Document:

SEC Exhibit

Exhibit 10.24

EMPLOYEE MATTERS AGREEMENT
by and between
HERTZ GLOBAL HOLDINGS, INC.
and
HERC HOLDINGS INC.
    Dated as of [        ], 2016

Table of Contents

Page

		
	 
 
DEFINITIONS AND INTERPRETATION
	1

Section 1.01Certain Defined Terms.    1
		
	 
 
GENERAL PRINCIPLES FOR ALLOCATION OF LIABILITIES
	8

Section 2.01General Principles    8
Section 2.02Service Credit    10
Section 2.03Benefit Plans    10
Section 2.04New Hertz Holdings Individual Agreements    12
Section 2.05HERC Holdings Individual Agreements    13
Section 2.06Collective Bargaining Agreements    13
		
	 
 
EMPLOYEES
	14

Section 3.01Active Employees    14
Section 3.02Former Employees    15
Section 3.03Employment Law Obligations    15
Section 3.04Employee Records    16
Section 3.05No-Hire and Non-Solicitation    18
		
	 
 
EQUITY AWARDS
	18

Section 4.01General Principles    18
Section 4.02Establishment of Equity Incentive Plans    19
Section 4.03Treatment of Outstanding Equity Incentive Awards    19
Section 4.04Section 16(b) of the Exchange Act    23
Section 4.05Liabilities for Settlement of Awards    23
Section 4.06Form S-8    23
Section 4.07Tax Reporting and Withholding for Equity‐Based Awards    23
Section 4.08Cooperation    24
Section 4.09Old Hertz Holdings Equity Awards in Certain Non-U.S. Jurisdictions    24
		
	 
 
CERTAIN U.S. WELFARE BENEFIT MATTERS
	24

Section 5.01Establishment of HERC Holdings Spinoff Welfare Plans    24

i

Section 5.02HERC Holdings Retained Welfare Plans    28
Section 5.03Accrued Paid Time Off, Vacation and Sick Pay    28
Section 5.04COBRA    28
Section 5.05Third Party Vendors    29
Section 5.06Severance    29
Section 5.07No Restrictions on Amendment or Termination    29
Section 5.08Multiemployer Health Plans    29
		
	 
 
U.S. DEFINED CONTRIBUTION PLANS
	30

Section 6.01Establishment of the HERC Holdings Spinoff Savings Plan    30
Section 6.02Other Savings Plans    32
		
	 
 
U.S. DEFINED BENEFIT PLANS
	32

Section 7.01Establishment of HERC Holdings Spinoff Pension Plan    32
Section 7.02Hertz Pension Plan after Distribution    34
Section 7.03Plan Fiduciaries    34
Section 7.04Multiemployer Pension Plans.    34
		
	 
 
U.S. NON-QUALIFIED RETIREMENT PLANS
	35

Section 8.01Establishment of the HERC Holdings Spinoff SISP.    35
Section 8.02Establishment of the HERC Holdings Spinoff Non-Qualified Pension Plans    36
Section 8.03No Distributions on Separation    37
Section 8.04Director Compensation Deferral Program    37
		
	 
 
EMPLOYEE STOCK PURCHASE PLAN
	37

Section 9.01The Hertz Global Holdings, Inc. Employee Stock Purchase Plan    37
Section 9.02Establishment of New Hertz Holdings Employee Stock Purchase Plan    38
		
	 
 
NON-U.S. EMPLOYEES
	38

Section 10.01General Principles    38
Section 10.02Non-U.S. Plans    38
		
	 
 
ANNUAL INCENTIVE PLANS
	39

Section 11.01Executive Incentive Compensation Plan    39

ii

Section 11.02Senior Executive Bonus Plan.    39
Section 11.03General Principles    39
		
	 
 
COMPENSATION MATTERS AND GENERAL BENEFIT AND  
EMPLOYEE MATTERS
	40

Section 12.01Restrictive Covenants in Employment and Other Agreements    40
Section 12.02Leaves of Absence    40
Section 12.03Workers’ Compensation    41
Section 12.04Unemployment Compensation    41
Section 12.05Preservation of Rights to Amend    41
Section 12.06Confidentiality    41
Section 12.07Administrative Complaints/Litigation    41
Section 12.08Reimbursement and Indemnification    42
Section 12.09Fiduciary Matters    42
Section 12.10Subsequent Transfers of Employment    42
Section 12.11Section 409A    43
Section 12.12Post Retirement Assigned Car Benefit    43
		
	 
 
MISCELLANEOUS
	43

Section 13.01Dispute Resolution    43
Section 13.02Force Majeure    43
Section 13.03Relationship of the Parties    43
Section 13.04Assignment    44
Section 13.05Third Party Beneficiaries    44
Section 13.06Entire Agreement; No Reliance; Amendment    44
Section 13.07Waiver    44
Section 13.08Notices    44
Section 13.09Counterparts    45
Section 13.10Severability    45
Section 13.11Interpretation    45
Section 13.12Limitation of Liability    46
Section 13.13Governing Law    46
Section 13.14Precedence    46
Section 13.15Tax Matters    46
Section 13.16Settlor Prerogatives Regarding Plan Dispositions    46
Section 13.17Effect if Distribution Does Not Occur    47

SCHEDULES

Number            Schedules                    

iii

1.01(a)                HERC Holdings Employees
1.01(b)                New Hertz Holdings Employees
2.04(b)                New Hertz Holdings Individual Agreements
2.05(b)                HERC Holdings Individual Agreements 
3.02(b)                Former HERC Holdings Employees
3.02(c)                Former New Hertz Holdings Employees
5.02                HERC Holdings Retained Welfare Plans    
7.04(a)        HERC Holdings Multiemployer Plans
7.04(b)        New Hertz Holdings Multiemployer Plans

iv

EMPLOYEE MATTERS AGREEMENT
THIS EMPLOYEE MATTERS AGREEMENT (this “Agreement”), is entered into as of [        ], 2016 by and between Hertz Global Holdings, Inc., a Delaware corporation (f/k/a Hertz Rental Car Holdings Company, Inc., “New Hertz Holdings”), and HERC Holdings Inc., a Delaware corporation (f/k/a Hertz Global Holdings, Inc., “HERC Holdings”) (each a “Party” and together, the “Parties”).  
WHEREAS, New Hertz Holdings and HERC Holdings have entered into a Separation and Distribution Agreement as of [    ], 2016, as the same may be amended from time to time (the “Separation Agreement”), pursuant to which Old Hertz Holdings shall separate into two separate publicly traded companies: (i) New Hertz Holdings, which will continue to conduct, directly and through its Subsidiaries, the Car Rental Business, and (ii) HERC Holdings, which will continue to conduct, directly and through its Subsidiaries, the Equipment Rental Business; and distribute to the Record Holders, on a pro rata basis, all the outstanding shares of the New Hertz Holdings Common Stock; and
WHEREAS, the Separation Agreement contemplates the execution and delivery of certain other agreements, including this Agreement, in order to facilitate and provide for the separation of New Hertz Holdings and HERC Holdings.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained herein and in the Separation Agreement, and intending to be legally bound hereby, New Hertz Holdings and HERC Holdings hereby agree as follows:

     ARTICLE I     
 
DEFINITIONS AND INTERPRETATION

Section 1.01    Certain Defined Terms.  
Unless otherwise defined herein, each capitalized term shall have the meaning specified for such term in the Separation Agreement.  As used in this Agreement:
“Benefit Plan” means any plan, program, policy, agreement, arrangement or understanding that is a deferred compensation, executive compensation, incentive bonus or other bonus, employee pension, profit sharing, savings, retirement, supplemental retirement, stock option, stock purchase, stock appreciation right, restricted stock, restricted stock unit, deferred stock unit, phantom stock, other equity based compensation, severance pay, salary continuation, life, death benefit, health, hospitalization, workers’ compensation, sick leave, vacation pay, disability or accident insurance or other employee benefit plan, program, agreement or arrangement, including any “employee benefit plan” (as defined in Section 3(3) of ERISA) (whether or not subject to ERISA) sponsored or maintained by such entity or to which such entity is a party.  In addition, no Employment Agreement shall constitute a Benefit Plan for purposes hereof.  

    

“COBRA” means the U.S. Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and the regulations promulgated thereunder.
“Employee Records” means all records pertaining to employment, including benefits, eligibility, training history, performance reviews, disciplinary actions, job experience and history and compensation history.
“Employment Agreement” means any individual employment, retention, consulting, change in control, offer letter, severance or other individual compensatory agreement between any New Hertz Holdings Employee, HERC Holdings Employee, or Former Employee, and a member of the Hertz Group or the HERC Holdings Group, including Expatriate Agreements but excluding any Old Hertz Holdings Equity Awards.
“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder.
“Expatriate Agreement” refers to any agreement between any New Hertz Holdings Employee, HERC Holdings Employee, or Former Employee, and a member of the Hertz Group or the HERC Holdings Group, which provides for an expatriate (including any international assignee) contract or arrangement (including agreements and obligations regarding repatriation, relocation, equalization of taxes (including tax filings and obligations for years prior to the Distribution Date) and living standards in the host country).
“Former Old Hertz Holdings Non-Employee Director” means any individual who served as a non-employee member of the Old Hertz Holdings Board prior to the Distribution, but who is neither a HERC Holdings Non-Employee Director nor a New Hertz Holdings Non-Employee Director.  
“HERC Holdings Awards” means (i) Adjusted HERC Holdings RSUs, (ii) Adjusted HERC Holdings PSUs, (iii) Adjusted HERC Holdings Options, and (iv) Adjusted HERC Holdings Phantom Shares, collectively provided through the Old Hertz Holdings Equity Plans in accordance with Article IV. 
“HERC Holdings Benefit Plan” means (i) any Benefit Plan sponsored or maintained by one or more members of the HERC Holdings Group immediately prior to the Distribution Date, (ii) the HERC Holdings Spinoff Plans, (iii) the HERC Holdings Retained Plans, and (iv) the HERC Holdings EICP. 
“HERC Holdings Board” means the board of directors of HERC Holdings.
“HERC Holdings EICP” means The Hertz Corporation 2016 Executive Incentive Compensation Plan (HERC Component). 
“HERC Holdings Employee” means an individual who (i) is listed on Schedule 1.01(a), or (ii) to the extent not listed on either Schedule 1.01(a) or Schedule 1.01(b), is employed by HERC or any of its Subsidiaries immediately prior to the Distribution.  For 

2

avoidance of doubt, the reference to “HERC or any of its Subsidiaries” in the prior sentence shall not include any entity who is a member of the Hertz Group immediately after the Distribution.
“HERC Holdings Non-Employee Director” means any individual who shall be a non-employee member of the HERC Holdings Board immediately after the Distribution.
“HERC Holdings Price Ratio” means the quotient obtained by dividing the HERC Holdings Stock Value by the Old Hertz Holdings Stock Value.  
“HERC Holdings Retained Plans” means the HERC Holdings Retained Welfare Plans and the HERC Holdings Retained Savings Plan.
“HERC Holdings Share” means a share of HERC Holdings Common Stock.  
“HERC Holdings Share Ratio” means the quotient obtained by dividing the Old Hertz Holdings Stock Value by the HERC Holdings Stock Value. 
“HERC Holdings Spinoff Plans” means the (i) HERC Holdings Spinoff Welfare Plans, (ii) HERC Holdings Spinoff Savings Plan, (iii) HERC Holdings Spinoff Pension Plan, (iv) HERC Holdings Spinoff SISP, and (v) HERC Holdings Spinoff Non-Qualified Pension Plans.  
“HERC Holdings Stock Value” means the closing price per share of HERC Holdings Shares on the New York Stock Exchange for the first Trading Day immediately following the Distribution Date.  
“Hertz BEP” means The Hertz Corporation Benefit Equalization Plan, as amended.  
“Hertz EICP” means The Hertz Corporation 2016 Executive Incentive Compensation Plan.  
“Hertz Non-Qualified Pension Plans” means the (i) Hertz BEP, (ii) Hertz SERP, and (iii) Hertz SERP II.
“Hertz Non-Qualified Retirement Plans” means the (i) Hertz Non-Qualified Pension Plans, and (ii) Hertz SISP.
“Hertz Pension Plan” means The Hertz Corporation Account Balance Defined Benefit Pension Plan, as amended.
“Hertz Savings Plan” means The Hertz Corporation Income Savings Plan, as amended.
“Hertz SERP” means The Hertz Corporation Supplemental Retirement and Savings Plan, as amended.   

3

“Hertz SERP II” means The Hertz Corporation Supplemental Executive Retirement Plan, as amended.   
“Hertz SISP” means The Hertz Corporation Supplemental Income Savings Plan, as amended.  
“HIPAA” means the Health Insurance Portability and Accountability Act of 1996, as amended, and the regulations promulgated thereunder.
“New Hertz Holdings Awards” means the (i) New Hertz Holdings Spin RSUs, (ii) New Hertz Holdings Spin PSUs, (iii) New Hertz Holdings Spin Options, and (iv) New Hertz Holdings Spin Phantom Shares, and any other awards to be granted under the New Hertz Holdings Spinoff Equity Plan pursuant to Article IV.
“New Hertz Holdings Benefit Plan” means (i) any Benefit Plan sponsored or maintained by one or more members of the Hertz Group immediately prior to the Distribution Date, and (ii) the New Hertz Holdings Spinoff Plans.  
“New Hertz Holdings Board” means the board of directors of New Hertz Holdings.
“New Hertz Holdings Employee” means an individual who (i) is listed on Schedule 1.01(b), or (ii) to the extent not listed on either Schedule 1.01(a) or Schedule 1.01(b), is employed by Hertz or any of its Subsidiaries immediately prior to the Distribution.  For avoidance of doubt, the reference to “Hertz or any of its Subsidiaries” in the prior sentence shall not include any entity who is a member of the HERC Holdings Group immediately after the Distribution.
“New Hertz Holdings Non-Employee Director” means any individual who shall be a non-employee member of the New Hertz Holdings Board immediately after the Distribution Date.
“New Hertz Holdings Price Ratio” means the quotient obtained by dividing New Hertz Holdings Stock Value by the Old Hertz Holdings Stock Value.  
“New Hertz Holdings Shares” means, following the Distribution, the common stock of New Hertz Holdings.  
“New Hertz Holdings Share Ratio” means the quotient obtained by dividing the Old Hertz Holdings Stock Value by the New Hertz Holdings Stock Value.
“New Hertz Holdings Spin Options” means any stock options granted pursuant to the New Hertz Holdings Spinoff Equity Plan in accordance with Section 4.01(c)(ii).  
“New Hertz Holdings Spin Phantom Share” means any Phantom Shares granted pursuant to the New Hertz Holdings Spinoff Equity Plan in accordance with Section 4.03(d)(ii). 

4

“New Hertz Holdings Spin PSU” means any PSUs granted pursuant to the New Hertz Holdings Spinoff Equity Plan in accordance with Section 4.03(b)(ii). 
“New Hertz Holdings Spin RSU” means any RSUs granted pursuant to the New Hertz Holdings Spinoff Equity Plan in accordance with Section 4.03(a)(ii). 
“New Hertz Holdings Spinoff Plans” means the (i) New Hertz Holdings Spinoff ESPP, (ii) New Hertz Holdings Spinoff Equity Plan, and (iii) New Hertz Holdings Spinoff SEBP.  
“New Hertz Holdings Stock Value” means the closing price per share of New Hertz Holdings Shares on the New York Stock Exchange for the first Trading Day immediately following the Distribution Date. 
“New Hertz Holdings Welfare Plan” means any Welfare Plan sponsored or maintained by one or more members of the Hertz Group as of immediately prior to the Distribution.
“Old Hertz Holdings Board” means the board of directors of Old Hertz Holdings.
“Old Hertz Holdings Equity Awards” means any equity awards granted pursuant to the Old Hertz Holdings Equity Plans.
“Old Hertz Holdings Equity Plans” means the Hertz Global Holdings, Inc. 2008 Omnibus Incentive Plan (which shall be known as the Herc Holdings Inc. 2008 Omnibus Incentive Plan on and after the Distribution), the Hertz Global Holdings, Inc. Stock Incentive Plan (which shall be known as the Herc Holdings Inc. Stock Incentive Plan on and after the Distribution), the Hertz Global Holdings, Inc. Director Stock Incentive Plan (which shall be known as the Herc Holdings Inc. Director Stock Incentive Plan on and after the Distribution), and any other stock-based plan identified by Old Hertz Holdings before the time of the Distribution.  
“Old Hertz Holdings ESPP” means The Hertz Global Holdings, Inc. Employee Stock Purchase Plan (which shall be known as the Herc Holdings Inc. Employee Stock Purchase Plan on and after the Distribution).  
“Old Hertz Holdings Non-Employee Director” means any non-employee director of Old Hertz Holdings immediately prior to the Distribution. 
“Old Hertz Holdings Options” means any stock options granted pursuant to an Old Hertz Holdings Equity Plan.
“Old Hertz Holdings Phantom Share” means any Phantom Share granted pursuant to an Old Hertz Holdings Equity Plan.  
“Old Hertz Holdings PSU” means any PSUs granted pursuant to an Old Hertz Holdings Equity Plan.  

5

“Old Hertz Holdings RSU” means any RSUs granted pursuant to an Old Hertz Holdings Equity Plan.
“Old Hertz Holdings SEBP” means the Hertz Global Holdings, Inc. Senior Executive Bonus Plan (which shall be known as the Herc Holdings Inc. Senior Executive Bonus Plan on and after the Distribution).
“Old Hertz Holdings Severance Plan” means the Hertz Global Holdings, Inc. Severance Plan for Senior Executives.  
“Old Hertz Holdings Shares” means, prior to the Distribution, the Common Stock of Old Hertz Holdings.
“Old Hertz Holdings Stock Value” means the closing price per share of Old Hertz Holdings Shares (based on “regular way” trading) on the New York Stock Exchange for, if the Distribution Date is on a Trading Day, the Distribution Date or, if the Distribution Date is not on a Trading Day, the last Trading Day immediately prior to the Distribution Date.
“Phantom Share” means a right to receive (i) prior to the Distribution, a share of Old Hertz Holdings Common Stock or (ii) after the Distribution, a share of New Hertz Holdings Common Stock or HERC Holdings Common Stock, as applicable, in the future.
“PSU” means a right to receive (i) prior to the Distribution, a share of Old Hertz Holdings Common Stock or (ii) after the Distribution, a share of New Hertz Holdings Common Stock or HERC Holdings Common Stock, as applicable, in each case if specified performance goals are attained, and subject to applicable restrictions and risk of forfeiture.  
“RSU” means a right to receive (i) prior to the Distribution, a share of Old Hertz Holdings Common Stock or (ii) after the Distribution, a share of New Hertz Holdings Common Stock or HERC Holdings Common Stock, as applicable, subject to applicable restrictions and risk of forfeiture.
“Trading Day” means any day on which the New York Stock Exchange is open for the buying and selling of securities.
“Transferred HERC Holdings Individual Agreement” means each Employment Agreement set forth on Schedule 2.05(b).  
“Transferred New Hertz Holdings Individual Agreement” means each Employment Agreement set forth on Schedule 2.04(b).  
“Welfare Plan” means, where applicable, a “welfare plan” (as defined in Section 3(1) of ERISA) or a “cafeteria plan” under Section 125 of the Code, and any benefits offered thereunder, and any other plan offering health benefits (including medical, prescription drug, dental, vision, and mental health and substance abuse), disability benefits, or life, accidental death and disability, and business travel insurance, pre tax premium conversion benefits, dependent care assistance programs, employee assistance programs, paid time off programs, 

6

contribution funding toward a health savings account, flexible spending accounts, tuition reimbursement or educational assistance programs, or cashable credits, but excluding any severance plans.
“WARN” means the U.S. Worker Adjustment and Retraining Notification Act, as amended, and the regulations promulgated thereunder, and any applicable foreign, state, provincial or local Law equivalent.
“2016 Plan Year” means the fiscal year of a Welfare Plan beginning on July 1, 2016, and ending on June 30, 2017.  
The following terms have the meanings set forth in the Sections set forth below:
	
		
	Definition
	Location

	“Adjusted HERC Holdings Option”
	4.03(c)(i)

	“Adjusted HERC Holdings Phantom Share”
	4.03(d)(i)

	“Adjusted HERC Holdings PSU”
	4.03(b)(i)

	“Adjusted HERC Holdings RSU”
	4.03(a)(i)

	“Agreement”
	Preamble

	“Estimated Pension Plan Transfer Amount”
	7.01(a)(i)

	“Final Pension Plan Transfer Amount”
	7.01(a)(ii)

	“Force Majeure”
	13.02

	“Former Employees”
	3.02(d)

	“Former HERC Holdings Employees”
	3.02(b)

	“Former New Hertz Holdings Corporate Office Employee”
	12.07(b)

	“Former New Hertz Holdings Employees”
	3.02(c)

	“Future HERC Holdings LTD Employee”
	5.01(d)(iv)

	“HERC Holdings”
	Preamble

	“HERC Holdings Collective Bargaining Agreements”
	2.06

	“HERC Holdings Insured STD Employee”
	5.01(d)(i)

	“HERC Holdings LTD Employee”
	5.01(d)(iii)

	“HERC Holdings Multiemployer Plans”
	7.04(a)

	“HERC Holdings Retained Savings Plan”
	6.02

	“HERC Holdings Retained Welfare Plans”
	5.02

	“HERC Holdings Self-Insured STD Employee”
	5.01(d)(ii)

	“HERC Holdings Spinoff Non-Qualified Pension Plan Participants”
	8.02(a)

	“HERC Holdings Spinoff Non-Qualified Pension Plans”
	8.02(a)

	“HERC Holdings Spinoff Pension Plan”
	7.01

	“HERC Holdings Spinoff Pension Plan Beneficiaries”
	7.01

7

	
		
	“HERC Holdings Spinoff Savings Plan”
	6.01

	“HERC Holdings Spinoff Savings Plan Beneficiaries”
	6.01(a)

	“HERC Holdings Spinoff SISP”
	8.01(a)

	“HERC Holdings Spinoff SISP Participant”
	8.01(a)

	“HERC Holdings Spinoff Welfare Participants”
	5.01(a)

	“HERC Holdings Spinoff Welfare Plans”
	5.01(a)

	“Hertz Insured STD Plan”
	5.01(d)(i)

	“Hertz LTD Plan”
	5.01(d)(iii)

	“Hertz Savings Plan HERC Holdings Assets”
	6.01(b)

	“IRS”
	6.01(d)

	“New Hertz Holdings”
	Preamble

	“New Hertz Holdings Collective Bargaining Agreements”
	2.06

	“New Hertz Holdings Director Compensation Deferral Program”
	8.04

	“New Hertz Holdings Multiemployer Plans”
	7.04(b)

	“New Hertz Holdings Spinoff Equity Plan”
	4.02

	“New Hertz Holdings Spinoff ESPP”
	9.02

	“New Hertz Holdings Spinoff SEBP”
	11.02(a)

	“Old Hertz Holdings Compensation Committee”
	4.01(c)

	“Old Hertz Holdings Director Compensation Deferral Program”
	8.04

	“Party” or “Parties”
	Preamble

	“Pension Transfer”
	7.01

	“Providing Party”
	2.02(b)

	“Puerto Rico Pension Plan”
	10.02

	“Requesting Party”
	2.02(b)

	“Separation Agreement”
	Preamble

	“True-Up Amount”
	7.01(a)(ii)

	“Virgin Islands Pension Plan”
	10.02

 

Article II     
 
GENERAL PRINCIPLES FOR ALLOCATION OF LIABILITIES

Section 2.01    General Principles.
(a)    Acceptance and Assumption of New Hertz Holdings Liabilities.  Except as otherwise specifically set forth in this Agreement, from and after the Distribution Date, New Hertz Holdings or one of its Subsidiaries shall accept, assume (or, as applicable, retain) and faithfully perform, discharge and fulfill all of the following Liabilities of New Hertz Holdings, HERC Holdings or any of their respective Affiliates in accordance with their respective terms (each of which shall be considered a Hertz Liability), regardless of (i) when or where such Liabilities arose or arise, (ii) where or against whom such Liabilities are asserted or determined, 

8

(iii) whether arising from or alleged to arise from negligence, gross negligence, recklessness, violation of law, willful misconduct, bad faith, fraud or misrepresentation by any member of the Hertz Group or the HERC Holdings Group, as the case may be, or any of their past or present respective directors, officers, employees, or agents, (iv) which entity is named in any action associated with any Liability, and (v) whether the facts on which they are based occurred prior to, on or after the date hereof:  
(i)    any and all wages, salaries, incentive compensation, equity compensation, commissions, bonuses and any other employee compensation or benefits (including, without limitation, any benefits under education assistance, tuition reimbursement, or relocation programs), each as may be modified by this Agreement, payable to or on behalf of any New Hertz Holdings Employees and Former New Hertz Holdings Employees without regard to when such wages, salaries, incentive compensation, equity compensation, commissions, bonuses or other employee compensation or benefits are or may have been awarded or earned; and
(ii)    any and all Liabilities expressly assumed or retained by any member of the Hertz Group pursuant to this Agreement.
(b)    Acceptance and Assumption of HERC Holdings Liabilities.  Except as otherwise specifically set forth in this Agreement, from and after the Distribution Date, HERC Holdings or one of its Subsidiaries shall accept, assume (or, as applicable, retain) and faithfully perform, discharge and fulfill all of the following Liabilities of New Hertz Holdings, HERC Holdings or any of their respective Affiliates in accordance with their respective terms (each of which shall be considered a HERC Holdings Liability), regardless of (i) when or where such Liabilities arose or arise, (ii) where or against whom such Liabilities are asserted or determined, (iii) whether arising from or alleged to arise from negligence, gross negligence, recklessness, violation of law, willful misconduct, bad faith, fraud or misrepresentation by any member of the Hertz Group or the HERC Holdings Group, as the case may be, or any of their past or present respective directors, officers, employees, or agents, (iv) which entity is named in any action associated with any Liability, and (v) whether the facts on which they are based occurred prior to, on or after the date hereof: 
(i)    any and all wages, salaries, incentive compensation, equity compensation, commissions, bonuses and any other employee compensation or benefits (including, without limitation, any benefits under education assistance, tuition reimbursement, or relocation programs), each as may be modified by this Agreement, payable to or on behalf of any HERC Holdings Employees and Former HERC Holdings Employees, without regard to when such wages, salaries, incentive compensation, equity compensation, commissions, bonuses or other employee compensation or benefits are or may have been awarded or earned; and
(ii)    any and all Liabilities expressly assumed or retained by any member of the HERC Holdings Group pursuant to this Agreement.

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(c)    Unaddressed Liabilities.  To the extent that the Parties agree this Agreement does not address particular Liabilities under any Benefit Plan and the Parties later determine that they should be allocated in connection with the Distribution, the Parties shall agree in good faith on the allocation, taking into account the handling of comparable Liabilities under this Agreement.

Section 2.02    Service Credit.  
(a)    Service for Eligibility, Vesting and Benefit Purposes.  
(i)    Except as otherwise determined by New Hertz Holdings in its discretion, New Hertz Holdings shall cause each member of the Hertz Group to, and shall cause the New Hertz Holdings Benefit Plans to, recognize each New Hertz Holdings Employee’s full service with Old Hertz Holdings or any of its Subsidiaries or its respective predecessor entities at or before the Distribution Date, to the same extent that such service was credited by Old Hertz Holdings and its Subsidiaries for similar purposes prior to the Distribution as if such full service had been performed for a member of the Hertz Group, for purposes of eligibility, vesting and determination of level of benefits under any such New Hertz Holdings Benefit Plan.  
(ii)    Except as otherwise determined by HERC Holdings in its discretion, HERC Holdings shall cause each member of the HERC Holdings Group to, and shall cause the HERC Holdings Benefit Plans to, recognize each HERC Holdings Employee’s full service with Old Hertz Holdings or any of its Subsidiaries or its respective predecessor entities at or before the Distribution Date, to the same extent that such service was credited by Old Hertz Holdings and its Subsidiaries for similar purposes prior to the Distribution as if such full service had been performed for a member of the HERC Holdings Group, for purposes of eligibility, vesting and determination of level of benefits under any such HERC Holdings Benefit Plan.
(b)    Evidence of Prior Service.  Notwithstanding anything in this Agreement to the contrary, but subject to applicable Law, upon reasonable request by either Party (the “Requesting Party”), the other Party (the “Providing Party”) will provide to the Requesting Party copies of any records available to the Providing Party to document the service, plan participation and membership of former employees of the Providing Party who are then employees of the Requesting Party, and will cooperate with the Requesting Party to resolve any discrepancies or obtain any missing data for purposes of determining benefit eligibility, participation, vesting and calculation of benefits with respect to any such employee.  

Section 2.03    Benefit Plans.
(a)    New Hertz Holdings Benefit Plans.  
(i)    As of the Distribution Date, except as otherwise expressly provided for in this Agreement, New Hertz Holdings shall, or shall cause one or more members of the Hertz Group to assume, adopt or maintain the New Hertz Holdings Benefit Plans.  

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(ii)    Except as otherwise expressly provided for in this Agreement or in a New Hertz Holdings Benefit Plan, effective as of the Distribution Date, (a) each member of the HERC Holdings Group shall cease to be a participating company or participating employer in any New Hertz Holdings Benefit Plan, (b) each HERC Holdings Employee and Former HERC Holdings Employees shall cease to participate in, be covered by, accrue benefits under, be eligible to contribute to or have any rights under any New Hertz Holdings Benefit Plan, and (c) New Hertz Holdings will be responsible for all Liabilities under the New Hertz Holdings Benefit Plans.  
(b)    HERC Holdings Benefit Plans.  
(i)    As of the Distribution Date, except as otherwise expressly provided for in this Agreement, HERC Holdings shall, or shall cause one or more members of the HERC Holdings Group to assume, adopt or maintain the HERC Holdings Benefit Plans.  
(ii)    Except as otherwise expressly provided for in this Agreement or in a HERC Holdings Benefit Plan, effective as of the Distribution Date, (a) each member of the Hertz Group shall cease to be a participating company or participating employer in any HERC Holdings Benefit Plan, (b) each New Hertz Holdings Employee and Former New Hertz Holdings Employee shall cease to participate in, be covered by, accrue benefits under, be eligible to contribute to or have any rights under any HERC Holdings Benefit Plan, and (c) HERC Holdings will be responsible for all Liabilities under the HERC Holdings Benefit Plans.
(c)    Information and Operation.  Except as otherwise expressly provided for in this Agreement, each Party shall, and shall cause the applicable members of its Group to, provide the other Party with information describing a Benefit Plan election made by a New Hertz Holdings Employee, HERC Holdings Employee, or Former Employee, as applicable, that may have application to the Requesting Party’s Benefit Plan from and after the Distribution Date, and each Party shall use its commercially reasonable efforts to administer its Benefit Plans using those elections (except as otherwise determined by New Hertz Holdings, in its sole discretion, with respect to the New Hertz Holdings Benefit Plans, and HERC Holdings, in its sole discretion, with respect to the HERC Holdings Benefit Plans).  Each Party shall, subject to applicable Law, upon reasonable request, provide the other Party and the other Party’s respective Affiliates, agents, and vendors all information (including, without limitation, the elections described in the preceding sentence) reasonably necessary to the other Party’s operation or administration of its Benefit Plans.
(d)    No Duplication or Acceleration of Benefits.  Notwithstanding anything to the contrary in this Agreement, the Separation Agreement or any Ancillary Agreement, (i) no participant in any New Hertz Holdings Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding HERC Holdings Benefit Plan or any other plan, program or arrangement sponsored or maintained by HERC Holdings or any other member of the HERC Holdings Group, and (ii) no participant in any HERC Holdings Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would 

11

result in duplication of benefits provided to such participant by the corresponding New Hertz Holdings Benefit Plan or any other plan, program or arrangement sponsored or maintained by New Hertz Holdings or any other member of the Hertz Group. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement or in any Ancillary Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting or entitlements under any Benefit Plans sponsored or maintained by New Hertz Holdings, any member of the Hertz Group, HERC Holdings or any member of the HERC Holdings Group on the part of any New Hertz Holdings Employee, HERC Holdings Employee or Former Employee.
(e)    No Expansion of Participation.  Unless otherwise expressly provided in this Agreement, as otherwise determined or agreed to by New Hertz Holdings and HERC Holdings, as required by applicable Law, or as explicitly set forth in (i) a New Hertz Holdings Benefit Plan, a New Hertz Holdings Employee or Former New Hertz Holdings Employee shall be entitled to participate in a New Hertz Holdings Benefit Plan at the Distribution Date only to the extent that such New Hertz Holdings Employee or Former New Hertz Holdings Employee was entitled to participate in the corresponding Benefit Plan as in effect immediately prior to the Distribution Date, or (ii) a HERC Holdings Benefit Plan, a HERC Holdings Employee or Former HERC Holdings Employee shall be entitled to participate in a HERC Holdings Benefit Plan at the Distribution Date only to the extent that such HERC Holdings Employee or Former HERC Holdings Employee was entitled to participate in the corresponding Benefit Plan as in effect immediately prior to the Distribution Date; it being understood that this Agreement does not expand the number of New Hertz Holdings Employees, HERC Holdings Employees, or Former Employees entitled to participate in any New Hertz Holdings Benefit Plan or HERC Holdings Benefit Plan, as applicable, or the participation rights therein that they had prior to the Distribution Date.
(f)    Transition Services.  The Parties acknowledge that the Hertz Group or the HERC Holdings Group may provide administrative services for certain of the other Party’s Benefit Plans for a transitional period under the terms of the Transition Services Agreement.  The Parties agree to enter into a business associate agreement in connection with such Transition Services Agreement (if required by HIPAA or other applicable health information privacy Laws).  
(g)    Beneficiaries.  References to New Hertz Holdings Employees, HERC Holdings Employees, Former Employees, New Hertz Holdings Non-Employee Directors, HERC Holdings Non-Employee Directors and Old Hertz Holdings Non-Employee Directors shall be deemed also to refer to their beneficiaries, dependents, survivors and alternate payees, as applicable.

Section 2.04    New Hertz Holdings Individual Agreements.
(a)    General Principle.  Subject to the other provisions of Section 2.04 and 2.05, effective as of the Distribution, New Hertz Holdings shall, or shall cause one or more members of the Hertz Group to perform, discharge and fulfill all Employment Agreements relating to any New Hertz Holdings Employees or Former New Hertz Holdings Employees.

