounts Receivable constituting Collateral and parties to the
Contracts (in each case, to the extent constituting Collateral) to verify with them to the Note
Collateral Agent’s satisfaction the existence, amount and terms of any Accounts Receivable or
Contracts.

          (b) Upon the request of the Note Collateral Agent, at any time after the occurrence and during
the continuance of an Event of Default specified in Section 601(i) or (ii) of the Indenture, each
Grantor shall notify obligors on such Grantor’s Accounts Receivable and parties to such Grantor’s
Contracts (in each case, to the extent constituting Collateral) that such Accounts Receivable and
such Contracts have been assigned to the Note Collateral Agent, for the benefit of the Secured
Parties and that payments in respect thereof shall be made directly to the Note Collateral Agent.

          (c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under
each of such Grantor’s Accounts Receivable to observe and perform all the conditions and
obligations to be observed and performed by it thereunder, all in accordance with the terms of any
agreement giving rise thereto. None of the Note Collateral Agent or any other
Secured Party shall have any obligation or liability under any Account Receivable (or any
agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the
Note Collateral Agent or any other Secured Party of any payment relating thereto, nor shall the
Note Collateral Agent or any other Secured Party be obligated in any manner to perform any of the
obligations of any Grantor under or pursuant to any Account Receivable (or any agreement giving
rise thereto) to make any payment, to make any inquiry as to the nature or the sufficiency of any
payment received by it or as to the sufficiency of any performance by any party thereunder, to
present or file any claim, to take any action to enforce any performance or to collect the pay-

22

 

ment
of any amounts that may have been assigned to it or to which it may be entitled at any time or
times.

          Section 5.3. Pledged Stock.

          (a) Unless an Event of Default shall have occurred and be continuing and the Note Collateral
Agent shall have given notice to the relevant Pledgor of the Note Collateral Agent’s intent to
exercise its corresponding rights pursuant to subsection 5.3(b), each Pledgor shall be permitted to
receive all cash dividends and distributions paid in respect of the Pledged Stock (subject to the
last two sentences of subsection 4.2.1 of this Agreement) and all payments made in respect of the
Pledged Notes, to the extent permitted in the Indenture, and to exercise all voting and corporate
rights with respect to the Pledged Stock; provided, however, that no vote shall be
cast or corporate right exercised or such other action taken (other than in connection with a
transaction permitted by the Indenture) which would materially impair the Pledged Stock or the
related rights or remedies of the Secured Parties or which would result in any violation of any
provision of the Indenture, this Agreement or any other Note Document.

          (b) Subject to the First Lien Intercreditor Agreement, if an Event of Default shall occur and
be continuing and the Note Collateral Agent shall give notice of its intent to exercise such rights
to the relevant Pledgor or Pledgors, (i) the Note Collateral Agent shall have the right to receive
any and all cash dividends, payments or other Proceeds paid in respect of the Pledged Stock and
make application thereof to the Obligations of the relevant Pledgor in such order as is provided in
subsection 5.5 and (ii) any or all of the Pledged Stock shall be registered in the name of the Note
Collateral Agent or its nominee, as applicable, may thereafter exercise (x) all voting, corporate
and other rights pertaining to such Pledged Stock at any meeting of shareholders of the relevant
Equity Issuer or otherwise and (y) any and all rights of conversion, exchange, subscription and any
other rights, privileges or options pertaining to such Pledged Stock as if it were the absolute
owner thereof (including, without limitation, the right to exchange at its discretion any and all
of the Pledged Stock upon the merger, consolidation, reorganization, recapitalization or other
fundamental change in the corporate structure of any Equity Issuer, or upon the exercise by the
relevant Pledgor or the Note Collateral Agent, as applicable, of any right, privilege or option
pertaining to such Pledged Stock, and in connection therewith, the right to deposit and deliver any
and all of the Pledged Stock with any committee, depositary, transfer agent, registrar or other
designated agency upon such terms and conditions as the Note Collateral Agent may reasonably
determine), all without liability (other than for its gross negligence or willful misconduct, as
determined in a final non-appealable decision issued by a court of competent jurisdiction) except
to account for property actually received by it, but the Note Collateral Agent shall have no duty,
to any Pledgor to exercise any such right, privilege or option and shall not be responsible for any
failure to do so or delay in so doing, provided that the Note
Collateral Agent shall not exercise any voting or other consensual rights pertaining to the
Pledged Stock in any way that would constitute an exercise of the remedies described in subsection
5.6 other than in accordance with subsection 5.6.

          (c) Each Pledgor hereby authorizes and instructs each Equity Issuer or maker of any Pledged
Securities pledged by such Pledgor hereunder to (i) comply with any instruction received by it from
the Note Collateral Agent in writing that (x) states that an Event of Default has occurred and is
continuing and (y) is otherwise in accordance with the terms of this Agree-

23

 

ment and the First Lien
Intercreditor Agreement, without any other or further instructions from such Pledgor, and each
Pledgor agrees that each Equity Issuer or maker shall be fully protected in so complying and (ii)
unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to
the Pledged Securities directly to the Note Collateral Agent.

          Section 5.4. Proceeds to Be Turned Over to Note Collateral Agent. Subject to the First Lien Intercreditor Agreement, in addition to the rights of the Note
Collateral Agent and the other Secured Parties specified in subsection 5.1 with respect to payments
of Accounts Receivable constituting Collateral, if an Event of Default shall occur and be
continuing, and the Note Collateral Agent shall have instructed any Grantor to do so, all Proceeds
of Collateral received by such Grantor consisting of cash, checks and other Cash Equivalent items
shall be held by such Grantor in trust for the Note Collateral Agent and the other Secured Parties
hereto segregated from other funds of such Grantor, and shall, forthwith upon receipt by such
Grantor, be turned over to the Note Collateral Agent (or its agent appointed for purposes of
perfection, in the exact form received by such Grantor (duly indorsed by such Grantor to the Note
Collateral Agent if required). Subject to the First Lien Intercreditor Agreement, all Proceeds of
Collateral received by the Note Collateral Agent hereunder shall be held by the Note Collateral
Agent in the relevant U.S. Collateral Proceeds Account maintained under its sole dominion and
control. All Proceeds of Collateral while held by the Note Collateral Agent in such U.S.
Collateral Proceeds Account (or by the relevant Grantor in trust for the Note Collateral Agent and
the other Secured Parties) shall continue to be held as collateral security for all the Obligations
of such Grantor and shall not constitute payment thereof until applied as provided in subsection
5.5.

          Section 5.5. Application of Proceeds. It is agreed that if an Event of Default shall occur and be continuing, any and all
Proceeds of the relevant Grantor’s Collateral (as defined in the Indenture) received by the Note
Collateral Agent (whether from the relevant Grantor or otherwise) shall be held by the Note
Collateral Agent for the benefit of the Secured Parties as collateral security for the Obligations
of the relevant Grantor (whether matured or unmatured), and/or then or at any time thereafter may,
in the sole discretion of the Note Collateral Agent, be applied by the Note Collateral Agent
pursuant to Section 606 of the Indenture.

          It is understood that the Grantors shall remain jointly and severally liable to the extent of
any deficiency between the amount of the proceeds of the Collateral and the aggregate amount of the
Obligations.

          Section 5.6. Code and Other Remedies. If an Event of Default shall occur and be continuing, the Note Collateral Agent, on behalf
of the Secured Parties, may (subject to the First Lien Intercreditor Agreement) exercise, in
addition to all other rights and remedies granted to them in this Agreement and in any other
instrument or agreement securing, evidencing or relating to the Obligations to the extent permitted
by applicable law, all rights and remedies of a secured party under the Code, under any other
applicable law and in equity. Without limiting the generality of the foregoing, to the extent
permitted by applicable law, the Note Collateral Agent without demand of performance or other
demand, presentment, protest, advertisement or notice of any kind (except any notice required by
law referred to below) to or upon any Grantor or any other Person (all and each of which demands,
defenses, advertisements and notices are hereby waived), may (subject to the First Lien
Intercreditor Agreement) in such circumstances, forthwith collect, receive, appropriate and realize
upon the Security Collateral, or any part thereof,

24

 

and/or may forthwith sell, lease, assign, give
option or options to purchase, or otherwise dispose of and deliver the Security Collateral or any
part thereof (or contract to do any of the foregoing), in one or more parcels at public or private
sale or sales, at any exchange, broker’s board or office of the Note Collateral Agent or any other
Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such
prices as it may deem best, for cash or on credit or for future delivery without assumption of any
credit risk. The Note Collateral Agent or any other Secured Party shall have the right, to the
extent permitted by law, upon any such sale or sales, to purchase the whole or any part of the
Security Collateral so sold, free of any right or equity of redemption in such Grantor, which right
or equity is hereby waived and released. Each Grantor further agrees, at the Note Collateral
Agent’s request (subject to the First Lien Intercreditor Agreement), to assemble the Security
Collateral and make it available to the Note Collateral Agent at places which the Note Collateral
Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. The Note
Collateral Agent shall apply the net proceeds of any action taken by it pursuant to this subsection
5.6, after deducting all reasonable costs and expenses of every kind incurred in connection
therewith or incidental to the care or safekeeping of any of the Security Collateral or in any way
relating to the Security Collateral or the rights of the Note Collateral Agent and the other
Secured Parties hereunder, including, without limitation, reasonable attorneys’ fees and
disbursements, to the payment in whole or in part of the Obligations of the relevant Grantor then
due and owing, in the order of priority specified in subsection 5.5 above, and only after such
application and after the payment by the Note Collateral Agent of any other amount required by any
provision of law, including, without limitation, Section 9-615(a)(3) of the Code, need the Note
Collateral Agent account for the surplus, if any, to such Grantor. To the extent permitted by
applicable law, (i) such Grantor waives all claims, damages and demands it may acquire against the
Note Collateral Agent or any other Secured Party arising out of the repossession, retention or sale
of the Security Collateral, other than any such claims, damages and demands that may arise from the
gross negligence or willful misconduct of any of the Note Collateral Agent or such other Secured
Party (in each case as determined in a final non-appealable decision issued by a court of competent
jurisdiction) and (ii) if any notice of a proposed sale or other disposition of Security Collateral
shall be required by law, such notice shall be deemed reasonable and proper if given at least 10
days before such sale or other disposition.

