Ripplewood Holdings L.L.C. One Rockefeller Plaza, 32nd, Fl. New York, NY 10020 Dear Ripplewood Holdings L.L.C.:
Exhibit 10.11
May 29, 2007
Ripplewood Holdings L.L.C.
Xxx Xxxxxxxxxxx Xxxxx, 00xx, Xx.
Xxx Xxxx, XX 00000
Xxx Xxxxxxxxxxx Xxxxx, 00xx, Xx.
Xxx Xxxx, XX 00000
Dear Ripplewood Holdings L.L.C.:
Since investment funds affiliated with or designated by Ripplewood Holdings L.L.C. became
stockholders of RSC Holdings, Inc. (together with its subsidiaries, the “Company”),
Ripplewood Holdings L.L.C. has provided the Company with financial, investment banking, management
advisory and other services at the request of the Company. In connection with the Company’s initial
public offering, the Monitoring Agreement between Ripplewood Holdings L.L.C. and the Company
pursuant to which such services were provided will be terminated.
Notwithstanding such termination, the Company and Ripplewood Holdings L.L.C. anticipate that
from time to time Sponsor will provide services to the Company and assist the Company with
financial, investment banking and other advisory and employee recruiting matters and that, in the
course of providing such services and assisting with such matters Ripplewood Holdings L.L.C. may
incur out of pocket expenses. The Company hereby agrees to reimburse Ripplewood Holdings L.L.C. for
its actual out-of-pocket expenses incurred in connection with providing such services and
assistance to the Company, including any such expenses accrued to date. This reimbursement
obligation is separate from and in addition to any obligation on the part of the Company to
reimburse any representative of Ripplewood Holdings L.L.C. who is a member of the board of
directors of the Company.
RSC HOLDINGS lNC. |
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By: | /s/ Xxxxx Xxxxxx | |||
Name: | Xxxxx Xxxxxx | |||
Title: | SVP - General Counsel | |||