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(b)    Assignment to New Hertz Holdings.  Old Hertz Holdings hereby assigns, and shall cause each other applicable member of the HERC Holdings Group to assign, to New Hertz Holdings or another member of the Hertz Group, as designated by New Hertz Holdings, all Transferred New Hertz Holdings Individual Agreements (and any corporate owned life insurance policy underlying any such agreement), with such assignment to be effective as of or prior to the Distribution Date; provided, however, that to the extent that assignment of any such Transferred New Hertz Holdings Individual Agreement is not permitted by the terms of such agreement or by applicable Law, effective as of the Distribution Date, each member of the Hertz Group shall be considered to be a successor to Old Hertz Holdings and/or the applicable member(s) of the HERC Holdings Group for purposes of, and a third-party beneficiary with respect to, such Transferred New Hertz Holdings Individual Agreement, such that the applicable members of the Hertz Group shall enjoy all of the rights and benefits under such agreement (including rights and benefits as a third-party beneficiary) with respect to the business operations of the Hertz Group.  
(c)    Assumption by New Hertz Holdings.  From and after the Distribution Date, New Hertz Holdings shall accept, assume and faithfully perform, discharge and fulfill the Transferred New Hertz Holdings Individual Agreements.

Section 2.05    HERC Holdings Individual Agreements.  
(a)    General Principle.  Subject to the other provisions of Section 2.04 and 2.05, effective as of the Distribution, HERC Holdings shall, or shall cause one or more members of the HERC Holdings Group to perform, discharge and fulfill all Employment Agreements relating to any HERC Holdings Employees or Former HERC Holdings Employees.
(b)    Assignment to HERC Holdings.  New Hertz Holdings hereby assigns, and shall cause each other applicable member of the Hertz Group to assign, to HERC Holdings or another member of the HERC Holdings Group, as designated by HERC Holdings, all Transferred HERC Holdings Individual Agreements (and any corporate owned life insurance policy underlying any such agreement), with such assignment to be effective as of or prior the Distribution Date; provided, however, that to the extent that assignment of any such Transferred HERC Holdings Individual Agreement is not permitted by the terms of such agreement or by applicable Law, effective as of the Distribution Date, each member of the HERC Holdings Group shall be considered to be a successor to New Hertz Holdings and/or the applicable member(s) of the Hertz Group for purposes of, and a third-party beneficiary with respect to, such Transferred HERC Holdings Individual Agreement, such that the applicable members of the HERC Holdings Group shall enjoy all of the rights and benefits under such agreement (including rights and benefits as a third-party beneficiary) with respect to the business operations of the HERC Holdings Group. 
(c)    Assumption by HERC Holdings.  From and after the Distribution Date, HERC Holdings shall accept, assume and faithfully perform, discharge and fulfill the Transferred HERC Holdings Individual Agreements.

Section 2.06    Collective Bargaining Agreements.  Effective as of the Distribution Date, (a) New Hertz Holdings or a member of the Hertz Group will retain or assume each collective 

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bargaining agreement then in effect covering New Hertz Holdings Employees and Former New Hertz Holdings Employees (the “New Hertz Holdings Collective Bargaining Agreements”), including any obligations thereunder requiring contributions to any multiemployer plan within the meaning of Section 4001(a)(3) of ERISA, and (b) HERC Holdings or a member of the HERC Holdings Group will retain or assume each collective bargaining agreement then in effect covering HERC Holdings Employees and Former HERC Holdings Employees (the “HERC Holdings Collective Bargaining Agreements”), including any obligations thereunder requiring contributions to any multiemployer plan within the meaning of Section 4001(a)(3) of ERISA.  

         Article III     
 
EMPLOYEES

Section 3.01    Active Employees.
(a)    Hertz Group.  Except as otherwise set forth in this Agreement or as otherwise agreed to by the Parties, effective not later than immediately prior to the Distribution, New Hertz Holdings or a member of the Hertz Group shall have taken such actions as are necessary to ensure that each New Hertz Holdings Employee is employed by a member of the Hertz Group.  Each of the Parties agrees to take any action or to execute, and to seek to have the applicable employees execute, such documentation, if any, as may be necessary to reflect such assignments and transfers.    
(b)    HERC Holdings Group.  Except as otherwise set forth in this Agreement or as otherwise agreed to by the Parties, effective not later than immediately prior to the Distribution, HERC Holdings or a member of the HERC Holdings Group shall have taken such actions as are necessary to ensure that each HERC Holdings Employee is employed by a member of the HERC Holdings Group.  Each of the Parties agrees to take any action or to execute, and to seek to have the applicable employees execute, such documentation, if any, as may be necessary to reflect such assignments and transfers.  
(c)    At Will Employment.  Notwithstanding the above or any other provision of this Agreement, nothing in this Agreement shall create any obligation on the part of any member of the Hertz Group or the HERC Holdings Group to continue the employment of any employee for any period of time following the Distribution or to change the employment status of any employee from “at will,” to the extent such employee is an “at will” employee under applicable Law.
(d)    No Severance.  Except as provided under applicable Law, the Distribution and the assignment, transfer or continuation of the employment of employees in connection therewith shall not be deemed a severance or termination of employment of any employee for purposes of any plan, policy, practice or arrangement of any member of the Hertz Group or the HERC Holdings Group.
(e)    Payroll and Related Taxes.  Each of New Hertz Holdings and HERC Holdings shall, and shall cause each of its Subsidiaries, to (i) satisfy all payroll obligations, tax 

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withholding and reporting obligations, and (ii) furnish a Form W-2 or similar earnings statement, with respect to any current or former employee, to the extent (and for such period) that any current or former employee was employed by the Party at any time during the tax year during which the Distribution occurs.  New Hertz Holdings will, to the extent provided in the Transition Services Agreement, provide payroll, tax withholding and reporting services in accordance with the terms of the Transition Services Agreement.   

Section 3.02    Former Employees. 
(a)    General Principle.  Except as otherwise provided in this Agreement, each former employee of the Hertz Group or the HERC Holdings Group as of the time of the Distribution will be considered a former employee of the business as to which his or her duties were primarily related as of the last day of his or her employment.    
(b)    Former HERC Holdings Employees.  Former employees of the HERC Holdings Group as of the time of the Distribution shall be deemed to include all former employees who (i) are listed on Schedule 3.02(b), and (ii) to the extent not listed on either Schedule 3.02(b) or Schedule 3.02(c), had employment duties primarily related to the Equipment Rental Business as of their last day of employment with New Hertz Holdings, HERC Holdings or their respective Affiliates, as applicable (collectively, the “Former HERC Holdings Employees”).  
(c)    Former New Hertz Holdings Employees.  Former employees of the Hertz Group as of the time of the Distribution shall be deemed to include all former employees who (i) are listed on Schedule 3.02(c), and (ii) to the extent not listed on either Schedule 3.02(b) or Schedule 3.02(c), had employment duties primarily related to the Car Rental Business as of their last day of employment with New Hertz Holdings, HERC Holdings or their respective Affiliates, as applicable (collectively, the “Former New Hertz Holdings Employees”).  For avoidance of doubt, to the extent a former employee is not listed on either Schedule 3.02(b) or Schedule 3.02(c), and such individual had, as of their last day of employment with New Hertz Holdings, HERC Holdings or their respective Affiliates, as applicable, corporate office employment duties that related to both the Car Rental Business and the Equipment Rental Business, then such former employee shall be a Former New Hertz Holdings Employee.  
(d)    Former Employees.  Former New Hertz Holdings Employees and Former HERC Holdings Employees are collectively referred to as “Former Employees”.  

Section 3.03    Employment Law Obligations.  
(a)    General Obligations.  From and after the Distribution, (i) the members of the Hertz Group shall be responsible for adopting and maintaining any policies or practices, and for all other actions and inactions, necessary to comply with employment related laws and requirements relating to the employment of the New Hertz Holdings Employees and the treatment of the Former New Hertz Holdings Employees, and (ii) the members of the HERC Holdings Group shall be responsible for adopting and maintaining any policies or practices, and for all other actions and inactions, necessary to comply with employment related laws and 

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requirements relating to the employment of the HERC Holdings Employees and the treatment of the Former HERC Holdings Employees.  
(b)    WARN Obligations.  The Parties anticipate and expect that neither the Distribution nor the assignment of, transfer of, or any other action concerning, the employment of any employee will result in a loss of employment within the meaning of WARN.  Without limiting the scope of the foregoing, after the Distribution, (i) the members of the Hertz Group shall be responsible for providing any necessary WARN notice and satisfying WARN obligations with respect to any termination of employment of any New Hertz Holdings Employee that occurs after the Distribution, and (ii) the members of the HERC Holdings Group shall be responsible for providing any necessary WARN notice and satisfying WARN obligations with respect to any termination of employment of any HERC Holdings Employee that occurs after the Distribution.  
(c)    Allocation of Employment Liabilities.  Except as otherwise provided in Section 12.07 or as otherwise specifically provided in this Agreement, (i) the members of the Hertz Group shall be solely liable for, and no member of the HERC Holdings Group shall have any obligation or Liability with respect to, any employment-related claims and Liabilities regarding New Hertz Holdings Employees and Former New Hertz Holdings Employees relating to, arising out of, or resulting from the prospective employment or service, actual employment or service and/or termination of employment or service, in any case, of such individual(s) with New Hertz Holdings, HERC Holdings or any of their respective Affiliates, whether the basis for such claims arose before, as of or after the Distribution Date, and (ii) the members of the HERC Holdings Group shall be solely liable for, and no member of the Hertz Group shall have any obligation or Liability with respect to, any employment-related claims and Liabilities regarding HERC Holdings Employees and Former HERC Holdings Employees relating to, arising out of, or resulting from the prospective employment or service, actual employment or service and/or termination of employment or service, in any case, of such individual(s) with New Hertz Holdings, HERC Holdings or any of their respective Affiliates, whether the basis for such claims arose before, as of, or after the Distribution Date.  

Section 3.04    Employee Records.  
(a)    Sharing of Records.  To the extent consistent with applicable privacy protection laws or regulations, each Party shall use its best efforts to provide the other Parties with such Employee Records and information as may be necessary or appropriate for such other Party to carry out its obligations under applicable Law, this Agreement, the Separation Agreement or the Transition Services Agreement, or for the purposes of administering its Benefit Plans and policies.  Subject to applicable Law, all information and Employee Records regarding employment and personnel matters of (i) New Hertz Holdings Employees and Former New Hertz Holdings Employees shall be accessed, retained, held, used, copied and transmitted after the Distribution by New Hertz Holdings in accordance with all laws and policies relating to the collection, storage, retention, use, transmittal, disclosure and destruction of such records and (ii) HERC Holdings Employees and Former HERC Holdings Employees shall be accessed, retained, held, used, copied and transmitted after the Distribution by HERC Holdings in accordance with all laws and policies relating to the collection, storage, retention, use, transmittal, disclosure and 

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destruction of such records.  Subject to the Transition Services Agreement, the Parties shall reimburse each other for any reasonable costs incurred in copying or transmitting any records requested pursuant to this Section 3.04.  
(b)    Access to Records.  Notwithstanding anything in this Agreement to the contrary, New Hertz Holdings shall be entitled to reasonable access to those Employee Records retained by HERC Holdings necessary for New Hertz Holdings’ continued administration of any plans or programs (or as otherwise required by applicable Law) on behalf of employees after the Distribution, and HERC Holdings shall be entitled to reasonable access to those Employee Records retained by New Hertz Holdings necessary for HERC Holding’s continued administration of any plans or programs (or as otherwise required by applicable Law) on behalf of employees after the Distribution, provided that, in each case, such access shall be limited to individuals who have a job related need to access such Employee Records.  New Hertz Holdings shall be entitled to retain copies of all restrictive covenant agreements with any HERC Holdings Employee or Former HERC Holdings Employee in which New Hertz Holdings has a valid business interest.  HERC Holdings shall be entitled to retain copies of all restrictive covenant agreements with any New Hertz Holdings Employee or Former New Hertz Holdings Employee in which HERC Holdings has a valid business interest.
(c)    Maintenance of Employee Records.  With respect to retaining, destroying, transferring, sharing, copying and permitting access to all such information, New Hertz Holdings and HERC Holdings shall each comply with all applicable Laws, regulations and internal policies, and each Party shall indemnify and hold harmless the other Party from and against any and all liability, claims, actions, and damages that arise from a failure (by the indemnifying party or its agents) to so comply with all applicable Laws, regulations and internal policies applicable to such information.
(d)    No Access to Computer Systems.  Except as set forth in the Separation Agreement or the Transition Services Agreement, no provision of this Agreement shall give either Party direct access to the computer systems of the other Party, unless specifically permitted by the owner of such systems.
(e)    Relation to Separation Agreement.  The provisions of this Section 3.04 shall be in addition to, and not in derogation of, the provisions of the Separation Agreement governing Confidential Information and access to and use of employees, information and records.
(f)    Confidentiality.  Except as otherwise set forth in this Agreement, all Employee Records and data relating to employees shall, in each case, be subject to the confidentiality provisions of the Separation Agreement.
(g)    Cooperation.  Each member of the Hertz Group and HERC Holdings Group shall use commercially reasonable efforts to share, retain and maintain data and Employee Records that are necessary or appropriate to further the purposes of this Section 3.04 and for each other to administer their respective Benefit Plans to the extent consistent with this Agreement and applicable Law.  Except as provided under the Transition Services Agreement, neither New Hertz 

17

Holdings nor HERC Holdings shall charge the other any fee for such cooperation.  The Parties agree to cooperate as long as is reasonably necessary to further the purposes of this Section 3.04.

Section 3.05    No-Hire and Non-Solicitation.  Each Party agrees that, for a period of twelve (12) months from the Distribution, such Party shall not hire or solicit for employment any individual who is an employee of the other Party or any member of the other Party’s Group; provided, however, that, nothing in this Section 3.05 shall be construed to (i) prohibit the hiring by either Party of any employee of the other Party or any member of the other Party’s Group who initiated contact for the purpose of seeking employment without prior contact initiated by any employee or agent of the hiring Party, or (ii) prohibit the hiring of any person who applied for employment with either Party in response to any public advertising medium.  For the avoidance of doubt, the restrictions under this Section 3.05 shall not apply to Former Employees whose most recent employment with New Hertz Holdings, HERC Holdings or their respective Affiliates was terminated prior to the Distribution.

         Article IV     
 
EQUITY AWARDS 

Section 4.01    General Principles.
(a)    New Hertz Holdings and HERC Holdings shall take any and all reasonable actions as shall be necessary and appropriate to further the provisions of this Article IV, including, to the extent practicable, providing written notice or similar communication to each individual who holds one or more awards granted under the Old Hertz Holdings Equity Plans informing such individual of (i) the actions contemplated by this Article IV with respect to such awards and (ii) whether (and during what time period) any “blackout” period shall be imposed upon holders of awards granted under the Old Hertz Holdings Equity Plans during which time awards may not be exercised or settled, as the case may be.
(b)    No award described in this Article IV, whether outstanding or to be issued, adjusted, substituted, assumed, converted or cancelled by reason of or in connection with the Distribution, shall be issued, adjusted, substituted, assumed, converted or cancelled until in the judgment of the administrator of the applicable plan or program such action is consistent with all applicable Laws, including federal securities Laws.  Any period of exercisability will not be extended on account of a period during which such an award is not exercisable pursuant to the preceding sentence.
(c)     Notwithstanding anything to the contrary in this Section 4.01, at any time prior to the Distribution, the compensation committee of the Old Hertz Holdings Board (the “Old Hertz Holdings Compensation Committee”) may provide for different adjustments with respect to some or all Old Hertz Holdings Equity Awards to the extent that the Old Hertz Holdings Compensation Committee deems such adjustments necessary and appropriate.  Any adjustments made by the Old Hertz Holdings Compensation Committee pursuant to the foregoing sentence shall be effective immediately prior to the Distribution (or such other time determined by the Old Hertz Holdings Compensation Committee), and shall be deemed incorporated by reference 

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herein as if fully set forth below and shall be binding on the Parties and their respective Affiliates.   

Section 4.02    Establishment of Equity Incentive Plans.  Prior to the Distribution, (a) New Hertz Holdings shall establish an equity incentive plan for the benefit of eligible New Hertz Holdings Employees and New Hertz Holdings Non-Employee Directors that is substantially similar to the Old Hertz Holdings Equity Plans (the “New Hertz Holdings Spinoff Equity Plan”) and (b) thereafter and prior to the Distribution, Old Hertz Holdings, as the sole stockholder of New Hertz Holdings, shall approve the New Hertz Holdings Spinoff Equity Plan. 

Section 4.03    Treatment of Outstanding Equity Incentive Awards.  
(a)    Old Hertz Holdings RSUs.  
(i)    HERC Holdings Employees, Former HERC Holdings Employees, and HERC Holdings Non-Employee Directors.  Each Old Hertz Holdings RSU that is outstanding as of immediately prior to the Distribution and held by a HERC Holdings Employee, a Former HERC Holdings Employee or a HERC Holdings Non-Employee Director, shall be adjusted by multiplying the number of RSUs subject to such Old Hertz Holdings RSU by the HERC Holdings Share Ratio (each such adjusted Old Hertz Holdings RSU, an “Adjusted HERC Holdings RSU”).  If the resulting product includes a fractional RSU, the number of RSUs subject to such Adjusted HERC Holdings RSU shall be rounded down to the nearest whole RSU.  Each Adjusted HERC Holdings RSU shall be subject to substantially the same terms and conditions (including, as applicable, with respect to service vesting) immediately after the Distribution as were applicable to the corresponding Old Hertz Holdings RSU immediately prior to the Distribution (except as otherwise provided herein).   
(ii)    New Hertz Holdings Employees, Former New Hertz Holdings Employees, and New Hertz Holdings Non-Employee Directors.  Each Old Hertz Holdings RSU that is outstanding as of immediately prior to the Distribution and held by a New Hertz Holdings Employee, a Former New Hertz Holdings Employee or a New Hertz Holdings Non-Employee Director, shall be converted as of the Distribution into an RSU of New Hertz Holdings (each such award, a “New Hertz Holdings Spin RSU”), with the number of RSUs subject to each such New Hertz Holdings Spin RSU to be set at a number equal to the product of (A) the number of RSUs subject to the corresponding Old Hertz Holdings RSU immediately prior to the Distribution multiplied by (B) the New Hertz Holdings Share Ratio, with any fractional RSU rounded down to the nearest whole RSU.  Each New Hertz Holdings Spin RSU shall otherwise be subject to substantially the same terms and conditions (including, as applicable, with respect to service vesting) immediately after the Distribution as were applicable to the corresponding Old Hertz Holdings RSU immediately prior to the Distribution (except as otherwise provided herein).  
(b)    Old Hertz Holdings PSUs. 

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(i)    HERC Holdings Employees and Former HERC Holdings Employees.  Each Old Hertz Holdings PSU that is outstanding as of immediately prior to the Distribution and held by a HERC Holdings Employee or a Former HERC Holdings Employee shall be adjusted by multiplying the number of PSUs subject to such Old Hertz Holdings PSU by the HERC Holdings Share Ratio (each such adjusted Old Hertz Holdings PSU, an “Adjusted HERC Holdings PSU”).  If the resulting product includes a fractional PSU, the number of PSUs subject to such Adjusted HERC Holdings PSU shall be rounded down to the nearest whole PSU.  The performance goals for such Adjusted HERC Holdings PSUs shall consist of the performance goals applicable to the Old Hertz Holdings PSUs, as adjusted in the manner established by the Old Hertz Holdings Compensation Committee and otherwise in compliance with the Old Hertz Holdings Equity Plans and any applicable award agreement.  Subject to the forgoing, each Adjusted HERC Holdings PSU shall be subject to substantially the same terms and conditions (including, as applicable, with respect to service vesting and performance vesting) immediately after the Distribution as were applicable to the corresponding Old Hertz Holdings PSU immediately prior to the Distribution (except as otherwise provided herein).  
(ii)    New Hertz Holdings Employees and Former New Hertz Holdings Employees. Each Old Hertz Holdings PSU that is outstanding as of immediately prior to the Distribution and held by a New Hertz Holdings Employee or a Former New Hertz Holdings Employee shall be converted as of the Distribution into a PSU of New Hertz Holdings (each such award, a “New Hertz Holdings Spin PSU”), with the number of PSUs subject to each such New Hertz Holdings Spin PSU to be set at a number equal to the product of (A) the number of PSUs subject to the corresponding Old Hertz Holdings PSU immediately prior to the Distribution multiplied by (B) the New Hertz Holdings Share Ratio, with any fractional PSU rounded down to the nearest whole PSU.  The performance goals for such New Hertz Holdings Spin PSUs shall consist of the performance goals applicable to the Old Hertz Holdings PSUs, as adjusted in the manner established by the Old Hertz Holdings Compensation Committee and otherwise in compliance with the Old Hertz Holdings Equity Plans and any applicable award agreement.  Subject to the foregoing, each New Hertz Holdings Spin PSU shall otherwise be subject to substantially the same terms and conditions (including, as applicable, with respect to service vesting and performance vesting) immediately after the Distribution as were applicable to the corresponding Old Hertz Holdings PSU immediately prior to the Distribution (except as otherwise provided herein).
(c)    Old Hertz Holdings Options.  
(i)    HERC Holdings Employees and Former HERC Holdings Employees.  Each Old Hertz Holdings Option that is outstanding as of immediately prior to the Distribution and held by a HERC Holdings Employee or a Former HERC Holdings Employee shall remain an option to purchase HERC Holdings Shares (each such option, an “Adjusted HERC Holdings Option”), with exercise price and the number of HERC Holdings Shares subject to the Adjusted HERC Holdings Option adjusted as follows: 

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(x)  the per-share exercise price of each such Adjusted HERC Holdings Option shall be equal to the product of (A) the per-share exercise price of the corresponding Old Hertz Holdings Option immediately prior to the Distribution multiplied by (B) the HERC Holdings Price Ratio, rounded up to the nearest whole cent; and
(y) the number of HERC Holdings Shares subject to each such Adjusted HERC Holdings Option shall be equal to the product of (A) the number of Old Hertz Holdings Shares subject to the corresponding Old Hertz Holdings Option immediately prior to the Distribution multiplied by (B) the HERC Holdings Share Ratio, with any fractional share rounded down to the nearest whole share.   
The performance goals for any such Adjusted HERC Holdings Options that are subject to performance goals shall consist of the performance goals applicable to the Old Hertz Holdings Options, as adjusted in the manner established by the Old Hertz Holdings Compensation Committee and otherwise in compliance with the Old Hertz Holdings Equity Plans and any applicable award agreement.  Subject to the foregoing, each Adjusted HERC Holdings Option shall otherwise be subject to substantially the same terms and conditions (including, as applicable, with respect to service vesting and option expiration) immediately after the Distribution as were applicable to the corresponding Old Hertz Holdings Option immediately prior to the Distribution (except as otherwise provided herein).
(ii)    New Hertz Holdings Employees and Former New Hertz Holdings Employees.  Each Old Hertz Holdings Option that is outstanding as of immediately prior to the Distribution and held by a New Hertz Holdings Employee, a Former New Hertz Holdings Employee, a New Hertz Holdings Non-Employee Director, or a Former Old Hertz Holdings Non-Employee Director shall be converted as of the Distribution into an option to purchase New Hertz Holdings Shares (each such option, a “New Hertz Holdings Spin Option”), with the exercise price and the number of New Hertz Holdings Shares subject to the New Hertz Holdings Spin Option adjusted as follows: 
(x) the per-share exercise price of each such New Hertz Holdings Spin Option shall be equal to the product of (A) the per-share exercise price of the corresponding Old Hertz Holdings Option immediately prior to the Distribution multiplied by (ii) the New Hertz Holdings Price Ratio, rounded up to the nearest whole cent; and
(y) the number of New Hertz Holdings Shares subject to each such New Hertz Holdings Spin Option shall be equal to the product of (A) the number of Old Hertz Holdings Shares subject to the corresponding Old Hertz Holdings Option immediately prior to the Distribution multiplied by (B) the New Hertz Holdings Share Ratio, with any fractional share rounded down to the nearest whole share.  

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The performance goals for any such New Hertz Holdings Spin Options that are subject to performance goals shall consist of the performance goals applicable to the Old Hertz Holdings Options, as adjusted in the manner established by the Old Hertz Holdings Compensation Committee and otherwise in compliance with the Old Hertz Holdings Equity Plan and any applicable award agreements.  Subject to the foregoing, each New Hertz Holdings Spin Option shall otherwise be subject to substantially the same terms and conditions (including, as applicable, with respect to service vesting and option expiration) immediately after the Distribution as were applicable to the corresponding Old Hertz Holdings Option immediately prior to the Distribution (except as otherwise provided herein).
(d)    Old Hertz Holdings Phantom Shares Held By Non-Employee Directors.  
(i)    Each Old Hertz Holdings Phantom Share that is outstanding as of immediately prior to the Distribution and held by a HERC Holdings Non-Employee Director, shall be adjusted by multiplying the number of Phantom Shares subject to such Old Hertz Holdings Phantom Share by the HERC Holdings Share Ratio (each such adjusted Old Hertz Holdings Phantom Share, an “Adjusted HERC Holdings Phantom Share”).  If the resulting product includes a fractional Phantom Share, the number of Phantom Shares subject to such Adjusted HERC Holdings Phantom Share shall be rounded down to the nearest whole Phantom Share.  Each Adjusted HERC Holdings Phantom Share shall be settled immediately after the Distribution in accordance with its terms.
(ii)    Each Old Hertz Holdings Phantom Share that is outstanding as of immediately prior to the Distribution and held by a New Hertz Holdings Non-Employee Director, shall be converted as of the Distribution into a Phantom Share of New Hertz Holdings (each such award, a “New Hertz Holdings Spin Phantom Share”), with the number of Phantom Shares subject to each such New Hertz Holdings Spin Phantom Share to be set at a number equal to the product of (A) the number of Phantom Shares subject to the corresponding Old Hertz Holdings Phantom Share immediately prior to the Distribution multiplied by (B) the New Hertz Holdings Share Ratio, with any fractional Phantom Share rounded down to the nearest whole Phantom Share.  Each New Hertz Holdings Spin Phantom Share shall be settled immediately after the Distribution in accordance with its terms.  
(e)    Miscellaneous Award Terms.  
(i)    For the avoidance of doubt, neither the Separation nor the Distribution shall constitute a termination of employment (or service) for any employee (or non-employee director) for purposes of any New Hertz Holdings Award or any HERC Holdings Award.  
(ii)    For any New Hertz Holdings Award granted under this Section 4.03, and without limiting Sections 12.10 and 12.11, any reference to a “change in control,” “change of control” or similar definition in an award agreement shall refer to a “Change 

22

of Control” as set forth in the New Hertz Holdings Spinoff Equity Plan (as such definition may be adjusted by the applicable award agreement).
(iii)    Nothing in this Agreement shall be construed to limit the Old Hertz Holdings Compensation Committee from equitably adjusting Old Hertz Holdings Equity Awards pursuant to its powers under the Old Hertz Holdings Equity Plans and applicable award agreements.  

Section 4.04    Section 16(b) of the Exchange Act.  By approving the adoption of this Agreement, the respective Boards of Directors of each of New Hertz Holdings and HERC Holdings intend to exempt from the short-swing profit recovery provisions of Section 16(b) of the Exchange Act, by reason of the application of Rule 16b-3 thereunder, all acquisitions and dispositions of equity incentive awards by directors and officers of each of New Hertz Holdings and HERC Holdings, and the respective Boards of Directors of New Hertz Holdings and HERC Holdings also intend expressly to approve, in respect of any equity-based award, the use of any method for the payment of an exercise price and the satisfaction of any applicable Tax withholding (specifically including the actual or constructive tendering of shares in payment of an exercise price and the withholding of option shares from delivery in satisfaction of applicable Tax withholding requirements) to the extent such method is permitted under the Old Hertz Holdings Equity Plans, New Hertz Holdings Spinoff Equity Plan and any award agreements, as applicable. 

Section 4.05    Liabilities for Settlement of Awards.  Except as provided for pursuant to Section 4.07, from and after the Distribution (a) New Hertz Holdings (or one or more members of the Hertz Group so designated) shall be responsible for all Liabilities associated with New Hertz Holdings Awards, including any option exercise, share delivery, registration or other obligations related to the exercise, vesting or settlement of the New Hertz Holdings Awards and (b) HERC Holdings shall be responsible for all Liabilities associated with HERC Holdings Awards, including any option exercise, share delivery, registration or other obligations related to the exercise, vesting or settlement of the HERC Holdings Awards.

Section 4.06    Form S-8.  Prior to, upon or as soon as reasonably practicable after the Distribution Date and subject to applicable Law, New Hertz Holdings shall prepare and file with the U.S. Securities and Exchange Commission one or more registration statements on Form S-8 (or another appropriate form) registering under the Securities Act of 1933, as amended, the offering of a number of shares of New Hertz Holdings Common Stock at a minimum equal to the number of shares that are or may be subject to New Hertz Holdings Awards.  New Hertz Holdings shall use commercially reasonable efforts to cause any such registration statement to be kept effective (and the current status of the prospectus or prospectuses required thereby to be maintained) as long as any New Hertz Holdings Awards remain outstanding.  

Section 4.07    Tax Reporting and Withholding for Equity‐Based Awards.  The HERC Holdings Group will be responsible for all income, payroll, or other tax reporting related to income of HERC Holdings Employees or Former HERC Holdings Employees from equity-based awards, and New Hertz Holdings (or another member of the Hertz Group) will be responsible for all income, payroll, or other tax reporting related to income of New Hertz Holdings Employees 

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or Former New Hertz Holdings Employees from equity-based awards.  Similarly, the HERC Holdings Group will be responsible for all income, payroll, or other tax reporting related to income of HERC Holdings Non-Employee Directors from equity-based awards, and New Hertz Holdings or another member of the Hertz Group will be responsible for all income, payroll, or other tax reporting related to income of New Hertz Holdings Non-Employee Directors from equity-based awards.  Further, HERC Holdings (or another member of the HERC Holdings Group) shall be responsible for remitting applicable tax withholdings for HERC Holdings Employees and Former HERC Holdings Employees to each applicable taxing authority, and New Hertz Holdings (or another member of the Hertz Group) shall be responsible for remitting applicable tax withholdings for New Hertz Holdings Employees and Former New Hertz Holdings Employees to each applicable taxing authority.  

Section 4.08    Cooperation.  Each of the Parties shall properly administer (i) exercises of vested Adjusted HERC Holdings Options and New Hertz Holdings Spin Options, (ii) the vesting and forfeiture of other unvested HERC Holdings Awards and New Hertz Holdings Awards, and (iii) the withholding and reporting requirements with respect to all awards.  Each of the Parties shall cooperate with the other to unify and consolidate all indicative data and payroll and employment information on regular timetables and to ensure that each applicable Person’s data and records in respect of such awards are correct and updated on a timely basis.  The foregoing shall include employment status and information required for vesting and forfeiture of awards and tax withholding/remittance, compliance with trading windows and compliance with the requirements of the Exchange Act and other applicable Laws.

Section 4.09    Old Hertz Holdings Equity Awards in Certain Non-U.S. Jurisdictions.  Notwithstanding the provisions of Section 4.03, the Parties may mutually agree, in their sole discretion, not to adjust certain outstanding Old Hertz Holdings Equity Awards held by non-U.S. award holders pursuant to the provisions of Section 4.03, where those actions would create or trigger adverse legal, accounting or tax consequences for Old Hertz Holdings, HERC Holdings, New Hertz Holdings, and/or the affected non-U.S. award holders.  In such circumstances, Old Hertz Holdings, HERC Holdings and/or New Hertz Holdings may take any action necessary or advisable to prevent any such adverse legal, accounting or tax consequences, including, but not limited to, agreeing that the outstanding Old Hertz Holdings Equity Awards of the affected non-U.S. award holders shall terminate in accordance with the terms of the Old Hertz Holdings Equity Plans and the underlying award agreements, in which case New Hertz Holdings, HERC Holdings or Old Hertz Holdings, as applicable, shall equitably compensate the affected non-U.S. award holders in an alternate manner determined by New Hertz Holdings, HERC Holdings, or Old Hertz Holdings, as applicable, in its sole discretion, or apply an alternate adjustment method.  Where and to the extent required by applicable Law or tax considerations outside the United States, the adjustments described in this Section 4.09 shall be deemed to have been effectuated immediately prior to the Distribution.     

Article V     
 
CERTAIN U.S. WELFARE BENEFIT MATTERS

Section 5.01    Establishment of HERC Holdings Spinoff Welfare Plans.

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(a)    On or prior to the first day of the 2016 Plan Year, and subject to Sections 5.01(b) and 5.05, HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, establish and adopt Welfare Plans for the 2016 Plan Year that will provide welfare benefits to each eligible HERC Holdings Employee and Former HERC Holdings Employee who is, as of immediately prior to the first day of the 2016 Plan Year, eligible for or a participant in any of the New Hertz Holdings Welfare Plans (and their eligible spouses and dependents, as the case may be) (the “HERC Holdings Spinoff Welfare Participants”) under terms and conditions that are comparable to the New Hertz Holdings Welfare Plans (the “HERC Holdings Spinoff Welfare Plans”).  Subject to any changes made by a HERC Holdings Spinoff Welfare Participant during annual enrollment for the 2016 Plan Year (or as otherwise permitted under the terms of the HERC Holdings Spinoff Welfare Plans), coverage and benefits that were provided under the New Hertz Holdings Welfare Plans shall then be provided to the HERC Holdings Spinoff Welfare Participants on an uninterrupted basis under the newly established HERC Holdings Spinoff Welfare Plans.  As of the first day of the 2016 Plan Year, the HERC Holdings Spinoff Welfare Plans shall contain the terms and conditions set by New Hertz Holdings for the HERC Holdings Spinoff Welfare Plans prior to the 2016 Plan Year.  HERC Holdings Spinoff Welfare Participants shall cease to be eligible for coverage under the New Hertz Holdings Welfare Plans on and after the first day of the 2016 Plan Year (unless specifically eligible to do so pursuant to the terms of the New Hertz Holdings Welfare Plan, provided that such eligibility shall cease no later than the Distribution).  For the avoidance of doubt, HERC Holdings Employees and Former HERC Holdings Employees shall not participate in any New Hertz Holdings Welfare Plans on and after the first day of the 2016 Plan Year (unless specifically eligible to do so pursuant to the terms of the New Hertz Holdings Welfare Plan, provided that such eligibility shall cease no later than the Distribution), and New Hertz Holdings Employees and Former New Hertz Holdings Employees shall not participate in any HERC Holdings Spinoff Welfare Plans at any time (unless specifically eligible to do so pursuant to the terms of the HERC Holdings Spinoff Welfare Plan, provided that such eligibility shall cease no later than the Distribution).  From and after the first day of the 2016 Plan Year, the HERC Holdings Group shall be exclusively responsible for all obligations and Liabilities with respect to the HERC Holdings Spinoff Welfare Plans and the Hertz Group shall be exclusively responsible for all obligations and Liabilities with respect to the New Hertz Holdings Welfare Plans.  For avoidance of doubt, this Section 5.01 shall be construed and interpreted in the same manner whether the Distribution occurs before, on or after the first day of the 2016 Plan Year; provided, further, that in the event the Distribution occurs on or after the first day of the 2016 Plan Year, references in this Section 5.01 to a “HERC Holdings Employee” or “Former HERC Holdings Employee” shall mean, solely for the period of the 2016 Plan Year prior to the Distribution and solely for the purpose of determining whether an individual is a “HERC Holdings Spinoff Welfare Participant,” any individual who is designated by Old Hertz Holdings as eligible for a HERC Holdings Spinoff Welfare Plan.         
(b)    Nothing in this Section 5.01 shall prohibit New Hertz Holdings from making coverage or benefit changes affecting the New Hertz Holdings Welfare Plans or the HERC Holdings Spinoff Welfare Plans in connection with the beginning of the 2016 Plan Year, as otherwise determined by New Hertz Holdings prior to such date. 