          Section 5.7. Registration Rights.

          (a) If the Note Collateral Agent shall determine to exercise its right to sell any or all of
the Pledged Stock pursuant to subsection 5.6, and if in the reasonable opinion of the Note
Collateral Agent it is necessary or reasonably advisable to have the Pledged Stock (other than
Pledged Stock of Special Purpose Subsidiaries), or that portion thereof to be sold, registered
under the provisions of the Securities Act, the relevant Pledgor will use its reasonable best
efforts to cause the Equity Issuer thereof to (i) execute and deliver, and use its reasonable best
efforts to cause the directors and officers of such Equity Issuer to execute and deliver, all such
instruments and documents, and do or cause to be done all such other acts as may be, in the
reasonable opinion of the Note Collateral Agent, necessary or advisable to register such Pledged
Stock, or that portion thereof to be sold, under the provisions of the Securities Act, (ii) use its
reasonable best efforts to cause the registration statement relating thereto to become effective
and to remain effective for a period of not more than one year from the date of the first public
offering of such Pledged Stock, or that portion thereof to be sold and (iii) make all amendments
thereto and/or to the related prospectus which, in the reasonable opinion of the Note Collateral
Agent, are neces-

25

 

sary or advisable, all in conformity with the requirements of the Securities Act
and the rules and regulations of the Securities and Exchange Commission applicable thereto. Such
Pledgor agrees to use its reasonable best efforts to cause such Equity Issuer to comply with the
provisions of the securities or “Blue Sky” laws of any and all states and the District of Columbia
that the Note Collateral Agent shall reasonably designate and to make available to its security
holders, as soon as practicable, an earnings statement (which need not be audited) that will
satisfy the provisions of Section 11(a) of the Securities Act.

          (b) Such Pledgor recognizes that the Note Collateral Agent may be unable to effect a public
sale of any or all such Pledged Stock, by reason of certain prohibitions contained in the
Securities Act and applicable state securities laws or otherwise, and may be compelled to resort to
one or more private sales thereof to a restricted group of purchasers which will be obliged to
agree, among other things, to acquire such securities for their own account for investment and not
with a view to the distribution or resale thereof. Such Pledgor acknowledges and agrees that any
such private sale may result in prices and other terms less favorable than if such sale were a
public sale and, notwithstanding such circumstances, to the extent permitted by applicable law,
agrees that any such private sale shall be deemed to have been made in a commercially reasonable
manner. The Note Collateral Agent shall not be under any obligation to delay a sale of any of the
Pledged Stock for the period of time necessary to permit the Equity Issuer thereof to register such
securities for public sale under the Securities Act, or under applicable state securities laws,
even if such Equity Issuer would agree to do so.

          (c) Such Pledgor agrees to use its reasonable best efforts to do or cause to be done all such
other acts as may be necessary to make such sale or sales of all or any portion of such Pledged
Stock pursuant to this subsection 5.7 valid and binding and in compliance with any and all other
applicable Requirements of Law. Such Pledgor further agrees that a breach of any of the covenants
contained in this subsection 5.7 will cause irreparable injury to the Note Collateral Agent and the
Secured Parties, that the Note Collateral Agent and the Secured Parties have no adequate remedy at
law in respect of such breach and, as a consequence, that each and every covenant contained in this
subsection 5.7 shall be specifically enforceable against such Pledgor, and to the extent permitted
by applicable law, such Pledgor hereby waives and agrees not to assert any defenses against an
action for specific performance of such covenants except for a defense that no Event of Default has
occurred or is continuing under the Indenture.

          Section 5.8. Waiver; Deficiency. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other
disposition of the Security Collateral are insufficient to pay in full, the Notes and, to the
extent then due and owing, all other Obligations of such Grantor and the reasonable fees and
disbursements of any attorneys employed by the Note Collateral Agent or any other Secured Party to
collect such deficiency.

ARTICLE VI

The Note Collateral Agent

          Section 6.1. Note Collateral Agent’s Appointment as Attorney-in-Fact, etc.

26

 

          (a) Each Grantor hereby irrevocably constitutes and appoints the Note Collateral Agent and any
authorized officer or agent thereof, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor
and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of
this Agreement, to take any and all appropriate action and to execute any and all documents and
instruments that may be reasonably necessary or desirable to accomplish the purposes of this
Agreement to the extent permitted by applicable law, provided that the Note Collateral
Agent agrees not to exercise such power except upon the occurrence and during the continuance of
any Event of Default. Without limiting the generality of the foregoing, at any time when an Event
of Default has occurred and is continuing (in each case to the extent permitted by applicable law),
(x) each Pledgor hereby gives the Note Collateral Agent the power and right, on behalf of such
Pledgor, without notice or assent by such Pledgor, to execute, in connection with any sale provided
for in subsection 5.6 or 5.7, any endorsements, assessments or other instruments of conveyance or
transfer with respect to such Pledgor’s Pledged Collateral and (y) each Grantor hereby gives the
Note Collateral Agent the power and right, on behalf of such Grantor, without notice to or assent
by such Grantor, to do any or all of the following:

     (i) in the name of such Grantor or its own name, or otherwise, take possession of and
indorse and collect any checks, drafts, notes, acceptances or other instruments for the
payment of moneys due under any Account Receivable of such Grantor that constitutes
Collateral or with respect to any other Collateral of such Grantor and file any claim or
take any other action or institute any proceeding in any court of law or equity or otherwise
deemed appropriate by the Note Collateral Agent for the purpose of collecting any and all
such moneys due under any Account Receivable of such Grantor that constitutes Collateral or
with respect to any other Collateral of such Grantor whenever payable;

     (ii) in the case of any Copyright, Patent or Trademark constituting Collateral of such
Grantor, execute and deliver any and all agreements, instruments, documents and papers as
the Note Collateral Agent may reasonably request to such Grantor to evidence the Note
Collateral Agent’s and the Secured Parties’ security interest in such Copyright, Patent, or
Trademark and the goodwill and general intangibles of such Grantor relating thereto or
represented thereby;

     (iii) pay or discharge taxes and Liens, other than Liens permitted under this Agreement
or the other Note Documents, levied or placed on the Collateral of such Grantor, effect any
repairs or any insurance called for by the terms of this Agreement and pay all or any part
of the premiums therefor and the costs thereof; and

     (iv) (A) direct any party liable for any payment under any of the Collateral of such
Grantor to make payment of any and all moneys due or to become due thereunder directly to
the Note Collateral Agent or as the Note Collateral Agent shall direct; (B) ask or demand
for, collect, receive payment of and receipt for, any and all moneys, claims and other
amounts due or to become due at any time in respect of or arising out of any Collateral of
such Grantor; (C) sign and indorse any invoices, freight or express bills, bills of lading,
storage or warehouse receipts, drafts against debtors, assignments, verifications, notices
and other documents in connection with any of the Collateral of such Grantor; (D) commence and prosecute any suits, actions or proceedings at law or in
eq-

27

 

uity in any court of competent jurisdiction to collect the Collateral of such Grantor or
any portion thereof and to enforce any other right in respect of any Collateral of such
Grantor; (E) defend any suit, action or proceeding brought against such Grantor with respect
to any Collateral of such Grantor; (F) settle, compromise or adjust any such suit, action or
proceeding described in clause (E) above and, in connection therewith, to give such
discharges or releases as the Note Collateral Agent may deem appropriate; (G) subject to any
existing reserved rights or licenses, assign any Copyright, Patent or Trademark constituting
Collateral of such Grantor (along with the goodwill of the business to which any such
Copyright, Patent or Trademark pertains), for such term or terms, on such conditions, and in
such manner, as the Note Collateral Agent shall in its sole discretion determine; and (H)
generally, sell, transfer, pledge and make any agreement with respect to or otherwise deal
with any of the Collateral of such Grantor as fully and completely as though the Note
Collateral Agent were the absolute owner thereof for all purposes, and do, at the Note
Collateral Agent’s option and such Grantor’s expense, at any time, or from time to time, all
acts and things which the Note Collateral Agent deems necessary to protect, preserve or
realize upon the Collateral of such Grantor and the Note Collateral Agent’s and the other
Secured Parties’ security interests therein and to effect the intent of this Agreement, all
as fully and effectively as such Grantor might do.

