Reference is made to the Amended and Restated Stockholders Agreement, dated November 20, 2006, (the “Stockholders Agreement”), among Hertz Global Holdings, Inc. (the “Company”) and the stockholders of the Company listed on the signature pages thereto....
Exhibit 9
March 18, 2013
To the Recipients Named in Annex A
Ladies and Gentlemen:
Reference is made to the Amended and Restated Stockholders Agreement, dated November 20, 2006, (the “Stockholders Agreement”), among Hertz Global Holdings, Inc. (the “Company”) and the stockholders of the Company listed on the signature pages thereto. Capitalized terms used herein but not defined herein shall have their respective meanings set forth in the Stockholders Agreement.
This letter (which may be delivered to you in one or more counterparts) will confirm on behalf of the Stockholders identified in the signature pages hereto, that, from and after the date hereof and notwithstanding anything to the contrary in the Stockholders Agreement, for so long as the Stockholders named in Annex A hereto collectively hold less than 2.5% of the Shares of the Company, each of the undersigned Stockholders waives the provisions of Section 2.4 of the Stockholders Agreement as they apply to Xxxxxxx Xxxxx Ventures L.P. 2001 and CMC-Hertz Partners, L.P., and each of the undersigned Stockholders acknowledges that the provisions of Section 2.4 of the Stockholders Agreement shall cease to be binding upon Xxxxxxx Xxxxx Ventures L.P. 2001 and CMC-Hertz Partners, L.P.
Further, each of the undersigned Stockholders, representing the other Principal Investors entitled to designate a director (as that phrase is used in Section 2.6(ii)(D) of the Stockholders Agreement) consent to and agree that the directors remaining in office shall not decrease the size of the Board of Directors. By acknowledging and accepting the terms of this letter, Xxxxxxx confirms that, pursuant to Section 2.6(ii) of the Stockholders Agreement, it no longer has the right to designate a Xxxxxxx Nominee, and it is further acknowledged by each of the undersigned that the continuing service of Xxxxx Xxxxxxx as a member of the Board of Directors of the Company is not in the capacity of a Xxxxxxx Nominee.
For the avoidance of doubt, the remaining provisions of the Stockholders Agreement remain in full force and effect.
[Remainder of Page Left Intentionally Blank]
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Very truly yours, | |
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XXXXXXX, XXXXXXXX & XXXX FUND VII, L.P. | |
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By: CD&R Associates VII, LTD., its |
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By: |
/s/ Xxxxxxx X. Xxxx |
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Name: Xxxxxxx X. Xxxx |
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Title: Vice President, Treasurer and |
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CDR CCMG CO-INVESTOR L.P. | |
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By: CDR CCMG Co-Investor GP Limited, |
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By: |
/s/ Xxxxxxx X. Xxxx |
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Name: Xxxxxxx X. Xxxx |
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Title: Director |
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CD&R PARALLEL FUND VII, L.P. | |
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By: CD&R Parallel Fund Associates VII, Ltd., |
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By: |
/s/ Xxxxxxx X. Xxxx |
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Name: Xxxxxxx X. Xxxx |
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Title: Vice President, Treasurer and |
[Signature Page to Stockholders Agreement Waiver and Acknowledgement]
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CARLYLE PARTNERS IV, L.P. | |||
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By: TC Group IV, L.P., as its General Partner | ||
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By: |
/s/ Xxxxx X. Xxxxxxxx | ||
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Name: Xxxxx X. Xxxxxxxx | ||
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Title: Authorized Person | ||
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XX XX COINVESTMENT, L.P. | |||
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By: TC Group IV, L.P., as its General Partner | ||
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By: |
/s/ Xxxxx X. Xxxxxxxx | ||
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Name: Xxxxx X. Xxxxxxxx | ||
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Title: Authorized Person | ||
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CEP II U.S. INVESTMENTS, L.P. | |||
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By: CEP II Managing GP, L.P., as its | ||
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General Partner | ||
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By: CEP II Managing GP Holdings, Ltd., | ||
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as its General Partner | ||
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By: |
/s/ Xxxxx X. Xxxxxxxx | ||
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Name: Xxxxx X. Xxxxxxxx | ||
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Title: Authorized Person | ||
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CEP II Participations S.à x.x., SICAR | |||
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By: |
/s/ Xxxxx X. Xxxxxxxx | ||
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Name: Xxxxx X. Xxxxxxxx | ||
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Title: Authorized Person | ||
[Signature Page to Stockholders Agreement Waiver and Acknowledgement]
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Agreed to and Acknowledged by: | ||||
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ML Global Private Equity Fund, L.P. | ||||
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By: MLGPE LTD, its general partner | ||||
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By: |
/s/ Xxxxxx XxXxxxxxx | |||
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Name: Xxxxxx XxXxxxxxx | |||
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Title: Treasurer | |||
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Xxxxxxx Xxxxx Ventures L.P. 2001 | ||||
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By: Xxxxxxx Xxxxx Ventures, LLC, its | |||
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By: |
/s/ Xxxxxx XxXxxxxxx | |||
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Name: Xxxxxx XxXxxxxxx | |||
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Title: Vice President and Treasurer | |||
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XX Xxxxx Co-Investor, L.P. | ||||
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By: XX Xxxxx Co-Investor GP, L.L.C., | |||
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By: ML Global Private Equity Fund, | |||
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L.P., as sole member | |||
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By: MLGPE LTD, its general partner | |||
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By: |
/s/ Xxxxxx XxXxxxxxx | |||
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Name: Xxxxxx XxXxxxxxx | |||
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Title: Treasurer | |||
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CMC-Hertz Partners, L.P. | ||||
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By: CMC-Hertz General Partner, L.L.C., | ||||
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as its General Partner | ||||
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By: |
/s/ Xxxxx Xxxxxxx | ||
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Name: Xxxxx Xxxxxxx | |||
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Title: Authorized Person | |||
[Signature Page to Stockholders Agreement Waiver and Acknowledgement]
ANNEX A
Stockholders:
ML Global Private Equity Fund, X.X.
Xxxxxxx Xxxxx Ventures L.P. 2001
XX Xxxxx Co-Investor, L.P.
CMC-Hertz Partners, L.P.
000 Xxxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Company:
Hertz Global Holdings, Inc.
c/o The Hertz Corporation
000 Xxxx Xxxxxxxxx
Xxxx Xxxxx, Xxx Xxxxxx 00000
Attention: Xxxxxxx Xxxxxxxxx, General Counsel
[Signature Page to Stockholders Agreement Waiver and Acknowledgement]