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(c)    Except as otherwise specifically set forth in this Agreement, New Hertz Holdings (or one or more members of the Hertz Group so designated) shall retain Liability and responsibility in accordance with the applicable New Hertz Holdings Welfare Plan for all reimbursement claims (such as medical and dental claims) for expenses incurred and for all non-reimbursement claims (such as life insurance claims) incurred by participants (and their dependents and beneficiaries), including any HERC Holdings Spinoff Welfare Participants, under such plans prior to the first day of the 2016 Plan Year.  HERC Holdings shall retain Liability and responsibility in accordance with the HERC Holdings Spinoff Welfare Plans for all reimbursement claims (such as medical and dental claims) for expenses incurred and for all non-reimbursement claims (such as life insurance claims) incurred by participants (and their dependents and beneficiaries), including HERC Holdings Employees and Former HERC Holdings Employees (and their dependents and beneficiaries), under such plans for the 2016 Plan Year and after.  For purposes of this Section 5.01(c), a benefit claim shall be deemed to be incurred when the event giving rise to the benefit under the applicable Welfare Plan has occurred as set forth in the governing plan documents, if it is clear based on the governing documents of both the New Hertz Holdings Welfare Plan and the HERC Holdings Spinoff Welfare Plans which plan should be responsible for the claim or, if not, as follows: (i) health, dental, vision, employee assistance program, and prescription drug benefits (including in respect of any hospital confinement), upon provision of such services, materials or supplies; (ii) life, accidental death and dismemberment and business travel accident insurance benefits, upon the death, or other event giving rise to such benefits and (iii) with respect to short- and long-term disability benefits, upon the date of an individual’s onset of disability (subject to Section 5.01(d) below), as determined by the disability benefit insurance carrier or claim administrator, giving rise to such claim or expense.  
(d)    HERC Holdings Employees on Disability.  
(i)    Any HERC Holdings Employee who is on short-term disability leave and receiving insured short-term disability benefits under The Hertz Corporation Short Term Disability Benefits Plan for Non-Exempt Employees (the “Hertz Insured STD Plan”) immediately prior to the first day of the 2016 Plan Year (or who incurs a disability prior to the first day of the 2016 Plan Year that thereafter qualifies for insured short-term disability benefits under the Hertz Insured STD Plan) (a “HERC Holdings Insured STD Employee”) shall receive or continue to receive benefits under the Hertz Insured STD Plan on and after the first day of the 2016 Plan Year in accordance with the provisions of the Hertz Insured STD Plan.  HERC Holdings shall reimburse New Hertz Holdings for any ongoing costs associated therewith with respect to such HERC Holdings Insured STD Employees.    
(ii)    With respect to any HERC Holdings Employee who is eligible for self-insured short-term disability benefits (salary continuation benefits) immediately prior to the first day of the 2016 Plan Year (a “HERC Holdings Self-Insured STD Employee”), HERC Holdings (or a member of the HERC Holdings Group) will be responsible for continuing to provide such benefits under a HERC Holdings Spinoff Welfare Plan.  Such benefits shall be determined in a manner consistent with past practice.  For the avoidance 

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of doubt, any HERC Holdings Self-Insured STD Employees shall be transferred to, and shall receive any short-term disability benefits (salary continuation benefits) to which such HERC Holdings Self-Insured STD Employee is entitled, from HERC Holdings (or a member of the HERC Holdings Group) and New Hertz Holdings shall have no Liability for such benefits.      
(iii)    Any HERC Holdings Employee or Former HERC Holdings Employee who is on long-term disability leave and receiving insured long-term disability benefits under the Hertz Custom Benefit Program (the “Hertz LTD Plan”) immediately prior to the first day of the 2016 Plan Year (a “HERC Holdings LTD Employee”) shall continue to receive benefits under the Hertz LTD Plan in accordance with the provisions of the Hertz LTD Plan on and after the first day of the 2016 Plan Year.  HERC Holdings shall reimburse New Hertz Holdings for any ongoing costs associated therewith with respect to such HERC Holdings LTD Employees.  
(iv)    The Hertz LTD Plan shall remain responsible for long-term disability benefits for any HERC Holdings Insured STD Employee or HERC Holdings Self-Insured STD Employee who becomes eligible for long-term disability benefits on or after the first day of the 2016 Plan Year, provided that the disability relates to the same condition that began prior to the first day of the 2016 Plan Year and for which short-term disability benefits were paid, and provided further that the HERC Holdings Insured STD Employee or HERC Holdings Self-Insured STD Employee meets the requirements for long-term disability benefits under the Hertz LTD Plan (a “Future HERC Holdings LTD Employee”).  
(v)    In no event will New Hertz Holdings be obligated to provide any other employment-related benefits (including any Welfare Plan benefits) after the Distribution Date to a HERC Holdings Insured STD Employee, a HERC Holdings Self-Insured STD Employee, a HERC Holdings LTD Employee, or a Future HERC Holdings LTD Employee.  Nothing herein shall require New Hertz Holdings or a member of the Hertz Group to offer employment in the event a HERC Holdings Insured STD Employee, a HERC Holdings Self-Insured STD Employee, a HERC Holdings LTD Employee, or a Future HERC Holdings LTD Employee is released to return to work.       
(vi)    For avoidance of doubt, if any HERC Holdings Insured STD Employee, HERC Holdings LTD Employee or Future HERC Holdings LTD Employee is released to return to work or becomes no longer entitled to receive benefits under the Hertz Insured STD Plan or the Hertz LTD Plan on or after the first day of the 2016 Plan Year, and provided that HERC Holdings is notified of such fact, any employment or return to work obligations shall be the responsibility of HERC Holdings.  
(e)    Benefit Elections and Designations.  As of the first day of the 2016 Plan Year, HERC Holdings shall cause the HERC Holdings Spinoff Welfare Plans to recognize and give effect to all elections (including all coverage and contribution elections) made or deemed to be made by each HERC Holdings Spinoff Welfare Participant during annual enrollment for the 2016 Plan Year.  Notwithstanding the foregoing, New Hertz Holdings shall transfer and HERC 

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Holdings shall recognize and give effect to beneficiary designations made by a HERC Holdings Spinoff Welfare Participant, to the extent that such beneficiary designations are (i) on file at the third party administrator of the New Hertz Holdings Welfare Plans prior to the Distribution, or (ii) transferred by New Hertz Holdings to HERC Holdings prior to the Distribution.  After the Distribution, and subject to applicable law, New Hertz Holdings shall not be required to maintain paper records of beneficiary designations made before the Distribution by HERC Holdings Spinoff Welfare Plan Participants. 

Section 5.02    HERC Holdings Retained Welfare Plans.  Prior to the Distribution, HERC Holdings shall, or shall cause a member of the HERC Holdings Group to retain, or to the extent necessary, assume sponsorship of the Welfare Plans listed on Schedule 5.02 (the “HERC Holdings Retained Welfare Plans”).  From and after the Distribution, the HERC Holdings Group shall be exclusively responsible for all obligations and Liabilities with respect to the HERC Holdings Retained Welfare Plans, whether accrued before, on or after the time at the Distribution.  

Section 5.03    Accrued Paid Time Off, Vacation and Sick Pay.  
(a)    The HERC Holdings Group shall assume responsibility for accrued vacation and sick pay and any other paid time off, without reduction, attributable to HERC Holdings Employees and Former HERC Holdings Employees (i.e., with respect to Former HERC Holdings Employees, for vacation, sick pay and other paid time off that has been accrued but not cashed out) as of the time of the Distribution.  The Hertz Group shall assume responsibility for accrued vacation and sick pay and any other paid time off, without reduction, attributable to New Hertz Holdings Employees and Former New Hertz Holdings Employees (i.e., with respect to Former New Hertz Holdings Employees, for vacation, sick pay and other paid time off that has been accrued but not cashed out) as of the time of the Distribution.  
(b)    The Distribution and the assignment, transfer, or continuation of the employment of employees in connection therewith shall not be deemed to entitle any employee to payment of any accrued but unused vacation, sick pay, or other paid time off.  

Section 5.04    COBRA.  HERC Holdings (or one or more members of the HERC Holdings Group so designated) shall assume responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to Former HERC Holdings Employees who, immediately prior to the first day of the 2016 Plan Year, were covered under a New Hertz Holdings Welfare Plan pursuant to COBRA.  New Hertz Holdings shall maintain responsibility for compliance with the health care continuation requirements of COBRA with respect to Former New Hertz Holdings Employees who, immediately prior to the first day of the 2016 Plan Year, were covered under a New Hertz Holdings Welfare Plan pursuant to COBRA.  The Parties agree that neither the Distribution nor any transfers of employment that occur in connection with and on or prior to the Distribution shall constitute a COBRA qualifying event (as defined in Section 4980B of the Code) for purposes of COBRA; provided, that, in all events, HERC Holdings shall assume, or shall have caused the HERC Holdings Spinoff Welfare Plans or the HERC Holdings Retained Welfare Plans to assume, responsibility for compliance with the health care continuation coverage requirements of COBRA with respect to HERC Holdings 

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Employees who, on or after the first day of the 2016 Plan Year, incur a qualifying event for purposes of COBRA.

Section 5.05    Third Party Vendors.  To the extent any New Hertz Holdings Welfare Plan is administered by a third party vendor, New Hertz Holdings and HERC Holdings will cooperate and use their commercially reasonable efforts to “clone” any contract with such third party vendor for HERC Holdings or the applicable member of the HERC Holdings Group and to maintain any pricing discounts or other preferential terms for New Hertz Holdings, HERC Holdings and members of their respective Groups, as applicable.  Neither party shall be liable for failure to obtain such cloned contract, pricing discounts or other preferential terms for HERC Holdings or any member of the HERC Holdings Group.  Each Party shall be responsible for any additional premiums, charges or administrative fees that such Party may incur pursuant to this Section 5.05.

Section 5.06    Severance.  
(a)    General Principle.  New Hertz Holdings (or one or more members of the Hertz Group so designated) shall retain responsibility and all Liabilities for providing (or continuing to provide) any severance payments to New Hertz Holdings Employees and Former New Hertz Holdings Employees on and after the time of the Distribution, and neither HERC Holdings nor any member of the HERC Holdings Group shall have any Liability with respect to such severance payments with respect to Former New Hertz Holdings Employees.  HERC Holdings (or one or more members of the HERC Holdings Group so designated) shall retain responsibility and all Liabilities for providing (or continuing to provide) any severance payments to HERC Holdings Employees and Former HERC Holdings Employees on and after the time of the Distribution, and neither New Hertz Holdings nor any member of the Hertz Group shall have any Liability with respect to such severance payments with respect to Former HERC Holdings Employees.  
(b)    Old Hertz Holdings Severance Plan.  Old Hertz Holdings hereby assigns, and shall cause each other applicable member of the HERC Holdings Group to assign, to New Hertz Holdings or another member of the Hertz Group, as designated by New Hertz Holdings, the Old Hertz Holdings Severance Plan, with such assignment to be effective as of the Distribution Date.  From and after the Distribution Date, New Hertz Holdings shall accept, assume and faithfully perform, discharge and fulfill the obligations of such assumed plan.                                                

Section 5.07    No Restrictions on Amendment or Termination. Notwithstanding anything to the contrary in this Agreement, nothing shall prohibit any member of the Hertz Group or the HERC Holdings Group from amending, modifying or terminating any Welfare Plan, as applicable, in accordance with the terms of such plan.

Section 5.08    Multiemployer Health Plans. On and after the Distribution, (a) New Hertz Holdings shall be exclusively responsible for any contributions to a multiemployer welfare plan pursuant to a New Hertz Holdings Collective Bargaining Agreement, and (b) HERC Holdings shall be exclusively responsible for any contributions to a multiemployer welfare plan pursuant to a HERC Holdings Collective Bargaining Agreement.  

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         Article VI     
 
U.S. DEFINED CONTRIBUTION PLANS

Section 6.01    Establishment of the HERC Holdings Spinoff Savings Plan.  HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, establish a defined contribution plan and trust no later than the time of the Distribution for the benefit of HERC Holdings Employees and Former HERC Holdings Employees (the “HERC Holdings Spinoff Savings Plan”).  HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, be responsible for taking all necessary steps to establish, maintain, and administer the HERC Holdings Spinoff Savings Plan with the intention that it be qualified under Section 401(a) of the Code and that the related trust thereunder be exempt under Section 501(a) of the Code.  HERC Holdings (acting directly or through its Subsidiaries) shall be responsible for any and all Liabilities and other obligations with respect to the HERC Holdings Spinoff Savings Plan.
(a)    Participation in HERC Holdings Spinoff Savings Plan.  Each HERC Holdings Employee and Former HERC Holdings Employee who was an active participant (or eligible to participate) or an inactive participant in the Hertz Savings Plan as of the time of the Distribution (the “HERC Holdings Spinoff Savings Plan Beneficiaries”) shall be eligible to participate in the HERC Holdings Spinoff Saving Plan effective from and after the time of the Distribution (or such earlier date as designated under the HERC Holdings Spinoff Savings Plan).  HERC Holdings Employees and Former HERC Holdings Employees shall not make or receive additional contributions under the Hertz Savings Plan on and after the time of the Distribution (or such earlier date as designated under the Hertz Savings Plan). 
(b)    Transfer of Hertz Savings Plan Assets.  No later than ninety (90) days following the Distribution Date (or such later time as mutually agreed by the Parties), New Hertz Holdings shall cause the accounts (including any outstanding loan balances) in the Hertz Savings Plan attributable to the HERC Holdings Spinoff Savings Plan Beneficiaries and all of the assets in the Hertz Savings Plan trust related thereto (the “Hertz Savings Plan HERC Holdings Assets”) to be transferred in kind (subject to the consent of the plan administrator of the HERC Holdings Spinoff Savings Plan) or in cash (at the election of the plan administrator of the Hertz Savings Plan) to the HERC Holdings Spinoff Savings Plan, and HERC Holdings shall cause the HERC Holdings Spinoff Savings Plan to accept such transfer of accounts and underlying Hertz Savings Plan HERC Holdings Assets (including any applicable promissory notes) and, effective as of the date of such transfer, to assume all Liabilities of, and to fully perform, pay, and discharge, all obligations of, the Hertz Savings Plan relating to the accounts of the HERC Holdings Spinoff Savings Plan Beneficiaries (to the extent the Hertz Savings Plan HERC Holdings Assets related to those accounts are actually transferred from the Hertz Savings Plan to the HERC Holdings Spinoff Savings Plan).  To the extent that certain investment funds will not be replicated in the HERC Holdings Spinoff Savings Plan, any assets invested in such investment funds in the Hertz Savings Plan shall be mapped to new investment funds in the HERC Holdings Spinoff Savings Plan.  Notwithstanding any provision to the contrary, the transfer of Hertz Savings Plan HERC 

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Holdings Assets shall be conducted in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(1)-1, and Section 208 of ERISA.  New Hertz Holdings shall be responsible for taking all necessary, reasonable and appropriate action so that, as of the date of transfer of the Hertz Savings Plan HERC Holdings Assets and as of any other date relevant for purposes of this Agreement, the Hertz Savings Plan is qualified under Section 401(a) of the Code and the related trust thereunder is exempt under Section 501(a) of the Code.  While it is the intent of the Parties that the preceding transfer be effectuated in a single transfer, the Parties may agree that such transfer be effectuated in multiple transfers to the extent administratively necessary, and in each such case, the provisions of this paragraph shall be construed accordingly.
(c)    Continuation of Elections.  As of the time of the Distribution (or such earlier date as designated under the HERC Holdings Spinoff Savings Plan), HERC Holdings (acting directly or through its Subsidiaries) shall take commercially reasonable steps to cause the HERC Holdings Spinoff Savings Plan to recognize and maintain all Hertz Savings Plan elections, including but not limited to, deferral, investment and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to HERC Holdings Spinoff Savings Plan Beneficiaries, to the extent such election or designation is available under the HERC Holdings Spinoff Savings Plan and may be continued under applicable Law.  The HERC Holdings Spinoff Savings Plan shall assume and honor the terms of all qualified domestic relations orders in effect under the Hertz Savings Plan with respect to the HERC Holdings Spinoff Savings Plan Beneficiaries.  Prior to the time of the Distribution, New Hertz Holdings shall provide written notice to all individuals anticipated to be HERC Holdings Spinoff Savings Plan Beneficiaries of the intended continuation of such elections.  Any deferrals under the HERC Holdings Spinoff Savings Plan with respect to HERC Holdings Spinoff Savings Plan Beneficiaries will begin on the first payroll period following the Distribution Date (or such earlier time as designated by the HERC Holdings Spinoff Savings Plan).  
(d)    Regulatory Filings.  HERC Holdings (acting directly or through its Subsidiaries) shall submit an application to the Internal Revenue Service (“IRS”) as soon as practicable after the Distribution (but no later than the last day of the applicable remedial amendment period as defined in applicable Code provisions) requesting a determination letter regarding the qualified status of the HERC Holdings Spinoff Savings Plan under Section 401(a) of the Code and the tax-exempt status of its related trust under Section 501(a) of the Code as of the Distribution Date and shall make any amendments reasonably requested by the IRS to receive such a favorable determination letter.  In connection with the transfer of the Hertz Savings Plan HERC Holdings Assets and Liabilities from the Hertz Savings Plan to the HERC Holdings Spinoff Savings Plan contemplated in this Article VI, New Hertz Holdings and HERC Holdings (each acting directly or through its Subsidiaries) shall cooperate in making any and all appropriate filings required by the IRS, or required under the Code, ERISA or any applicable regulations, and shall take all such action as may be necessary and appropriate to cause such plan-to-plan transfer to take place as soon as practicable after the Distribution; provided, however, that HERC Holdings (acting directly or through its Subsidiaries) shall be solely responsible for complying with any requirements and applying for any IRS determination letter with respect to the HERC Holdings Spinoff Savings Plan.

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(e)    Plan Fiduciaries.  For all periods, including on and after the Distribution Date, the Parties agree that the applicable fiduciaries of each of the Hertz Savings Plan and the HERC Holdings Spinoff Savings Plan, respectively, shall have the authority with respect to the Hertz Savings Plan and the HERC Holdings Spinoff Savings Plan, respectively, to determine the investment alternatives, the terms and conditions with respect to those investment alternatives and such other matters as are within the scope of their duties under ERISA and the terms of the applicable plan documents.

Section 6.02    Other Savings Plans.  As of the Distribution, HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, retain (or assume to the extent necessary) plan sponsorship of the Cinelease, Inc. Employees 401(k) Plan (the “HERC Holdings Retained Savings Plan”), and from and after the Distribution, HERC Holdings (acting directly or through its Subsidiaries) shall be responsible for any and all Liabilities and other obligations with respect to the HERC Holdings Retained Savings Plan, whether accrued before, on or after the time of the Distribution; provided, however, that such plan may be merged into the HERC Holdings Spinoff Savings Plan before, on or after the time of the Distribution, and the foregoing plan sponsorship requirement shall not be applicable in such case for the merged plan thereafter.  

        Article VII     
 
U.S. DEFINED BENEFIT PLANS

Section 7.01    Establishment of HERC Holdings Spinoff Pension Plan.  Effective as of or before the time of the Distribution, HERC Holdings shall establish a pension plan (the “HERC Holdings Spinoff Pension Plan”).  HERC Holdings shall be responsible for taking all necessary steps to establish, maintain, and administer the HERC Holdings Spinoff Pension Plan with the intention that it be qualified under Section 401(a) of the Code and that the related trust thereunder be exempt under Section 501(a) of the Code.  HERC Holdings (acting directly or through its Subsidiaries) shall be responsible for any and all Liabilities and other obligations with respect to the HERC Holdings Spinoff Pension Plan.  The accrued benefit and portion of the Liabilities relating to HERC Holdings Employees and Former HERC Holdings Employees (and their respective beneficiaries and alternate payees) (the “HERC Holdings Spinoff Pension Plan Beneficiaries”) under the Hertz Pension Plan shall be transferred to the HERC Holdings Spinoff Pension Plan as of the Distribution Date (the “Pension Transfer”) in accordance with this Section 7.01 and Code Section 414(l), Treasury Regulation Section 1.414(1)-1, and ERISA Section 208.  At such time, such Liabilities shall cease to be Liabilities of the Hertz Pension Plan.     
(a)    Transfer of Hertz Pension Plan Assets and Liabilities.  
(i)    New Hertz Holdings or another member of the Hertz Group shall cause its actuary to determine the estimated value, as of the Distribution Date, of the assets to be transferred from the Hertz Pension Plan to the HERC Holdings Spinoff Pension Plan in connection with the Pension Transfer, in accordance with the assumptions and methodologies deemed reasonable by New Hertz Holdings (the “Estimated Pension Plan Transfer Amount”).  Within sixty (60) days after the Distribution Date, New Hertz Holdings or a member of the Hertz Group shall cause the Hertz Pension Plan’s trust to 

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transfer to the HERC Holdings Spinoff Pension Plan’s trust an amount in cash or in-kind (as determined by New Hertz Holdings) equal to approximately 95% of the Estimated Pension Plan Transfer Amount. During the time prior to such transfer (and for such time thereafter as the Parties may agree to), benefits for HERC Holdings Spinoff Pension Plan Beneficiaries in pay status shall be paid from the Hertz Pension Plan’s trust.  As provided in Section 7.01(a)(ii), the Final Pension Plan Transfer Amount shall be reduced by the amount of these benefits paid to a HERC Holdings Spinoff Pension Plan Beneficiary. 
(ii)    Within nine (9) months) (or as otherwise agreed to by the Parties) after the Distribution Date, New Hertz Holdings or another member of the Hertz Group shall cause its actuary to provide HERC Holdings with a revised calculation of the value, as of the Distribution Date, of the assets to be transferred to the HERC Holdings Spinoff Pension Plan’s trust in connection with the Pension Transfer, in accordance with the assumptions and methodologies described in Pension Benefit Guaranty Corporation Regulations Sections 4044.51-57  (the “Final Pension Plan Transfer Amount”) for the HERC Holdings Spinoff Pension Plan.  Within ten (10) months (or as otherwise agreed to by the Parties) after the Distribution Date, New Hertz Holdings or another member of the Hertz Group will cause the Hertz Pension Plan’s trust to transfer to the HERC Holdings Spinoff Pension Plan’s trust an amount in cash or in kind (as determined by New Hertz Holdings) equal to (a) the Final Pension Plan Transfer Amount, minus (b) any amounts previously transferred from the Hertz Pension Plan (1) directly to the HERC Holdings Spinoff Pension Plan or (2) to a third party (including any HERC Holdings Spinoff Pension Plan Beneficiary) on behalf of the HERC Holdings Spinoff Pension Plan (such amount, the “True-Up Amount”).  If the True-Up Amount is a negative number, HERC Holdings or a member of the HERC Holdings Group will cause the HERC Holdings Spinoff Pension Plan to transfer to the Hertz Pension Plan an amount, in cash or in kind (as determined by HERC Holdings), by which the amounts described in clause (b) in the preceding sentence exceed the Final Pension Plan Transfer Amount.  The Parties hereto acknowledge that the transfer of the True-Up Amount will be in full settlement and satisfaction of the obligations of New Hertz Holdings and HERC Holdings to transfer assets to the HERC Holdings Spinoff Pension Plan pursuant to this Section 7.01.  Any amounts transferred between the Hertz Pension Plan and the HERC Holdings Spinoff Pension Plan pursuant to this Section 7.01, or otherwise to effectuate this Section 7.01, will be credited or debited, as applicable with a pro rata share of the actual investment earnings or losses allocable to the transfer amount for the period between the Distribution Date and an assessment date set by New Hertz Holdings that is as close as reasonably practicable, taking into account the timing and reporting of values of assets in the Hertz Pension Plan, to the applicable transfer date.   
(b)    Continuation of Elections and Provisions.
(i)    The HERC Holdings Spinoff Pension Plan shall assume and honor the terms of all qualified domestic relations orders in effect under the Hertz Pension Plan with respect to the HERC Holdings Spinoff Pension Plan Beneficiaries.  

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(ii)    HERC Holdings (or a member of the HERC Holdings Group) will cause the HERC Holdings Spinoff Pension Plan to recognize and maintain all existing elections, including beneficiary designations and payment form elections under the Hertz Pension Plan, with respect to the HERC Holdings Spinoff Pension Plan Beneficiaries who have commenced or completed the retirement process prior to the end of any transitional period for defined benefit pension plan services under the terms of the Transition Services Agreement.    
(c)    Tax Qualified Status.  HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, submit an application to the IRS as soon as practicable after the Distribution (but no later than the last day of the applicable remedial amendment period as defined in applicable Code provisions) requesting a determination letter regarding the qualified status of the HERC Holdings Spinoff Pension Plan under Section 401(a) of the Code and the tax-exempt status of its related trust under Section 501(a) of the Code as of the time of the Distribution and shall make any amendments reasonably requested by the IRS to receive such a favorable determination letter.  
(d)    Cooperation.  New Hertz Holdings and HERC Holdings (acting directly or through their Subsidiaries) shall, to the extent necessary, file, or supplement, any forms to the IRS, Pension Benefit Guaranty Corporation, or any other Governmental Authority regarding the transfer of assets and Liabilities from the Hertz Pension Plan to the HERC Holdings Spinoff Pension Plan, as described in this Section 7.01.  

Section 7.02    Hertz Pension Plan after Distribution.  From and after the Distribution, the Hertz Pension Plan shall continue to be responsible for Liabilities in respect of New Hertz Holdings Employees and Former New Hertz Holdings Employees.    

Section 7.03    Plan Fiduciaries.  For all periods, including on and after the time of the Distribution, the Parties agree that the applicable fiduciaries of each of the Hertz Pension Plan and the HERC Holdings Spinoff Pension Plan, respectively, shall have the authority with respect to the Hertz Pension Plan and the HERC Holdings Spinoff Pension Plan, respectively, to determine the plan investments and such other matters as are within the scope of their duties under ERISA and the terms of the applicable plan documents.  

Section 7.04    Multiemployer Pension Plans.
(a)    HERC Holdings Multiemployer Pension Plans.  The plans set forth on Schedule 7.04(a), each a multiemployer plan within the meaning of Section 4001(a)(3) of ERISA, cover HERC Holdings Employees (or Former HERC Holdings Employees) (the “HERC Holdings Multiemployer Plans”).  As of the Distribution, HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, retain (or assume to the extent necessary) the collective bargaining agreements which provide for contributions to the HERC Holdings Multiemployer Plans, and neither New Hertz Holdings nor any member of the Hertz Group shall have further Liability thereunder.  HERC Holdings or the applicable member of the HERC Holdings Group shall continue after the Distribution to be responsible for any obligations under such collective bargaining agreements requiring contributions to the HERC Holdings 

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Multiemployer Plans, and shall be solely responsible for any withdrawal liability (including, without limitation, with respect to any Former Employee) arising in connection with any HERC Holdings Multiemployer Plan, and neither New Hertz Holdings nor any member of the Hertz Group shall have any Liability with respect thereto.
(b)    New Hertz Holdings Multiemployer Pension Plans.  The plans set forth on Schedule 7.04(b), each a multiemployer plan within the meaning of Section 4001(a)(3) of ERISA, cover New Hertz Holdings Employees (or Former New Hertz Holdings Employees) (the “New Hertz Holdings Multiemployer Plans”).  As of the Distribution, New Hertz Holdings shall, or shall cause another member of the Hertz Group to, retain (or assume to the extent necessary) the collective bargaining agreements which provide for contributions to the New Hertz Holdings Multiemployer Plans, and neither HERC Holdings nor any member of the HERC Holdings Group shall have further Liability thereunder.  New Hertz Holdings or the applicable member of the Hertz Group shall continue after the Distribution to be responsible for any obligations under such collective bargaining agreements requiring contributions to the New Hertz Holdings Multiemployer Plans, and shall be solely responsible for any withdrawal liability (including, without limitation, with respect to any Former Employee) arising in connection with any New Hertz Holdings Multiemployer Plan, and neither HERC Holdings nor any member of the HERC Holdings Group shall have any Liability with respect thereto.

         Article VIII     
 
U.S. NON-QUALIFIED RETIREMENT PLANS 

Section 8.01    Establishment of the HERC Holdings Spinoff SISP.  
(a)    Prior to the time of the Distribution, HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, establish a non-qualified deferred compensation plan that is substantially comparable to the Hertz SISP (the “HERC Holdings Spinoff SISP”) for the benefit of each HERC Holdings Employee and Former HERC Holdings Employee who is, immediately prior to the Distribution, a participant in the Hertz SISP (“HERC Holdings Spinoff SISP Participant”).  HERC Holdings or the applicable member of the HERC Holdings Group shall be responsible for any and all Liabilities and other obligations with respect to the HERC Holdings Spinoff SISP.
(b)    As of the time of the Distribution (or such earlier time as designated by the HERC Holdings Spinoff SISP), the Parties shall cause the HERC Holdings Spinoff SISP to assume all Liabilities under the Hertz SISP for the benefits of HERC Holdings Spinoff SISP Participants and their respective beneficiaries, and the Hertz Group and the Hertz SISP shall be relieved of all Liabilities for those benefits.  New Hertz Holdings shall retain all Liabilities under the Hertz SISP for the benefits for applicable New Hertz Holdings Employees and Former New Hertz Holdings Employees and their respective beneficiaries and the HERC Holdings Group shall have no Liabilities with respect to those benefits.  From and after the Distribution (or such earlier time as designated by the Hertz SISP), HERC Holdings Spinoff SISP Participants shall cease to be participants in the Hertz SISP.  

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(c)    As of the time of the Distribution (or such earlier time as designated by the HERC Holdings Spinoff SISP), HERC Holdings (acting directly or through its Subsidiaries) shall take commercially reasonable steps to cause the HERC Holdings Spinoff SISP to recognize and maintain all Hertz SISP elections with respect to HERC Holdings Spinoff SISP Participants, including but not limited to, deferral, investment and payment form elections, and beneficiary designations, to the extent such election or designation is available under the HERC Holdings Spinoff SISP and may be continued under applicable Law.  Any deferrals under the HERC Holdings Spinoff SISP with respect to HERC Holdings Spinoff SISP Participants will begin on the first payroll period following the Distribution Date (or such earlier time as designated by the HERC Holdings Spinoff SISP).

Section 8.02    Establishment of the HERC Holdings Spinoff Non-Qualified Pension Plans.  
(a)    Prior to the time of the Distribution, HERC Holdings shall, or shall cause another member of the HERC Holdings Group to, establish non-qualified deferred compensation plans that are substantially comparable to the Hertz Non-Qualified Pension Plans (collectively, the “HERC Holdings Spinoff Non-Qualified Pension Plans”) for the benefit of, respectively, each HERC Holdings Employee and Former HERC Holdings Employee who is, immediately prior to the Distribution, a participant in the Hertz Non-Qualified Pension Plans (collectively, the “HERC Holdings Spinoff Non-Qualified Pension Plan Participants”).  HERC Holdings or the applicable member of the HERC Holdings Group shall be responsible for any and all Liabilities and other obligations with respect to the HERC Holdings Spinoff Non-Qualified Pension Plans.  
(b)    As of the time of the Distribution (or such earlier time as designated by the HERC Holdings Spinoff Non-Qualified Pension Plans), the Parties shall cause the HERC Holdings Spinoff Non-Qualified Pension Plans to assume all Liabilities under the Hertz Non-Qualified Pension Plans for the benefit of HERC Holdings Spinoff Non-Qualified Pension Plan Participants and their respective beneficiaries, and the Hertz Group and the Hertz Non-Qualified Pension Plans shall be relieved of all Liabilities for those benefits.  New Hertz Holdings or the applicable member of the Hertz Group shall retain all Liabilities under the Hertz Non-Qualified Pension Plans for the benefits for applicable New Hertz Holdings Employees and Former New Hertz Holdings Employees and their respective beneficiaries and the HERC Holdings Group shall have no Liabilities with respect to those benefits.  From and after the Distribution (or such earlier time as designated by the Hertz Non-Qualified Pension Plans), HERC Holdings Spinoff Non-Qualified Pension Plan Participants shall cease to be participants in the Hertz Non-Qualified Pension Plans.  
(c)    As of the time of the Distribution (or such earlier time as designated by the HERC Holdings Spinoff Non-Qualified Pension Plans), HERC Holdings (acting directly or through its Subsidiaries) shall take commercially reasonable steps to cause the HERC Holdings Non-Qualified Pension Plans to recognize and maintain all Hertz Non-Qualified Pension Plan elections with respect to HERC Holdings Spinoff Non-Qualified Pension Plan Participants, including but not limited to, payment form and time elections and beneficiary designations, to 

36

the extent such election or designation is available under the HERC Holdings Spinoff Non-Qualified Pension Plans and may be continued under applicable Law.    

Section 8.03    No Distributions on Separation.  New Hertz Holdings and HERC Holdings acknowledge that neither the Distribution nor any of the other transactions contemplated by this Agreement, the Separation Agreement or the other Ancillary Agreements will trigger a payment or distribution of benefits under any Hertz Non-Qualified Retirement Plan, the HERC Holdings Spinoff Savings Plan, and any HERC Holdings Spin-off Non-Qualified Pension Plan, for any New Hertz Holdings Employee, HERC Holdings Employee, or Former Employee and, consequently, that the payment or distribution of any benefit to which any New Hertz Holdings Employee, HERC Holdings Employee, or Former Employee is entitled under any such plan will occur upon such individual’s “separation from service” (to the extent it has not previously occurred, and to the extent applicable under such plan) from the Hertz Group or the HERC Holdings Group, as applicable, or at such other time as specified in the applicable plan (to the extent distribution is scheduled to occur at a time or upon an event other than a separation from service).