          (b) The reasonable expenses of the Note Collateral Agent incurred in connection with actions
undertaken as provided in this subsection 6.1, together with interest thereon at a rate per annum
equal to the rate per annum at which interest would then be payable on the Notes under the
Indenture, from the date of payment by the Note Collateral Agent to the date reimbursed by the
relevant Grantor, shall be payable by such Grantor to the Note Collateral Agent on demand.

          (c) Each Grantor hereby ratifies all that said attorney shall lawfully do or cause to be done
by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled
with an interest and are irrevocable as to the relevant Grantor until this Agreement is terminated
as to such Grantor, and the security interests in the Security Collateral of such Grantor created
hereby are released.

          Section 6.2. Duty of Note Collateral Agent. The Note Collateral Agent’s sole duty
with respect to the custody, safekeeping and physical preservation of the Security Collateral in
its possession, under Section 9-207 of the Code or otherwise, shall be to deal with it in the same
manner as the Note Collateral Agent deals with similar property for its own account. None of the
Note Collateral Agent or any other Secured Party nor any of their respective officers, directors,
employees or agents shall be liable for failure to demand, collect or realize upon any of the
Security Collateral or for any delay in doing so or shall be under any obligation to sell or
otherwise dispose of any Security Collateral upon the request of any Grantor or any other Person
or, except as otherwise provided herein, to take any other action whatsoever with regard to the
Security Collateral or any part thereof. The powers conferred on the Note Collateral Agent and the
other Secured Parties hereunder are solely to protect the Note Collateral Agent’s and the other
Secured Parties’ interests in the
Security Collateral and shall not impose any duty upon the Note Collateral Agent or any other
Secured Party to exercise any such powers. The Note Collateral Agent and the other Secured Parties
shall be accountable only for amounts that they actually receive as a result of the exercise of
such powers, and neither they nor any of their officers, direc-

28

 

tors, employees or agents shall be
responsible to any Grantor for any act or failure to act hereunder, except as otherwise provided
herein or for their own gross negligence or willful misconduct (as determined in a final
non-appealable decision issued by a court of competent jurisdiction).

          Section 6.3. Financing Statements. Pursuant to any applicable law, each Grantor
authorizes the Note Collateral Agent to file or record financing statements and other filing or
recording documents or instruments with respect to such Grantor’s Security Collateral without the
signature of such Grantor in such form and in such filing offices as the Note Collateral Agent
reasonably determines appropriate to perfect the security interests of the Note Collateral Agent
under this Agreement. Each Grantor authorizes the Note Collateral Agent to use any collateral
description determined by the Note Collateral Agent, including, without limitation, the collateral
description “all personal property” or “all assets” or words of similar effect in any such
financing statements.

          Section 6.4. Authority of Note Collateral Agent. Each Grantor acknowledges that the
rights and responsibilities of the Note Collateral Agent under this Agreement with respect to any
action taken by the Note Collateral Agent or the exercise or non-exercise by the Note Collateral
Agent of any option, voting right, request, judgment or other right or remedy provided for herein
or resulting or arising out of this Agreement or any amendment, supplement or other modification of
this Agreement shall, as between the Note Collateral Agent and the Secured Parties, be governed by
the Indenture and by such other agreements with respect thereto as may exist from time to time
among them, but, as between the Note Collateral Agent and the Grantors, the Note Collateral Agent
shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid
authority so to act or refrain from acting, and no Grantor shall be under any obligation, or
entitlement, to make any inquiry respecting such authority.

ARTICLE VII

Miscellaneous

          Section 7.1. Amendments in Writing. None of the terms or provisions of this Agreement
may be waived, amended, supplemented or otherwise modified except by a written instrument executed
by each affected Grantor and the Note Collateral Agent, subject to Article IX of the Indenture.

          Section 7.2. Notices. All notices, requests and demands to or upon the Note
Collateral Agent or any Grantor hereunder shall be effected in the manner provided for in Section
109 of the Indenture; provided that any such notice, request or demand to or upon any
Grantor shall be addressed to
such Grantor at its notice address set forth on Schedule 1, unless and until such
Grantor shall change such address by notice to the Note Collateral Agent given in accordance with
Section 109 of the Indenture.

          Section 7.3. No Waiver by Course of Conduct; Cumulative Remedies. None of the Note
Collateral Agent or any other Secured Party shall by any act (except by a written instrument
pursuant to subsection 7.1), delay, indulgence, omission or otherwise be deemed to have waived any
right or remedy hereunder or to have acquiesced in any Default or Event of De-

29

 

fault. No failure to
exercise, nor any delay in exercising, on the part of the Note Collateral Agent or any other
Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No
single or partial exercise of any right, power or privilege hereunder shall preclude any other or
further exercise thereof or the exercise of any other right, power or privilege. A waiver by the
Note Collateral Agent or any other Secured Party of any right or remedy hereunder on any one
occasion shall not be construed as a bar to any right or remedy which the Note Collateral Agent or
such other Secured Party would otherwise have on any future occasion. The rights and remedies
herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of
any other rights or remedies provided by law.

          Section 7.4. Enforcement Expenses; Indemnification.

          (a) Each Grantor jointly and severally agrees to pay or reimburse each Secured Party and the
Note Collateral Agent for all their respective reasonable costs and expenses incurred in collecting
against or otherwise enforcing or preserving any rights under this Agreement against such Grantor
and the other Note Documents to which such Grantor is a party, including, without limitation, the
reasonable fees and disbursements of counsel to the Secured Parties and the Note Collateral Agent.

          (b) Each Grantor jointly and severally agrees to pay, and to save the Note Collateral Agent
and the other Secured Parties harmless from, (x) any and all liabilities with respect to, or
resulting from any delay in paying, any and all stamp, excise, sales or other similar taxes which
may be payable or determined to be payable with respect to any of the Security Collateral or in
connection with any of the transactions contemplated by this Agreement and (y) any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Agreement (collectively, the “indemnified
liabilities”), and in any event excluding any taxes or other indemnified liabilities arising
from gross negligence or willful misconduct of the Note Collateral Agent or any other Secured Party
(as determined in a final non-appealable decision by a court of competent jurisdiction).

          (c) The agreements in this subsection 7.4 shall survive repayment of the Obligations and all
other amounts payable under the Indenture and the other Note Documents.

          Section 7.5. Successors and Assigns. This Agreement shall be binding upon and shall
inure to the benefit of the Grantors, the Note Collateral Agent and the Secured Parties and their
respective successors and
assigns; provided that no Grantor may assign, transfer or delegate any of its rights
or obligations under this Agreement without the prior written consent of the Note Collateral Agent,
except as permitted by the Indenture (including pursuant to any transaction permitted by Section
411 or Section 501 of the Indenture).

          Section 7.6. Counterparts. This Agreement may be executed by one or more of the
parties to this Agreement on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument.

          Section 7.7. Severability. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of

30

 

such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction; provided that, with respect to any
Pledged Stock issued by a Foreign Subsidiary, all rights, powers and remedies provided in this
Agreement may be exercised only to the extent that they do not violate any provision of any law,
rule or regulation of any Governmental Authority applicable to any such Pledged Stock or affecting
the legality, validity or enforceability of any of the provisions of this Agreement against the
Pledgor (such laws, rules or regulations, “Applicable Law”) and are intended to be limited
to the extent necessary so that they will not render this Agreement invalid, unenforceable or not
entitled to be recorded, registered or filed under the provisions of any Applicable Law.

          Section 7.8. Section Headings. The Section headings used in this Agreement are for
convenience of reference only and are not to affect the construction hereof or be taken into
consideration in the interpretation hereof.

          Section 7.9. Integration. This Agreement and the other Note Documents represent the
entire agreement of the Grantors, the Note Collateral Agent and the other Secured Parties with
respect to the subject matter hereof, and there are no promises, undertakings, representations or
warranties by the Grantors, the Note Collateral Agent or any other Secured Party relative to
subject matter hereof not expressly set forth or referred to herein or in the other Note Documents.

          Section 7.10. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK.

          Section 7.11. Submission to Jurisdiction; Waivers. Each party hereto hereby
irrevocably and unconditionally:

     (a) submits for itself and its property in any legal action or proceeding relating to
this Agreement and the other Note Documents to which it is a party, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of
the courts of the State of New York, the courts of the United States of America located in
the county of New York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to such party at its address referred to in subsection 7.2 or at
such other address of which the Note Collateral Agent (in the case of any other party
hereto) or the Company (in the case of the Note Collateral Agent) shall have been notified
pursuant thereto;

31

 

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any consequential
or punitive damages.

