Document:

Exhibit 10.29

 

November 20, 2006

 

Clayton, Dubilier & Rice, Inc.

375 Park Avenue, 18th Floor

New York, NY 10152

Tel: (212) 407-5200

Attention: David Wasserman

 

Ladies and Gentleman:

 

Reference is made to the Consulting Agreement, dated
as of December 21, 2005 (the “CD&R Consulting Agreement”),
among Hertz Global Holdings, Inc. (formerly named CCMG Holdings, Inc.)
(the “Company”), The Hertz Corporation (“Hertz”) and Clayton,
Dubilier & Rice, Inc. (“CD&R”). The CD&R
Consulting Agreement sets forth, among other things, the fees to be paid to
CD&R by the Company and its subsidiaries for Consulting Services and
Transaction Services to be performed by CD&R or its affiliates thereunder. Capitalized
terms used but not defined herein shall have the meanings ascribed to them in
the CD&R Consulting Agreement.

 

The parties agree to terminate the CD&R Consulting
Agreement pursuant to Section 4 thereof upon the consummation of the
Company’s initial Public Offering (as defined in the Stockholders Agreement). In
connection with such termination, the Company will pay (or will cause a
subsidiary of the Company to pay) a fee of $5 million to CD&R (the “CD&R
Termination Fee”) on the closing date of the Company’s initial Public Offering
and, in consideration thereof, CD&R will waive any right to any Transaction
Fee in connection with such Public Offering. Upon payment of the CD&R
Termination Fee, the CD&R Consulting Agreement will automatically
terminate, provided that Section 3(b) and Section 3(d) thereof
shall survive solely as to any portion of any Consulting Fee or Expenses
accrued, but not paid or reimbursed, prior to such termination.

 

The termination of the CD&R Consulting Agreement
has been requested by the Company (with Majority Approval, as defined in a
Stockholders Agreement). The CD&R Consulting Agreement is being terminated in
reliance upon, and subject to, the concurrent termination of the Consulting
Agreement, dated as of December 21, 2005, among the Company, Hertz and TC
Group IV, L.L.C. (the “Carlyle Consulting Agreement”) and the Consulting
Agreement, dated as of December 21, 2005, among the Company, Hertz and
Merrill Lynch Global Partners, Inc. (the “Merrill Consulting Agreement”),
in each case in consideration of a fee in an amount equal to the CD&R
Termination Fee and on terms substantially identical to this letter agreement.

 

This letter agreement may be executed in any
number of counterparts, with each executed counterpart constituting an
original, but all together one and the same instrument. This letter agreement
sets forth the entire understanding and agreement among the parties with 

 

 

respect to the transactions contemplated herein and
supersedes and replaces any prior understanding, agreement or statement of
intent, in each case written or oral, of any kind and every nature with respect
hereto. This letter agreement is governed by and construed in accordance with
the laws of the State of New York applicable to agreements made and to be
performed within that state.

 

If the foregoing is in accordance with your
understanding and agreement, please sign and return this letter agreement,
whereupon this letter agreement shall constitute a binding agreement with
respect to the matters set forth herein.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  HERTZ GLOBAL
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J.
  Siracusa

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Paul J. Siracusa

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  President and

  
	
   

  	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE HERTZ
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J.
  Siracusa

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Paul J. Siracusa

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  President and

  
	
   

  	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  Acknowledged and
  agreed as of the

  	
   

  
	
  date first above
  written:

  	
   

  
	
   

  	
   

  
	
  CLAYTON,
  DUBILIER & RICE, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Theresa A.
  Gore

  	
   

  	
   

  
	
   

  	
  Name:  Theresa A. Gore

  	
   

  	
   

  
	
   

  	
  Title:    Vice President

  	
   

  	
   

  
							

 

2Exhibit 10.30

 

November 20, 2006

 

TC Group IV, L.L.C.

c/o The Carlyle Group

1001 Pennsylvania Avenue, NW

Suite 220 South

Washington, DC 20004-2505

Tel: (202) 347-1818

Attention: Gregory Ledford

 

Ladies and Gentleman:

 

Reference is made to the Consulting Agreement, dated
as of December 21, 2005 (the “Carlyle Consulting Agreement”), among
Hertz Global Holdings, Inc. (formerly named CCMG Holdings, Inc.) (the
“Company”), The Hertz Corporation (“Hertz”) and TC Group IV,
L.L.C. (“Carlyle”). The Carlyle Consulting Agreement sets forth, among
other things, the fees to be paid to Carlyle by the Company and its
subsidiaries for Consulting Services and Transaction Services to be performed
by Carlyle or its affiliates thereunder. Capitalized terms used but not defined
herein shall have the meanings ascribed to them in the Carlyle Consulting
Agreement.

 

The parties agree to terminate the Carlyle Consulting
Agreement pursuant to Section 4 thereof upon the consummation of the
Company’s initial Public Offering (as defined in the Stockholders Agreement). In
connection with such termination, the Company will pay (or will cause a
subsidiary of the Company to pay) a fee of $5 million to Carlyle (the “Carlyle
Termination Fee”) on the closing date of the Company’s initial Public Offering
and, in consideration thereof, Carlyle will waive any right to any Transaction
Fee in connection with such Public Offering. Upon payment of the Carlyle Termination
Fee, the Carlyle Consulting Agreement will automatically terminate, provided
that Section 3(b) and Section 3(d) thereof shall survive
solely as to any portion of any Consulting Fee or Expenses accrued, but not
paid or reimbursed, prior to such termination.