Section 8.04    Director Compensation Deferral Program.  At or prior to the time of the Distribution, New Hertz Holdings shall, or shall cause another member of the Hertz Group to, establish a non-qualified deferred compensation program for the benefit of New Hertz Holdings Non-Employee Directors (the “New Hertz Holdings Director Compensation Deferral Program”) that is substantially comparable to the non-qualified deferred compensation program maintained by Old Hertz Holdings for the benefit of Old Hertz Holdings Non-Employee Directors (the “Old Hertz Holdings Director Compensation Deferral Program”).  As of the time of the Distribution, New Hertz Holdings (acting directly or through its Subsidiaries) shall take commercially reasonable steps to cause the New Hertz Holdings Director Compensation Deferral Program to recognize and maintain all Old Hertz Holdings Director Compensation Deferral Program elections with respect to New Hertz Holdings Non-Employee Directors, including but not limited to, deferral elections, to the extent such election may be continued under applicable Law.  New Hertz Holdings or the applicable member of the Hertz Group shall be responsible for any and all Liabilities and other obligations with respect to the New Hertz Holdings Director Compensation Deferral Program, and except as may otherwise be provided herein, HERC Holdings  or the applicable member of the HERC Holdings Group shall be responsible for any and all Liabilities and other obligations with respect to the Old Hertz Holdings Director Compensation Deferral Program.

        Article IX     
 
EMPLOYEE STOCK PURCHASE PLAN

Section 9.01    The Hertz Global Holdings, Inc. Employee Stock Purchase Plan .  HERC Holdings or another member of the HERC Holdings Group shall be solely responsible for maintaining and administering the Old Hertz Holdings ESPP following the Distribution.  As of the Distribution Date, each member of the Hertz Group and each New Hertz Holdings Employee 

37

and Former New Hertz Holdings Employee shall cease participation in the Old Hertz Holdings ESPP, except for any options under the Old Hertz Holdings ESPP held by a New Hertz Holdings Employee or Former New Hertz Holdings Employee that remain exercisable after the Distribution pursuant to the terms of the Old Hertz Holdings ESPP and applicable Law.  

Section 9.02    Establishment of New Hertz Holdings Employee Stock Purchase Plan.  Prior to the time of the Distribution, New Hertz Holdings shall, or shall cause another member of the Hertz Group to, establish an employee stock purchase plan (the “New Hertz Holdings Spinoff ESPP”), with terms and features that are substantially identical to the Old Hertz Holdings ESPP; provided, however, that New Hertz Holdings may delay implementation of (or commencement of participation in) of the New Hertz Holdings Spinoff ESPP in one or more countries to the extent that New Hertz Holdings, in its sole discretion, determines such delay to be necessary or advisable.  Prior to the time of the Distribution, Old Hertz Holdings, as the sole stockholder of New Hertz Holdings, shall approve the New Hertz Holdings Spinoff ESPP.  New Hertz Holdings or another member of the Hertz Group shall be solely responsible for taking all necessary, reasonable, and appropriate actions to establish, maintain and administer the New Hertz Holdings Spinoff ESPP following the Distribution.  

          Article X     
 
NON-U.S. EMPLOYEES 

Section 10.01    General Principles.  Except as explicitly set forth in this Article X, New Hertz Holdings Employees, HERC Holdings Employees and Former Employees who are resident outside of the United States or otherwise are subject to non-U.S. Law and their related benefits and obligations shall be treated in the same manner as the New Hertz Holdings Employees, HERC Holdings Employees and Former Employees who are resident of the United States are treated.  Except as otherwise agreed to by the Parties, (i) any non-U.S. Benefit Plan sponsored by New Hertz Holdings (or any member of the Hertz Group) immediately prior to the Distribution shall continue to be sponsored by such entity on and after the Distribution, and such entity shall retain and be solely responsible for all Liabilities and obligations with respect to such non-U.S. Benefit Plan, and (ii) any non-U.S. Benefit Plan sponsored by HERC Holdings (or any member of the HERC Holdings Group) immediately prior to the Distribution shall continue to be sponsored by such entity on and after the Distribution, and such entity shall retain and be solely responsible for all Liabilities and obligations with respect to such non-U.S. Benefit Plan.  All actions taken with respect to non-U.S. employees in connection with the Distribution, including with respect to Old Hertz Holdings Equity Awards as set forth in Section 4.09, will be accomplished in accordance with applicable Law and custom in each of the applicable jurisdictions.  

Section 10.02    Non-U.S. Plans.  As of the Distribution, New Hertz Holdings shall, or shall cause another member of the Hertz Group to, retain (or assume to the extent necessary) plan sponsorship of the Retirement Plan for the Employees of Puerto Ricancars, Inc. and Related Companies Residing in the Commonwealth of Puerto Rico (the “Puerto Rico Pension Plan”) and the Retirement Plan for the Employees of Puerto Ricancars, Inc. and Related Companies Residing in St. Thomas, U.S. Virgin Islands (the “Virgin Islands Pension Plan”), and from and 

38

after the Distribution, New Hertz Holdings (acting directly or through its Subsidiaries) shall be responsible for any and all Liabilities and other obligations with respect to the Puerto Rico Pension Plan and the Virgin Islands Pension Plan, whether accrued before, on or after the time of the Distribution.

         Article XI     
 
ANNUAL INCENTIVE PLANS 

Section 11.01    Executive Incentive Compensation Plan.
(a)    Hertz EICP.  New Hertz Holdings or another member of the Hertz Group shall be solely responsible for funding, paying, and discharging all obligations relating to the Hertz EICP.  
(b)    HERC Holdings EICP.  New Hertz Holdings hereby assigns, and shall cause each other applicable member of the Hertz Group to assign, to HERC Holdings or another member of the HERC Holdings Group, as designated by HERC Holdings, the HERC Holdings EICP, with such assignment to be effective as of the Distribution Date.  From and after the Distribution Date, HERC Holdings shall be solely responsible for funding, paying, and discharging all obligations relating to the HERC Holdings EICP.  

Section 11.02    Senior Executive Bonus Plan.
(a)    Not later than the time of the Distribution, New Hertz Holdings shall, or shall cause another member of the Hertz Group to, take commercially reasonable steps to adopt a plan (or plans) that will provide annual bonus or short-term cash incentive opportunities for New Hertz Holdings Employees that are substantially similar to the opportunities provided to such New Hertz Holdings Employees immediately prior to the Distribution in the Old Hertz Holdings SEBP (the “New Hertz Holdings Spinoff SEBP”), subject to New Hertz Holdings’ right to amend or terminate such plan after the Distribution in accordance with the terms thereof. 
(b)    The New Hertz Holdings Spinoff SEBP shall be approved prior to the time of the Distribution by Old Hertz Holdings to the extent determined necessary by Old Hertz Holdings under Code Section 162(m).  New Hertz Holdings Employees shall participate in such New Hertz Holdings Spinoff SEBP (provided the eligibility requirements therein are met) immediately following the Distribution.  For avoidance of doubt, with respect to the 2016 performance period, New Hertz Holdings Employees shall not be eligible for any payment from any HERC Holdings annual bonus plan or short-term incentive compensation plan, including the Old Hertz Holdings SEBP, at or after the time of the Distribution.

Section 11.03    General Principles.  For the avoidance of doubt, (i) the Hertz Group shall be solely responsible for funding, paying, and discharging all obligations relating to any annual cash incentive awards that any New Hertz Holdings Employee or Former New Hertz Holdings Employee is eligible to receive under any Hertz Group annual bonus plans and other short-term incentive compensation plans, including the Hertz EICP and the New Hertz Holdings Spinoff SEBP, with respect to payments made beginning at or after the time of the Distribution, and no 

39

member of the HERC Holdings Group shall have any obligations with respect thereto, and (ii) the HERC Holdings Group shall be solely responsible for funding, paying, and discharging all obligations relating to any annual cash incentive awards that any HERC Holdings Employee or Former HERC Holdings Employee is eligible to receive under any HERC Holdings Group annual bonus and other short-term incentive compensation plans, including the HERC Holdings EICP and the Old Hertz Holdings SEBP, with respect to payments made beginning at or after the Distribution, and no member of the Hertz Group shall have any obligations with respect thereto.  

        Article XII     
 
COMPENSATION MATTERS AND GENERAL BENEFIT AND  
EMPLOYEE MATTERS

Section 12.01    Restrictive Covenants in Employment and Other Agreements.  To the fullest extent permitted by the agreements described in this Section 12.01 and applicable Law, (i) New Hertz Holdings shall assign, or cause an applicable member of the Hertz Group to assign (including through notification to employees, as applicable) to HERC Holdings or a member of the HERC Holdings Group designated by HERC Holdings all agreements containing restrictive covenants (including confidentiality, non-competition and non-solicitation provisions) between a member of the Hertz Group and a HERC Holdings Employee, with such assignment to be effective as of the time of the Distribution, and (ii) HERC Holdings shall assign, or cause an applicable member of the HERC Holdings Group to assign (including through notification to employees, as applicable) to New Hertz Holdings or a member of the Hertz Group designated by New Hertz Holdings all agreements containing restrictive covenants (including confidentiality, non-competition and non-solicitation provisions) between a member of the HERC Holdings Group and a New Hertz Holdings Employee, with such assignment to be effective as of the time of the Distribution.  To the extent that assignment of such agreements is not permitted, effective as of the time of the Distribution, (A) each member of the Hertz Group shall be considered to be a successor to each member of the HERC Holdings Group for purposes of such agreements, with all rights, obligations and benefits under such agreements as if each were a signatory, and (B) each member of the HERC Holdings Group shall be considered to be a successor to each member of the Hertz Group for purposes of such agreements, with all rights, obligations and benefits under such agreements as if each were a signatory.  To the extent necessary, each Party shall, at the other Party’s request and expense, enforce or seek to enforce such restrictive covenants on behalf of members of the Requesting Party’s Group; provided, however, that in no event shall either Party be permitted to enforce such restrictive covenant agreements against the other Party’s employees for action taken in their capacity as employees of a member of the other Party’s Group.    

Section 12.02    Leaves of Absence.  New Hertz Holdings and HERC Holdings will continue to apply the appropriate leave of absence policies applicable to inactive New Hertz Holdings Employees and HERC Holdings Employees, as applicable, who are on an approved leave of absence as of the time of the Distribution.  

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Section 12.03    Workers’ Compensation.  Except as otherwise set forth herein, the HERC Holdings Group shall be solely responsible for all United States (including its territories) workers’ compensation claims of HERC Holdings Employees and Former HERC Holdings Employees, regardless of when the workers’ compensation events occur, and the Hertz Group shall be solely responsible for all United States (including its territories) workers’ compensation claims of New Hertz Holdings Employees and Former New Hertz Holdings Employees, regardless of when the workers’ compensation events occur.

Section 12.04    Unemployment Compensation.  Effective as of the time of the Distribution, the member of the Hertz Group employing each New Hertz Holdings Employee shall have (and, to the extent it has not previously had such obligations, such member of the Hertz Group shall assume) the obligations for all claims and Liabilities relating to unemployment compensation benefits for all New Hertz Holdings Employees and Former New Hertz Holdings Employees.  Effective as of the time of the Distribution, the member of the HERC Holdings Group employing each HERC Holdings Employee shall have (and, to the extent it has not previously had such obligations, such member of the HERC Holdings Group shall assume) the obligations for all claims and Liabilities relating to unemployment compensation benefits for all HERC Holdings Employees and Former HERC Holdings Employees.  

Section 12.05    Preservation of Rights to Amend.  The rights of New Hertz Holdings, HERC Holdings or the members of their respective Groups to amend or terminate any plan, program, or policy referred to herein shall not be limited in any way by this Agreement.

Section 12.06    Confidentiality.  Each Party agrees that any information conveyed or otherwise received by or on behalf of a Party in conjunction herewith is confidential and is subject to the terms of the confidentiality provisions set forth in the Separation Agreement.

Section 12.07    Administrative Complaints/Litigation.  
(a)    Class Actions.  To the extent that any threatened or filed legal action relates to a putative or certified class of plaintiffs, which includes both New Hertz Holdings Employees (or Former New Hertz Holdings Employees) and HERC Holdings Employees (or Former HERC Holdings Employees) and such action involves employment or Benefit Plan related claims, the Liability for, and the reasonable costs and expenses incurred by the Parties in responding to, such threatened or filed legal action shall be allocated among the Parties equitably in proportion to a reasonable assessment of the relative proportion of New Hertz Holdings Employees (or Former New Hertz Holdings Employees) and HERC Holdings Employees (or Former HERC Holdings Employees) included in or represented by the putative or certified plaintiff class.  
(b)    Corporate Office Former New Hertz Holdings Employees.  To the extent that any legal action, including without limitation an action described in Section 12.07(a), is brought by a Former New Hertz Holdings Employee who had, as of their last day of employment with New Hertz Holdings, HERC Holdings or their respective Affiliates, as applicable, corporate office employment duties that related to both the Car Rental Business and the Equipment Rental Business (a “Former New Hertz Holdings Corporate Office Employee”), and such action involves employment related claims, including without limitation a claim related to the 

41

separation of employment or workers’ compensation claim, or the provision of services to or with respect to the business activities of a Party, (i) New Hertz Holdings shall be responsible for the Liability for such claim, together with the reasonable costs and expenses incurred in responding to such claim, if, as of the last day of employment, the Former New Hertz Holdings Corporate Office Employee performed the majority of his service for the benefit of the Car Rental Business, and (ii) HERC Holdings shall be responsible for the Liability for such claim, together with the reasonable costs and expenses incurred in responding to such claim, if, of the last day of employment, the Former New Hertz Holdings Corporate Office Employee performed the majority of his service for the benefit of the Equipment Rental Business.
(c)    The procedures contained in the indemnification and related litigation cooperation provisions of the Separation Agreement shall apply with respect to each Party’s indemnification obligations under this Section 12.07.

Section 12.08    Reimbursement and Indemnification.  To the extent provided for under this Agreement, each Party agrees to reimburse the other Party, within thirty (30) days of receipt from the other Party of reasonable verification, for all costs and expenses which the other Party has incurred on behalf of the reimbursing Party as a result of any of the reimbursing Party’s Welfare Plans and other Benefit Plans.  All Liabilities retained, assumed, or indemnified against by New Hertz Holdings pursuant to this Agreement, and all Liabilities retained, assumed, or indemnified against by HERC Holdings pursuant to this Agreement, shall in each case be subject to the indemnification provisions of the Separation Agreement.  Notwithstanding anything to the contrary set forth in this Agreement, (i) no provision of this Agreement shall require any member of the Hertz Group to pay or reimburse to any member of the HERC Holdings Group any benefit related cost item that a member of the Hertz Group has paid or reimbursed to any member of the HERC Holdings Group prior to the time of the Distribution; and (ii) no provision of this Agreement shall require any member of the HERC Holdings Group to pay or reimburse to any member of the Hertz Group any benefit related cost item that a member of the HERC Holdings Group has paid or reimbursed to any member of the Hertz Group prior to the time of the Distribution.

Section 12.09    Fiduciary Matters.  Each Party acknowledges that actions required to be taken pursuant to this Agreement may be subject to fiduciary duties or standards of conduct under ERISA or other applicable Law, and no Party shall be deemed to be in violation of this Agreement if it fails to comply with any provisions hereof based upon its good faith determination (as supported by advice from counsel experienced in such matters) that to do so would violate any such fiduciary duty or standard.  Each Party shall be responsible for taking such actions as are deemed necessary and appropriate to comply with its own fiduciary responsibilities and shall fully release and indemnify the other Party for any Liabilities caused by the failure to satisfy any such responsibility.

Section 12.10    Subsequent Transfers of Employment.  To the extent that the employment of any individual transfers between any member of the Hertz Group and any member of the HERC Holdings Group during the six (6) month period following the Distribution, the Parties shall use their reasonable efforts to effect the provisions of this Agreement with respect to the 

42

compensation and benefits of such individuals following such transfer, it being understood that (a) it may not be possible to replicate the effect of such provisions under such circumstance, and (b) neither New Hertz Holdings nor HERC Holdings shall be bound by the provisions of this Section 12.10 to assume any Liabilities or transfer any Assets or to vest any current equity awards of such individual or to issue any replacement or new equity awards to such individual.  Notwithstanding the foregoing, for compensation that is subject to the provisions of Section 409A of the Code, or for equity awards, any such subsequent transfer shall be a “separation from service” from the applicable employer for purposes of such compensation and awards, and the consequences of such separation from service shall be determined in accordance with the terms of the applicable plan or agreement.  

Section 12.11    Section 409A.  New Hertz Holdings and HERC Holdings shall cooperate in good faith so that the transactions contemplated by this Agreement and the Separation Agreement will not result in adverse tax consequences under Section 409A of the Code to any New Hertz Holdings Employee, New Hertz Holdings Non-Employee Director, HERC Holdings Employee, HERC Holdings Non-Employee Director, Former Employee,  or Old Hertz Holdings Non-Employee Director, in respect of their respective benefits under any Benefit Plan or Employment Agreement.  

Section 12.12    Post Retirement Assigned Car Benefit.  New Hertz Holdings or another member of the Hertz Group shall retain and be solely responsible for maintaining and administering the Key Officer – Post Retirement Assigned Car Benefit following the Distribution, subject to New Hertz Holdings’ right to amend or terminate such benefit after the Distribution in accordance with the terms thereof.       

       Article XIII     
 
MISCELLANEOUS

Section 13.01    Dispute Resolution.  Any controversy or claim arising out of or relating to this Agreement will be resolved in accordance with the dispute resolution procedures set forth in the Separation Agreement.  

Section 13.02    Force Majeure.  Neither Party will be liable for any failure of performance attributable to acts or events (including war, terrorist activities, conditions or events of nature, industry wide supply shortages, civil disturbances, work stoppage, power failures, failure of telephone lines and equipment, fire and earthquake, or any law, order, proclamation, regulation, ordinance, demand or requirement of any governmental authority) beyond its reasonable control which impair or prevent in whole or in part performance by such party hereunder (“Force Majeure”). If either party is unable to perform its obligations hereunder as a result of a Force Majeure event, it will, as promptly as reasonably practicable, give notice of the occurrence of such event to the other Party.  The time for performance of any obligation hereunder shall be automatically extended by the period during which a Force Majeure event shall be continuing. 

Section 13.03    Relationship of the Parties.  Except as specifically provided herein, neither Party will act or represent or hold itself out as having authority to act as an agent or partner of the 

43

other Party, or in any way bind or commit the other Party to any obligations. Nothing contained in this Agreement will be construed as creating a partnership, joint venture, agency, trust or other association of any kind, each Party being individually responsible only for its obligations as set forth in this Agreement.  

Section 13.04    Assignment.  Neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated, in whole or in part, by operation of Law or otherwise, by any Party without the prior written consent of the other Party, and any such assignment without such prior written consent shall be null and void; provided, however, that if any Party (or any of its successors or permitted assigns) (a) shall consolidate with or merge into any other Person and shall not be the continuing or surviving corporation or entity of such consolidation or merger or (b) shall transfer all or substantially all of its properties and/or Assets to any Person, then, and in each such case, the Party (or its successors or permitted assigns, as applicable) shall ensure that such Person assumes all of the obligations of such Party (or its successors or permitted assigns, as applicable) under this Agreement, in which case the consent described in the previous sentence shall not be required; provided, further, that no permitted assignment pursuant to this Section 13.04 shall release the assigning Party from liability for the full performance of its obligations under this Agreement.  

Section 13.05    Third Party Beneficiaries.  Except as specifically provided herein, this Agreement is solely for the benefit of the Parties and should not be deemed to confer upon third parties any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this Agreement.

Section 13.06    Entire Agreement; No Reliance; Amendment.  This Agreement (including all Schedules or other attachments), the Separation Agreement and any other ancillary agreements related to the Separation Agreement constitute the entire agreement with respect to the subject matter hereof, and any prior agreements, oral or written, are no longer effective. In deciding whether to enter into this Agreement, the Parties have not relied on any representations, statements, or warranties other than those explicitly contained in this Agreement and the Separation Agreement.  No amendments or modifications to this Agreement are valid unless in writing, signed by both Parties.  Irrespective of anything else contained herein, the Parties do not intend for this Agreement to constitute the establishment or adoption of, or amendment to, any Benefit Plan or Employment Agreement, and no Person participating in any such Benefit Plan shall have any claim or cause of action, under ERISA or otherwise, in respect of any provision of this Agreement as it relates to any such Benefit Plan, Employment Agreement or otherwise.  

Section 13.07    Waiver  Except as otherwise provided in this Agreement or the Separation Agreement, neither Party waives any rights under this Agreement by delaying or failing to enforce such rights. No waiver by any Party of any breach or default hereunder shall be deemed to be a waiver of any subsequent breach or default. Any agreement on the part of any Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such Party. 

Section 13.08    Notices.  All notices or other communications required to be sent or given under this Agreement will be in writing and will be delivered personally, by commercial 

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overnight courier, by facsimile or by electronic mail, directed to the addresses set forth below. Notices are deemed properly given as follows: (a) if delivered personally, on the date delivered, (b) if delivered by a commercial overnight courier, one (1) Business Day after such notice is sent, and (c) if delivered by facsimile or electronic mail, on the date of transmission, with confirmation of transmission; provided, however, that if the notice is sent by facsimile or electronic mail, the notice must be followed by a copy of the notice being delivered by a means provided in (a) or (b):
(a)    if to New Hertz Holdings:  
Hertz Global Holdings, Inc.
8501 Williams Road
Estero, FL 33928
Attention:  Richard J. Frecker
Fax: (866) 888-3765
E-mail:  rfrecker@hertz.com 

(b)    if to HERC Holdings:
HERC Holdings, Inc.
27500 Riverview Center Blvd.
Bonita Springs, FL 34134
Attention:  Maryann Waryjas
Fax:  [(___) ___-_____]
E-mail:  mwaryjas@hertz.com 

Section 13.09    Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the Parties hereto and may be used in lieu of the original Agreement for all purposes.  Signatures of the Parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.  

Section 13.10    Severability.  If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction or other authoritative body, such invalidity or unenforceability will not affect any other provision of this Agreement. Upon such determination that a provision is invalid or unenforceable, the Parties will negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible.

Section 13.11    Interpretation.  When a reference is made in this Agreement to a Section, Article or Schedule, such reference shall be to a Section, Article or Schedule of this Agreement unless otherwise indicated.  The table of contents and headings contained in this Agreement or in any Schedule are for convenience of reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.  All words used in this Agreement will be construed to be of such gender or number as the circumstances require.  Any capitalized terms used in any 

45

Schedule but not otherwise defined therein shall have the meaning as defined in this Agreement or the Separation Agreement.  All Schedules annexed hereto or referred to in this Agreement are hereby incorporated in and made a part of this Agreement as if set forth in this Agreement.  The provisions of this Agreement will be construed according to their fair meaning and neither for nor against either Party irrespective of which Party caused such provisions to be drafted. The terms “include” and “including” do not limit the preceding terms.  Each reference to “$” or “dollars” is to United States dollars. Each reference to “days” is to calendar days.  Any action to be taken by the board of directors of a Party may be taken by a committee of the board of directors of such Party if properly delegated by the board of directors of a Party to such committee.    

Section 13.12    Limitation of Liability.  No member of the Hertz Group or the HERC Holdings Group shall be liable to any member of the HERC Holdings Group or the Hertz Group, respectively, for any special, punitive, consequential, incidental or exemplary damages (including lost or anticipated revenues or profits relating to the same and attorneys’ fees) arising from any claim relating to this Agreement or the performance of or failure to perform such Party’s obligations under this Agreement, whether such claim is based on warranty, contract, tort (including negligence or strict liability) or otherwise, and regardless of whether such damages are foreseeable or an authorized representative of such party is advised of the possibility or likelihood of such damages. 

Section 13.13    Governing Law.  This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal Laws of the State of New York, without regard to the Laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York.  

Section 13.14    Precedence.  If there is any conflict between the provisions of the Separation Agreement and this Agreement, the provisions of this Agreement shall control with respect to the subject matter hereof; if there is any conflict between the provisions of the body of this Agreement and the Schedules hereto, the provisions of the body of this Agreement shall control unless explicitly stated otherwise in such Schedule.

Section 13.15    Tax Matters.  Notwithstanding anything in this Agreement to the contrary, except for those tax matters specifically addressed herein, the Tax Matters Agreement will be the exclusive agreement among the Parties with respect to all Tax matters, including indemnification in respect of Tax matters. 

Section 13.16    Settlor Prerogatives Regarding Plan Dispositions.  Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement shall be construed to require (i) New Hertz Holdings to maintain a New Hertz Holdings Benefit Plan for a specific period of time, or into perpetuity, and further, nothing herein shall be construed to inhibit or otherwise interfere with New Hertz Holdings’ ability to amend or terminate a New Hertz Holdings Benefit Plan or Employment Agreement, or (ii) HERC Holdings to maintain a HERC Holdings Benefit Plan for a specific period of time, or into perpetuity, and further, nothing herein 

46

shall be construed to inhibit or otherwise interfere with HERC Holdings’ ability to amend or terminate a HERC Holdings Benefit Plan or Employment Agreement.

Section 13.17    Effect if Distribution Does Not Occur.  Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement or Transition Services Agreement is terminated prior to the Distribution, this Agreement shall be of no further force and effect.  

[Remainder of page intentionally left blank]

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IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

HERTZ GLOBAL HOLDINGS, INC.

By                      
Name:
Title:

HERC HOLDINGS INC.

By                      
Name:
Title:

48SEC Exhibit

Exhibit 10.25
    
     

INTELLECTUAL PROPERTY AGREEMENT

This INTELLECTUAL PROPERTY AGREEMENT (this “Agreement” or “IPA”), effective as of this ____ day of ________2016 (the “Effective Date”) among THE HERTZ CORPORATION, a Delaware corporation, with an address of 8501 Williams Road, Estero, Florida 33928 (hereinafter “THC”); HERTZ SYSTEM, INC., a Delaware corporation, with an address of  8501 Williams Road, Estero, Florida 33928, United States of America (hereinafter “HSI”) and HERC RENTALS INC., a Delaware corporation, with an address of 27500 Riverview Center Blvd., Bonita Springs, Florida 34134, United States of America (hereinafter “HERC”) (hereinafter referred to collectively as the “Parties” and individually as a “Party”).

WITNESSETH
WHEREAS, both HSI and HERC are wholly-owned subsidiaries of THC, and THC is an indirect wholly-owned subsidiary of Hertz Global Holdings, Inc., a Delaware corporation (“HGH”);
WHEREAS, THC is the owner of a unique plan or system (hereinafter the “Hertz System”) for conducting, inter alia, the business of renting and leasing vehicles with and without drivers (hereinafter  the “Vehicle Rental Business” or “VRB”) which it conducts in collaboration with HSI which is the owner of all trademarks for HERTZ and HERTZ-formative trademarks and designs and other trademarks and designs worldwide in connection with the Vehicle Rental Business (the “VRB Trademarks”) and Other Intellectual Property (as defined herein);   
    
WHEREAS, THC is the owner of a unique plan or system for conducting an equipment rental business (hereinafter the “Equipment Rental Business” or “ERB” as further defined below) which it conducts through HERC;
WHEREAS, HGH has approved plans to separate the Vehicle Rental Business and the Equipment Rental Business into two independent, publicly traded companies (the “Separation”) pursuant to, among other agreements, the Separation and Distribution Agreement by and between Hertz Rental Car Holding Company, Inc. (to be renamed “Hertz Global Holdings, Inc.” in connection with the Separation, “New Hertz”) and HGH (to be renamed Herc Holdings Inc. in connection with the Separation) dated as of [__________], 2016 (the “Distribution Agreement”);
WHEREAS, as a result of the Separation, THC and HSI will become indirect wholly-owned subsidiaries of New Hertz, and HERC will continue to be an indirect wholly-owned subsidiary of HGH;
WHEREAS, THC exercises control with respect to the use, registration and enforcement of all of its company trademarks through its subsidiary HSI.  HERC uses certain HERTZ or HERTZ-formative trademarks in connection with the ERB with the permission of HSI and THC;

WHEREAS, HSI is the owner of certain foreign HERTZ and HERTZ-formative and other trademarks and logos (the “HSI (HERTZ) Foreign ERB Trademarks”)  used by HERC with the 

1

                                                

permission of HSI in connection with the Equipment Rental Business, including the trademark applications and registrations therefor as more fully set forth on Schedule A; 

WHEREAS, HSI is the owner of certain United States HERTZ and HERTZ-formative and other trademarks and logos (the “HSI (HERTZ) US ERB Trademarks”) used by HERC with the permission of HSI in connection with the Equipment Rental Business, including the trademark applications and registrations therefor as more fully set forth on Schedule B; 

WHEREAS, HSI is the owner of certain foreign HERC trademarks and logos (the “HSI HERC Foreign ERB Trademarks”) used by HERC with the permission of HSI in connection with the Equipment Rental Business, including the trademark applications and registrations therefor, as more fully set forth on Schedule C;
WHEREAS, HERC is the owner of certain US HERTZ-formative trademarks (the “HERC (HERTZ) US ERB Trademarks”) used by HERC with the permission of HSI in connection with  the Equipment Rental Business, including the trademark applications and registrations therefore as more fully set forth on Schedule D; 

WHEREAS, HERC is the owner of certain US trademarks not derived from the HERTZ trademark (the “HERC (HERC) US ERB Trademarks”) used by HERC with the permission of HSI in connection with the Equipment Rental Business, including the trademark applications and registrations therefore as more fully set forth on Schedule E;

WHEREAS, THC is the owner of certain HERTZ and HERTZ-formative domain names (the “THC (HERTZ) ERB Domains”) used by HERC with the permission of  THC related to the Equipment Rental Business, as more fully set forth on Schedule F; 

WHEREAS, THC is the owner of certain non-HERTZ-formative domain names (the “THC ERB Domains”) used by HERC with the permission of THC related to the Equipment Rental Business, as more fully set forth on Schedule G; 
WHEREAS, as a result of the Separation, the Parties wish to differentiate and distinguish the future ownership, license and use of the relevant HERTZ, HERTZ-formative, HERC and other trademark rights and logos on a worldwide basis related to the Vehicle Renting Business which is to remain with HSI and the Equipment Rental Business to remain with HERC and the Parties have agreed upon a plan going forward with respect to the ownership, license and use of the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the HSI HERC Foreign ERB Trademarks, the HERC (HERTZ) US ERB Trademarks, the HERC (HERC) US ERB Trademarks, the THC (HERTZ) ERB Domains and the THC ERB Domains; and

NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

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1.    Definitions
1.1    The “Equipment Rental Business” or “ERB” has the meaning given to such term in the Distribution Agreement.  

1.2    “Interim Period” means a period of four (4) years commencing from the Effective Date of this Agreement.

1.3    “Other Intellectual Property” means any copyrights, trade dress, content, designs or other indicia and/or social media accounts and handles owned by THC and/or HSI that are already used or otherwise in the possession of HERC relating to the HERTZ and HERTZ-formative trademarks and logos in connection with the Equipment Rental Business.
2.    Terms of Transfer, License and Use
2.1.    HSI will retain ownership of the worldwide rights in and to the VRB Trademarks.
2.2    In the case of the HSI (HERTZ) Foreign ERB Trademarks:    
2.2.1    HSI will retain ownership and will grant a royalty-free, non-exclusive license to HERC to use the HSI (HERTZ) Foreign ERB Trademarks (those foreign trademarks owned by HSI related to the ERB that incorporate the mark/name HERTZ) as set forth on Schedule A, for the Interim Period, outside the United States and Puerto Rico, as more fully set forth in the Trademark, Trade Name, Domain and Related Rights License Agreement attached as Exhibit A.  HERC shall immediately discontinue use of the HSI (HERTZ) Foreign ERB Trademarks upon expiration of the Interim Period, or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement. 
2.3    In the case of the HSI (HERTZ) US ERB Trademarks:
2.3.1    HSI will retain ownership and will grant a royalty-free, non-exclusive, license to HERC to use the HSI (HERTZ) US ERB Trademarks (those US trademarks owned by HSI related to the ERB that incorporate the mark/name HERTZ) as set forth on Schedule B, for the Interim Period, in the United States and Puerto Rico, as more fully set forth in the Trademark, Trade Name, Domain and Related Rights License Agreement attached as Exhibit A.  HERC shall immediately discontinue use of the HSI (HERTZ) US ERB Trademarks upon expiration of the Interim Period, or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement. 
2.4    In the case of the HSI HERC Foreign ERB Trademarks:
2.4.1    HSI will assign all right, title and interest in and to the HSI HERC Foreign ERB Trademarks (those foreign trademarks owned by HSI related to the ERB for the HERC trademarks) 

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as set forth on Schedule C to HERC as more fully set forth in the Trademark Assignment Agreements attached hereto as Exhibit B-1 (Canada) and Exhibit B-2 (all other foreign countries).
2.5    In the case of the HERC (HERTZ) US ERB Trademarks owned by HERC:
2.5.1    HERC will have the right to retain ownership and use of the HERC (HERTZ) US ERB Trademarks (those US trademarks owned by HERC related to the ERB that incorporate the mark/name HERTZ) as set forth on Schedule D for the Interim Period.  HERC shall immediately discontinue use of the HERC (HERTZ) US ERB Trademarks and abandon or voluntarily withdraw or cancel any applications or registrations therefor upon expiration of the Interim Period as more fully set forth in the Coexistence Agreement attached hereto as Exhibit C and/or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement.  The Parties shall cooperate to ensure that no confusion arises in the marketplace during the Interim Period, as more fully set forth in the Coexistence Agreement.  
2.6    In the case of the HERC (HERC) US ERB Trademarks owned by HERC:
2.6.1    HERC shall retain ownership and the right to use the HERC (HERC) US ERB Trademarks (those US trademarks owned by HERC related to the ERB that do not incorporate the mark/name HERTZ) as set forth on Schedule E.

2.7.    In the case of the THC (HERTZ) ERB Domains owned by THC:

2.7.1    THC will retain ownership and will, subject to compliance with the terms of this Agreement, grant a royalty-free, non-exclusive license to HERC to use the THC (HERTZ) ERB Domains (those domains owned by THC related to the ERB that incorporate the mark/name HERTZ) as set forth on Schedule F, for the Interim Period, as more fully set forth in the Trademark, Trade Name, Domain and Related Rights License Agreement.  HERC shall immediately discontinue use of the THC (HERTZ) ERB Domains upon the expiration of the Interim Period or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement.  HERC shall make certain that no THC (HERTZ) ERB Domains resolve to a website upon the expiration of the Interim Period or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement. 

2.8    In the case of the THC ERB Domains owned by THC:

2.8.1    THC will assign all right, title and interest in and to the THC ERB Domains (those domains owned by THC related to the ERB that do not incorporate the mark/name HERTZ) as set forth on Schedule G to HERC and as more fully set forth in the Domain Name Assignment attached hereto as Exhibit D.

2.9    In the case of the use of the mark/name HERTZ in the company name Hertz Equipment Rental Corporation (HERC):

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2.9.1    HSI will, subject to compliance with the terms of this Agreement, grant a royalty-free, non-exclusive worldwide license to HERC to use the mark/name HERTZ as part of company names for the Interim Period, as more fully set forth in the Trademark, Trade Name, Domain and Related Rights License Agreement attached as Exhibit A. Notwithstanding anything to the contrary herein, HERC shall immediately discontinue use of the mark/name as part of its company name upon expiration of the Interim Period or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement.  HERC shall take all steps to change the company name so as to not to include the mark/name HERTZ by the expiration of the Interim Period.