          Section 7.12.
Acknowledgments. Each Grantor hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Note Documents to which it is a party;

     (b) none of the Note Collateral Agent or any other Secured Party has any fiduciary
relationship with or duty to any Grantor arising out of or in connection with this Agreement
or any of the other Note Documents, and the relationship between the Grantors, on the one
hand, and the Note Collateral Agent and the other Secured Parties, on the other hand, in
connection herewith or therewith is solely that of creditor and debtor; and

     (c) no joint venture is created hereby or by the other Note Documents or otherwise
exists by virtue of the transactions contemplated hereby and thereby among the Secured
Parties or among the Grantors and the Secured Parties.

          Section 7.13.
WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

          Section 7.14.
Additional Grantors. Each new Subsidiary of the Company that is
required to become a party to this Agreement pursuant to Section 414 of the Indenture shall become
a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an
Assumption Agreement in the form of Annex 2 hereto.

          Section 7.15. Releases. The security interest granted by the Agreement shall be
released, without any further action of any Person, upon the occurrence of any of the circumstances
set forth in Section 1402 of the Indenture, and the Note Collateral Agent shall, upon receipt from
the Grantor of a written request therefor, identifying the relevant Collateral or Grantor subject
to release and stating that such transaction and such release is in compliance with the Indenture
and the other Note Documents, execute and deliver to the relevant Grantor (at the sole cost and
expense of such Grantor and without representation or warranty of any kind) all releases or other
documents (including without limitation UCC termination statements) necessary or reasonably
desirable to evidence or effect the release of the Liens created by the Note Security Documents on
such Collateral or any Guarantee with respect to such Grantor, as applicable, as such Grantor may
reasonably request.

          Section 7.16. Patriot Act Notice. The Note Collateral Agent hereby notifies the
Issuer and each Grantor pursuant to the requirements of the Patriot Act, it is required to obtain,
verify and record information that identifies the Issuer and the Grantors, which information
in-

32

 

cludes the names and addresses of the Issuer and the Grantors and other information that will
allow the Trustee to identify the Issuer and the Grantors in accordance with the Patriot Act.

[Remainder of page left blank intentionally; signature page to follow.]

33

 

          IN WITNESS WHEREOF, the undersigned has caused this Collateral Agreement to be duly executed
and delivered as of the date first written above.

	 	 	 	 	 
	 	RSC HOLDINGS III, LLC

RSC Holdings II, LLC
its manager and sole member

 	 
	 	By:  	/s/ Kevin
Groman	 
	 	 	Title:      Senior Vice President,
General Counsel
          and Corporate Secretary	 
	 	 	 	 
	 
	 	RSC EQUIPMENT RENTAL, INC.

 	 
	 	By:  	/s/ Kevin
Groman	 
	 	 	Title:      Senior Vice President,
General Counsel
          and Corporate Secretary	 
	 	 	 	 
	 

 

 

Acknowledged and Agreed to as

of the date hereof by:

	 	 	 	 	 
	DEUTSCHE BANK AG, NEW YORK BRANCH,

as Note Collateral Agent

 	 	 
	By:  	/s/ Richard
L. Buckwalter	 	 
	 	Title: Director	 	 
	 	 	 	 
	 
	 	 	 
	By  	/s/ William
Marder	 	 
	 	Title: Director	 	 
	 	 	 	 

 

 

	 	 	 	 	 

SCHEDULES

See Attached.

Annex 1-1

 

ANNEX 1

to

Collateral Agreement

ACKNOWLEDGEMENT AND CONSENT1

          The undersigned hereby acknowledges receipt of a copy of the Collateral Agreement, dated as of
July 1, 2009 (the “Agreement”), made by the Grantors thereto for the benefit of Deutsche
Bank AG, New York Branch, as Note Collateral Agent. The undersigned agrees for the benefit of the
Note Collateral Agent and the Secured Parties as follows:

          The undersigned will be bound by the terms of the Agreement and will comply with such terms
insofar as such terms are applicable to the undersigned.

          The undersigned will notify the Note Collateral Agent promptly in writing of the occurrence of
any of the events described in subsection 4.2.1 of the Agreement.

          The terms of subsections 5.3(c) and 5.7 of the Agreement shall apply to it, mutatis
mutandis, with respect to all actions that may be required of it pursuant to subsection
5.3(c) or 5.7 of the Agreement.

	 	 	 	 	 
	 	[NAME OF ISSUER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Address for Notices:

 	 
	 	 	 
	 	 	 
	 	 	 
	 
	 	Fax:
 	 

 

			
	1	 	This consent is necessary only with respect to any
Issuer which is not also a Grantor.

Annex 1-1

 

ANNEX 2 

to

Collateral Agreement

ASSUMPTION AGREEMENT

          ASSUMPTION AGREEMENT, dated as of                      ___, ___, made by                           
              , a
                     corporation (the “Additional Grantor”), in favor of Deutsche Bank AG, New York
Branch, as collateral agent (in such capacity, the “Note Collateral Agent”) for the Secured
Parties (as defined below). All capitalized terms not defined herein shall have the meaning
ascribed to them in such the Collateral Agreement referred to below, or if not defined therein, in
the Indenture.

WITNESSETH:

          WHEREAS RSC HOLDINGS III, LLC (the “Company”), RENTAL SERVICE CORPORATION
(“RSC”), the other Grantors party thereto, Deutsche Bank Deutsche Bank AG, New York Branch,
as collateral agent and the other parties party thereto are parties to an Indenture, dated as of
July 1, 2009 (as amended, supplemented, waived or otherwise modified from time to time, the
“Indenture”);

          WHEREAS, in connection with the Indenture, the Company and RSC are parties to the Collateral
Agreement, dated as of July 1, 2009 (as amended, supplemented, waived or otherwise modified from
time to time, the “Collateral Agreement”), in favor of the Note Collateral Agent, for the
benefit of the Secured Parties (as defined in the Collateral Agreement);

          WHEREAS the Additional Grantor is a member of an affiliated group of companies that includes
the Company and each other Grantor; and the Issuers and the other Grantors (including the
Additional Grantor) are engaged in related businesses, and each such Grantor (including the
Additional Grantor) will derive substantial direct and indirect benefit from the execution,
delivery and performance of the obligations under the Indenture and the Notes;

          WHEREAS the Indenture requires the Additional Grantor to become a party to the Collateral
Agreement; and

          WHEREAS the Additional Grantor has agreed to execute and deliver this Assumption Agreement in
order to become a party to the Collateral Agreement;

          NOW, THEREFORE, IT IS AGREED:

          1. Collateral Agreement. By executing and delivering this Assumption Agreement, the
Additional Grantor, as provided in subsection 7.14 of the Collateral Agreement, hereby becomes a
party to the Collateral Agreement as a Grantor thereunder with the same force and effect as if
originally named therein as a Grantor and Pledgor and, without limiting the generality of the
foregoing, hereby expressly assumes all obligations and liabilities of a Grantor and Pledgor
thereunder and hereby grants to the Note Collateral Agent for the benefit of the Secured Parties a
security interest in all Security Collateral of such Additional Grantor to secure the Obli-

Annex 2-1

 

gations. The information set forth in Annex 1-A hereto is hereby added to the
information set forth in Schedules  to the Collateral Agreement, and
such Schedules are hereby amended and modified to include such information. The Additional Grantor
hereby represents and warrants that each of the representations and warranties of such Additional
Grantor, in its capacities as a Grantor and Pledgor, contained in Article 3 of the
Collateral Agreement is true and correct in all material respects on and as the date hereof (after
giving effect to this Assumption Agreement) as if made on and as of such date.

          2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HEREUNDER AND ANY CLAIM OR CONTROVERSY RELATING HERETO SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

Annex 2-2

 

          IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed
and delivered as of the date first above written.

	 	 	 	 	 
	 	[ADDITIONAL GRANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Acknowledged and Agreed to as

of the date hereof by:

	 	 	 	 	 
	DEUTSCHE BANK AG, NEW YORK BRANCH

as Note Collateral Agent

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

Annex 2-3

 

	 	 	 	 	 

ANNEX 1-A

to

Assumption Agreement

Supplement to

Collateral Agreement

Schedule 1

Supplement to

Collateral Agreement

Schedule 2

Supplement to

Collateral Agreement

Schedule 3

Supplement to

Collateral Agreement

Schedule 4

Supplement to

Collateral Agreement

Schedule 5

Supplement to

Collateral Agreement

Schedule 6

Supplement to

Collateral Agreement

Schedule 7

Supplement to

Collateral Agreement

Annex 1A-1exv10w1

Exhibit 10.1

EXECUTION
COPY

FIRST AMENDMENT TO CREDIT AGREEMENT

          FIRST AMENDMENT TO CREDIT AGREEMENT (this “First Amendment”),
dated as of June 26, 2009, among RSC HOLDINGS II, LLC, a Delaware limited liability company (“Holdings”), RSC
HOLDINGS III, LLC, a Delaware limited liability company (the “Parent Borrower”), RSC
EQUIPMENT RENTAL, INC., an Arizona corporation (“RSC”), RSC EQUIPMENT RENTAL OF CANADA
LTD., a corporation incorporated and existing under the laws of the Province of Alberta (“RSC
Canada”, and together with the Parent Borrower, RSC and any other entity that becomes a
Borrower from time to time pursuant to the Credit Agreement referred to below, the
“Borrowers”), the Lenders (as defined below) party hereto, DEUTSCHE BANK AG, NEW YORK
BRANCH, as U.S. administrative agent (in such capacity, the “U.S. Administrative Agent”)
and DEUTSCHE BANK AG, CANADA BRANCH, as Canadian administrative agent (in such capacity, the
“Canadian Administrative Agent”). All capitalized terms used herein and not otherwise
defined herein shall have the respective meanings provided such terms in the Credit Agreement (as
defined below).