 

The termination of the Carlyle Consulting Agreement
has been requested by the Company (with Majority Approval, as defined in a
Stockholders Agreement). The Carlyle Consulting Agreement is being terminated in
reliance upon, and subject to, the concurrent termination of the Consulting
Agreement, dated as of December 21, 2005, among the Company, Hertz and Clayton,
Dubilier & Rice, Inc. (the “CD&R Consulting Agreement”)
and the Consulting Agreement, dated as of December 21, 2005, among the
Company, Hertz and Merrill Lynch Global Partners, Inc. (the “Merrill
Consulting Agreement”), in each case in consideration of a fee in an amount
equal to the Carlyle Termination Fee and on terms substantially identical to
this letter agreement.

 

This letter agreement may be executed in any
number of counterparts, with each executed counterpart constituting an
original, but all together one and the same instrument. This

 

 

letter agreement sets forth the entire understanding
and agreement among the parties with respect to the transactions contemplated
herein and supersedes and replaces any prior understanding, agreement or
statement of intent, in each case written or oral, of any kind and every nature
with respect hereto. This letter agreement is governed by and construed in
accordance with the laws of the State of New York applicable to agreements made
and to be performed within that state.

 

If the foregoing is in accordance with your
understanding and agreement, please sign and return this letter agreement,
whereupon this letter agreement shall constitute a binding agreement with
respect to the matters set forth herein.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  HERTZ GLOBAL
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J.
  Siracusa

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Paul J. Siracusa

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  President and

  
	
   

  	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE HERTZ
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J.
  Siracusa

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Paul J. Siracusa

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  President and

  
	
   

  	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  Acknowledged and
  agreed as of the

  	
   

  
	
  date first above
  written:

  	
   

  
	
   

  	
   

  
	
  TC GROUP IV,
  L.L.C.

  By:  TC Group,
  L.L.C., its sole member

  By:  TCG Holdings, L.L.C., its managing
  member

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ John F.
  Harris

  	
   

  	
   

  
	
   

  	
  Name:  John F. Harris

  	
   

  	
   

  
	
   

  	
  Title:    Managing Director

  	
   

  	
   

  
							

 

2Exhibit 10.31

 

November 20, 2006

 

Merrill Lynch Global Partners, Inc.

c/o Merrill Lynch Global Private Equity

4 World Financial Center, 23rd Floor

New York, NY 10080

Tel: (212) 449-1119

Attention: George Bitar

 

Ladies and Gentleman:

 

Reference is made to the Consulting Agreement, dated
as of December 21, 2005 (the “Merrill Consulting Agreement”), among
Hertz Global Holdings, Inc. (formerly named CCMG Holdings, Inc.) (the
“Company”), The Hertz Corporation (“Hertz”) and Merrill Lynch
Global Partners, Inc. (“Merrill”). The Merrill Consulting Agreement
sets forth, among other things, the fees to be paid to Merrill by the Company
and its subsidiaries for Consulting Services and Transaction Services to be
performed by Merrill or its affiliates thereunder. Capitalized terms used but
not defined herein shall have the meanings ascribed to them in the Merrill
Consulting Agreement.

 

The parties agree to terminate the Merrill Consulting
Agreement pursuant to Section 4 thereof upon the consummation of the
Company’s initial Public Offering (as defined in the Stockholders Agreement). In
connection with such termination, the Company will pay (or will cause a
subsidiary of the Company to pay) a fee of $5 million to Merrill (the “Merrill
Termination Fee”) on the closing date of the Company’s initial Public
Offering and, in consideration thereof, Merrill will waive any right to any
Transaction Fee in connection with such Public Offering. Upon payment of the
Merrill Termination Fee, the Merrill Consulting Agreement will automatically
terminate, provided that Section 3(b) and Section 3(d) thereof
shall survive solely as to any portion of any Consulting Fee or Expenses
accrued, but not paid or reimbursed, prior to such termination.

 

The termination of the Merrill Consulting Agreement
has been requested by the Company (with Majority Approval, as defined in a
Stockholders Agreement). The Merrill Consulting Agreement is being terminated
in reliance upon, and subject to, the concurrent termination of the Consulting
Agreement, dated as of December 21, 2005, among the Company, Hertz and
Clayton, Dubilier & Rice, Inc. (the “CD&R Consulting
Agreement”) and the Consulting Agreement, dated as of December 21,
2005, among the Company, Hertz and TC Group IV, L.L.C. (the “Carlyle
Consulting Agreement”), in each case in consideration of a fee in an amount
equal to the Merrill Termination Fee and on terms substantially identical to
this letter agreement.

 

This letter agreement may be executed in any
number of counterparts, with each executed counterpart constituting an
original, but all together one and the same instrument. This

 

 

letter agreement sets forth the entire understanding
and agreement among the parties with respect to the transactions contemplated
herein and supersedes and replaces any prior understanding, agreement or
statement of intent, in each case written or oral, of any kind and every nature
with respect hereto. This letter agreement is governed by and construed in
accordance with the laws of the State of New York applicable to agreements made
and to be performed within that state.

 

If the foregoing is in accordance with your
understanding and agreement, please sign and return this letter agreement,
whereupon this letter agreement shall constitute a binding agreement with
respect to the matters set forth herein.

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  HERTZ GLOBAL
  HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J.
  Siracusa

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Paul J. Siracusa

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  President and

  
	
   

  	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE HERTZ
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul J. Siracusa

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Paul J. Siracusa

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  President and

  
	
   

  	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  Acknowledged and
  agreed as of the

  	
   

  
	
  date first above
  written:

  	
   

  
	
   

  	
   

  
	
  MERRILL LYNCH
  GLOBAL PARTNERS, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ George A.
  Bitar

  	
   

  	
   

  
	
   

  	
  Name:  George A. Bitar

  	
   

  	
   

  
	
   

  	
  Title:    Managing Director

  	
   

  	
   

  
							

 

2

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