2.10    In the case of the Other Intellectual Property:  

2.10.1    THC and/or HSI will retain ownership and will grant a royalty-free, non-exclusive license to HERC to use such Other Intellectual Property for the Interim Period, as more fully set forth in the Trademark, Trade Name, Domain and Related Rights License Agreement attached as Exhibit A.  HERC shall immediately discontinue use of the Other Intellectual Property upon expiration of the Interim Period, or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement.

2.11    With respect to the Parties’ use of the HERTZ and HERC trademarks worldwide:

2.11.1    With respect to HSI’s worldwide use of the VRB Trademarks incorporating the name/mark HERTZ and HERTZ-formative trademarks and designs and HERC’s use of the HERC trademarks (including HERC, HERC360 and other HERC-formative trademarks and designs) in connection with the ERB, the Parties shall cooperate to ensure that no confusion arises in the worldwide marketplace, as more fully set forth in the Coexistence Agreement attached hereto as Exhibit C.  

2.12    Nothing in this Agreement or the other ancillary agreements thereto shall affect or limit the rights confirmed in the license effective April 1, 1998 between HSI and HERC, and the sublicense effective April 1, 1998 between HERC as Sub-Licensor and Matthews Equipment Limited and Hertz Canada Equipment Rental Partnership as Sub-Licensees, which remain in full force and effect, save and except that such license and sublicense shall not expire before the later of the expiration of the Interim Period or the final determination or resolution of the action pending as T-409-16 in the Federal Court of Canada (including any appeals thereof).

3.    Protection/Maintenance and Enforcement of HSI (HERTZ) Foreign ERB Trademarks and HSI (HERTZ) US ERB Trademarks during Interim Period.

3.1    During the Interim Period, HSI shall take all necessary and reasonable actions to preserve and protect the validity of the HSI (HERTZ) Foreign ERB Trademarks, the HSI HERC Foreign ERB Trademarks and the HSI (HERTZ) US ERB Trademarks licensed to HERC and HSI shall continue to prosecute all applications and maintain any registrations therefor.  HERC shall not take any action that would harm or jeopardize the licensed HSI (HERTZ) Foreign ERB Trademarks, the HSI HERC Foreign ERB Trademarks or HSI (HERTZ) US ERB Trademarks.  HERC shall assist 

5

                                                

in such actions to the extent required and requested by HSI for establishing use of the HSI (HERTZ) Foreign ERB Trademarks, the HSI HERC Foreign ERB Trademarks and HSI (HERTZ) US ERB Trademarks during the Interim Period.  HSI shall also enforce the HSI (HERTZ) Foreign ERB Trademarks, the HSI HERC Foreign ERB Trademarks and HSI (HERTZ) US ERB Trademarks during the Interim Period as more fully set forth in the Trademark, Trade Name, Domain and Related Rights License Agreement.  HERC shall be responsible for reimbursing THC and/or HSI for all costs in connection with prosecuting all applications and maintaining in full force and effect all registrations for the HSI (HERTZ) Foreign ERB Trademarks, the HSI HERC Foreign ERB Trademarks and HSI (HERTZ) US ERB Trademarks during the Interim Period.

4.    Ownership.  The Parties acknowledge and affirm their respective rights in and to the relevant trademark and related rights subject to this Agreement and neither Party shall directly or indirectly attack, challenge or impair the title and related rights of the other Party during the Interim Period or any time thereafter.  The Parties shall cooperate to protect, maintain and enforce all relevant trademark and related rights subject to this Agreement.

5.    Infringement and Indemnification.
    
5.1    Notice of Infringement.  HERC shall promptly notify HSI of the use of any mark by any third party which HERC considers might be an infringement or passing off of any HERTZ or HERTZ-formative intellectual property used by or licensed to HERC pursuant to the terms hereof or the Trademark, Trade Name, Domain and Related Rights License Agreement.  However, HSI shall have the sole right to decide whether or not proceedings shall be brought against such third parties.  In the event that HSI decides that action should be taken against such third parties, HSI may take such action either in its own name or, alternatively, HSI may authorize HERC to initiate such action in HERC’s name.  In any event, the Parties agree to cooperate fully with each other to the extent necessary to prosecute such action, all expenses being borne by the Party bringing such action and all damages which may be recovered being solely for the account of that Party.

5.2    Indemnification of HERC related to use of HERTZ trademark during the Interim Period.  HSI shall defend, indemnify and hold HERC harmless against any and all claims, suits, actions or other proceedings whatsoever brought against HERC based on third-party claims of trademark infringement in connection with HERC’S use of the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the HERC (HERTZ) US ERB Trademarks and the Other Intellectual Property to the extent such claims, suits, actions or other proceedings are based upon use of the HERTZ element comprising a HSI (HERTZ) Foreign ERB Trademark, HSI (HERTZ) US ERB Trademark, HERC (HERTZ) US ERB Trademark or Other Intellectual Property during the Interim Period only and from claims of third parties against HERC or any of its affiliates stemming from HERTZ’s use of the HERTZ trademarks.  

5.3    Indemnification of THC and HSI.  Except as provided in Section 5.2, HERC shall defend, indemnify and hold THC, HSI, and their affiliates, and each of their officers, directors, agents, and employees harmless from and against all costs, expenses, taxes (including interest and penalties, and determined without regard to the tax attributes of any indemnitee) and losses (including reasonable attorney fees and costs) incurred from claims of third parties (including any taxing 

6

                                                

authority) against either THC, HSI or any of their affiliates stemming from any of the activities contemplated under this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement and HERC’s use of the HERC trademarks, including without limitation any transfers of rights and actions which relate in any way to the manufacture, distribution, sale or performance or promotion of the Foreign and US Licensed Products and Services (as defined in the Trademark, Trade Name, Domain and Related Rights License Agreement).  This provision shall survive the expiration or earlier termination of this Agreement and the Trademark, Trade Name, Domain and Related Rights License Agreement.

5.4    Indemnity Procedure.  All claims for indemnification under Section 5.2 and Section 5.3 and any other disputes that arise under this Agreement and the ancillary agreements exhibited hereto will be made in accordance with and governed by the procedures set forth in Article V of the Distribution Agreement.

6.    Insurance. HERC shall, throughout the term of this Agreement, obtain and maintain at its own cost and expense, from a qualified AAA-rated insurance company, a standard liability insurance and business interruption policy along with advertising injury protection, all of which must be acceptable to THC and HSI, and which must name THC and HSI as additional insureds. Such policy shall provide, in addition to other protection, protection against any and all claims, demands, and causes of action arising out of any act, omission, negligence or otherwise giving rise to a third party claim. The amount of coverage shall be a minimum of three million dollars ($3,000,000) combined single limit, with no deductible amount for each single occurrence for bodily injury and/or property damage.  HERC shall provide for ten (10) days notice to THC and HSI in the event of any modification, cancellation or termination. HERC agrees to furnish THC and HSI Certificates of Insurance evidencing same within thirty (30) days after the execution of this Agreement.  In no event shall HERC perform or promote the carry out the activities contemplated under this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement prior to receipt by THC and HSI of evidence of insurance.

7.    Confidentiality.  Unless otherwise agreed to by the Parties or except as otherwise provided in this Agreement or the Distribution Agreement, any Confidential Information (as defined in the Distribution Agreement) furnished pursuant to this Agreement shall be subject to the confidentiality provisions and restrictions on disclosure set forth in Section 6.7 of the Distribution Agreement.

8.    Breach and Termination.  

8.1    By THC or HSI upon Notice. In the event of a material breach of this Agreement or any of the ancillary agreements exhibited hereto, THC or HSI may notify HERC of such material breach and terminate this Agreement upon written notice.  If HERC has not cured any such breach within thirty (30) days after HERC receives such notice, this Agreement shall automatically terminate without further notice. Notwithstanding the foregoing, if the nature of the breach is such that it cannot be cured, then this Agreement shall automatically terminate upon notice of termination by THC or HSI to HERC (without any opportunity to cure the breach).

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8.2    By THC or HSI Immediately.  THC or HSI shall have the right to immediately terminate this Agreement if HERC: (i) becomes insolvent, or (ii) files a petition in bankruptcy or is adjudicated a bankrupt, or if a petition in bankruptcy is filed against HERC and not dismissed within thirty (30) days, or (iii) makes an assignment for the benefit of its creditors or an arrangement pursuant to any bankruptcy law, or (iv) discontinues its business, or (v) causes or suffers a receiver to be appointed for it or its business and such receiver has not been discharged within thirty (30) days after the date of appointment thereof

8.3    No Waiver.  No refusal by either THC or HSI to terminate this Agreement in accordance this section will be deemed to be a waiver of such Party’s right to terminate upon any subsequent or future event by which such party has, or is provided with, the right to terminate this Agreement.

8.4    Effect of Termination.  Termination of this Agreement shall not result in the termination of any provisions herein which by their nature are meant to survive termination (including any covenants herein related to discontinuation of use of licensed intellectual property and the indemnification provisions hereof), nor shall it relieve any Party of liability for breaches of the terms hereof prior to termination.  For the avoidance of doubt, the Parties agree that in the event of termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement, Section 4.4 of the Trademark, Trade Name, Domain and Related Rights License Agreement contains additional provisions related to termination of licensed intellectual property pursuant to the terms hereof that shall apply as if contained herein.

9.    Non-Competition. During the Interim Period, neither HERC nor any of its affiliates or subsidiaries shall, directly or indirectly, engage in the business of renting or leasing cars, crossovers or light trucks (including sport utility vehicles and light commercial vehicles) in [any country in which THC or any of its affiliates or subsidiaries rents or leases cars, crossovers or light trucks (including sport utility vehicles and light commercial vehicles) as of the date of this Agreement] without THC’s prior written consent, except to the extent materially consistent in type and scope with HERC’s operations immediately prior to the date of this IPA.  This provision shall survive the expiration or earlier termination of this Agreement.

10.    Governing Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of New York, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York.

11.    Notices. 

11.1    All notices or other communications required to be sent or given under this Agreement or any ancillary agreement exhibited hereto will be in writing and will be delivered personally, by commercial overnight courier, by facsimile or by electronic mail, directed to the addresses set forth below. Notices are deemed properly given as follows: (a) if delivered personally, on the date delivered, (b) if delivered by a commercial overnight courier, one (1) business day after such notice is sent, and (c) if delivered by facsimile or electronic mail, on the date of transmission, with 

8

                                                

confirmation of transmission; provided, however, that if the notice is sent by facsimile or electronic mail, the notice must be followed by a copy of the notice being delivered by a means provided in (a) or (b):

If THC, to:

8501 Williams Road
Estero, Florida 33928
Attn:  General Counsel
Fax: (866) 888-3765
E-mail:  rfrecker@hertz.com

If HSI, to:

8501 Williams Road
Estero, Florida 33928
Attn:  General Counsel
Fax: (866) 888-3765
E-mail:  rfrecker@hertz.com
        
If HERC, to:
    
27500 Riverview Center Blvd.
Bonita Springs, Florida 34135
Attn:  Chief Legal Officer
Fax:  [(___) ___-_____]
E-mail:  mwaryjas@hertz.com

12.    Miscellaneous.

12.1    Authority.  Each Party represents, warrants, and agrees that its corporate officers executing the Agreement have been duly authorized and empowered to do so.

12.2    Assignment.  HERC may not assign, transfer, sublicense or delegate any of its rights hereunder or delegate its obligations hereunder without the prior written consent of HSI, and any such purported assignment, transfer, sublicense or delegation, in the absence of such consent, shall be void and without effect.

12.3    Entire Understanding/Amendment. This Agreement, the agreements exhibited hereto, the Distribution Agreement and the Ancillary Agreements (as defined in the Distribution Agreement) set forth the entire agreement and understanding between the Parties with respect to the subject matter hereof and may not be orally changed, altered, modified or amended in any respect. To effect any change, modification, alteration or amendment of this Agreement, the same must be in writing, signed by all Parties hereto.

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12.4    Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of all successors and assigns of the Parties (including by way of merger or sale of all or substantially all assets), subject to the restrictions on assignment set forth herein.

12.5    No Waiver. Except as otherwise provided in this Agreement, neither Party waives any rights under this Agreement by delaying or failing to enforce such rights.  No waiver by any Party of any breach or default hereunder shall be deemed to be a waiver of any subsequent breach or default.  Any agreement on the part of any Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such Party.

12.6    Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction or other authoritative body, such invalidity or unenforceability will not affect any other provision of this Agreement. Upon such determination that a provision is invalid or unenforceable, the Parties will negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible.

12.7    Relationship of Parties.  Each Party shall act as an independent contractor in carrying out its obligations under this Agreement.  Nothing contained in this Agreement shall be construed to imply a joint venture, partnership or principal/agent relationship between the Parties and neither Party by virtue of this Agreement shall have the right, power or authority to act or create any obligation, express or implied, on behalf of the other Party.

12.8    Construction. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the Party causing this Agreement to be drafted.  

12.9    Exhibits/Schedules. All exhibits and schedules attached to this Agreement are incorporated herein by reference as though fully set forth herein.

12.10    Headings.  The paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

12.11    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the Parties hereto and may be used in lieu of the original version of this Agreement for all purposes.  Signatures of the Parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

12.12.    Conflict.  In the event of a conflict between the terms and conditions of this Agreement and any ancillary agreement exhibited hereto, the terms and conditions of this Agreement will control.

12.13    Third Party Beneficiaries.  Except as otherwise provided hereunder in Section 5.2 and Section 5.3 with respect to indemnified parties, nothing contained in this Agreement shall be construed to create any third-party beneficiary rights in any individual.

10

                                                

    
*****

    

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

By:___________________     
Name:________________                              
Title: _________________

                    

HERTZ SYSTEM, INC.
                    
By:___________________     
Name:________________                              
Title: _________________
                
                    
HERC RENTALS INC.

By:                                             
Name:_________________                    
                       Title: __________________

11

                                                

SCHEDULE   A

HSI (HERTZ) FOREIGN ERB TRADEMARKS

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Afghanistan
	HERTZ
	HERTZ SYSTEM, INC.
	173
	11333
	07, 37

	Afghanistan
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	174
	11334
	07, 37

	Afghanistan
	HERTZ
	HERTZ SYSTEM, INC.
	 
	20
	35

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1945826
	39

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	2166231
	2397483
	7

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	2166232
	2397482
	37

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	 
	2109521
	12

	Australia
	HERTZ
	HERTZ SYSTEM, INC.
	328555
	328555
	39

	Australia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	441195
	39

	Australia
	HERTZ
	HERTZ SYSTEM, INC.
	1540428
	1540428
	07, 37

	Australia
	HERTZ SYSTEM
	HERTZ SYSTEM, INC.
	B 191212
	191212
	16

	Bahrain
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	112/91
	SM 865
	37

	Bahrain
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	113/91
	SM866
	39

	Bahrain
	HERTZ IN BLACK SQUARE (DEVICE)
	HERTZ SYSTEM, INC.
	 
	SM360
	39

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	79498
	 
	16

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	 
	9425
	12

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	114082
	 
	37

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	114081
	114081
	39

	Benelux
	HERTZ LEASE
	HERTZ SYSTEM, INC.
	956699
	676262
	16, 36, 37, 39

	Benelux
	HERTZ
	HERTZ SYSTEM, INC.
	533361
	38548
	06, 09, 12, 14, 16, 20, 21, 25, 26, 34

	Benelux
	HERTZ LEASING
	HERTZ SYSTEM, INC.
	706449
	155445
	36, 39

	BES Islands
	HERTZ
	HERTZ SYSTEM, INC.
	2803
	2803
	12, 16, 25, 37, 39

	BES Islands
	HERTZ
	HERTZ SYSTEM, INC.
	2802
	2802
	07, 37, 39

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	 
	810000598
	7.10

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	810550679
	810550679
	40.20

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	813330939
	813330939
	39

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	813330920
	813330920
	36

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	 
	4503074
	37

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	 
	200059564
	39

	Canada
	HERTZ
	HERTZ SYSTEM, INC.
	785792
	507733
	 

	Canada
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	1003295
	535889
	 

	Canada
	HERTZ RÉCOMPENSES OR PLUS
	HERTZ SYSTEM, INC.
	1580366
	TMA904303
	 

	Canada
	HERTZ SERVICE PUMP & COMPRESSOR
	HERTZ SYSTEM, INC.
	1648494
	 
	 

12

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Canada
	HERTZ
	HERTZ SYSTEM, INC.
	 
	103505
	 

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	 
	816318
	12

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	 
	736995
	9

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	421967
	850410
	7

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	421968
	850350
	37

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	 
	780876
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	2000009775
	1539809
	39

	China (PRC)
	HERTZ (HE ZI) IN CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	2000010657
	1569962
	12

	China (PRC)
	HERTZ (HE ZI) IN CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	2000010658
	1544848
	16

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	135587
	135587
	12

	China (PRC)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	93065294
	770272
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5045278
	5045278
	16

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5045277
	5045277
	25

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters (Special Form)
	HERTZ SYSTEM, INC.
	5543674
	5543674
	36

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters (Special Form)
	HERTZ SYSTEM, INC.
	5580185
	5580185
	37

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters (Special Form)
	HERTZ SYSTEM, INC.
	5543690
	5543690
	39

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters in Color (Yellow)
	HERTZ SYSTEM, INC.
	5543689
	5543689
	39

	China (PRC)
	HE SHI in Chinese Characters
	HERTZ SYSTEM, INC.
	5543688
	5543688
	39

	China (PRC)
	HERTZ LEASING in Chinese Characters
	HERTZ SYSTEM, INC.
	5543673
	5543673
	36

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5580186
	5580186
	37

	China (PRC)
	HERTZ in Colors (Yellow & Black)
	HERTZ SYSTEM, INC.
	5543686
	5543686
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5543672
	5543672
	36

	China (PRC)
	HE SHI in Chinese Characters in Color (Yellow & Black)
	HERTZ SYSTEM, INC.
	5543685
	5543685
	39

	China (PRC)
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	6224241
	6224241
	37

	China (PRC)
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	6224240
	6224240
	39

	China (PRC)
	HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	6286168
	6286168
	39

	China (PRC)
	HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	6293475
	6293475
	37

	China (PRC)
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	6554419
	6554419
	7

	China (PRC)
	HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	6554418
	6554418
	7

	China (PRC)
	HERTZ and HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	8016265
	8016265
	7

13

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	China (PRC)
	HERTZ and HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	8083562
	8083562
	37

	China (PRC)
	HERTZ and HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	8083561
	8083561
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	8083563
	8083563
	7

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	79240
	39

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	98043223
	216689
	7

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	98043872
	216160
	37

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	73852
	16

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	 
	19971/58904
	12

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	81043/79005
	39

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	1998-0005702
	112308/16639
	7

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	 
	112307
	37

	Curacao
	HERTZ
	HERTZ SYSTEM, INC.
	 
	3717
	12, 16, 25, 37, 39

	Curacao
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3270
	07, 37, 39

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	2003-11991
	135067
	39

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	 
	10393
	25

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	 
	101337
	70

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	 
	100651
	70

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	 
	5750 BOOK 23
	12

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	141 BOOK 20
	39

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	11998004847
	62 BOOK 120
	7

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	11998004829
	247 BOOK 111
	37

	Eritrea
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	NONE
	 

	European Community
	HERTZ
	HERTZ SYSTEM, INC.
	2293512
	2293512
	35, 36, 39

	European Community
	HERTZ
	HERTZ SYSTEM, INC.
	37465
	37465
	12, 37, 39

	European Community
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	37390
	37390
	12, 37, 39

	European Community
	HERTZ With Dropped Shadow
	HERTZ SYSTEM, INC.
	37721
	37721
	12, 37, 39

	European Community
	HERTZ
	HERTZ SYSTEM, INC.
	108159
	108159
	07, 16

	France
	HERTZ EQUIPEMENT
	HERTZ SYSTEM, INC.
	98712893
	98712893
	07, 37

	France
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1299376
	39

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	 
	11047
	12

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	5541/91
	69259
	39

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	5812/98
	98206
	7

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	5813/98
	101236
	37

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	 
	8570
	12

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	 
	141
	39

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	9243/98
	75404
	7

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	9242/98
	5475
	37

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	 
	B1280/1968
	16

14

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	7956/89
	1798/1993
	7

	Hong Kong
	HERTZ EQUIPMENT RENTAL & DESIGN
	HERTZ SYSTEM, INC.
	7957/89
	4884/1993
	7

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	9101/92
	1771/1994
	39

	Hong Kong
	HERTZ (HE ZI) IN CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	9102/92
	5274/1993
	39

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	9795/98
	199907839
	37

	Hong Kong
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	300934290
	300934290
	37, 39

	Hong Kong
	HERTZ EQUIPMENT RENTAL in Chinese Characters (Series of 2)
	HERTZ SYSTEM, INC.
	300958942
	300958942
	37, 39

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	 
	B 1279/1968
	12

	Iceland
	HERTZ
	HERTZ SYSTEM, INC.
	569/2003
	357/2003
	36, 39

	Iceland
	HERTZ IN RECTANGLE
	HERTZ SYSTEM, INC.
	144/1967
	62/1969
	39

	India
	HERTZ
	HERTZ SYSTEM, INC.
	1238957
	1238957
	37, 39

	India
	HERTZ
	HERTZ SYSTEM, INC.
	 
	371547B
	12

	India
	HERTZ
	HERTZ SYSTEM, INC.
	371548B
	371548
	16

	India
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	1590404
	1590404
	37, 39

	India
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	1648494
	1648494
	7

	Indonesia
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	IDM00040192
	37

	Iran (Islamic Republic of)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	18041
	12, 37, 39

	Iraq
	HERTZ & Iraqi Arabic Transliteration
	HERTZ SYSTEM, INC.
	45076
	45076
	07, 37

	Iraq
	HERTZ
	HERTZ SYSTEM, INC.
	45513
	 
	12, 39

	Iraq
	HERTZ
	HERTZ SYSTEM, INC.
	 
	 
	07, 37

	Iraq
	HERTZ in Iraqi Arabic Transliteration
	HERTZ SYSTEM, INC.
	 
	 
	07, 37

	Iraq
	HERTZ in Iraqi Arabic Transliteration
	HERTZ SYSTEM, INC.
	 
	 
	39

	Ireland
	HERTZ
	HERTZ SYSTEM, INC.
	6348/89
	137460
	7

	Israel
	HERTZ
	HERTZ SYSTEM, INC.
	236694
	236694
	07, 37

	Israel
	HERTZ
	HERTZ SYSTEM, INC.
	 
	25820
	39

	Italy
	HERTZ
	HERTZ SYSTEM, INC.
	RM1971C035119
	302011901977764
	36, 37, 39, 42

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	43590
	43590
	39

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	17430
	17430
	12

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	7/546
	32738
	7

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	 
	12879
	16

	Japan
	HERTZ & HERTZ in Katakana
	HERTZ SYSTEM, INC.
	35605/2001
	4551615
	16

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	33337/88
	2366618
	12

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	250151/92
	3059707
	39

	Japan
	HERTZ IN KATAKANA
	HERTZ SYSTEM, INC.
	250152/92
	3059708
	39

	Japan
	HERTZ JAPAN
	HERTZ SYSTEM, INC.
	100201/92
	3001240
	39

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	125221/94
	4097151
	16

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	2008-73644
	5429774
	07, 37, 39, 40, 43, 45

15

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Japan
	HERTZ IN KATAKANA
	HERTZ SYSTEM, INC.
	2008-73645
	5429775
	07, 37, 39, 40, 43, 45

	Jordan
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	59837
	37

	Jordan
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	59836
	39

	Jordan
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	NONE
	59991
	37

	Jordan
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	NONE
	59835
	39

	Jordan
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	72580
	12

	Jordan
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	29036
	29036
	7

	Jordan
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	29887
	29887
	12

	Jordan
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	29888
	29888
	16

	Kiribati
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3026
	37

	Kiribati
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3006
	39

	Kuwait
	HERTZ
	HERTZ SYSTEM, INC.
	25127
	25174
	12

	Kuwait
	HERTZ
	HERTZ SYSTEM, INC.
	25128
	25175
	16

	Kuwait
	HERTZ
	HERTZ SYSTEM, INC.
	32721
	30390
	39

	Lebanon
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	332/165617
	105941
	37, 39

	Lebanon
	HERTZ
	HERTZ SYSTEM, INC.
	109241
	109241
	39

	Libya
	HERTZ
	HERTZ SYSTEM, INC.
	4006
	 
	37

	Libya
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	4007
	 
	37

	Libya
	HERTZ
	HERTZ SYSTEM, INC.
	4008
	 
	39

	Libya
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	4009
	 
	39

	Malaysia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	306/83
	7

	Malaysia
	Hertz (Stylized) & Black & White Rectangles Label
	HERTZ SYSTEM, INC.
	83/00305
	83/00305
	7

	Malaysia
	HERTZ
	HERTZ SYSTEM, INC.
	18442/97
	18442/97
	39

	Malaysia
	HERTZ
	HERTZ SYSTEM, INC.
	9778/98
	9778/98
	37

	Malaysia (Malaya Peninsula)
	HERTZ
	HERTZ SYSTEM, INC.
	M/75756
	M/75756
	12

	Malaysia (Malaya Peninsula)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	M/75757
	16

	Malaysia (Sabah)
	HERTZ
	HERTZ SYSTEM, INC.
	19707
	S/19707
	12

	Malaysia (Sabah)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	S/19706
	16

	Malaysia (Sarawak)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	R/014946
	12

	Malaysia (Sarawak)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	R/014945
	16

	Maldives
	HERTZ
	HERTZ SYSTEM, INC.
	 
	NONE
	37, 39

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	 
	202537
	16

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	1070837
	1247629
	7

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	1070836
	1230689
	37

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	M112563
	117316
	39

16

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Mongolia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	208
	39

	Mongolia
	HERTZ
	HERTZ SYSTEM, INC.
	12377
	11032
	07, 37

	Mongolia
	HERTZ transliteration in Mongolian
	HERTZ SYSTEM, INC.
	12428
	11352
	07, 37

	Morocco
	HERTZ
	HERTZ SYSTEM, INC.
	63466
	63466
	07, 37

	Morocco
	HERTZ
	HERTZ SYSTEM, INC.
	 
	66790
	11

	New Zealand
	HERTZ
	HERTZ SYSTEM, INC.
	55852
	B 55852
	12

	New Zealand
	HERTZ
	HERTZ SYSTEM, INC.
	B182512
	182512
	39

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	 
	9604
	12

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	23401 CC
	39

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	2914/98
	R41162CC
	7

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	2915/98
	41171CC
	37

	Norway
	HERTZ
	HERTZ SYSTEM, INC.
	 
	46518
	12

	Norway
	HERTZ
	HERTZ SYSTEM, INC.
	6568/98
	194827
	07, 37

	Norway
	HERTZ
	HERTZ SYSTEM, INC.
	93297
	73553
	39

	Oman
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	5758
	5758
	37

	Oman
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	5759
	5759
	39

	Oman
	HERTZ
	HERTZ SYSTEM, INC.
	41033
	41033
	39

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	194504
	194504
	37

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	194450
	194450
	39

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	139442
	139442
	16

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	28499
	28499
	12

	Palau
	HERTZ
	HERTZ SYSTEM, INC.
	 
	NONE
	37, 39

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	 
	8111
	39

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	 
	32832
	39

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	95805
	95805
	7

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	95806
	95806
	37

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	 
	10638
	12

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	 
	5977
	39

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	 
	41597
	16

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	199846
	9959
	39

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	66874
	49569
	7

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	66875
	15875
	37

	Portugal
	HERTZ-EQUIPAMENTOS
	HERTZ SYSTEM, INC.
	410788
	410788
	37, 39

	Portugal
	HERTZE-CLIENT
	HERTZ SYSTEM, INC.
	410789
	410789
	37, 39

	Portugal
	HERTZ-ECLIENT
	HERTZ SYSTEM, INC.
	422093
	422093
	37, 39

	Puerto Rico
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	7783
	105

	Qatar
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	8682
	8682
	37

	Qatar
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	8683
	8683
	39

	Qatar
	HERTZ
	HERTZ SYSTEM, INC.
	93209
	 
	7

	Qatar
	HERTZ
	HERTZ SYSTEM, INC.
	93210
	 
	37

	Qatar
	HERTZ
	HERTZ SYSTEM, INC.
	93211
	 
	39

	Qatar
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	93212
	 
	7

	Saint Maarten
	HERTZ
	HERTZ SYSTEM, INC.
	 
	3717
	12, 16, 25, 37, 39

17

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Saint Maarten
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3720
	07, 37, 39

	Saudi Arabia
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	14037
	248/61
	37

	Saudi Arabia
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	14036
	248/89
	39

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	108333
	908/14
	39

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134949
	1080/90
	7

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134950
	1080/91
	12

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134951
	1103/89
	16

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134952
	1077/25
	37

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134944
	1094/82
	7

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134945
	1080/89
	12

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134946
	1094/73
	16

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134947
	1101/10
	37

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134948
	1105/93
	39

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	 
	T7875606Z
	12

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	 
	T7875607H
	16

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	2684/85
	T8502684E
	7

	Singapore
	Hertz (Stylized) & Black & White Rectangles Label
	HERTZ SYSTEM, INC.
	2690/85
	T8502690Z
	7

	Singapore
	Hertz (Stylized) & Black & White Rectangles Label
	HERTZ SYSTEM, INC.
	2689/85
	T8502689F
	12

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	1623/91
	T91/1623F
	37

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	1650/91
	T9101650C
	39

	South Africa
	HERTZ
	HERTZ SYSTEM, INC.
	0098/72
	0098/72
	39

	South Africa
	HERTZ
	HERTZ SYSTEM, INC.
	B2585/65
	B2585/65
	16

	South Korea
	HERTZ in Korean Characters
	HERTZ SYSTEM, INC.
	3393/90
	16098
	39

	South Korea
	HERTZ & Korean Characters
	HERTZ SYSTEM, INC.
	2000-1
	484128
	25

	South Korea
	HERTZ in Korean Characters
	HERTZ SYSTEM, INC.
	45-2008-0003818
	45-0031699
	07, 37

	South Korea
	HERTZ
	HERTZ SYSTEM, INC.
	45-2008-0003817
	45-0061698
	07, 37

	South Korea
	HERTZ
	HERTZ SYSTEM, INC.
	 
	118
	39

	Spain
	HERTZ ALQUILER DE MAQUINARIA & DEVICE
	HERTZ SYSTEM, INC.
	2569279
	2569279
	37

	Spain
	Hertz (Stylized) Plant Services (in Color)
	HERTZ SYSTEM, INC.
	2754245
	2754245
	37

	Syria
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	42632
	21515
	37, 39

	Syria
	HERTZ
	HERTZ SYSTEM, INC.
	303679
	112500
	39

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	 
	378540
	56

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	78/14028
	470431
	82

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	78/14029
	470528
	82

18

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	87036124
	113614
	37

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	97042374
	1416353
	7

	Taiwan (R.O.C.)
	HERTZ in Chinese Characters
	HERTZ SYSTEM, INC.
	97042372
	1393391
	07, 37, 39, 40, 43

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	101034719
	1565065
	37, 39

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	101034715
	1564340
	39

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	103006776
	1682823
	07, 12, 16

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	103007016
	1691497
	07, 12, 16

	Taiwan (R.O.C.)
	HERTZ in Chinese Characters
	HERTZ SYSTEM, INC.
	103006777
	 
	07, 37, 39, 40

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	34223
	66

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	88169
	279254/KOR25617
	12

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	88170
	279255/KOR25618
	16

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	134820
	253527/KOR10567
	7

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	255950
	255950/BOR1663
	39

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	367492
	367492/BOR8554
	37

	Tonga
	HERTZ
	HERTZ SYSTEM, INC.
	TO/M/13/02752
	2264
	37, 39

	Trinidad and Tobago
	HERTZ
	HERTZ SYSTEM, INC.
	 
	B 10503
	39

	Trinidad and Tobago
	HERTZ
	HERTZ SYSTEM, INC.
	24504
	24504
	39

	Trinidad and Tobago
	HERTZ
	HERTZ SYSTEM, INC.
	28577
	28577
	07, 37

	Turkey
	HERTZ
	HERTZ SYSTEM, INC.
	1999/4976
	209087
	07, 12, 16, 37

	Turkey
	HERTZ
	HERTZ SYSTEM, INC.
	 
	129382
	12, 16

	Tuvalu
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1506
	37

	Tuvalu
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1507
	39

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	2737
	1504
	39

	United Arab Emirates
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	2738
	1511
	39

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118882
	125998
	7

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118885
	126002
	12

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118887
	126003
	16

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118889
	126270
	37

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118876
	125999
	7

19

                                                

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118877
	126000
	12

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118878
	126001
	16

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118879
	126269
	37

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118880
	126267
	39

	United Kingdom
	HERTZ
	HERTZ SYSTEM, INC.
	1036020
	1036020
	16

	United Kingdom
	HERTZ
	HERTZ SYSTEM, INC.
	1275171
	1275171
	39

	United Kingdom
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	1482000
	1482000
	12

	United Kingdom
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	1482001
	1482001
	16

	United Kingdom
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	1482002
	1482002
	39

	United Kingdom
	HERTZ
	HERTZ SYSTEM, INC.
	2539261
	2539261
	37

	Uruguay
	HERTZ
	HERTZ SYSTEM, INC.
	 
	398787
	12

	Uruguay
	HERTZ
	HERTZ SYSTEM, INC.
	305991
	393448
	07, 37

	Uruguay
	HERTZ
	HERTZ SYSTEM, INC.
	 