WITNESSETH:

          WHEREAS, Holdings, the Borrowers, the several banks and other financial institutions from time
to time party thereto (the “Lenders”), the U.S. Administrative Agent and the Canadian
Administrative Agent are parties to a Credit Agreement, dated as of November 27, 2006 (the
“Credit Agreement”);

          WHEREAS, Holdings and the Borrowers wish to amend and/or modify certain provisions of the
Credit Agreement in order to permit the co-issuance of First Lien Last Out Notes (as defined in
Part I, Section 1 of this First Amendment) by the Parent Borrower and RSC in an aggregate principal
amount of up to $700,000,000, the Net Cash Proceeds of which would be applied to refinance
outstanding indebtedness under the Credit Agreement;

          WHEREAS, the holders of the First Lien Last Out Notes shall be secured by a Lien on certain of
the Collateral pursuant to the First Lien Last Out Security Documents (as defined in Part I,
Section 1 of this First Amendment), which Lien shall rank junior to the Lien on the Collateral
pursuant to the Security Documents; and

          WHEREAS, subject to the terms and conditions of this First Amendment, the parties hereto agree
to amend certain provisions of the Credit Agreement, and enter into certain agreements with respect
to the Credit Agreement, in each case as provided herein.

          NOW, THEREFORE, it is agreed:

			
	I.	 	Amendments to Credit Agreement.

     1. Subsection 1.01 of the Credit Agreement is hereby amended by inserting the
following new definitions in the appropriate alphabetical order:

 

 

     “First Lien Intercreditor Agreement”: shall mean the Intercreditor Agreement
executed by Holdings, Parent Borrower, RSC, each other U.S. Loan Party from time to time
party thereto, the U.S. Collateral Agent and the collateral agent under any First Lien Last
Out Note Indenture, substantially in the form of Exhibit N, as the same may have been
amended, supplemented, waived or otherwise modified from time to time in accordance with the
terms hereof and thereof.

     “First Lien Last Out Note Indenture”: each indenture governing the First Lien
Last Out Notes, among the Parent Borrower and RSC, as co-issuers, the guarantors from time
to time party thereto and the trustee thereunder, as the same may be amended, supplemented,
waived or otherwise modified from time to time in accordance the terms thereof and with
subsection 8.13.

     “First Lien Last Out Note Documents”: each First Lien Last Out Note Indenture,
the First Lien Last Out Notes, the First Lien Last Out Security Documents and each other
document or agreement relating to the issuance of the First Lien Last Out Notes, as the same
may be amended, supplemented, waived or otherwise modified from time to time in accordance
with the terms thereof and subsection 8.13.

     “First Lien Last Out Notes”: senior secured notes of the Parent Borrower and
RSC issued pursuant to any First Lien Last Out Note Indenture, as the same may be exchanged
for substantially similar senior secured notes that have been registered under the
Securities Act or that otherwise do not contain a restrictive legend, and as the same or
such substantially similar notes may be amended, supplemented, waived or otherwise modified
from time to time in accordance with the terms thereof and subsection 8.13.

     “First Lien Last Out Security Documents”: the collective reference to each
security agreement, pledge agreement, mortgage, deed of trust, collateral agreement,
instrument or other document granting or perfecting a Lien on any asset or assets of any
Person to secure the obligations and liabilities of the U.S. Loan Parties under the First
Lien Last Out Note Documents.

     2. The definition of “Change of Control” appearing in subsection 1.01 of the Credit
Agreement is hereby amended by deleting the text “and” appearing in clause (f) of said definition
and inserting the text “, the First Lien Last Out Note Documents or” in lieu thereof.

     3. The definition of “Loan Documents” appearing in subsection 1.01 of the Credit
Agreement is hereby amended by inserting the text “, the First Lien Intercreditor Agreement”
immediately after the text “the Intercreditor Agreement” appearing in said definition.

     4. The definition of “Reinvested Amount” appearing in subsection 1.01 of the Credit
Agreement is hereby amended by inserting the text “and the First Lien Intercreditor Agreement,”
immediately after the text “Intercreditor Agreement” appearing in such definition.

     5. Subsection 4.4(b) of the Credit Agreement is hereby amended by (i) inserting the
text “(other than with respect to any prepayment of Loans required pursuant to subsection 8.2(s) in
connection with an issuance of First Lien Last Out Notes, in which case such dollar threshold shall
not apply)” immediately following the first instance of the text “in each case” appearing in

-2-

 

such subsection and (ii) deleting the text “, in each case with such prepayment to be made on the
Business Day following” appearing in such subsection and inserting the text “(provided that
with respect to any prepayment of Loans required pursuant to subsection 8.2(s) in connection with
an issuance of First Lien Last Out Notes, the required amount of such prepayment shall be
determined without giving effect to preceding clause (B)), in each case with such prepayment to be
made no later than the Business Day following” in lieu thereof. 

     6. Subsection 4.4(f) of the Credit Agreement is hereby amended by deleting the text
“the RCF Commitments shall not be correspondingly reduced” appearing in such subsection and
inserting the text “except as otherwise provided for in subsection 8.2(s) no RCF Commitments shall
be correspondingly reduced” in lieu thereof.

     7. Subsection 4.16(h) of the Credit Agreement is hereby amended by deleting the text
“and the Intercreditor Agreement” appearing in such subsection and inserting text “, the
Intercreditor Agreement and the First Lien Intercreditor Agreement” in lieu thereof.

     8. Subsection 4.16(j) of the Credit Agreement is hereby amended by inserting the text
“and the First Lien Intercreditor Agreement” immediately after the text “Intercreditor Agreement”
appearing in such subsection.

     9. Subsection 8.2 of the Credit Agreement is hereby amended by (i) deleting the word
“and” appearing at the end of clause (q) of such subsection, (ii) deleting the period appearing at
the end of clause (r) of such subsection and inserting the text “; and” in lieu thereof and (iii)
inserting the following new clause (s) immediately following clause (r) appearing in such
subsection:

     “(s) Indebtedness evidenced by the First Lien Last Out Notes; provided that (i)
no Default or Event of Default shall exist at the time of, or after giving effect to, the
issuance thereof, (ii) the terms and conditions of the First Lien Last Out Note Documents
shall be reasonably satisfactory to the U.S. Administrative Agent (it being understood that
the provisions of the First Lien Last Out Note Documents that are substantially similar to
the corresponding provisions of the Senior Note Documents shall be reasonably satisfactory
to the U.S. Administrative Agent); provided that in no event shall the final
maturity date for the First Lien Last Out Notes be earlier than June 1, 2014, (iii) the
aggregate principal amount of Indebtedness evidenced by the First Lien Last Out Notes at any
time outstanding pursuant to this clause (s) shall not exceed $700,000,000 less any
repayments of principal of such Indebtedness theretofore outstanding pursuant to this clause
(s), (iv) 100% of the Net Cash Proceeds received by any of the Borrowers from the issuance
of the First Lien Last Out Notes shall be applied to prepay Loans in accordance with
subsections 4.4(b) and 4.4(e), (v) at the time of any issuance of First Lien Last Out Notes,
the RCF Commitments are reduced in an amount equal to the face amount of such issuance of
First Lien Last Out Notes less, in the case of the first issuance of First Lien Last
Out Notes, the amount of Net Cash Proceeds from such issuance applied to prepay
Term Loans, (vi) the Available RCF Commitments are $250,000,000 or more at the time of
first issuance of the First Lien Last Out Notes and (vii) the U.S. Administrative Agent
shall have received (a) an officer’s certificate executed by a Responsible Officer of the
U.S. Borrowers certifying that the issuance of the First Lien Last Out Notes does not

-3-

 

violate any Second-Lien Term Loan Document and (b) an opinion from the Credit Agreement
Parties’ New York counsel addressed to each Agent and each of the Lenders in form and
substance reasonably satisfactory to the U.S. Administrative Agent opining that the issuance
of the First Lien Last Out Notes does not violate any Second-Lien Term Loan Document.”

     10. Subsection 8.3(q) of the Credit Agreement is hereby amended by deleting the text
“Secured Obligations” referred to in said subsection and inserting the text
“Obligations” in lieu thereof.

