SEC Contract Filing

Filing Date: 2020-05-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tm2018616d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit
10.2</B></FONT></P>

<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">EXECUTION
VERSION</FONT></P>

<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif"></P>

<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>LIMITED
WAIVER, FORBEARANCE AND FOURTH AMENDMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">LIMITED
WAIVER, FORBEARANCE AND FOURTH AMENDMENT, dated as of May 4, 2020 (this &ldquo;<U>Waiver and Amendment</U>&rdquo;), among THE
HERTZ CORPORATION, a Delaware corporation (together with its successors and assigns, the &ldquo;<U>Parent Borrower</U>&rdquo;),
the other Loan Parties party hereto, the several banks and other financial institutions parties hereto as Lenders and the Administrative
Agent (as defined below).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">RECITALS</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">WHEREAS,
the Parent Borrower is party to that certain Credit Agreement, dated as of June 30, 2016 (as amended by the First Amendment, dated
as of February 3, 2017, the Second Amendment, dated as of February 15, 2017, and the Third Amendment, dated as of November 2,
2017, and as further amended, amended and restated, supplemented or otherwise modified from time to time to but not including
the date hereof, the &ldquo;<U>Credit Agreement</U>&rdquo;), among the Parent Borrower, the Subsidiary Borrowers from time to
time party thereto, the several banks and other financial institutions from time to time parties thereto and Barclays Bank PLC,
as administrative agent (in such capacity, the &ldquo;<U>Administrative Agent</U>&rdquo;) and as collateral agent (in such capacity,
the &ldquo;<U>Collateral Agent</U>&rdquo;); with Credit Agricole Corporate and Investment Bank, as syndication agent, and Bank
of America, N.A., Bank of Montreal, BNP Paribas, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Royal Bank
of Canada, each as a co-documentation agent;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">WHEREAS,
the Parent Borrower has informed the Administrative Agent that, in light of the recent, sudden and dramatic impacts of the COVID-19
pandemic on its business particularly and its industry generally (the &ldquo;<U>COVID-19 Impact</U>&rdquo;), the Parent Borrower
may determine that it is in the best interests of the Parent Borrower to not comply with those of its Contractual Obligations
listed on Annex A (the &ldquo;<U>Specified Non-Performance</U>&rdquo;) and, as a result, is requesting relief from any determination
that any such Specified Non-Performance could possibly result in a Default or Event of Default under the following provisions
of the Credit Agreement: (I) failure to comply with certain Contractual Obligations (solely to the extent constituting the Specified
Non-Performance) which may reasonably be expected to have a Material Adverse Effect pursuant to Section 7.4 of the Credit Agreement
and the corresponding Event of Default under Section 9(d) of the Credit Agreement (the &ldquo;<U>Specified Contractual Obligation
Event of Default</U>&rdquo;), (II) failure to provide notice of the occurrence of a Default or Event of Default pursuant to Section
7.7(a) of the Credit Agreement or of the occurrence of a Specified Contractual Obligation Event of Default pursuant to Section
7.7(b)(i) of the Credit Agreement and the corresponding Event of Default under Section 9(d) of the Credit Agreement (&ldquo;<U>Specified
Notice Event of Default</U>&rdquo;) and (III) a Default or Event of Default under Section 9(f)(v) of the Credit Agreement as a
result of the Specified Non-Performance (the &ldquo;<U>Specified 9(f)(v) Event of Default</U>&rdquo;);</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in