	400780
	39

	Uzbekistan
	HERTZ in Cyrillic (Version 5)
	HERTZ SYSTEM, INC.
	MGU 20000848
	MGU 11471
	39

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	 
	31564F
	12

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	 
	107915-F
	7

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	 
	17611 D
	37

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	4566/95
	S004296
	39

	Vietnam
	HERTZ
	HERTZ SYSTEM, INC.
	1881
	1803
	39

	Vietnam
	HERTZ
	HERTZ SYSTEM, INC.
	1778/92
	8374
	12, 16

	Vietnam
	HERTZ
	HERTZ SYSTEM, INC.
	4-2008-16233
	132291
	07, 37

	Vietnam
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	4-2008-16234
	145524
	07, 37

	Yemen, Republic of (TM)
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	7088
	7656
	37

	Yemen, Republic of (TM)
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	7089
	7657
	39

	Yemen, Republic of (TM)
	HERTZ
	HERTZ SYSTEM, INC.
	12530
	10018
	37

	Yemen, Republic of (TM)
	HERTZ
	HERTZ SYSTEM, INC.
	12835
	10250
	39

	 
	 
	 
	 
	 
	 

20

                                                

SCHEDULE  B

HSI (HERTZ) US ERB TRADEMARKS

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	United States
	HERTZ Stylized on Yellow Trapezoid (Streamline)
	HERTZ SYSTEM, INC.
	86288666
	4691285
	39

	United States
	HERTZ
	HERTZ SYSTEM, INC.
	78240462
	2830130
	16

	United States
	HERTZ
	HERTZ SYSTEM, INC.
	71657133
	614123
	39

	United States
	Hertz With Stippling & Dropped Shadow
	HERTZ SYSTEM, INC.
	74150193
	1733621
	39

	United States
	Hertz in Yellow Horizontal Strip
	HERTZ SYSTEM, INC.
	76702523
	4292510
	39

	United States
	Hertz in Yellow Vertical Strip
	HERTZ SYSTEM, INC.
	76702521
	4292509
	39

	United States
	Hertz in Yellow Rounded Rectangle
	HERTZ SYSTEM, INC.
	76702520
	4295844
	39

	United States
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	73360120
	1230391
	39

	 
	 
	 
	 
	 
	 

21

                                                

 SCHEDULE  C

HSI HERC FOREIGN ERB TRADEMARKS

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Afghanistan
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1815
	14689
	07, 37

	Canada
	HERC
	HERTZ SYSTEM, INC.
	Common Law
	 
	 

	Canada
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1611380
	TMA927410
	 

	Canada
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1694002
	 
	 

	Canada
	HercRentals Logo (black/white)
	HERTZ SYSTEM, INC.
	1765184
	 
	 

	Chile
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1044535
	1156290
	7

	Chile
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1044521
	1090034
	37

	China (PRC)
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	12165794
	12165794
	7

	China (PRC)
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	12165793
	12165793
	37

	Colombia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	13029419
	495119
	7

	Colombia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	13029414
	495118
	37

	European Community
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	11517381
	11517381
	07, 37

	Panama
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	220338-01
	220338-01
	07, 37

	Saudi Arabia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	191672
	 
	7

	Saudi Arabia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	191673
	 
	37

	Turkey
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	2013/09663
	2013/09663
	07, 37

	United Arab Emirates
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	185989
	185989
	7

	United Arab Emirates
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	185991
	185991
	37

	 
	 
	 
	 
	 
	 

22

                                                

SCHEDULE   D

HERC (HERTZ) US ERB Trademarks

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	United States
	HERTZ SERVICE PUMP & COMPRESSOR
	HERTZ EQUIPMENT RENTAL CORPORATION
	86095047
	4571223
	35, 37

	United States
	HERTZ
	HERTZ EQUIPMENT RENTAL CORPORATION
	72145695
	750300
	42

	United States
	HERTZ EQUIPMENT RENTAL
	HERTZ EQUIPMENT RENTAL CORPORATION
	75007011
	2013590
	37

	Puerto Rico
	HERTZ EQUIPMENT RENTAL
	HERTZ EQUIPMENT RENTAL CORPORATION
	43019
	43019
	37

	 
	 
	 
	 
	 
	 

23

                                                

SCHEDULE  E

HERC (HERC) US ERB TRADEMARKS

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	United States
	WHEN THE JOB REQUIRES MORE THAN A TOOLBELT
	HERTZ EQUIPMENT RENTAL CORPORATION
	86548595
	 
	37

	United States
	SERVICE PUMP & COMPRESSOR
	HERTZ EQUIPMENT RENTAL CORPORATION
	76527078
	3052099
	35, 37

	United States
	Propeller Design in Concentric Circles & Lines
	HERTZ EQUIPMENT RENTAL CORPORATION
	76527063
	3131552
	35, 37

	United States
	HERC
	HERTZ EQUIPMENT RENTAL CORPORATION
	73826866
	1609358
	37

	United States
	E-SERVICES PROGRAM
	HERTZ EQUIPMENT RENTAL CORPORATION
	77575557
	3895655
	35

	United States
	E-SERVICES PROGRAM
	HERTZ EQUIPMENT RENTAL CORPORATION
	77980685
	3960620
	37, 40

	United States
	E-SP
	HERTZ EQUIPMENT RENTAL CORPORATION
	77575567
	4080388
	35, 37, 40

	United States
	HERC 360 in Concentric Bolt Like Circles
	HERTZ EQUIPMENT RENTAL CORPORATION
	85831633
	4492377
	37

	United States
	HERC READY FINANCE
	HERTZ EQUIPMENT RENTAL CORPORATION
	85915696
	4477274
	36

	 
	 
	 
	 
	 
	 

24

                                                

 
SCHEDULE  F

THC (HERTZ) ERB DOMAINS

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	cehertzequipement-ouestsudouest.com
	2016-12-24
	registered locked
	Auto Renewal
	.com

	HERC
	hertzservicepump.ca
	2016-05-27
	registered locked
	Auto Renewal
	.ca

	HERC
	hertsequip.com
	2016-11-20
	registered locked
	Auto Renewal
	.com

	HERC
	hertzservicepump.com
	2017-02-22
	registered locked
	Auto Renewal
	.com

	HERC
	hertz.equipment
	 
	closed
	Auto Renewal
	.equipment

	HERC
	hertztrenchservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzaerial.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzusedequipment.cn
	2010-03-19
	closed
	Auto Renewal
	.cn

	HERC
	hertzaerialservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzusedequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzeequip.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzusedequipment.com
	2016-12-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzeequip.com
	2016-07-21
	registered locked
	Auto Renewal
	.com

	HERC
	hertzusedequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzeequip.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzusedequipment.com.cn
	2010-03-19
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzeequip.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzusedequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzenergy.com
	2016-07-09
	registered locked
	Auto Renewal
	.com

	HERC
	htzpartners.com
	2016-08-30
	registered locked
	Auto Renewal
	.com

	HERC
	hertzenergyservices.ca
	2017-02-17
	registered locked
	Auto Renewal
	.ca

	HERC
	赫兹设备.cn - Hertz Equipment .cn
	 
	 
	 
	 

	HERC
	hertzenergyservices.cn
	2016-03-25
	registered locked
	Auto Renewal
	.cn

	HERC
	赫兹设备.中国 - Hertz Equipment. China
	 
	 
	 
	 

	HERC
	hertzenergyservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	赫兹设备租赁.cn - Hertz Equipment Rental .cn
	 
	 
	 
	 

	HERC
	hertzenergyservices.es
	2017-02-17
	registered locked
	Auto Renewal
	.es

	HERC
	赫兹设备租赁.中国 - Hertz Equipment Rental China.
	 
	 
	 
	 

	HERC
	hertzenergyservices.fr
	2017-02-17
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzenergyservices.it
	2016-04-23
	registered locked
	Auto Renewal
	.it

	HERC
	hertzenergyservices.net
	2017-02-17
	registered locked
	Auto Renewal
	.net

	HERC
	hertzenergyservices.us
	2017-02-16
	registered locked
	Auto Renewal
	.us

	HERC
	hertzentertainment.com
	2016-03-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzentertainmentservices.biz
	2016-05-10
	registered locked
	Auto Renewal
	.biz

	HERC
	hertzentertainmentservices.ca
	2016-05-12
	registered locked
	Auto Renewal
	.ca

	HERC
	hertzentertainmentservices.co.nz
	2016-05-13
	registered locked
	Auto Renewal
	.co.nz

	HERC
	hertzentertainmentservices.co.uk
	2016-05-11
	registered locked
	Auto Renewal
	.co.uk

25

                                                

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	hertzentertainmentservices.com
	2016-05-11
	registered locked
	Auto Renewal
	.com

	HERC
	hertzentertainmentservices.com.au
	2017-05-12
	registered locked
	Auto Renewal
	.com.au

	HERC
	hertzentertainmentservices.es
	2016-05-11
	registered locked
	Auto Renewal
	.es

	HERC
	hertzentertainmentservices.fr
	2016-05-12
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzentertainmentservices.info
	2016-05-11
	registered locked
	Auto Renewal
	.info

	HERC
	hertzentertainmentservices.net
	2016-05-11
	registered locked
	Auto Renewal
	.net

	HERC
	hertzentertainmentservices.org
	2016-05-11
	registered locked
	Auto Renewal
	.org

	HERC
	hertzentsvs.com
	2016-04-20
	registered locked
	Auto Renewal
	.com

	HERC
	hertzeqip.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzeqip.cn
	2010-03-19
	closed
	Auto Renewal
	.cn

	HERC
	hertzeqip.com
	2016-11-15
	registered locked
	Auto Renewal
	.com

	HERC
	hertzeqip.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzeqip.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzeqip.net.cn
	2010-03-19
	closed
	Auto Renewal
	.net.cn

	HERC
	hertzequip.af
	2016-03-26
	registered locked
	Auto Renewal
	.af

	HERC
	hertzequip.asia
	2016-06-05
	registered locked
	Auto Renewal
	.asia

	HERC
	hertzequip.ca
	2016-07-07
	registered locked
	Auto Renewal
	.ca

	HERC
	hertzequip.cc
	2016-06-05
	registered locked
	Auto Renewal
	.cc

	HERC
	hertzequip.cn
	2012-10-10
	closed
	Auto Renewal
	.cn

	HERC
	hertzequip.cn
	2016-10-10
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequip.cnkeyword
	2016-06-17
	registered locked
	Auto Renewal
	.cnkeyword

	HERC
	hertzequip.com
	2016-09-10
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequip.com.cn
	2016-10-10
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequip.com.cn
	2012-10-10
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzequip.com.pl
	2017-02-08
	registered unlocked
	Auto Renewal
	.com.pl

	HERC
	hertzequip.com.sa
	2016-09-28
	registered locked
	Auto Renewal
	.com.sa

	HERC
	hertzequip.com.tw
	2016-06-23
	registered locked
	Auto Renewal
	.com.tw

	HERC
	hertzequip.es
	2016-05-28
	registered locked
	Auto Renewal
	.es

	HERC
	hertzequip.fr
	2017-02-17
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzequip.hk
	2016-06-06
	registered locked
	Auto Renewal
	.hk

	HERC
	hertzequip.in
	2016-06-23
	registered locked
	Auto Renewal
	.in

	HERC
	hertzequip.mx
	2016-05-26
	registered locked
	Auto Renewal
	.mx

	HERC
	hertzequip.name
	2016-06-05
	registered locked
	Auto Renewal
	.name

	HERC
	hertzequip.net
	2016-06-23
	registered locked
	Auto Renewal
	.net

	HERC
	hertzequip.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequip.net.cn
	2010-03-19
	closed
	Auto Renewal
	.net.cn

	HERC
	hertzequip.pl
	2017-02-08
	registered locked
	Auto Renewal
	.pl

	HERC
	hertzequip.qa
	2016-08-14
	registered locked
	Auto Renewal
	.qa

	HERC
	hertzequip.travel
	2016-10-08
	registered locked
	Auto Renewal
	.travel

	HERC
	hertzequip.tv
	2016-10-09
	registered locked
	Auto Renewal
	.tv

	HERC
	hertzequip.tw
	2016-06-05
	registered locked
	Auto Renewal
	.tw

	HERC
	hertz-equipamentos.pt
	2016-07-01
	registered locked
	Auto Renewal
	.pt

	HERC
	hertzequipauctions.com
	2016-07-06
	registered locked
	Auto Renewal
	.com

	HERC
	hertz-equipement.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertz-equipement.com
	2017-01-04
	registered locked
	Auto Renewal
	.com

	HERC
	hertz-equipement.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertz-equipement.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

26

                                                

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	hertzequipment.ca
	2016-07-13
	registered locked
	Auto Renewal
	.ca

	HERC
	hertzequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequipment.com
	2016-03-19
	registered locked
	Auto Renewal
	.com

	HERC
	hertz-equipment.com
	2016-10-24
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequipment.fr
	2016-05-30
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzequipment.net
	2016-11-12
	registered locked
	Auto Renewal
	.net

	HERC
	hertzequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequipment.net.cn
	2010-03-19
	closed
	Auto Renewal
	.net.cn

	HERC
	hertzequipmentrental.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequipmentrental.com
	2016-05-24
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipmentrental.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequipmentrental.com.vn
	2016-07-21
	registered locked
	Auto Renewal
	.com.vn

	HERC
	hertzequipmentrental.net
	2016-09-24
	registered locked
	Auto Renewal
	.net

	HERC
	hertzequipmentrental.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequipmentrental.vn
	2016-07-21
	registered locked
	Auto Renewal
	.vn

	HERC
	hertzequipmentrental.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	hertzequipmentrentalcleveland.com
	2016-05-16
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipmentrentals.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequipmentrentals.com
	2016-12-21
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipmentrentals.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequipmentrentals.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequipmentsales.com
	2016-09-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequiprentals.ca
	2016-03-01
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequiprentals.com
	2016-03-01
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipsales.com
	2016-09-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipsurvey.com
	2016-09-15
	registered locked
	Auto Renewal
	.com

	HERC
	hertzheavyequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzheavyequipment.com
	2016-07-16
	registered locked
	Auto Renewal
	.com

	HERC
	hertzheavyequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzheavyequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzheavyequipmentrental.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzheavyequipmentrental.com
	2016-04-14
	registered locked
	Auto Renewal
	.com

	HERC
	hertzheavyequipmentrental.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzheavyequipmentrental.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzheavymachinery.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzheavymachinery.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzheavymachinery.com.cn
	2010-03-19
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzheavymachinery.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzplantservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzpumps.cn
	2010-03-19
	closed
	Auto Renewal
	.cn

	HERC
	hertzpumps.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzpumps.com
	2017-02-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzpumps.com.cn
	2010-03-19
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzpumps.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzpumps.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

27

                                                

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	hertzpumpservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzquip.com
	2016-11-27
	registered locked
	Auto Renewal
	.com

	HERC
	hertzrentalequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzrentalequipment.com
	2016-06-13
	registered locked
	Auto Renewal
	.com

	HERC
	hertzrentalequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzrentalequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	 
	hertzrentals.ca
	6/23/2016
	 
	 
	.ca

28

                                                

SCHEDULE  G

THC ERB DOMAINS

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	1hercsurvey.ca
	2016-04-11
	registered locked
	Auto Renewal
	.ca

	HERC
	1hercsurvey.com
	2016-04-11
	registered locked
	Auto Renewal
	.com

	HERC
	1stcallequip.com
	2016-09-05
	registered locked
	Auto Renewal
	.com

	HERC
	247studioequipment.com
	2016-03-28
	registered locked
	Auto Renewal
	.com

	HERC
	arpielleequipment.com
	2017-02-17
	registered locked
	Auto Renewal
	.com

	HERC
	cinelease.co
	2016-08-12
	registered locked
	Auto Renewal
	.co

	HERC
	cinelease.co.uk
	2016-08-12
	registered locked
	Auto Renewal
	.co.uk

	HERC
	cinelease.com
	2022-12-03
	registered locked
	Auto Renewal
	.com

	HERC
	cinelease.net
	2016-02-24
	registered locked
	Auto Renewal
	.net

	HERC
	cinelease.uk
	2016-08-11
	registered locked
	Auto Renewal
	.uk

	HERC
	e-servicesprogram.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	e-sp.xxx
	2016-12-06
	registered locked
	Auto Renewal
	.xxx

	HERC
	equipmentpoint.com
	2016-06-10
	registered locked
	Auto Renewal
	.com

	HERC
	eservicesprogram.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	firstcallequip.com
	2016-09-05
	registered locked
	Auto Renewal
	.com

	HERC
	herc.us
	2016-06-23
	registered locked
	Auto Renewal
	.us

	HERC
	herc.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	herc360.com
	2016-04-04
	registered locked
	Auto Renewal
	.com

	HERC
	hercdigthemusic.com
	2016-09-13
	registered locked
	Auto Renewal
	.com

	HERC
	hercequip.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	hercequipmentrental.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	hercewp.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hercfranchise.com
	2016-05-03
	registered locked
	Auto Renewal
	.com

	HERC
	hercreadyfinance.com
	2017-03-24
	registered locked
	Auto Renewal
	.com

	HERC
	hercrental.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	hercrentals.co
	2017-09-23
	registered locked
	Auto Renewal
	.co

	HERC
	hercrentals.com
	2017-09-23
	registered locked
	Auto Renewal
	.com

	HERC
	hercrentals.info
	2017-09-23
	registered locked
	Auto Renewal
	.info

	HERC
	hercrentals.net
	2017-09-23
	registered locked
	Auto Renewal
	.net

	HERC
	hercsupply.com
	2017-02-06
	registered locked
	Auto Renewal
	.com

	HERC
	hercsurvey.ca
	2016-04-11
	registered locked
	Auto Renewal
	.ca

	HERC
	hercsurvey.com
	2016-04-11
	registered locked
	Auto Renewal
	.com

	HERC
	hercusa.com
	2016-06-23
	registered locked
	Auto Renewal
	.com

	HERC
	hertsequip.com
	2016-11-20
	registered locked
	Auto Renewal
	.com

	HERC
	hrequipamentos.pt
	 
	closed
	Auto Renewal
	.pt

	HERC
	matthewequipment.com
	2016-08-24
	registered locked
	Auto Renewal
	.com

	HERC
	matthewsequipment.ca
	2016-05-28
	registered locked
	Auto Renewal
	.ca

	HERC
	matthewsequipment.com
	2016-07-14
	registered locked
	Auto Renewal
	.com

	HERC
	rentalequipment.net
	 
	closed
	Auto Renewal
	.net

	HERC
	rentalequipment.net
	2017-02-08
	registered locked
	Auto Renewal
	.net

	HERC
	rex-equipment.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rex-equipment.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rex-equipment.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

29

                                                

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	rex-equipment.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rexequipment.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rexequipment.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rexequipment.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

	HERC
	rexequipment.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rexequipmentrental.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rexequipmentrental.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rexequipmentrental.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

	HERC
	rexequipmentrental.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rexrentalequipment.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rexrentalequipment.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rexrentalequipment.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

	HERC
	rexrentalequipment.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rplequipment.com
	2016-05-01
	registered locked
	Auto Renewal
	.com

	HERC
	servicepumpandcompressor.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	spump.com
	 
	closed
	Auto Renewal
	.com

	HERC
	spump.com
	2016-11-09
	registered locked
	Auto Renewal
	.com

30

                                                

List of Exhibits 

Exhibit A – Trademark, Trade Name, Domain and Related Rights License Agreement

Exhibit B – Trademark Assignment Agreement

Exhibit C – Coexistence Agreement
 
                 Exhibit D – Domain Name Assignment Agreement
                

31

                                                

EXHIBIT A

TRADEMARK, TRADE NAME, DOMAIN AND RELATED RIGHTS LICENSE AGREEMENT

           THIS AGREEMENT (this “Agreement”), effective as of this    day of                2016 (the “Effective Date”), among THE HERTZ CORPORATION, a Delaware corporation, with an address of 8501 Williams Road, Estero, Florida 33928, United States of America (hereinafter “THC” or “Licensor”);  HERTZ SYSTEM, INC., a Delaware corporation, with an address of 8501 Williams Road, Estero, Florida 33928, United States of America (hereinafter “HSI” or  “Licensor”) and HERC RENTALS INC., a Delaware corporation, with an address of 27500 Riverview Center Blvd., Bonita Springs, Florida 34134 United States of America (hereinafter the “Licensee”) (hereinafter referred to collectively as the “Parties” and individually as a “Party”).  Unless otherwise indicated, capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the IPA (as defined below).

W I T N E S S E T H:

WHEREAS,  THC, HSI and Licensee have entered into an Intellectual Property Agreement (the “IPA”) dated  _______________ whereby, inter alia, HSI has agreed to license the HSI (HERTZ) Foreign ERB Trademarks, including the applications and registrations therefor, as more fully set forth on Schedule A, related to the Equipment Rental Business, or ERB, to Licensee;

WHEREAS, Licensee desires the right to use the HSI (HERTZ) Foreign ERB Trademarks in all jurisdictions outside the United States of America and Puerto Rico (the “Foreign Trademark Territory”) in the conduct and operation of Licensee’s Equipment Rental Business for the goods and services recited in Schedule A  (the “Foreign Licensed Products and Services”) for the Interim Period and HSI is willing to grant such right on the terms and conditions hereinafter provided; 

WHEREAS, pursuant to the IPA, HSI has also agreed to license the HSI (HERTZ) US ERB Trademarks, including the applications and registrations therefor, as more fully set forth on Schedule B, related to the Equipment Rental Business to Licensee;

WHEREAS, Licensee desires the right to use the HSI (HERTZ) US ERB Trademarks in the United States of America and Puerto Rico (the “US Trademark Territory”) in the conduct and operation of Licensee’s Equipment Rental Business for the goods and services recited in Schedule B (the “US Licensed Products and Services”) for the Interim Period and HSI is willing to grant such right on the terms and conditions hereinafter provided; 

WHEREAS, pursuant to the IPA, THC has also agreed to license the THC (HERTZ) ERB Domains, as more fully set forth on Schedule C, related to the Equipment Rental Business to Licensee;

32

                                                

WHEREAS, Licensee desires the worldwide right to use the THC (HERTZ) ERB Domains in the conduct and operation of Licensee’s Equipment Rental Business for the Interim Period and THC is willing to grant such right on the terms and conditions hereinafter provided; 
    
WHEREAS, pursuant to the IPA, HSI has also agreed to license to Licensee the mark/name HERTZ as part of Licensee’s company name; 

WHEREAS, Licensee desires the worldwide right to use the mark/name HERTZ as part of Licensee’s company name in the conduct and operation of Licensee’s Equipment Rental Business for the Interim Period and  HSI is willing to grant such right on the terms and conditions hereinafter provided; and     

NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:

1.    Definitions.

1.1    “Change of Control” means (i) the sale, lease, assignment or transfer, in one or a series of related transactions, of all or substantially all of the assets of HERC to any Person or group; or (ii) the acquisition by any Person or group of, or any other transaction or series of transactions the result of which is that any Person or group owns, a direct or indirect interest of fifty percent (50%) or more of the ownership of HERC or the voting power of the voting stock of HERC, by way of purchase, merger, consolidation or otherwise.  

1.2    “Equipment Rental Business” or “ERB” shall have the meaning set forth in the Intellectual Property Agreement.  

1.3    “Foreign Trademark Territory” shall have the meaning set forth in the second “Whereas” clause above.

1.4    “HSI (HERTZ) Foreign ERB Trademarks” shall mean the foreign HERTZ-formative and other trademarks owned by Licensor related to the Equipment Rental Business, including the trademark applications and registrations therefor as more fully set forth on Schedule A.

1.5    “HSI (HERTZ) US ERB Trademarks” shall mean the US HERTZ-formative trademarks and logos owned by Licensor related to the Equipment Rental Business, including the trademark applications and registrations therefor as more fully set forth on Schedule B.

1.6    “Interim Period” means a period of four (4) years from the Effective Date of the IPA.

1.7    “Other Intellectual Property” means any copyrights, trade dress, content, designs or other indicia and/or social media accounts and handles owned by THC and/or HSI that are already used or otherwise in the possession of HERC relating to the HERTZ and HERTZ-formative trademarks and logos in connection with the Equipment Rental Business. 

33

                                                

1.8    “Person” means any individual, firm, corporation, partnership, affiliate, trust, association, joint venture, limited liability company, limited liability partnership, governmental authority or other entity of any kind, and shall include any successor (by merger or otherwise) of any of the foregoing.

1.9    “THC (HERTZ) ERB Domains” shall mean the HERTZ-formative domain names owned by THC related to the Equipment Rental Business.

1.10    “Trade Name Territory” shall mean worldwide.

1.11    “Trade Name” shall mean the company name “Hertz Equipment Rental Corporation”.

1.12    “US Trademark Territory” shall have the meaning set forth in the fourth “Whereas” clause above.

2.    Grant.

2.1    HSI (HERTZ) Foreign ERB Trademarks License.  HSI hereby grants to Licensee a royalty-free, non-exclusive license to use the HSI (HERTZ) Foreign ERB Trademarks in the Foreign Trademark Territory upon and in connection with the Foreign Licensed Products and Services for the Interim Period and only so long as such Foreign Licensed Products and Services are rendered strictly in accordance with the level of quality at least comparable to that maintained by Licensee immediately prior to the Effective Date.  HERC shall immediately discontinue use of the HSI (HERTZ) Foreign ERB Trademarks upon expiration of the Interim Period, or the earlier termination of this Agreement or the IPA.

2.2    HSI (HERTZ) US ERB Trademarks License.  HSI hereby grants to Licensee a royalty-free, non-exclusive, royalty-free license to use the HSI (HERTZ) US ERB Trademarks in the US Trademark Territory upon and in connection with the US Licensed Products and Services for the Interim Period and only so long as such US Licensed Products and Services are rendered strictly in accordance with the level of quality at least comparable to that maintained by Licensee immediately prior to the Effective Date.  HERC shall immediately discontinue use of the HSI (HERTZ) US ERB Trademarks upon expiration of the Interim Period, or the earlier termination of this Agreement or the IPA.

2.3    THC (HERTZ) ERB Domains License.  THC hereby grants to Licensee a worldwide, non-exclusive, royalty-free license to use the THC (HERTZ) ERB Domains in the conduct and operation of Licensee’s Equipment Rental Business for the Interim Period.  HERC shall immediately discontinue use of the THC (HERTZ) ERB Domains upon the expiration of the Interim Period or the earlier termination of this Agreement or the IPA.  HERC shall make certain that no THC (HERTZ) ERB Domains resolve to a website upon the expiration of the Interim Period or the earlier termination of this Agreement or the IPA.

2.4    Trade Name License.  Notwithstanding anything to the contrary herein, HSI hereby grants to Licensee a royalty-free, non-exclusive, worldwide, non-exclusive, royalty-free license, to use 

34

                                                

the Trade Name in connection with the Equipment Rental Business for the Interim Period.  The use by Licensee of the Trade Name will be strictly limited to the composition “HERTZ EQUIPMENT RENTAL CORPORATION”.  No other use of the HERTZ trademark in conjunction with a company name or any other name other than the Trade Name in the format described herein shall be permitted, except for the company names of HERC affiliates, as set forth on Schedule D.   HERC shall immediately discontinue use of the Trade Name and any other company name (including any name of any HERC affiliate) using a HERTZ or HERTZ-formative mark/name upon expiration of the Interim Period or the earlier termination of this Agreement or the IPA.  HERC shall take all steps to change the company name and any other name (including the name of any HERC affiliate) so as to not to include a HERTZ or HERTZ-formative mark/name. HERC shall immediately take all steps to remove the Trade Name from all advertising, business cards, signage, industry publications, commercial registries and directories, telephone directories, similar listings and other marketing or any other materials as promptly as possible.  HERC shall not use the Trade Name or any colorable imitation of the Trade Name in any manner or form whatsoever in the conduct of HERC’s business.  

2.5    Other IP License.  The Licensors hereby grant to Licensee a royalty-free, non-exclusive license to use any Other Intellectual Property.  Licensee recognizes that Licensors are and shall continue to be the exclusive owner of all Other Intellectual Property. Upon expiration or earlier termination of this Agreement, all rights in and to the Other Intellectual Property shall immediately revert to Licensors and Licensee shall immediately discontinue all use of such Other Intellectual Property.  Licensee shall not do anything or suffer anything to be done which may affect adversely any of Licensors’ rights in the Other Intellectual Property, including filing any application in its name to record any claims to copyrights therein and shall take all steps required by Licensors to preserve and protect those rights.

		
	2.6
	Reservation of Rights.  Nothing contained in this Agreement shall be construed as 

an assignment or grant to Licensee of any right, title, or interest in or to the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the THC (HERTZ) ERB Domains, the Trade Name or Other Intellectual Property, it being understood and acknowledged by Licensee that all rights and goodwill relating thereto are reserved by Licensors, except for the license granted hereunder.  Furthermore, all use by Licensee shall inure to the benefit of Licensors.

2.7    Sublicensing.  Sublicensing to third parties by Licensee shall not be permitted except with the prior written consent of both Licensors.  Licensors hereby consent to Licensee’s sublicense of the HERTZ name and mark to Licensee’s current sublicensees, affiliates, and franchisees as of the Effective Date.

35

                                                

2.8    Ownership.  Licensee acknowledges and affirms the Licensors’ ownership and exclusive right, title, and interest in and to the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the THC (HERTZ) ERB Domains, the Trade Name and Other Intellectual Property.   During the Term of this Agreement, Licensee shall not: (1) contest the validity or directly or indirectly attack, challenge or impair the title and related rights of the foregoing rights, (2) use any of the foregoing rights in conjunction with any other trademarks or service marks, and (3) shall not use, register, apply to register or aid a third party in registering the foregoing rights, or any confusingly similar rights anywhere in the world during the Term of this Agreement or any time thereafter.  It is understood that this last covenant shall survive termination of this Agreement. 

2.9    Enforcement.  HSI shall take all reasonable actions to enforce the HSI (HERTZ) Foreign ERB Trademarks and the HSI (HERTZ) US ERB Trademarks Trademarks.  THC shall take all reasonable actions to enforce the THC (HERTZ) ERB Domains.  Upon notification by HERC of any conduct by any third party that HERC considers might be an infringement, passing off, or other improper use of intellectual property licensed to HERC, the applicable Licensor shall promptly investigate, determine whether or not to bring a proceeding, and notify HERC of its decision.  If Licensor decides not to bring a proceeding, HERC may do so, at its expense, including taking action in the name of the applicable Licensor, subject to the prior written approval of the applicable Licensor, which shall not be unreasonably withheld. The applicable Licensor shall provide such assistance to HERC as HERC reasonably requests.  In addition, with respect to Hertz Systems, Inc. et al. v. HERC Equipment Rentals, Inc. No. T-409-16 (the “Litigation”), and any related disputes which have arisen or may arise in the future, including but not limited to trademark office proceedings, trademark oppositions, domain name disputes, and business name disputes, HSI shall cooperate and coordinate with HERC and provide such assistance as HERC reasonably requests.  With regard to the Litigation, HSI shall continue to participate fully as one of the plaintiffs, cooperating and coordinating with HERC and the other plaintiffs on matters related to the Litigation and its resolution, which may include discovery, mediation proceedings, settlement, trial and other similar activities.  HERC shall keep HSI fully informed of all progress in proceedings under this Section.  HERC agrees to pay for all reasonable fees and expenses incurred by HSI for such participation..  HERC shall defend, indemnify and hold THC, HSI, and their affiliates, and each of their officers, directors, agents, and employees harmless from and against all costs, expenses and losses (including reasonable attorney fees and costs) incurred from claims of third parties against either THC, HSI or any of their affiliates stemming from any of the activities contemplated under this Section 2.9. HSI acknowledges and agrees that it will not enter into any settlement for any action involving HERC without HERC’s prior written approval.  Further, HSI will defer the assignment of any Canadian registrations of the HSI HERC Foreign ERB Trademarks until requested by HERC.  HSI acknowledges and agrees that HERC may or may not enter into any settlement of the Litigation in its sole discretion.
 
3.    Quality Control. HSI, or a duly appointed agent of HSI, has the right, at all reasonable times, to inspect the Foreign and US Licensed Products and Services and performance and promotion of the Foreign and US Licensed Products and Services upon or in connection with which the HSI (HERTZ) Foreign ERB Trademarks and HSI (HERTZ) US ERB Trademarks are used by Licensee, in order that  HSI may satisfy itself that the Foreign and US Licensed Products and Services meet the level of quality at least comparable to that maintained by Licensee immediately prior to the 

36

                                                

Effective Date.   HSI shall also have the right to receive, from time to time, without charge, a reasonable number of photographs of samples of goods upon which the HSI (HERTZ) Foreign ERB Trademarks and HSI (HERTZ) US ERB Trademarks are used.

4.    Term and Termination. 

4.1    By THC or HSI upon Notice. In the event of a material breach of this Agreement or the IPA, THC or HSI may notify HERC of such material breach and terminate this Agreement upon written notice.  If HERC has not cured any such breach within thirty (30) days after HERC receives such notice, this Agreement shall automatically terminate without further notice. Notwithstanding the foregoing, if the nature of the breach is such that it cannot be cured, then this Agreement shall automatically terminate upon notice of termination by THC or HSI to HERC (without any opportunity to cure the breach).

4.2    By THC or HSI Immediately.  THC or HSI shall have the right to immediately terminate this Agreement if HERC: (i) becomes insolvent, or (ii) files a petition in bankruptcy or is adjudicated a bankrupt, or if a petition in bankruptcy is filed against HERC and not dismissed within thirty (30) days, or (iii) makes an assignment for the benefit of its creditors or an arrangement pursuant to any bankruptcy law, or (iv) discontinues its business, or (v) causes or suffers a receiver to be appointed for it or its business and such receiver has not been discharged within thirty (30) days after the date of appointment thereof, or (vi) undergoes a Change of Control to any Person that competes with either THC or HSI in the VRB or is otherwise engaged in the travel industry, without THC or HSI’s prior written approval.  

4.3    No Waiver.  No refusal by either Licensor to terminate this Agreement in accordance this section will be deemed to be a waiver of such Licensor’s right to terminate upon any subsequent or future event by which such Party has, or is provided with, the right to terminate this Agreement.

4.4    Result of Termination.  Termination of this Agreement shall not result in the termination of any provisions herein which by their nature are meant to survive termination (including any covenants herein related to discontinuation of use of licensed intellectual property), nor shall it relieve any Party of liability for breaches of the terms hereof prior to termination. Upon termination of this Agreement, for any reason, Licensee agrees to discontinue use of the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the THC (HERTZ) ERB Domains, the Trade Name and Other Intellectual Property from any promotional materials or any other materials used in connection with the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the  THC (HERTZ) ERB Domains, the Trade Name and Other Intellectual Property.  Licensee hereby agrees that it shall immediately take all steps to refrain from using the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the THC (HERTZ) ERB Domains, the Trade Name and Other Intellectual Property and to refrain from using the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the THC (HERTZ) ERB Domains, the Trade Name and Other Intellectual Property in advertising, on business cards, signage, industry publications, commercial registries and directories, telephone directories, similar listings and other material as promptly as possible.  Licensee shall not thereafter use the HSI (HERTZ) Foreign ERB Trademarks, the HSI (HERTZ) US ERB Trademarks, the THC (HERTZ) ERB 

37

                                                

Domains, the Trade Name and Other Intellectual Property, or any colorable imitation thereof in any manner or form whatsoever in the conduct of Licensee’s business.   
    
5.    Miscellaneous.

5.1    Recordation of License.  If Licensor considers it advisable to record Licensee as a licensee or registered user of the any of the trademark rights discussed herein in any jurisdiction, Licensee agrees to cooperate in such a procedure and to execute any documents submitted to Licensee for this purpose.

5.2    Authority.  Each Party represents, warrants, and agrees that its corporate officers executing the Agreement have been duly authorized and empowered to do so.

5.3    Assignment.  HERC may not assign, transfer, sublicense or delegate any of its rights hereunder or delegate its obligations hereunder without the prior written consent of HSI, and any such purported assignment, transfer, sublicense or delegation, in the absence of such consent, shall be void and without effect.