     11. Subsection 8.3 of the Credit Agreement is hereby amended by (i) deleting the word
“and” appearing at the end of clause (t) of such subsection, (ii) deleting the period appearing at
the end of clause (u) of such subsection and inserting the text “; and” in lieu thereof and (iii)
inserting the following new clause (v) immediately following clause (u) appearing in such
subsection:

     “(v) Liens securing or consisting of Indebtedness permitted by subsection 8.2(s) and
any refinancing, extensions and replacements thereof otherwise permitted under this
Agreement; provided that (1) such Liens do not apply to any asset other than
Collateral that is subject to a Lien granted under a U.S. Security Document to secure the
“Obligations” as defined in the U.S. Guarantee and Collateral Agreement, (2) the
First Lien Last Out Notes shall not be secured by any assets of the Canadian Loan Parties
and (3) all such Liens shall be subject to the terms and provisions of the First Lien
Intercreditor Agreement or another intercreditor agreement that is no less favorable to the
Secured Parties than the First Lien Intercreditor Agreement.”

     12. Subsection 8.13(a) of the Credit Agreement is hereby amended by inserting the text
”, First Lien Last Out Notes” immediately after the text “Second-Lien Term Loans” appearing in such
subsection.

     13. Subsection 8.13(b) of the Credit Agreement is hereby amended by inserting the text
“the First Lien Last Out Notes or” immediately prior to the text “the Senior Notes” appearing in
such subsection.

     14. Subsection 8.13 of the Credit Agreement is hereby amended by inserting the
following new clause (h) immediately following clause (g) appearing in such subsection:

     “(h) Amend, supplement, waive or otherwise modify any of the provisions of any First
Lien Last Out Note Document (including pursuant to an extension, renewal, replacement or
refinancing thereof), except as permitted by the First Lien Intercreditor Agreement.”

     15. The Borrowers and the Lenders hereby agree that on each date the Borrowers receive Net
Cash Proceeds from the issuance of any First Lien Last Out Notes, the RCF
Commitments shall be reduced in an amount equal to the face amount of such First Lien Last Out
Notes less, in the case of the first issuance of First Lien Last Out Notes, the amount of
Net Cash Proceeds from such issuance applied to prepay Term Loans. Such commitment reduction

-4-

 

shall be applied to reduce the RCF Commitments in accordance with the provisions of the Credit Agreement.

     16. Subsection 10.9 of the Credit Agreement is hereby amended by inserting the text “,
the First Lien Intercreditor Agreement” immediately before (i) the text “and the Intercreditor
Agreement” appearing in the first sentence of clause (a) of such subsection and (ii) the text “or
the Intercreditor Agreement” appearing in clause (a) of such subsection.

     17. Section 11 of the Credit Agreement is hereby amended by inserting the following
new subsection 11.23 in the appropriate sequence:

          “11.23 FIRST LIEN INTERCREDITOR AGREEMENT. EACH LENDER PARTY HERETO UNDERSTANDS,
ACKNOWLEDGES AND AGREES THAT IT IS THE INTENTION OF THE PARTIES HERETO THAT THE OBLIGATIONS ARE
INTENDED TO CONSTITUTE A DISTINCT AND SEPARATE CLASS FROM THE FIRST LIEN LAST OUT OBLIGATIONS (AS
DEFINED IN THE FIRST LIEN INTERCREDITOR AGREEMENT). EACH LENDER FURTHER UNDERSTANDS, ACKNOWLEDGES
AND AGREES THAT THE PROVISIONS SETTING FORTH THE PRIORITIES AS BETWEEN THE HOLDERS OF FIRST LIEN
LAST OUT OBLIGATIONS ON THE ONE HAND, AND THE HOLDERS OF OBLIGATIONS HEREUNDER, ON THE OTHER HAND,
ARE SET FORTH IN THE FIRST LIEN INTERCREDITOR AGREEMENT.

          (a) EACH LENDER AUTHORIZES AND INSTRUCTS THE U.S. COLLATERAL AGENT TO ENTER INTO THE FIRST
LIEN INTERCREDITOR AGREEMENT ON BEHALF OF THE LENDERS, AND TO TAKE ALL ACTIONS (AND EXECUTE ALL
DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT IN ACCORDANCE WITH THE TERMS OF THE FIRST LIEN
INTERCREDITOR AGREEMENT.

          (b) THE PROVISIONS OF THIS SUBSECTION 11.23 ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT
PROVISIONS OF THE FIRST LIEN INTERCREDITOR AGREEMENT. REFERENCE MUST BE MADE TO THE FIRST LIEN
INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL TERMS AND CONDITIONS THEREOF. EACH LENDER IS
RESPONSIBLE FOR MAKING ITS OWN ANALYSIS AND REVIEW OF THE FIRST LIEN INTERCREDITOR AGREEMENT AND
THE TERMS AND PROVISIONS THEREOF, AND NEITHER THE U.S. ADMINISTRATIVE AGENT NOR THE U.S. COLLATERAL
AGENT OR ANY OF THEIR RESPECTIVE AFFILIATES MAKES ANY REPRESENTATION TO ANY LENDER AS TO THE
SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN THE FIRST LIEN INTERCREDITOR AGREEMENT.
EACH LENDER IS FURTHER AWARE THAT THE U.S. COLLATERAL AGENT MAY ALSO ACT IN AN AGENCY CAPACITY
PURSUANT TO EACH FIRST LIEN LAST OUT NOTE INDENTURE, AND EACH
LENDER HEREBY IRREVOCABLY WAIVES ANY OBJECTION THERETO OR CAUSE OF ACTION ARISING THEREFROM.”

     18. The Credit Agreement is hereby further amended by adding Exhibit N to the Credit Agreement
in the form of Exhibit N attached hereto.

-5-

 

			
	II.	 	Amendment of Intercreditor Agreement.

     1. By delivery of an executed counterpart to this First Amendment, each Lender party hereto
hereby consents to and directs the execution and delivery on its behalf by the U.S. Collateral
Agent of the First Amendment to the Intercreditor Agreement, substantially in the form of Exhibit A
hereto.

			
	III.	 	Miscellaneous Provisions.

     1. In order to induce the Lenders to enter into this First Amendment, Holdings and each
Borrower hereby represent and warrant that:

     (a) no Default or Event of Default exists as of the First Amendment Effective Date (as
defined below), both immediately before and immediately after giving effect to this First
Amendment; and

     (b) all of the representations and warranties contained in the Credit Agreement and in
the other Loan Documents are true and correct in all material respects on the First
Amendment Effective Date, both immediately before and immediately after giving effect
thereto, with the same effect as though such representations and warranties had been made on
and as of the First Amendment Effective Date (unless such representation or warranty
relates to a specific date, in which case such representation or warranty shall be true and
correct in all material respects as of such specific date).

     2. This First Amendment is limited as specified and shall not constitute a modification,
acceptance or waiver of any other provision of the Credit Agreement or any other Loan Document.

     3. This First Amendment may be executed in any number of counterparts and by the different
parties hereto on separate counterparts, each of which counterparts when executed and delivered
shall be an original, but all of which shall together constitute one and the same instrument. A
complete set of counterparts shall be lodged with the Parent Borrower and the U.S. Administrative
Agent.

     4. THIS FIRST AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

     5. The First Amendment shall become effective on the date (the “First Amendment Effective
Date”) when each of the following conditions shall have been satisfied:

     (i) Holdings, each Borrower and the Lenders constituting the Required Lenders shall
have signed a counterpart hereof (whether the same or different counterparts) and shall have
delivered (including by way of pdf, facsimile or other electronic transmission) the same to
White & Case LLP, 1155 Avenue of the Americas, New York,

-6-

 

NY 10036, Attention: May Yip
(facsimile number: 212-354-8113 / email address: myip@whitecase.com);

     (ii) the Borrowers shall have paid to each Lender which executes and delivers to the
U.S. Administrative Agent (or its designee) a counterpart hereof by 10:00 A.M. (New York
City time) on June 24, 2009 (or, if later, on the First Amendment Effective Date), a
non-refundable cash fee (the “Amendment Fee”) in dollars in an amount equal to 0.15%
of the sum of (i) the aggregate principal amount of all Term Loans of such Lender
outstanding on the First Amendment Effective Date plus (ii) the RCF Commitments of
such Lender as in effect on the First Amendment Effective Date. The Amendment Fee shall not
be subject to counterclaim or set-off, or be otherwise affected by, any claim or dispute
relating to any other matter. The Amendment Fee shall be paid by the Borrowers to the U.S.
Administrative Agent for distribution to the relevant Lenders not later than the Business
Day following the First Amendment Effective Date;

     (iii) the Borrowers shall have paid to the U.S. Administrative Agent (or its applicable
affiliate) all fees, costs and expenses (including, without limitation, reasonable legal
fees and expenses) payable to the U.S. Administrative Agent (or its applicable affiliate) to
the extent then required under Section 11.5 of the Credit Agreement; and

     (iv) there shall have been delivered to the U.S. Administrative Agent copies of
resolutions of the board of directors of Holdings, the Parent Borrower, RSC and RSC Canada
approving and authorizing the execution, delivery and performance of this First Amendment
and the Loan Documents as amended by this First Amendment, certified as of the First
Amendment Effective Date by the corporate secretary or an assistant secretary of such Loan
Party as being in full force and effect without modification or amendment.

     6. From and after the First Amendment Effective Date, all references in the Credit Agreement
and each of the other Loan Documents to the Credit Agreement shall be deemed to be references to
the Credit Agreement, as modified hereby on the First Amendment Effective Date.

* * *

-7-

 

          IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this First Amendment as of the date first above written.

	 	 	 	 	 
	 	RSC HOLDINGS II, LLC

 	 
	 	By:  	/s/ Kevin J. Groman
 	 
	 	 	Name:  	Kevin J. Groman 	 
	 	 	Title:  	SVP — General Counsel 	 
	 
	 	RSC HOLDINGS III, LLC

 	 
	 	By:  	/s/ Kevin J. Groman
 	 
	 	 	Name:  	Kevin J. Groman 	 
	 	 	Title:  	SVP — General Counsel 	 
	 
	 	RSC EQUIPMENT RENTAL, INC.

 	 
	 	By:  	/s/ Kevin J. Groman
 	 
	 	 	Name:  	Kevin J. Groman 	 
	 	 	Title:  	SVP — General Counsel 	 
	 
	 	

RSC EQUIPMENT RENTAL OF CANADA LTD.

 	 
	 	By:  	/s/ Kevin J. Groman
 	 
	 	 	Name:  	Kevin J. Groman 	 
	 	 	Title:  	SVP — General Counsel 	 
	 

Signature page to First Amendment — Note Issuance

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG, NEW YORK BRANCH,

as U.S. Administrative Agent

 	 
	 	By:  	/s/ Enrique Landaeta
 	 
	 	 	Name:  	Enrique Landaeta 	 
	 	 	Title:  	Vice President 	 
	 
	 	 	 
	 	By:  	                                              /s/ Erin Morrissey
 	 
	 	 	Name:  	Erin Morrissey 	 
	 	 	Title:  	Vice President 	 
	 
	 	DEUTSCHE BANK AG, CANADA BRANCH,

as Canadian Administrative Agent

 	 
	 	By:  	/s/
Rod O’Hara 	 
	 	 	Name:  	Rod O’Hara  	 
	 	 	Title:  	DIRECTOR 	 
	 
	 	 	 
	 	By:  	                                              /s/ Marcellus Leung
 	 
	 	 	Name:  	Marcellus Leung 	 
	 	 	Title:  	Assistant Vice President 	 
	 

Signature page to First Amendment — Note Issuance

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

ALLIED IRISH BANKS, P.L.C.

 	 
	 	By:  	/s/ Brent Phillips
 	 
	 	 	Name:  	Brent Phillips 	 
	 	 	Title:  	Vice President 	 
	 	 	 
	 	By:  	                                      /s/ Martin Chin
 	 
	 	 	Name:  	Martin Chin 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

BANK MIDWEST, N.A.

 	 
	 	By:  	/s/ Damon K. Stelting
 	 
	 	 	Name:  	Damon K. Stelting 	 
	 	 	Title:  	Vice President

Commercial Lending 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Bayerische Landesbank,

New York Branch

 	 
	 	By:  	/s/ Stephen T. Hill
 	 
	 	 	Name:  	Stephen T. Hill 	 
	 	 	Title:  	First Vice President 	 
	 	 	 
	 	By:  	
/s/ Suyash Upreti
 	 
	 	 	Name:  	Suyash Upreti 	 
	 	 	Title:  	VP 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Bank of America, N.A.

 	 
	 	
 	 
	 
	 	By:  	/s/ Michael Lemiszko
 	 
	 	 	Name:  	Michael Lemiszko 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature page to First Amendment — Note Issuance

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Bank of America, N.A., (Acting through its Canada Branch)

 	 
	 	By:  	/s/ Michael Lemiszko
 	 
	 	 	Name:  	Michael Lemiszko 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature page to First Amendment — Note Issuance

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

THE BANK OF NOVA SCOTIA

 	 
	 	By:  	/s/ Paula Czach
 	 
	 	 	Name:  	P. Czach 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

BMO Capital Markets Financing Inc.

 	 
	 	By:  	/s/ Michael D. Pincus
 	 
	 	 	Name:  	Michael D. Pincus 	 
	 	 	Title:  	Managing Director 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Burdale Financial LTD

 	 
	 	By:  	/s/ Phillip R. Webb
 	 
	 	 	Name:  	Phillip R. Webb 	 
	 	 	Title:  	Duly Authorized Signatory 	 
	 
	 	 	 
	 	By:  	                                      /s/ Antimo Barbieri
 	 
	 	 	Name:  	Antimo Barbieri 	 
	 	 	Title:  	Duly Authorized Signatory 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Capital One Leverage Finance Corp. (f/n/a North Fork Business Capital Corporation)

 	 
	 	By:  	/s/ Nick Malatestinic
 	 
	 	 	Name:  	Nick Malatestinic 	 
	 	 	Title:  	SVP 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

RBS Business Capital, a division of RBS Asset Finance, Inc FKA Citizens Business Capital, a division of Citizens Leasing Corporation

 	 
	 	By:  	/s/ James H. Herzog Jr.
 	 
	 	 	Name:  	James H. Herzog Jr. 	 
	 	 	Title:  	Senior Vice President 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

ColumbusNova CLO Ltd. 2007-1

 	 
	 	By:  	/s/ Patrick Engel
 	 
	 	 	Name:  	Patrick Engel 	 
	 	 	Title:  	Director 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Commerzbank AG, New York and Grand Cayman Branches

 	 
	 	By:  	/s/ Gerard A. Araw
 	 
	 	 	Name:  	Gerard A. Araw 	 
	 	 	Title:  	Assistant Vice President 	 
	 
	 	 	 
	 	By:  	                                      /s/ Anthony Giraldi
 	 
	 	 	Name:  	Anthony Giraldi 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Madison Park Funding I, Ltd.

 	 
	 	By:  	/s/ Thomas Flannery
 	 
	 	 	Name:  	Thomas Flannery 	 
	 	 	Title:  	Authorized Signatory 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Madison Park Funding IV, Ltd.

 	 
	 	By 	Credit Suisse Alternative Capital, Inc., as collateral manager
 	 
	 
	 	By:  	/s/ Thomas Flannery
 	 
	 	 	Name:  	Thomas Flannery 	 
	 	 	Title:  	Authorized Signatory 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Madison Park Funding VI, Ltd.

 	 
	 	By 	Credit Suisse
Alternative Capital, Inc., as collateral manager
 	 
	 
	 	By:  	/s/ Thomas Flannery
 	 
	 	 	Name:  	Thomas Flannery 	 
	 	 	Title:  	Authorized Signatory 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

DZ BANK AG, New York Branch

 	 
	 	By:  	/s/ Oliver Hildenbrand
 	 
	 	 	Name:  	Oliver Hildenbrand 	 
	 	 	Title:  	SVP 	 
	 
	 	By:  	/s/ Paul Fitzpatrick 	 
	 	 	Name:  	Paul Fitzpatrick 	 
	 	 	Title:  	VP 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

Erste Group Bank AG

 	 
	 	By:  	/s/ John Fay
 	 
	 	 	Name:  	John Fay 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	                                   /s/ Bryan Lynch
 	 
	 	 	Name:  	Bryan Lynch 	 
	 	 	Title:  	Executive Director 	 
	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

FIRST TRUST/FOUR CORNERS SENIOR

FLOATING RATE INCOME FUND II

By: Four Corners Capital Management, LLC

As Sub-Adviser

 	 
	 	By:  	/s/ John Heitkemper
 	 
	 	 	John Heitkemper 	 
	 	 	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Foothill CLO I, Ltd.

By: The Foothill Group, Inc.,

       as attorney-in-fact

 	 
	 	By:  	/s/ Scott P. Quigley
 	 
	 	 	Name:  	Scott P. Quigley 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

Fortis Bank S.A./N.V., New York Branch

 	 
	 	By:  	/s/ Barbara E. Nash
 	 
	 	 	Name:  	Barbara E. Nash 	 
	 	 	Title:  	Managing Director & Group Head 	 
	 
	 	 	 
	 	By:  	/s/ Douglas Riahi
 	 
	 	 	Name:  	Douglas Riahi 	 
	 	 	Title:  	Managing Director 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

FORTIS CAPITAL CANADA LTD.

 	 
	 	By:  	/s/ Barbara E. Nash
 	 
	 	 	Name:  	Barbara E. Nash 	 
	 	 	Title:  	Managing Director & Group Head 	 
	 
	 	 	 
	 	By:  	/s/ Douglas Riahi
 	 
	 	 	Name:  	Douglas Riahi 	 
	 	 	Title:  	 Director 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

SF-3 Segregated Portfolio, a segregated portfolio of Shiprock Finance, SPC, for which Shiprock Finance, SPC is acting on behalf of and for the account of SF-3 Segregated Portfolio

 	 
	 	By:  	/s/ Roy Hykal
 	 
	 	 	Name:  	Roy Hykal 	 
	 	 	Title:  	Attorney-in-Fact 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

SFR, LTD.