5.4    Entire Understanding/Amendment. This Agreement, the IPA and the agreements exhibited thereto, the Distribution Agreement and the Ancillary Agreements (as defined in the Distribution Agreement) set forth the entire agreement and understanding between the Parties with respect to the subject matter hereof and may not be orally changed, altered, modified or amended in any respect. To effect any change, modification, alteration or amendment of this Agreement, the same must be in writing, signed by all Parties hereto.

5.5    Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of all successors and assigns of the Parties (including by way of merger or sale of all or substantially all assets), subject to the restrictions on assignment set forth herein.

5.6    No Waiver. Except as otherwise provided in this Agreement, neither Party waives any rights under this Agreement by delaying or failing to enforce such rights.  No waiver by any Party of any breach or default hereunder shall be deemed to be a waiver of any subsequent breach or default.  Any agreement on the part of any Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such Party.

5.7    Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction or other authoritative body, such invalidity or unenforceability will not affect any other provision of this Agreement. Upon such determination that a provision is invalid or unenforceable, the Parties will negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible.

5.8    Relationship of Parties.  Each Party shall act as an independent contractor in carrying out its obligations under this Agreement.  Nothing contained in this Agreement shall be construed to imply a joint venture, partnership or principal/agent relationship between the Parties and neither 

38

                                                

Party by virtue of this Agreement shall have the right, power or authority to act or create any obligation, express or implied, on behalf of the other Party.

5.9    Construction. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the Party causing this Agreement to be drafted.  

5.10    Schedules. All schedules attached to this Agreement are incorporated herein by reference as though fully set forth herein.

5.11    Headings.  The paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

5.12    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the Parties hereto and may be used in lieu of the original version of this Agreement for all purposes.  Signatures of the Parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

5.13    Third Party Beneficiaries.  Nothing contained in this Agreement shall be construed to create any third-party beneficiary rights in any individual.

5.14    Governing Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of New York, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York.

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

                    
THE HERTZ CORPORATION
By:___________________     
Name:________________                              
Title: _________________

39

                                                

HERTZ SYSTEM, INC.
By:___________________     
Name:________________                              
Title: _________________

                
HERC RENTALS INC.

By:                                             
Name:_________________                    
                       Title: __________________

40

        

SCHEDULE  A

HSI (HERTZ) Foreign ERB Trademarks

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Afghanistan
	HERTZ
	HERTZ SYSTEM, INC.
	173
	11333
	07, 37

	Afghanistan
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	174
	11334
	07, 37

	Afghanistan
	HERTZ
	HERTZ SYSTEM, INC.
	 
	20
	35

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1945826
	39

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	2166231
	2397483
	7

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	2166232
	2397482
	37

	Argentina
	HERTZ
	HERTZ SYSTEM, INC.
	 
	2109521
	12

	Australia
	HERTZ
	HERTZ SYSTEM, INC.
	328555
	328555
	39

	Australia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	441195
	39

	Australia
	HERTZ
	HERTZ SYSTEM, INC.
	1540428
	1540428
	07, 37

	Australia
	HERTZ SYSTEM
	HERTZ SYSTEM, INC.
	B 191212
	191212
	16

	Bahrain
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	112/91
	SM 865
	37

	Bahrain
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	113/91
	SM866
	39

	Bahrain
	HERTZ IN BLACK SQUARE (DEVICE)
	HERTZ SYSTEM, INC.
	 
	SM360
	39

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	79498
	 
	16

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	 
	9425
	12

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	114082
	 
	37

	Bangladesh
	HERTZ
	HERTZ SYSTEM, INC.
	114081
	114081
	39

	Benelux
	HERTZ LEASE
	HERTZ SYSTEM, INC.
	956699
	676262
	16, 36, 37, 39

	Benelux
	HERTZ
	HERTZ SYSTEM, INC.
	533361
	38548
	06, 09, 12, 14, 16, 20, 21, 25, 26, 34

	Benelux
	HERTZ LEASING
	HERTZ SYSTEM, INC.
	706449
	155445
	36, 39

	BES Islands
	HERTZ
	HERTZ SYSTEM, INC.
	2803
	2803
	12, 16, 25, 37, 39

	BES Islands
	HERTZ
	HERTZ SYSTEM, INC.
	2802
	2802
	07, 37, 39

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	 
	810000598
	7.10

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	810550679
	810550679
	40.20

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	813330939
	813330939
	39

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	813330920
	813330920
	36

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	 
	4503074
	37

	Brazil
	HERTZ
	HERTZ SYSTEM, INC.
	 
	200059564
	39

	Canada
	HERTZ
	HERTZ SYSTEM, INC.
	785792
	507733
	 

	Canada
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	1003295
	535889
	 

	Canada
	HERTZ RÉCOMPENSES OR PLUS
	HERTZ SYSTEM, INC.
	1580366
	TMA904303
	 

41

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Canada
	HERTZ SERVICE PUMP & COMPRESSOR
	HERTZ SYSTEM, INC.
	1648494
	 
	 

	Canada
	HERTZ
	HERTZ SYSTEM, INC.
	 
	103505
	 

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	 
	816318
	12

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	 
	736995
	9

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	421967
	850410
	7

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	421968
	850350
	37

	Chile
	HERTZ
	HERTZ SYSTEM, INC.
	 
	780876
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	2000009775
	1539809
	39

	China (PRC)
	HERTZ (HE ZI) IN CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	2000010657
	1569962
	12

	China (PRC)
	HERTZ (HE ZI) IN CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	2000010658
	1544848
	16

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	135587
	135587
	12

	China (PRC)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	93065294
	770272
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5045278
	5045278
	16

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5045277
	5045277
	25

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters (Special Form)
	HERTZ SYSTEM, INC.
	5543674
	5543674
	36

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters (Special Form)
	HERTZ SYSTEM, INC.
	5580185
	5580185
	37

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters (Special Form)
	HERTZ SYSTEM, INC.
	5543690
	5543690
	39

	China (PRC)
	HERTZ (HE ZI) in Chinese Characters in Color (Yellow)
	HERTZ SYSTEM, INC.
	5543689
	5543689
	39

	China (PRC)
	HE SHI in Chinese Characters
	HERTZ SYSTEM, INC.
	5543688
	5543688
	39

	China (PRC)
	HERTZ LEASING in Chinese Characters
	HERTZ SYSTEM, INC.
	5543673
	5543673
	36

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5580186
	5580186
	37

	China (PRC)
	HERTZ in Colors (Yellow & Black)
	HERTZ SYSTEM, INC.
	5543686
	5543686
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	5543672
	5543672
	36

	China (PRC)
	HE SHI in Chinese Characters in Color (Yellow & Black)
	HERTZ SYSTEM, INC.
	5543685
	5543685
	39

	China (PRC)
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	6224241
	6224241
	37

	China (PRC)
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	6224240
	6224240
	39

	China (PRC)
	HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	6286168
	6286168
	39

	China (PRC)
	HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	6293475
	6293475
	37

	China (PRC)
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	6554419
	6554419
	7

	China (PRC)
	HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	6554418
	6554418
	7

42

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	China (PRC)
	HERTZ and HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	8016265
	8016265
	7

	China (PRC)
	HERTZ and HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	8083562
	8083562
	37

	China (PRC)
	HERTZ and HERTZ EQUIPMENT RENTAL in Chinese Characters
	HERTZ SYSTEM, INC.
	8083561
	8083561
	39

	China (PRC)
	HERTZ
	HERTZ SYSTEM, INC.
	8083563
	8083563
	7

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	79240
	39

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	98043223
	216689
	7

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	98043872
	216160
	37

	Colombia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	73852
	16

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	 
	19971/58904
	12

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	81043/79005
	39

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	1998-0005702
	112308/16639
	7

	Costa Rica
	HERTZ
	HERTZ SYSTEM, INC.
	 
	112307
	37

	Curacao
	HERTZ
	HERTZ SYSTEM, INC.
	 
	3717
	12, 16, 25, 37, 39

	Curacao
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3270
	07, 37, 39

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	2003-11991
	135067
	39

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	 
	10393
	25

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	 
	101337
	70

	Dominican Republic
	HERTZ
	HERTZ SYSTEM, INC.
	 
	100651
	70

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	 
	5750 BOOK 23
	12

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	141 BOOK 20
	39

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	11998004847
	62 BOOK 120
	7

	El Salvador
	HERTZ
	HERTZ SYSTEM, INC.
	11998004829
	247 BOOK 111
	37

	Eritrea
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	NONE
	 

	European Community
	HERTZ
	HERTZ SYSTEM, INC.
	2293512
	2293512
	35, 36, 39

	European Community
	HERTZ
	HERTZ SYSTEM, INC.
	37465
	37465
	12, 37, 39

	European Community
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	37390
	37390
	12, 37, 39

	European Community
	HERTZ With Dropped Shadow
	HERTZ SYSTEM, INC.
	37721
	37721
	12, 37, 39

	European Community
	HERTZ
	HERTZ SYSTEM, INC.
	108159
	108159
	07, 16

	France
	HERTZ EQUIPEMENT
	HERTZ SYSTEM, INC.
	98712893
	98712893
	07, 37

	France
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1299376
	39

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	 
	11047
	12

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	5541/91
	69259
	39

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	5812/98
	98206
	7

	Guatemala
	HERTZ
	HERTZ SYSTEM, INC.
	5813/98
	101236
	37

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	 
	8570
	12

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	 
	141
	39

43

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	9243/98
	75404
	7

	Honduras
	HERTZ
	HERTZ SYSTEM, INC.
	9242/98
	5475
	37

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	 
	B1280/1968
	16

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	7956/89
	1798/1993
	7

	Hong Kong
	HERTZ EQUIPMENT RENTAL & DESIGN
	HERTZ SYSTEM, INC.
	7957/89
	4884/1993
	7

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	9101/92
	1771/1994
	39

	Hong Kong
	HERTZ (HE ZI) IN CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	9102/92
	5274/1993
	39

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	9795/98
	199907839
	37

	Hong Kong
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	300934290
	300934290
	37, 39

	Hong Kong
	HERTZ EQUIPMENT RENTAL in Chinese Characters (Series of 2)
	HERTZ SYSTEM, INC.
	300958942
	300958942
	37, 39

	Hong Kong
	HERTZ
	HERTZ SYSTEM, INC.
	 
	B 1279/1968
	12

	Iceland
	HERTZ
	HERTZ SYSTEM, INC.
	569/2003
	357/2003
	36, 39

	Iceland
	HERTZ IN RECTANGLE
	HERTZ SYSTEM, INC.
	144/1967
	62/1969
	39

	India
	HERTZ
	HERTZ SYSTEM, INC.
	1238957
	1238957
	37, 39

	India
	HERTZ
	HERTZ SYSTEM, INC.
	 
	371547B
	12

	India
	HERTZ
	HERTZ SYSTEM, INC.
	371548B
	371548
	16

	India
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	1590404
	1590404
	37, 39

	India
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	1648494
	1648494
	7

	Indonesia
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	IDM00040192
	37

	Iran (Islamic Republic of)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	18041
	12, 37, 39

	Iraq
	HERTZ & Iraqi Arabic Transliteration
	HERTZ SYSTEM, INC.
	45076
	45076
	07, 37

	Iraq
	HERTZ
	HERTZ SYSTEM, INC.
	45513
	 
	12, 39

	Iraq
	HERTZ
	HERTZ SYSTEM, INC.
	 
	 
	07, 37

	Iraq
	HERTZ in Iraqi Arabic Transliteration
	HERTZ SYSTEM, INC.
	 
	 
	07, 37

	Iraq
	HERTZ in Iraqi Arabic Transliteration
	HERTZ SYSTEM, INC.
	 
	 
	39

	Ireland
	HERTZ
	HERTZ SYSTEM, INC.
	6348/89
	137460
	7

	Israel
	HERTZ
	HERTZ SYSTEM, INC.
	236694
	236694
	07, 37

	Israel
	HERTZ
	HERTZ SYSTEM, INC.
	 
	25820
	39

	Italy
	HERTZ
	HERTZ SYSTEM, INC.
	RM1971C035119
	302011901977764
	36, 37, 39, 42

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	43590
	43590
	39

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	17430
	17430
	12

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	7/546
	32738
	7

	Jamaica
	HERTZ
	HERTZ SYSTEM, INC.
	 
	12879
	16

	Japan
	HERTZ & HERTZ in Katakana
	HERTZ SYSTEM, INC.
	35605/2001
	4551615
	16

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	33337/88
	2366618
	12

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	250151/92
	3059707
	39

	Japan
	HERTZ IN KATAKANA
	HERTZ SYSTEM, INC.
	250152/92
	3059708
	39

	Japan
	HERTZ JAPAN
	HERTZ SYSTEM, INC.
	100201/92
	3001240
	39

44

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	125221/94
	4097151
	16

	Japan
	HERTZ
	HERTZ SYSTEM, INC.
	2008-73644
	5429774
	07, 37, 39, 40, 43, 45

	Japan
	HERTZ IN KATAKANA
	HERTZ SYSTEM, INC.
	2008-73645
	5429775
	07, 37, 39, 40, 43, 45

	Jordan
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	59837
	37

	Jordan
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	59836
	39

	Jordan
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	NONE
	59991
	37

	Jordan
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	NONE
	59835
	39

	Jordan
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	72580
	12

	Jordan
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	29036
	29036
	7

	Jordan
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	29887
	29887
	12

	Jordan
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	29888
	29888
	16

	Kiribati
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3026
	37

	Kiribati
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3006
	39

	Kuwait
	HERTZ
	HERTZ SYSTEM, INC.
	25127
	25174
	12

	Kuwait
	HERTZ
	HERTZ SYSTEM, INC.
	25128
	25175
	16

	Kuwait
	HERTZ
	HERTZ SYSTEM, INC.
	32721
	30390
	39

	Lebanon
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	332/165617
	105941
	37, 39

	Lebanon
	HERTZ
	HERTZ SYSTEM, INC.
	109241
	109241
	39

	Libya
	HERTZ
	HERTZ SYSTEM, INC.
	4006
	 
	37

	Libya
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	4007
	 
	37

	Libya
	HERTZ
	HERTZ SYSTEM, INC.
	4008
	 
	39

	Libya
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	4009
	 
	39

	Malaysia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	306/83
	7

	Malaysia
	Hertz (Stylized) & Black & White Rectangles Label
	HERTZ SYSTEM, INC.
	83/00305
	83/00305
	7

	Malaysia
	HERTZ
	HERTZ SYSTEM, INC.
	18442/97
	18442/97
	39

	Malaysia
	HERTZ
	HERTZ SYSTEM, INC.
	9778/98
	9778/98
	37

	Malaysia (Malaya Peninsula)
	HERTZ
	HERTZ SYSTEM, INC.
	M/75756
	M/75756
	12

	Malaysia (Malaya Peninsula)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	M/75757
	16

	Malaysia (Sabah)
	HERTZ
	HERTZ SYSTEM, INC.
	19707
	S/19707
	12

	Malaysia (Sabah)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	S/19706
	16

	Malaysia (Sarawak)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	R/014946
	12

	Malaysia (Sarawak)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	R/014945
	16

	Maldives
	HERTZ
	HERTZ SYSTEM, INC.
	 
	NONE
	37, 39

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	 
	202537
	16

45

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	1070837
	1247629
	7

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	1070836
	1230689
	37

	Mexico
	HERTZ
	HERTZ SYSTEM, INC.
	M112563
	117316
	39

	Mongolia
	HERTZ
	HERTZ SYSTEM, INC.
	 
	208
	39

	Mongolia
	HERTZ
	HERTZ SYSTEM, INC.
	12377
	11032
	07, 37

	Mongolia
	HERTZ transliteration in Mongolian
	HERTZ SYSTEM, INC.
	12428
	11352
	07, 37

	Morocco
	HERTZ
	HERTZ SYSTEM, INC.
	63466
	63466
	07, 37

	Morocco
	HERTZ
	HERTZ SYSTEM, INC.
	 
	66790
	11

	New Zealand
	HERTZ
	HERTZ SYSTEM, INC.
	55852
	B 55852
	12

	New Zealand
	HERTZ
	HERTZ SYSTEM, INC.
	B182512
	182512
	39

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	 
	9604
	12

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	23401 CC
	39

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	2914/98
	R41162CC
	7

	Nicaragua
	HERTZ
	HERTZ SYSTEM, INC.
	2915/98
	41171CC
	37

	Norway
	HERTZ
	HERTZ SYSTEM, INC.
	 
	46518
	12

	Norway
	HERTZ
	HERTZ SYSTEM, INC.
	6568/98
	194827
	07, 37

	Norway
	HERTZ
	HERTZ SYSTEM, INC.
	93297
	73553
	39

	Oman
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	5758
	5758
	37

	Oman
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	5759
	5759
	39

	Oman
	HERTZ
	HERTZ SYSTEM, INC.
	41033
	41033
	39

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	194504
	194504
	37

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	194450
	194450
	39

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	139442
	139442
	16

	Pakistan
	HERTZ
	HERTZ SYSTEM, INC.
	28499
	28499
	12

	Palau
	HERTZ
	HERTZ SYSTEM, INC.
	 
	NONE
	37, 39

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	 
	8111
	39

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	 
	32832
	39

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	95805
	95805
	7

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	95806
	95806
	37

	Panama
	HERTZ
	HERTZ SYSTEM, INC.
	 
	10638
	12

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	 
	5977
	39

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	 
	41597
	16

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	199846
	9959
	39

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	66874
	49569
	7

	Peru
	HERTZ
	HERTZ SYSTEM, INC.
	66875
	15875
	37

	Portugal
	HERTZ-EQUIPAMENTOS
	HERTZ SYSTEM, INC.
	410788
	410788
	37, 39

	Portugal
	HERTZE-CLIENT
	HERTZ SYSTEM, INC.
	410789
	410789
	37, 39

	Portugal
	HERTZ-ECLIENT
	HERTZ SYSTEM, INC.
	422093
	422093
	37, 39

	Puerto Rico
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	7783
	105

	Qatar
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	8682
	8682
	37

	Qatar
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	8683
	8683
	39

	Qatar
	HERTZ
	HERTZ SYSTEM, INC.
	93209
	 
	7

	Qatar
	HERTZ
	HERTZ SYSTEM, INC.
	93210
	 
	37

	Qatar
	HERTZ
	HERTZ SYSTEM, INC.
	93211
	 
	39

46

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Qatar
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	93212
	 
	7

	Saint Maarten
	HERTZ
	HERTZ SYSTEM, INC.
	 
	3717
	12, 16, 25, 37, 39

	Saint Maarten
	HERTZ
	HERTZ SYSTEM, INC.
	NONE
	3720
	07, 37, 39

	Saudi Arabia
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	14037
	248/61
	37

	Saudi Arabia
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	14036
	248/89
	39

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	108333
	908/14
	39

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134949
	1080/90
	7

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134950
	1080/91
	12

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134951
	1103/89
	16

	Saudi Arabia
	HERTZ
	HERTZ SYSTEM, INC.
	134952
	1077/25
	37

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134944
	1094/82
	7

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134945
	1080/89
	12

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134946
	1094/73
	16

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134947
	1101/10
	37

	Saudi Arabia
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	134948
	1105/93
	39

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	 
	T7875606Z
	12

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	 
	T7875607H
	16

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	2684/85
	T8502684E
	7

	Singapore
	Hertz (Stylized) & Black & White Rectangles Label
	HERTZ SYSTEM, INC.
	2690/85
	T8502690Z
	7

	Singapore
	Hertz (Stylized) & Black & White Rectangles Label
	HERTZ SYSTEM, INC.
	2689/85
	T8502689F
	12

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	1623/91
	T91/1623F
	37

	Singapore
	HERTZ
	HERTZ SYSTEM, INC.
	1650/91
	T9101650C
	39

	South Africa
	HERTZ
	HERTZ SYSTEM, INC.
	0098/72
	0098/72
	39

	South Africa
	HERTZ
	HERTZ SYSTEM, INC.
	B2585/65
	B2585/65
	16

	South Korea
	HERTZ in Korean Characters
	HERTZ SYSTEM, INC.
	3393/90
	16098
	39

	South Korea
	HERTZ & Korean Characters
	HERTZ SYSTEM, INC.
	2000-1
	484128
	25

	South Korea
	HERTZ in Korean Characters
	HERTZ SYSTEM, INC.
	45-2008-0003818
	45-0031699
	07, 37

	South Korea
	HERTZ
	HERTZ SYSTEM, INC.
	45-2008-0003817
	45-0061698
	07, 37

	South Korea
	HERTZ
	HERTZ SYSTEM, INC.
	 
	118
	39

	Spain
	HERTZ ALQUILER DE MAQUINARIA & DEVICE
	HERTZ SYSTEM, INC.
	2569279
	2569279
	37

	Spain
	Hertz (Stylized) Plant Services (in Color)
	HERTZ SYSTEM, INC.
	2754245
	2754245
	37

	Syria
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	42632
	21515
	37, 39

	Syria
	HERTZ
	HERTZ SYSTEM, INC.
	303679
	112500
	39

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	 
	378540
	56

47

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	78/14028
	470431
	82

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	78/14029
	470528
	82

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	87036124
	113614
	37

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	97042374
	1416353
	7

	Taiwan (R.O.C.)
	HERTZ in Chinese Characters
	HERTZ SYSTEM, INC.
	97042372
	1393391
	07, 37, 39, 40, 43

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	101034719
	1565065
	37, 39

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	101034715
	1564340
	39

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	103006776
	1682823
	07, 12, 16

	Taiwan (R.O.C.)
	HERTZ (HE ZI) & CHINESE CHARACTERS
	HERTZ SYSTEM, INC.
	103007016
	1691497
	07, 12, 16

	Taiwan (R.O.C.)
	HERTZ in Chinese Characters
	HERTZ SYSTEM, INC.
	103006777
	 
	07, 37, 39, 40

	Taiwan (R.O.C.)
	HERTZ
	HERTZ SYSTEM, INC.
	 
	34223
	66

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	88169
	279254/KOR25617
	12

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	88170
	279255/KOR25618
	16

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	134820
	253527/KOR10567
	7

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	255950
	255950/BOR1663
	39

	Thailand
	HERTZ
	HERTZ SYSTEM, INC.
	367492
	367492/BOR8554
	37

	Tonga
	HERTZ
	HERTZ SYSTEM, INC.
	TO/M/13/02752
	2264
	37, 39

	Trinidad and Tobago
	HERTZ
	HERTZ SYSTEM, INC.
	 
	B 10503
	39

	Trinidad and Tobago
	HERTZ
	HERTZ SYSTEM, INC.
	24504
	24504
	39

	Trinidad and Tobago
	HERTZ
	HERTZ SYSTEM, INC.
	28577
	28577
	07, 37

	Turkey
	HERTZ
	HERTZ SYSTEM, INC.
	1999/4976
	209087
	07, 12, 16, 37

	Turkey
	HERTZ
	HERTZ SYSTEM, INC.
	 
	129382
	12, 16

	Tuvalu
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1506
	37

	Tuvalu
	HERTZ
	HERTZ SYSTEM, INC.
	 
	1507
	39

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	2737
	1504
	39

	United Arab Emirates
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	2738
	1511
	39

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118882
	125998
	7

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118885
	126002
	12

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118887
	126003
	16

48

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	United Arab Emirates
	HERTZ
	HERTZ SYSTEM, INC.
	118889
	126270
	37

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118876
	125999
	7

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118877
	126000
	12

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118878
	126001
	16

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118879
	126269
	37

	United Arab Emirates
	HERTZ in Arabic Transliteration
	HERTZ SYSTEM, INC.
	118880
	126267
	39

	United Kingdom
	HERTZ
	HERTZ SYSTEM, INC.
	1036020
	1036020
	16

	United Kingdom
	HERTZ
	HERTZ SYSTEM, INC.
	1275171
	1275171
	39

	United Kingdom
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	1482000
	1482000
	12

	United Kingdom
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	1482001
	1482001
	16

	United Kingdom
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	1482002
	1482002
	39

	United Kingdom
	HERTZ
	HERTZ SYSTEM, INC.
	2539261
	2539261
	37

	Uruguay
	HERTZ
	HERTZ SYSTEM, INC.
	 
	398787
	12

	Uruguay
	HERTZ
	HERTZ SYSTEM, INC.
	305991
	393448
	07, 37

	Uruguay
	HERTZ
	HERTZ SYSTEM, INC.
	 
	400780
	39

	Uzbekistan
	HERTZ in Cyrillic (Version 5)
	HERTZ SYSTEM, INC.
	MGU 20000848
	MGU 11471
	39

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	 
	31564F
	12

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	 
	107915-F
	7

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	 
	17611 D
	37

	Venezuela
	HERTZ
	HERTZ SYSTEM, INC.
	4566/95
	S004296
	39

	Vietnam
	HERTZ
	HERTZ SYSTEM, INC.
	1881
	1803
	39

	Vietnam
	HERTZ
	HERTZ SYSTEM, INC.
	1778/92
	8374
	12, 16

	Vietnam
	HERTZ
	HERTZ SYSTEM, INC.
	4-2008-16233
	132291
	07, 37

	Vietnam
	HERTZ EQUIPMENT RENTAL
	HERTZ SYSTEM, INC.
	4-2008-16234
	145524
	07, 37

	Yemen, Republic of (TM)
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	7088
	7656
	37

	Yemen, Republic of (TM)
	HERTZ & Arabic Transliteration
	HERTZ SYSTEM, INC.
	7089
	7657
	39

	Yemen, Republic of (TM)
	HERTZ
	HERTZ SYSTEM, INC.
	12530
	10018
	37

	Yemen, Republic of (TM)
	HERTZ
	HERTZ SYSTEM, INC.
	12835
	10250
	39

	 
	 
	 
	 
	 
	 

49

SCHEDULE  B

HSI (HERTZ) US ERB Trademarks 

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	United States
	HERTZ Stylized on Yellow Trapezoid (Streamline)
	HERTZ SYSTEM, INC.
	86288666
	4691285
	39

	United States
	HERTZ
	HERTZ SYSTEM, INC.
	78240462
	2830130
	16

	United States
	HERTZ
	HERTZ SYSTEM, INC.
	71657133
	614123
	39

	United States
	Hertz With Stippling & Dropped Shadow
	HERTZ SYSTEM, INC.
	74150193
	1733621
	39

	United States
	Hertz in Yellow Horizontal Strip
	HERTZ SYSTEM, INC.
	76702523
	4292510
	39

	United States
	Hertz in Yellow Vertical Strip
	HERTZ SYSTEM, INC.
	76702521
	4292509
	39

	United States
	Hertz in Yellow Rounded Rectangle
	HERTZ SYSTEM, INC.
	76702520
	4295844
	39

	United States
	Hertz (Stylized)
	HERTZ SYSTEM, INC.
	73360120
	1230391
	39

	 
	 
	 
	 
	 
	 

50

SCHEDULE  C

THC (HERTZ) ERB Domains

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	cehertzequipement-ouestsudouest.com
	2016-12-24
	registered locked
	Auto Renewal
	.com

	HERC
	hertzservicepump.ca
	2016-05-27
	registered locked
	Auto Renewal
	.ca

	HERC
	hertsequip.com
	2016-11-20
	registered locked
	Auto Renewal
	.com

	HERC
	hertzservicepump.com
	2017-02-22
	registered locked
	Auto Renewal
	.com

	HERC
	hertz.equipment
	 
	closed
	Auto Renewal
	.equipment

	HERC
	hertztrenchservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzaerial.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzusedequipment.cn
	2010-03-19
	closed
	Auto Renewal
	.cn

	HERC
	hertzaerialservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzusedequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzeequip.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzusedequipment.com
	2016-12-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzeequip.com
	2016-07-21
	registered locked
	Auto Renewal
	.com

	HERC
	hertzusedequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzeequip.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzusedequipment.com.cn
	2010-03-19
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzeequip.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzusedequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzenergy.com
	2016-07-09
	registered locked
	Auto Renewal
	.com

	HERC
	htzpartners.com
	2016-08-30
	registered locked
	Auto Renewal
	.com

	HERC
	hertzenergyservices.ca
	2017-02-17
	registered locked
	Auto Renewal
	.ca

	HERC
	赫兹设备.cn - Hertz Equipment .cn
	 
	 
	 
	 

	HERC
	hertzenergyservices.cn
	2016-03-25
	registered locked
	Auto Renewal
	.cn

	HERC
	赫兹设备.中国 - Hertz Equipment. China
	 
	 
	 
	 

	HERC
	hertzenergyservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	赫兹设备租赁.cn - Hertz Equipment Rental .cn
	 
	 
	 
	 

	HERC
	hertzenergyservices.es
	2017-02-17
	registered locked
	Auto Renewal
	.es

	HERC
	赫兹设备租赁.中国 - Hertz Equipment Rental China.
	 
	 
	 
	 

	HERC
	hertzenergyservices.fr
	2017-02-17
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzenergyservices.it
	2016-04-23
	registered locked
	Auto Renewal
	.it

	HERC
	hertzenergyservices.net
	2017-02-17
	registered locked
	Auto Renewal
	.net

	HERC
	hertzenergyservices.us
	2017-02-16
	registered locked
	Auto Renewal
	.us

	HERC
	hertzentertainment.com
	2016-03-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzentertainmentservices.biz
	2016-05-10
	registered locked
	Auto Renewal
	.biz

	HERC
	hertzentertainmentservices.ca
	2016-05-12
	registered locked
	Auto Renewal
	.ca

	HERC
	hertzentertainmentservices.co.nz
	2016-05-13
	registered locked
	Auto Renewal
	.co.nz

	HERC
	hertzentertainmentservices.co.uk
	2016-05-11
	registered locked
	Auto Renewal
	.co.uk

	HERC
	hertzentertainmentservices.com
	2016-05-11
	registered locked
	Auto Renewal
	.com

51

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	hertzentertainmentservices.com.au
	2017-05-12
	registered locked
	Auto Renewal
	.com.au

	HERC
	hertzentertainmentservices.es
	2016-05-11
	registered locked
	Auto Renewal
	.es

	HERC
	hertzentertainmentservices.fr
	2016-05-12
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzentertainmentservices.info
	2016-05-11
	registered locked
	Auto Renewal
	.info

	HERC
	hertzentertainmentservices.net
	2016-05-11
	registered locked
	Auto Renewal
	.net

	HERC
	hertzentertainmentservices.org
	2016-05-11
	registered locked
	Auto Renewal
	.org

	HERC
	hertzentsvs.com
	2016-04-20
	registered locked
	Auto Renewal
	.com

	HERC
	hertzeqip.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzeqip.cn
	2010-03-19
	closed
	Auto Renewal
	.cn

	HERC
	hertzeqip.com
	2016-11-15
	registered locked
	Auto Renewal
	.com

	HERC
	hertzeqip.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzeqip.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzeqip.net.cn
	2010-03-19
	closed
	Auto Renewal
	.net.cn

	HERC
	hertzequip.af
	2016-03-26
	registered locked
	Auto Renewal
	.af

	HERC
	hertzequip.asia
	2016-06-05
	registered locked
	Auto Renewal
	.asia

	HERC
	hertzequip.ca
	2016-07-07
	registered locked
	Auto Renewal
	.ca

	HERC
	hertzequip.cc
	2016-06-05
	registered locked
	Auto Renewal
	.cc

	HERC
	hertzequip.cn
	2012-10-10
	closed
	Auto Renewal
	.cn

	HERC
	hertzequip.cn
	2016-10-10
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequip.cnkeyword
	2016-06-17
	registered locked
	Auto Renewal
	.cnkeyword

	HERC
	hertzequip.com
	2016-09-10
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequip.com.cn
	2016-10-10
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequip.com.cn
	2012-10-10
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzequip.com.pl
	2017-02-08
	registered unlocked
	Auto Renewal
	.com.pl

	HERC
	hertzequip.com.sa
	2016-09-28
	registered locked
	Auto Renewal
	.com.sa

	HERC
	hertzequip.com.tw
	2016-06-23
	registered locked
	Auto Renewal
	.com.tw

	HERC
	hertzequip.es
	2016-05-28
	registered locked
	Auto Renewal
	.es

	HERC
	hertzequip.fr
	2017-02-17
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzequip.hk
	2016-06-06
	registered locked
	Auto Renewal
	.hk

	HERC
	hertzequip.in
	2016-06-23
	registered locked
	Auto Renewal
	.in

	HERC
	hertzequip.mx
	2016-05-26
	registered locked
	Auto Renewal
	.mx

	HERC
	hertzequip.name
	2016-06-05
	registered locked
	Auto Renewal
	.name

	HERC
	hertzequip.net
	2016-06-23
	registered locked
	Auto Renewal
	.net

	HERC
	hertzequip.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequip.net.cn
	2010-03-19
	closed
	Auto Renewal
	.net.cn

	HERC
	hertzequip.pl
	2017-02-08
	registered locked
	Auto Renewal
	.pl

	HERC
	hertzequip.qa
	2016-08-14
	registered locked
	Auto Renewal
	.qa

	HERC
	hertzequip.travel
	2016-10-08
	registered locked
	Auto Renewal
	.travel

	HERC
	hertzequip.tv
	2016-10-09
	registered locked
	Auto Renewal
	.tv

	HERC
	hertzequip.tw
	2016-06-05
	registered locked
	Auto Renewal
	.tw

	HERC
	hertz-equipamentos.pt
	2016-07-01
	registered locked
	Auto Renewal
	.pt

	HERC
	hertzequipauctions.com
	2016-07-06
	registered locked
	Auto Renewal
	.com

	HERC
	hertz-equipement.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertz-equipement.com
	2017-01-04
	registered locked
	Auto Renewal
	.com

	HERC
	hertz-equipement.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertz-equipement.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequipment.ca
	2016-07-13
	registered locked
	Auto Renewal
	.ca

52

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	hertzequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequipment.com
	2016-03-19
	registered locked
	Auto Renewal
	.com

	HERC
	hertz-equipment.com
	2016-10-24
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequipment.fr
	2016-05-30
	registered locked
	Auto Renewal
	.fr

	HERC
	hertzequipment.net
	2016-11-12
	registered locked
	Auto Renewal
	.net

	HERC
	hertzequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequipment.net.cn
	2010-03-19
	closed
	Auto Renewal
	.net.cn

	HERC
	hertzequipmentrental.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequipmentrental.com
	2016-05-24
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipmentrental.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequipmentrental.com.vn
	2016-07-21
	registered locked
	Auto Renewal
	.com.vn

	HERC
	hertzequipmentrental.net
	2016-09-24
	registered locked
	Auto Renewal
	.net

	HERC
	hertzequipmentrental.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequipmentrental.vn
	2016-07-21
	registered locked
	Auto Renewal
	.vn

	HERC
	hertzequipmentrental.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	hertzequipmentrentalcleveland.com
	2016-05-16
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipmentrentals.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzequipmentrentals.com
	2016-12-21
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipmentrentals.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzequipmentrentals.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzequipmentsales.com
	2016-09-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequiprentals.ca
	2016-03-01
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequiprentals.com
	2016-03-01
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipsales.com
	2016-09-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzequipsurvey.com
	2016-09-15
	registered locked
	Auto Renewal
	.com

	HERC
	hertzheavyequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzheavyequipment.com
	2016-07-16
	registered locked
	Auto Renewal
	.com

	HERC
	hertzheavyequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzheavyequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzheavyequipmentrental.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzheavyequipmentrental.com
	2016-04-14
	registered locked
	Auto Renewal
	.com

	HERC
	hertzheavyequipmentrental.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzheavyequipmentrental.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzheavymachinery.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzheavymachinery.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzheavymachinery.com.cn
	2010-03-19
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzheavymachinery.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzplantservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hertzpumps.cn
	2010-03-19
	closed
	Auto Renewal
	.cn

	HERC
	hertzpumps.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzpumps.com
	2017-02-12
	registered locked
	Auto Renewal
	.com

	HERC
	hertzpumps.com.cn
	2010-03-19
	closed
	Auto Renewal
	.com.cn

	HERC
	hertzpumps.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzpumps.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	HERC
	hertzpumpservices.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

53

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	hertzquip.com
	2016-11-27
	registered locked
	Auto Renewal
	.com

	HERC
	hertzrentalequipment.cn
	2016-03-18
	registered locked
	Auto Renewal
	.cn

	HERC
	hertzrentalequipment.com
	2016-06-13
	registered locked
	Auto Renewal
	.com

	HERC
	hertzrentalequipment.com.cn
	2016-03-18
	registered locked
	Auto Renewal
	.com.cn

	HERC
	hertzrentalequipment.net.cn
	2016-03-18
	registered locked
	Auto Renewal
	.net.cn

	 
	hertzrentals.ca
	6/23/2016
	 
	 
	.ca

54

SCHEDULE D

HERC Affiliates
Hertz Investors, Inc.
Hertz Intermediate Holdings, LLC
Hertz Entertainment Services Corporation
Hertz Equipment Rental Co. Holdings Netherlands BV
Hertz Rental Holdings (HK) Limited
Hertz Equipment Rental Company Limited
Hertz Dayim Equipment Rental LLC
Hertz Dayim Equipment Rental Ltd
Hertz Equipment Rental UK Ltd

55

EXHIBIT B-1

TRADEMARK ASSIGNMENT AGREEMENT

This TRADEMARK ASSIGNMENT AGREEMENT (this “Agreement”) is made on this ___ day of _____________, 2016 between HERTZ SYSTEM, INC., a Delaware corporation, with an address of  8501 Williams Road, Estero, Florida 33928, United States of America (“HSI” or “Assignor”) and HERC RENTALS INC., a Delaware corporation, with an address of 27500 Riverview Center Blvd., Bonita Springs, Florida 34134 United States of America (“HERC” or “Assignee”) (hereinafter referred to collectively as the “Parties” and individually as a “Party”). Unless otherwise indicated, capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the IPA (as defined below).
  