 	 
	 	By:  	Four Corners Capital Management, LLC 

As Collateral Manager
 	 
	 	 	 
	 	                                   /s/ John Heitkemper
 	 
	 	John Heitkemper 	 
	 	Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

Four Corners CLO II, Ltd.

 	 
	 	By:  	/s/ Roy Hykal
 	 
	 	 	Name:  	Roy Hykal 	 
	 	 	Title:  	Attorney-in-Fact 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

BLUE SHIELD OF CALIFORNIA

 	 
	 	By:  	/s/ Alex Guang Yu
 	 
	 	 	Name:  	Alex Guang Yu 	 
	 	 	Title:  	Authorized Signatory 	 
	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

FRANKLIN CLO IV, LIMITED

 	 
	 	By:  	/s/ Alex Guang Yu 
 	 
	 	 	Name:  	Alex Guang Yu 	 
	 	 	Title:  	Authorized Signatory 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

FRANKLIN FLOATING RATE

DAILY ACCESS FUND

 	 
	 	By:  	/s/ Madeline Lam
 	 
	 	 	Name:  	Madeline Lam 	 
	 	 	Title:  	Asst. Vice President	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Franklin Templeton Series II Funds
Franklin Floating Rate II Fund

 	 
	 	By:  	/s/ Madeline Lam
 	 
	 	 	Name:  	Madeline Lam 	 
	 	 	Title:  	Asst. Vice President	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

Franklin Floating Rate Master Series

 	 
	 	By:  	/s/ Madeline Lam
 	 
	 	 	Name:  	Madeline Lam 	 
	 	 	Title:  	Asst. Vice President	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

GE Business Financial Services Inc.

(formerly known as Merrill Lynch Business Financial Services Inc)

 	 
	 	By:  	/s/ Maura Fitzgerald
 	 
	 	 	Name:  	Maura Fitzgerald 	 
	 	 	Title:  	Duly Authorized Signatory 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

GE CANADA FINANCE HOUSING COMPANY

 	 
	 	By:  	/s/ Italo Fortino
 	 
	 	 	Name:  	Italo Fortino 	 
	 	 	Title:  	Duly Authorized Signatory 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

General Electric Capital Corporation

 	 
	 	By:  	/s/ Maura Fitzgerald
 	 
	 	 	Name:  	Maura Fitzgerald 	 
	 	 	Title:  	Duly Authorized Signatory 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

NAVIGATOR CDO 2004, LTD., as a Lender

By:  GE Asset Management Inc., as Collateral Manager

 	 
	 	By:  	/s/ John Campos
 	 
	 	 	Name:  	John Campos 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	NAVIGATOR CDO 2006, LTD., as a Lender

By:  GE Asset Management Inc., as Collateral Manager

 	 
	 	By:  	/s/ John Campos
 	 
	 	 	Name:  	John Campos 	 
	 	 	Title:  	Authorized Signatory 	 
	 
	 	GENERAL ELECTRIC PENSION TRUST, as a Lender

By:  GE Asset Management Inc., as Collateral Manager

 	 
	 	By:  	/s/ John Campos
 	 
	 	 	Name:  	John Campos 	 
	 	 	Title:  	Authorized Signatory 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

CFBlackburn LLC
by GMAC Commercial Finance LLC, as servicer

 	 
	 	By:  	/s/ Dennis Baeks
 	 
	 	 	Name:  	Dennis Baeks 	 
	 	 	Title:  	Managing Director 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC
HOLDINGS II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT
RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE
SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS FROM TIME
TO TIME PARTY THERETO, DEUTSCHE BANK AG, NEW YORK BRANCH,
AS U.S. ADMINISTRATIVE AGENT AND DEUTSCHE BANK AG, CANADA
BRANCH, AS CANADIAN ADMINISTRATIVE AGENT

Name of Institution:

HSBC Business Credit (USA) Inc.

 	 
	 	By:  	/s/ Daniel J. Williams
 	 
	 	 	Name:  	Daniel J. Williams
 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	JPMORGAN CHASE BANK, N.A.	 
	 	 	 	 	 
	 	By:  	/s/ Santiago Giraldo	 
	 	 	Name:  	Santiago Giraldo	 
	 	 	Title:  	Vice President	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	Landsbanki Commercial Finance	 
	 	 	 	 	 
	 	By:  	/s/ David Morris 	 
	 	 	Name:  	David Morris	 
	 	 	Title:  	Managing Director	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	LLOYDS TSB BANK PLC	 
	 	 	 	 	 
	 	By:  	/s/ Jeremy Harrison 	 
	 	 	Name:  	Jeremy Harrison	 
	 	 	Title:  	Director 
H067	 
	 	 	 	 	 
	 	By:  	/s/ Alexander Wilson 	 
	 	 	Name:  	Alexander Wilson	 
	 	 	Title:  	Director

Financial Institutions, USA

W055	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	Mizuho Corporate Bank, Ltd.	 
	 	 	 	 	 
	 	By:  	/s/ James R. Fayen 	 
	 	 	Name:  	James R. Fayen	 
	 	 	Title:  	Deputy General Manager	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	PNC Bank, NA	 
	 	 	 	 	 
	 	By:  	/s/ John D. Trott 	 
	 	 	Name:  	John D. Trott	 
	 	 	Title:  	Vice President	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	BOSTON HARBOR CLO 2004-1, Ltd.

 
	 	By:  	/s/ Beth Mazor 	 
	 	 	Name:  	Beth Mazor	 
	 	 	Title:  	V.P.	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	Regions Bank	 
	 	 	 	 	 
	 	By:  	/s/
George Louis McKinley 	 
	 	 	Name:  	George Louis McKinley	 
	 	 	Title:  	Attorney-in-Fact	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	Royal Bank of Canada	 
	 	 	 	 	 
	 	By: 	/s/ Dustin Craven  	 
	 	 	Name:  	Dustin Craven	 
	 	 	Title:  	Attorney-in-Fact
 	 
	 	By:  	/s/ R. Kizzel 	 
	 	 	Name:  	R. Kizzel	 
	 	 	Title:  	Attorney-in-Fact	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	SunTrust Bank	 
	 	 	 	 	 
	 	By:  	/s/ Hector Molina 	 
	 	 	Name:  	Hector Molina	 
	 	 	Title:  	Associate	 

 

 

	 	 	 	 	 
	 	SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC., RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

Name of Institution:

 
	 	Union Bank, N.A.	 
	 	 	 	 	 
	 	By:  	/s/ Brent Housteau 	 
	 	 	Name:  	Brent Housteau	 
	 	 	Title:  	Vice President	 

Signature page to First Amendment — Note Issuance

 

 

SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

	 	 	 	 	 
	 	Name of Institution:

United Overseas Bank Limited, New York Agency

 	 
	 	By:  	/s/ George Lim
 	 
	 	 	Name:  	George Lim 	 
	 	 	Title:  	SVP & GM 	 
	 
	 	 	 
	 	By:  	                                   /s/ Mario Sheng
 	 
	 	 	Name:  	Mario Sheng 	 
	 	 	Title:  	AVP 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

	 	 	 	 	 
	 	Name of Institution:

UPS Capital Corporation

 	 
	 	By:  	/s/ John P. Holloway
 	 
	 	 	Name:  	John P. Holloway 	 
	 	 	Title:  	Director Portfolio Management 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

	 	 	 	 	 
	 	Name of Institution:

Wachovia Capital Finance Corporation (Western)

 	 
	 	By:  	/s/ Carlos Valles
 	 
	 	 	Name:  	Carlos Valles 	 
	 	 	Title:  	Director 	 

First Amendment to RSC Credit Agreement

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

	 	 	 	 	 
	 	Name of Institution:

Wachovia Capital Finance Corporation (Canada)

 	 
	 	By:  	/s/ Bruce  Laughton
 	 
	 	 	Name:  	Bruce  Laughton	 
	 	 	Title:  	Managing Director 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

	 	 	 	 	 
	 	Name of Institution:

WELLS FARGO BANK, N.A.

 	 
	 	By:  	/s/ Reginald M. Goldsmith, III
 	 
	 	 	Name:  	Reginald M. Goldsmith, III 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

SIGNATURE PAGE TO THE FIRST AMENDMENT TO CREDIT AGREEMENT,
DATED AS OF THE DATE FIRST WRITTEN ABOVE, AMONG RSC HOLDINGS
II, LLC, RSC HOLDINGS III, LLC, RSC EQUIPMENT RENTAL, INC.,
RSC EQUIPMENT RENTAL OF CANADA LTD., THE SEVERAL BANKS AND
OTHER FINANCIAL INSTITUTIONS FROM TIME TO TIME PARTY THERETO,
DEUTSCHE BANK AG, NEW YORK BRANCH, AS U.S. ADMINISTRATIVE
AGENT AND DEUTSCHE BANK AG, CANADA BRANCH, AS CANADIAN
ADMINISTRATIVE AGENT

	 	 	 	 	 
	 	WELLS FARGO FINANCIAL CORPORATION CANADA

 	 
	 	By:  	/s/ Peter Bean
 	 
	 	 	Name:  	Peter Bean 	 
	 	 	Title:  	Vice President

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