WHEREAS, the Parties have entered into an Intellectual Property Agreement (the “IPA”) dated  _______________, whereby, inter alia, Assignor has agreed to assign all right, title and interest in and to the HSI HERC Foreign ERB Trademarks (those foreign trademarks owned by HSI that incorporate the mark/name HERC) related to HERC’s Equipment Rental Business, or ERB, as defined in the IPA, to Assignee as more fully set forth on Schedule A;

WHEREAS, Assignor is the owner of all right, title and interest in and to the HSI HERC Foreign ERB Trademarks, including any and all common law rights and applications and registrations therefor, as more fully set forth on Schedule A;

WHEREAS, in accordance with the IPA, Assignor now wishes to assign and Assignee now wishes to acquire all right, title and interest in and to the HSI HERC Foreign ERB Trademarks; and

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1.      Transfer.   Assignor, by these presents, hereby sells, assigns, transfers and conveys unto the Assignee, its successors and assigns, all of Assignor’s right, title and interest, including any and all common law rights, in and to the HSI HERC Foreign ERB Trademarks, together with any corresponding registrations and applications which may exist and with the goodwill of the business of the Assignor connected with the use of, as well as symbolized by, the aforesaid trademarks. This assignment includes the right to sue and prosecute prior infringements in court and administratively and the Assignee shall therefore have the right, from today on, to consider itself the sole owner of the HSI HERC Foreign ERB Trademarks, to use them as trademarks of its own or else to dispose of them as best suits its interest, without giving rise to any claim whatsoever in this respect on the part of the Assignor at any time.

2.    Recognition of Ownership.   Assignor agrees to thereafter recognize Assignee’s sole and exclusive and unqualified ownership, right, title and interest in and to the HSI HERC Foreign ERB Trademarks in perpetuity.  Assignor shall not directly or indirectly challenge the ownership by Assignee of the HSI HERC Foreign ERB Trademarks, or claim adversely to Assignee any right, title or interest in and to the HSI HERC Foreign ERB Trademarks and Assignor agrees to furnish, upon 

56

the request of Assignee, a written consent in support of any applications which may be filed by such Assignee.

3.    Recordal.   Assignor agrees that, upon Assignee's request, they will promptly execute and deliver all instruments and documents, which may be reasonably necessary or desirable, in order to perfect the transfer of legal title of the HSI HERC Foreign ERB Trademarks in favor of Assignee at the relevant trademark offices. Assignor hereby agrees to execute specific confirmatory assignment and other supplementary documents (as may be required) in favor of Assignee for each of the countries in which the HSI HERC Foreign ERB Trademarks have been registered or applications to register are pending in order to effectuate recordal of the assignment on the Registers of the countries listed in Schedule A.  All costs of filing and recording assignments shall be borne by Assignee.  

4.    Cooperation.  Assignor, at the request of Assignee, further agrees to cooperate and assist Assignee in any legal requirements relating to the status, validity or enforceability of the HSI HERC Foreign ERB Trademarks, including providing Assignee with any information regarding use of the HSI HERC Foreign ERB Trademarks in connection with the prior manufacture, promotion, sale and advertising of any products bearing the HSI HERC Foreign ERB Trademarks.

5.    Miscellaneous.

5.1    Authority.  Each Party represents, warrants, and agrees that its corporate officers executing the Agreement have been duly authorized and empowered to do so.

5.2    Assignment.  HERC may not assign, transfer, sublicense or delegate any of its rights hereunder or delegate its obligations hereunder without the prior written consent of HSI, and any such purported assignment, transfer, sublicense or delegation, in the absence of such consent, shall be void and without effect.

5.3    Entire Understanding/Amendment. This Agreement, the IPA and the agreements exhibited thereto, the Distribution Agreement and the Ancillary Agreements (as defined in the Distribution Agreement) set forth the entire agreement and understanding between the Parties with respect to the subject matter hereof and may not be orally changed, altered, modified or amended in any respect. To effect any change, modification, alteration or amendment of this Agreement, the same must be in writing, signed by all Parties hereto.

5.4    Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of all successors and assigns of the Parties (including by way of merger or sale of all or substantially all assets), subject to the restrictions on assignment set forth herein.

5.5    No Waiver. Except as otherwise provided in this Agreement, neither Party waives any rights under this Agreement by delaying or failing to enforce such rights.  No waiver by any Party of any breach or default hereunder shall be deemed to be a waiver of any subsequent breach or default.  Any agreement on the part of any Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such Party.

57

5.6    Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction or other authoritative body, such invalidity or unenforceability will not affect any other provision of this Agreement. Upon such determination that a provision is invalid or unenforceable, the Parties will negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible.

5.7    Relationship of Parties.  Each Party shall act as an independent contractor in carrying out its obligations under this Agreement.  Nothing contained in this Agreement shall be construed to imply a joint venture, partnership or principal/agent relationship between the Parties and neither Party by virtue of this Agreement shall have the right, power or authority to act or create any obligation, express or implied, on behalf of the other Party.

5.8    Construction. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the Party causing this Agreement to be drafted.  

5.9    Schedules. All schedules attached to this Agreement are incorporated herein by reference as though fully set forth herein.

5.10    Headings.  The paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

5.11    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the Parties hereto and may be used in lieu of the original version of this Agreement for all purposes.  Signatures of the Parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

5.12    Third Party Beneficiaries.  Nothing contained in this Agreement shall be construed to create any third-party beneficiary rights in any individual.

5.13    Governing Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of New York, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York.

*****
    

58

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

HERTZ SYSTEM, INC.
                    
By:___________________     
Name:________________                              
Title: _________________

HERC RENTALS INC.

By:___________________                                         
Name:________________
Title: _________________

*****

59

SCHEDULE  A

HSI HERC Foreign ERB Trademarks

	
					
	Appl/Reg
	Trademark
	Country
	Appl #
	Reg #

	HERTZ SYSTEM, INC.
	HERC
	Canada
	Common Law
	 

	HERTZ SYSTEM, INC.
	HERC 360 in Concentric Bolt Like Circles
	Canada
	1611380
	TMA927410

	HERTZ SYSTEM, INC.
	HERC 360 in Concentric Bolt Like Circles
	Canada
	1694002
	 

	HERTZ SYSTEM, INC.
	HercRentals Logo (black/white)
	Canada
	1765184
	 

60

EXHIBIT B-2

TRADEMARK ASSIGNMENT AGREEMENT

This TRADEMARK ASSIGNMENT AGREEMENT (this “Agreement”) is made on this ___ day of _____________, 2016 between HERTZ SYSTEM, INC., a Delaware corporation, with an address of  8501 Williams Road, Estero, Florida 33928, United States of America (“HSI” or “Assignor”) and HERC RENTALS INC., a Delaware corporation, with an address of 27500 Riverview Center Blvd., Bonita Springs, Florida 34134 United States of America (“HERC” or “Assignee”) (hereinafter referred to collectively as the “Parties” and individually as a “Party”). Unless otherwise indicated, capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the IPA (as defined below).
  
WHEREAS, the Parties have entered into an Intellectual Property Agreement (the “IPA”) dated  _______________, whereby, inter alia, Assignor has agreed to assign all right, title and interest in and to the HSI HERC Foreign ERB Trademarks (those foreign trademarks owned by HSI that incorporate the mark/name HERC) related to HERC’s Equipment Rental Business, or ERB, as defined in the IPA, to Assignee as more fully set forth on Schedule A;

WHEREAS, Assignor is the owner of all right, title and interest in and to the HSI HERC Foreign ERB Trademarks, including any and all common law rights and applications and registrations therefor, as more fully set forth on Schedule A;

WHEREAS, in accordance with the IPA, Assignor now wishes to assign and Assignee now wishes to acquire all right, title and interest in and to the HSI HERC Foreign ERB Trademarks; and

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

1.      Transfer.   Assignor, by these presents, hereby sells, assigns, transfers and conveys unto the Assignee, its successors and assigns, all of Assignor’s right, title and interest, including any and all common law rights, in and to the HSI HERC Foreign ERB Trademarks, together with any corresponding registrations and applications which may exist and with the goodwill of the business of the Assignor connected with the use of, as well as symbolized by, the aforesaid trademarks. This assignment includes the right to sue and prosecute prior infringements in court and administratively and the Assignee shall therefore have the right, from today on, to consider itself the sole owner of the HSI HERC Foreign ERB Trademarks, to use them as trademarks of its own or else to dispose of them as best suits its interest, without giving rise to any claim whatsoever in this respect on the part of the Assignor at any time.

2.    Recognition of Ownership.   Assignor agrees to thereafter recognize Assignee’s sole and exclusive and unqualified ownership, right, title and interest in and to the HSI HERC Foreign ERB Trademarks in perpetuity.  Assignor shall not directly or indirectly challenge the ownership by Assignee of the HSI HERC Foreign ERB Trademarks, or claim adversely to Assignee any right, title 

61

or interest in and to the HSI HERC Foreign ERB Trademarks and Assignor agrees to furnish, upon the request of Assignee, a written consent in support of any applications which may be filed by such Assignee.

3.    Recordal.   Assignor agrees that, upon Assignee's request, they will promptly execute and deliver all instruments and documents, which may be reasonably necessary or desirable, in order to perfect the transfer of legal title of the HSI HERC Foreign ERB Trademarks in favor of Assignee at the relevant trademark offices. Assignor hereby agrees to execute specific confirmatory assignment and other supplementary documents (as may be required) in favor of Assignee for each of the countries in which the HSI HERC Foreign ERB Trademarks have been registered or applications to register are pending in order to effectuate recordal of the assignment on the Registers of the countries listed in Schedule A.  All costs of filing and recording assignments shall be borne by Assignee.  

4.    Cooperation.  Assignor, at the request of Assignee, further agrees to cooperate and assist Assignee in any legal requirements relating to the status, validity or enforceability of the HSI HERC Foreign ERB Trademarks, including providing Assignee with any information regarding use of the HSI HERC Foreign ERB Trademarks in connection with the prior manufacture, promotion, sale and advertising of any products bearing the HSI HERC Foreign ERB Trademarks.

5.    Miscellaneous.

5.1    Authority.  Each Party represents, warrants, and agrees that its corporate officers executing the Agreement have been duly authorized and empowered to do so.

5.2    Assignment.  HERC may not assign, transfer, sublicense or delegate any of its rights hereunder or delegate its obligations hereunder without the prior written consent of HSI, and any such purported assignment, transfer, sublicense or delegation, in the absence of such consent, shall be void and without effect.

5.3    Entire Understanding/Amendment. This Agreement, the IPA and the agreements exhibited thereto, the Distribution Agreement and the Ancillary Agreements (as defined in the Distribution Agreement) set forth the entire agreement and understanding between the Parties with respect to the subject matter hereof and may not be orally changed, altered, modified or amended in any respect. To effect any change, modification, alteration or amendment of this Agreement, the same must be in writing, signed by all Parties hereto.

5.4    Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of all successors and assigns of the Parties (including by way of merger or sale of all or substantially all assets), subject to the restrictions on assignment set forth herein.

5.5    No Waiver. Except as otherwise provided in this Agreement, neither Party waives any rights under this Agreement by delaying or failing to enforce such rights.  No waiver by any Party of any breach or default hereunder shall be deemed to be a waiver of any subsequent breach or default.  

62

Any agreement on the part of any Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such Party.

5.6    Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction or other authoritative body, such invalidity or unenforceability will not affect any other provision of this Agreement. Upon such determination that a provision is invalid or unenforceable, the Parties will negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible.

5.7    Relationship of Parties.  Each Party shall act as an independent contractor in carrying out its obligations under this Agreement.  Nothing contained in this Agreement shall be construed to imply a joint venture, partnership or principal/agent relationship between the Parties and neither Party by virtue of this Agreement shall have the right, power or authority to act or create any obligation, express or implied, on behalf of the other Party.

5.8    Construction. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the Party causing this Agreement to be drafted.  

5.9    Schedules. All schedules attached to this Agreement are incorporated herein by reference as though fully set forth herein.

5.10    Headings.  The paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

5.11    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the Parties hereto and may be used in lieu of the original version of this Agreement for all purposes.  Signatures of the Parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

5.12    Third Party Beneficiaries.  Nothing contained in this Agreement shall be construed to create any third-party beneficiary rights in any individual.

5.13    Governing Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of New York, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York.

    

63

*****

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

HERTZ SYSTEM, INC.
                    
By:___________________     
Name:________________                              
Title: _________________

HERC RENTALS INC.

By:___________________                                         
Name:________________
Title: _________________

*****

64

SCHEDULE  A

HSI HERC Foreign ERB Trademarks

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	Afghanistan
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1815
	14689
	07, 37

	Chile
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1044535
	1156290
	7

	Chile
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	1044521
	1090034
	37

	China (PRC)
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	12165794
	12165794
	7

	China (PRC)
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	12165793
	12165793
	37

	Colombia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	13029419
	495119
	7

	Colombia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	13029414
	495118
	37

	European Community
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	11517381
	11517381
	07, 37

	Panama
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	220338-01
	220338-01
	07, 37

	Saudi Arabia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	191672
	 
	7

	Saudi Arabia
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	191673
	 
	37

	Turkey
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	2013/09663
	2013/09663
	07, 37

	United Arab Emirates
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	185989
	185989
	7

	United Arab Emirates
	HERC 360 in Concentric Bolt Like Circles
	HERTZ SYSTEM, INC.
	185991
	185991
	37

	 
	 
	 
	 
	 
	 

65

EXHIBIT  C

COEXISTENCE AGREEMENT

THIS AGREEMENT (this “Agreement”), effective as of this    day of                2016 (the “Effective Date”), between HERTZ SYSTEM, INC., a Delaware corporation, with an address of  8501 Williams Road, Estero, Florida 33928, United States of America (“HSI”) and HERC RENTALS INC., a Delaware corporation, with an address of 27500 Riverview Center Blvd., Bonita Springs, Florida 34134, United States of America (“HERC”)  (hereinafter referred to collectively as the “Parties” and individually as a “Party”).  Unless otherwise indicated, capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the IPA (as defined below).

WITNESSETH

WHEREAS, the Parties have entered into an Intellectual Property Agreement (the “IPA”) dated  _______________ whereby, inter alia, HSI has agreed to allow HERC to retain ownership and use of the HERC (HERTZ) US ERB Trademarks (those that incorporate the mark/name HERTZ) as set forth on Schedule A for the Interim Period (as defined in the IPA) related to HERC’s Equipment Rental Business, or ERB;

WHEREAS, at the same time, HSI owns the worldwide right, title and interest in and to the VRB Trademarks (as defined in the IPA), including several applications and registrations for marks incorporating the mark/name HERTZ in the United States of America; 

WHEREAS, HSI and HERC were until the Effective Date of this Agreement, related entities; 

WHEREAS, as a result of the Separation, the Parties are no longer related entities;

WHEREAS, as a result of the Separation and as agreed upon in the IPA, the Parties wish to ensure that no likelihood of confusion, mistake or deception will result from their respective uses of their respective HERTZ and HERTZ-formative trademarks in the United States of America during the Interim Period; 

WHEREAS, as a further result of the Separation and as agreed upon in the IPA, the Parties wish to further ensure that HSI’s worldwide use of the VRB Trademarks incorporating the name/mark HERTZ and HERTZ-formative trademarks and designs and HERC’s use of the HERC trademarks (including HERC, HERC360 and other HERC-formative trademarks and designs) in connection with the ERB are not likely to cause confusion, mistake or deception in the marketplace on a worldwide basis during the Interim Period and at all times thereafter; and

NOW THEREFORE, for and in consideration of the mutual terms, covenants, and conditions set forth herein, the parties hereto agree as follows:

66

		
	1.1
	The above recitals are incorporated by reference as part of this Agreement.

1.2    All references to “trademarks” shall include service marks.

2.    Co-Existence with respect to use of the HERTZ mark in the United States

2.1    The Parties agree that their respective uses of the HERC (HERTZ) US ERB Trademarks and THC (HERTZ) ERB Domains by HERC and the VRB Trademarks by HSI during the Interim Period in the United States of America are not likely to cause confusion, mistake or deception in the marketplace.  

		
	2.2
	HERC acknowledges and agrees that HSI is the exclusive, worldwide owner of all 

HERTZ and HERTZ-formative trademarks, service marks, logos, trade dress and related indicia as well as any future variations thereof or Other Intellectual Property. HERC further acknowledges that it has no rights anywhere in the world to any HERTZ or HERTZ-formative trademarks or Other Intellectual Property except with respect to the limited rights for the limited duration granted herein and in the IPA and other ancillary agreements thereto.  

2.3    HERC’s use of the HERC (HERTZ) US ERB Trademarks is limited to the Interim Period in the United States of America and Puerto Rico only (the “US Territory”) and limited in scope to the Equipment Rental Business only.  HERC shall immediately discontinue use of the HERC (HERTZ) US ERB Trademarks and abandon or voluntarily withdraw or cancel any applications or registrations therefor upon expiration of the Interim Period or the earlier termination of this Agreement or the Trademark, Trade Name, Domain and Related Rights License Agreement.

2.4    HERC shall not object to the use or registration of any HERTZ or HERTZ-formative trademarks or future variations thereof by HSI in respect of any goods or services in any jurisdiction of the world during the Term of this Agreement or anytime thereafter.  Furthermore, HERC shall not: (1) contest or challenge the validity or directly or indirectly attack, challenge or impair the title and related rights of any HERTZ or HERTZ-formative trademarks owned by HSI anywhere in the world during the Term of this Agreement or any time thereafter; (2) use, register, apply to register or aid a third party in registering the foregoing rights, or any confusingly similar rights anywhere in the world during the Term of this Agreement or any time thereafter.  It is understood that this last covenant shall survive the expiration or earlier termination of this Agreement.

2.5    The Parties agree that they will not do or permit to be done any act or thing which will in any way impair the trademark rights of the other party or bring into question the validity of their trademarks, trademark applications or registrations or which might support an application for invalidity, cancellation or revocation of any trademark application or registration of the other Party anywhere in the world.

2.6    The Parties agree that they will work together to address and avoid any possible confusion. In the unlikely event that either Party becomes aware of any actual or potential confusion in the marketplace, it will contact the other Party and agree on steps to eliminate or avoid such confusion.

67

3.    Co-Existence with respect to use of the HERTZ and HERC trademarks by the Parties worldwide.

3.1    The Parties agree that HSI’s worldwide use of the VRB Trademarks incorporating the name/mark HERTZ and HERTZ-formative trademarks and designs and HERC’s use of the HERC trademarks (including HERC, HERC360 and other HERC-formative trademarks and designs, and domain names) in connection with the ERB are not likely to cause confusion, mistake or deception in the marketplace on a worldwide basis.

3.2    HERC acknowledges and agrees that HSI is the exclusive, worldwide owner of all 
HERTZ and HERTZ-formative trademarks, service marks, logos, trade dress and related indicia as well as any future variations thereof or Other Intellectual Property. HERC further acknowledges that it has no rights anywhere in the world to any HERTZ or HERTZ-formative trademarks or Other Intellectual Property except with respect to the limited rights for the limited duration granted herein and in the IPA and other ancillary agreements thereto.  

3.3    HERC acknowledges and agrees that its use of the HERC trademarks (including HERC, HERC360 and other HERC-formative trademarks and designs) is and shall continue to be limited in scope to the Equipment Rental Business only.  

3.4    HERC shall not object to the use or registration of any HERTZ or HERTZ-formative trademarks or future variations thereof by HSI in respect of any goods or services in any jurisdiction of the world during the Term of this Agreement or anytime thereafter.  Furthermore, HERC shall not: (1) contest or challenge the validity or directly or indirectly attack, challenge or impair the title and related rights of any HERTZ or HERTZ-formative trademarks owned by HSI anywhere in the world during the Term of this Agreement or any time thereafter; (2) use, register, apply to register or aid a third party in registering the foregoing rights, or any confusingly similar rights anywhere in the world during the Term of this Agreement or any time thereafter.   It is understood that this last covenant shall survive the expiration or earlier termination of this Agreement.

3.5    The Parties agree that they will not do or permit to be done any act or thing which will in any way impair the trademark rights of the other party or bring into question the validity of their trademarks, trademark applications or registrations or which might support an application for invalidity, cancellation or revocation of any trademark application or registration of the other Party anywhere in the world.

3.6    The Parties agree that they will work together to address and avoid any possible confusion. In the unlikely event that either Party becomes aware of any actual or potential confusion in the marketplace, it will contact the other Party and agree on steps to eliminate or avoid such confusion.

68

4.    Further Assurances

4.1    Each Party shall promptly upon request of the other party hereto, execute and deliver such documents and take any and all such other action, as the requesting Party shall reasonably request in order to further effectuate the provisions of this Agreement.

4.2    HERC agrees to cooperate fully with HSI, including in furnishing letters of consent or similar documents as may be reasonably required or requested, in order to enable HSI to register, maintain and enforce its rights in the VRB Trademarks in any jurisdiction of the world.

5.    Term.  This Agreement shall commence on the Effective Date and shall continue in effect for a period of twenty (20) years and shall be automatically and successively renewed for additional twenty (20) years unless otherwise terminated by HSI herein, or for so long as the Parties use such trademarks. 

6.    Miscellaneous.

6.1    Authority.  Each Party represents, warrants, and agrees that its corporate officers executing the Agreement have been duly authorized and empowered to do so.

6.2    Assignment.  HERC may not assign, transfer, sublicense or delegate any of its rights hereunder or delegate its obligations hereunder without the prior written consent of HSI, and any such purported assignment, transfer, sublicense or delegation, in the absence of such consent, shall be void and without effect.

6.3    Entire Understanding/Amendment. This Agreement, the IPA and the agreements exhibited thereto, the Distribution Agreement and the Ancillary Agreements (as defined in the Distribution Agreement) set forth the entire agreement and understanding between the Parties with respect to the subject matter hereof and may not be orally changed, altered, modified or amended in any respect. To effect any change, modification, alteration or amendment of this Agreement, the same must be in writing, signed by all Parties hereto.

6.4    Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of all successors and assigns of the Parties (including by way of merger or sale of all or substantially all assets), subject to the restrictions on assignment set forth herein.

6.5    No Waiver. Except as otherwise provided in this Agreement, neither Party waives any rights under this Agreement by delaying or failing to enforce such rights.  No waiver by any Party of any breach or default hereunder shall be deemed to be a waiver of any subsequent breach or default.  Any agreement on the part of any Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such Party.

69

6.6    Severability. If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction or other authoritative body, such invalidity or unenforceability will not affect any other provision of this Agreement. Upon such determination that a provision is invalid or unenforceable, the Parties will negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible.

6.7    Relationship of Parties.  Each Party shall act as an independent contractor in carrying out its obligations under this Agreement.  Nothing contained in this Agreement shall be construed to imply a joint venture, partnership or principal/agent relationship between the Parties and neither Party by virtue of this Agreement shall have the right, power or authority to act or create any obligation, express or implied, on behalf of the other Party.

6.8    Construction. This Agreement shall be construed without regard to any presumption or other rule requiring construction against the Party causing this Agreement to be drafted.  

6.9    Schedules. All schedules attached to this Agreement are incorporated herein by reference as though fully set forth herein.

6.10    Headings.  The paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

6.11    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the Parties hereto and may be used in lieu of the original version of this Agreement for all purposes.  Signatures of the Parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

6.12    Third Party Beneficiaries.  Nothing contained in this Agreement shall be construed to create any third-party beneficiary rights in any individual.

6.13    Governing Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of New York, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York.

    

*****

70

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officers as of the day and year first above written.
                
HERTZ SYSTEM, INC.
By:___________________     
Name:________________                              
Title: _________________
                
HERC RENTALS INC.

By:                                             
Name:_________________                    
                       Title: __________________

71

SCHEDULE    A

HERC (HERTZ) US ERB Trademarks

	
						
	Jurisdiction
	Mark
	Registrant
	Application
Number
	Registration
Number
	Class(es)

	United States
	HERTZ SERVICE PUMP & COMPRESSOR
	HERTZ EQUIPMENT RENTAL CORPORATION
	86095047
	4571223
	35, 37

	United States
	HERTZ
	HERTZ EQUIPMENT RENTAL CORPORATION
	72145695
	750300
	42

	United States
	HERTZ EQUIPMENT RENTAL
	HERTZ EQUIPMENT RENTAL CORPORATION
	75007011
	2013590
	37

	Puerto Rico
	HERTZ EQUIPMENT RENTAL
	HERTZ EQUIPMENT RENTAL CORPORATION
	43019
	43019
	37

	 
	 
	 
	 
	 
	 

72

 
EXHIBIT D

DOMAIN NAME ASSIGNMENT

This DOMAIN NAME ASSIGNMENT (this “Agreement”) is made on this ___ day of _________, 2016 between THE HERTZ CORPORATION, a Delaware corporation, with an address of 8501 Williams Road, Estero, Florida 33928, United States of America (“THC” or “Assignor”), as the owner of the following domain names (the “THC ERB Domains”):

(See attached Schedule A)

and HERC RENTALS INC., a Delaware corporation, with an address of 27500 Riverview Center Blvd., Bonita Springs, Florida 34135United States of America (“Assignee”) (hereinafter referred to collectively as the “Parties” and individually as a “Party”).  Unless otherwise indicated, capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the IPA (as defined below).

WHEREAS, the Parties have entered into an Intellectual Property Agreement (the “IPA”) dated _______________. whereby, inter alia, Assignor has agreed to assign all right, title and interest in and to the THC ERB Domains to HERC;
    
WHEREAS, in accordance with the IPA, Assignor now wishes to assign and Assignee wishes to acquire all right, title and interest in and to the THC ERB Domains; and

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1.      Assignment:  Assignor hereby assigns, sells and transfers to Assignee all of its right, title and interest in and to the THC ERB Domains, including, but not limited to, all registration and renewal rights with respect to the THC ERB Domains.  Assignor shall thereafter recognize Assignee’s sole and exclusive right, title and interest in and to the THC ERB Domains.  
2.      Continuing Obligations:  Assignor agrees to assist Assignee, upon request, by taking any reasonable action that may be necessary for the perfecting, securing and completing of this Assignment, including the execution of documentation or delivery of any information, whether in documents or online, passwords, authorization codes or other materials that may be required by any agency and/or domain registrar responsible for the administration of the THC ERB Domains.  Assignor further agrees to assist Assignee by complying with all requests received from any domain name registrar to effect such transfer.
3.    Miscellaneous.

73

3.1    Schedules. All schedules attached to this Agreement are incorporated herein by reference as though fully set forth herein.

3.2    Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement.  The exchange of copies of this Agreement and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Agreement as to the Parties hereto and may be used in lieu of the original version of this Agreement for all purposes.  Signatures of the Parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

3.3    Governing Law. This Agreement and all disputes or controversies arising out of or relating to this Agreement or the transactions contemplated hereby shall be governed by, and construed in accordance with, the internal laws of the State of New York, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of New York.

IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be executed and delivered as of the date first written above.
 

       THE HERTZ CORPORATION
    
      By:___________________     
Name:________________                              
Title: _________________

HERC RENTALS INC.
    
      By:___________________     
Name:________________                              
Title: _________________

74

SCHEDULE A

THC ERB DOMAINS

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	1hercsurvey.ca
	2016-04-11
	registered locked
	Auto Renewal
	.ca

	HERC
	1hercsurvey.com
	2016-04-11
	registered locked
	Auto Renewal
	.com

	HERC
	1stcallequip.com
	2016-09-05
	registered locked
	Auto Renewal
	.com

	HERC
	247studioequipment.com
	2016-03-28
	registered locked
	Auto Renewal
	.com

	HERC
	arpielleequipment.com
	2017-02-17
	registered locked
	Auto Renewal
	.com

	HERC
	cinelease.co
	2016-08-12
	registered locked
	Auto Renewal
	.co

	HERC
	cinelease.co.uk
	2016-08-12
	registered locked
	Auto Renewal
	.co.uk

	HERC
	cinelease.com
	2022-12-03
	registered locked
	Auto Renewal
	.com

	HERC
	cinelease.net
	2016-02-24
	registered locked
	Auto Renewal
	.net

	HERC
	cinelease.uk
	2016-08-11
	registered locked
	Auto Renewal
	.uk

	HERC
	e-servicesprogram.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	e-sp.xxx
	2016-12-06
	registered locked
	Auto Renewal
	.xxx

	HERC
	equipmentpoint.com
	2016-06-10
	registered locked
	Auto Renewal
	.com

	HERC
	eservicesprogram.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	firstcallequip.com
	2016-09-05
	registered locked
	Auto Renewal
	.com

	HERC
	herc.us
	2016-06-23
	registered locked
	Auto Renewal
	.us

	HERC
	herc.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	herc360.com
	2016-04-04
	registered locked
	Auto Renewal
	.com

	HERC
	hercdigthemusic.com
	2016-09-13
	registered locked
	Auto Renewal
	.com

	HERC
	hercequip.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	hercequipmentrental.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	hercewp.com
	2016-04-07
	registered locked
	Auto Renewal
	.com

	HERC
	hercfranchise.com
	2016-05-03
	registered locked
	Auto Renewal
	.com

	HERC
	hercreadyfinance.com
	2017-03-24
	registered locked
	Auto Renewal
	.com

	HERC
	hercrental.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	hercrentals.co
	2017-09-23
	registered locked
	Auto Renewal
	.co

	HERC
	hercrentals.com
	2017-09-23
	registered locked
	Auto Renewal
	.com

	HERC
	hercrentals.info
	2017-09-23
	registered locked
	Auto Renewal
	.info

	HERC
	hercrentals.net
	2017-09-23
	registered locked
	Auto Renewal
	.net

	HERC
	hercsupply.com
	2017-02-06
	registered locked
	Auto Renewal
	.com

	HERC
	hercsurvey.ca
	2016-04-11
	registered locked
	Auto Renewal
	.ca

	HERC
	hercsurvey.com
	2016-04-11
	registered locked
	Auto Renewal
	.com

	HERC
	hercusa.com
	2016-06-23
	registered locked
	Auto Renewal
	.com

	HERC
	hertsequip.com
	2016-11-20
	registered locked
	Auto Renewal
	.com

	HERC
	hrequipamentos.pt
	 
	closed
	Auto Renewal
	.pt

	HERC
	matthewequipment.com
	2016-08-24
	registered locked
	Auto Renewal
	.com

	HERC
	matthewsequipment.ca
	2016-05-28
	registered locked
	Auto Renewal
	.ca

	HERC
	matthewsequipment.com
	2016-07-14
	registered locked
	Auto Renewal
	.com

	HERC
	rentalequipment.net
	 
	closed
	Auto Renewal
	.net

	HERC
	rentalequipment.net
	2017-02-08
	registered locked
	Auto Renewal
	.net

75

	
						
	Division
	Domain Name
	Paid Through Date
	Status
	Renewal Status
	TLD

	HERC
	rex-equipment.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rex-equipment.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rex-equipment.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

	HERC
	rex-equipment.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rexequipment.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rexequipment.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rexequipment.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

	HERC
	rexequipment.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rexequipmentrental.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rexequipmentrental.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rexequipmentrental.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

	HERC
	rexequipmentrental.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rexrentalequipment.com
	2016-04-22
	registered locked
	Auto Renewal
	.com

	HERC
	rexrentalequipment.info
	2016-04-22
	registered locked
	Auto Renewal
	.info

	HERC
	rexrentalequipment.net
	2016-04-22
	registered locked
	Auto Renewal
	.net

	HERC
	rexrentalequipment.org
	2016-04-22
	registered locked
	Auto Renewal
	.org

	HERC
	rplequipment.com
	2016-05-01
	registered locked
	Auto Renewal
	.com

	HERC
	servicepumpandcompressor.xxx-block
	2021-12-01
	registered locked
	Auto Renewal
	.xxx-block

	HERC
	spump.com
	 
	closed
	Auto Renewal
	.com

	HERC
	spump.com
	2016-11-09
	registered locked
	Auto Renewal
	.com

76

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00258-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00258-of-00352.parquet"}]]