SPECIAL AWARD AGREEMENT

Purpose of Special Award Agreement. The Company desires to provide an incentive for Employee to remain employed with the Company for a Special Award Period (as defined below in Section 2). The Company shall provide a Special Award Bonus (as defined below in Section 3) to Employee under the terms and conditions set forth in this Agreement if Employee remains employed through the Special Award Period or is terminated as noted in Section 3 below and complies with the terms of this Agreement. Any Special Award Bonus paid to Employee shall be in addition to other compensation and benefits which Employee may otherwise be eligible to receive from the Company.

Special Award Period. The “Special Award Period” shall begin on the Effective Date and shall end on July 1, 2016. Employee remains an employee-at-will during the entire time of employment with the Company, which means that Company or Employee may terminate employment at any time with or without Cause (as defined under the Hertz Global Holdings, Inc. 2008 Omnibus Incentive Plan, or any successor Company equity plan (the “Omnibus Plan”)) and without advance notice.

Special Award Bonus Payable. The Company shall pay to Employee a total of One Million Dollars ($1,000,000) (the “Target Bonus Amount”), with (i) 50% of the Target Bonus Amount to be payable if Employee remains employed with the Company through July 1, 2015, and (i) 50% of the Target Bonus Amount to be payable if Employee remains employed with the Company through July 1, 2016. Such amounts shall be payable on or as soon as administratively practicable after July 1, 2015 or July 1, 2016, as applicable, but no later than 60 days following such date.

Duties. In addition to the requirements of any policy of the Company and its affiliates, and/or any agreement between Employee and the Company (or its affiliates), during the Special Award Period, Employee agrees to use Employee’s best efforts in the performance of Employee’s regular duties and/or such other duties as may be required or assigned to Employee by the Company (including but not limited to the continued performance of such duties in the best interests of the Company and its affiliates, and protecting the Company’s and its affiliates’ interests at all times during the Special Award Period). If Employee fails to use Employee’s best efforts in the performance of Employee’s regular duties or such other duties as required or assigned to Employee by the Company, Employee shall be deemed to have materially breached this Agreement, and the Company’s obligations under this Agreement will cease as of that time.

Conditions Required for Special Award Bonus. In addition to remaining employed by the Company as a full-time employee in good standing with the Company during the Special Award Period (or being terminated as noted in the second paragraph of Section 3) as provided in Section 3, Employee also must comply with the following conditions to receive the Special Award Bonus:

Compliance with Applicable Laws. Employee shall at all times comply with laws and regulations (whether domestic or foreign) applicable to Employee’s actions on behalf of the Company.

Confidentiality of this Agreement. Employee shall at all times keep confidential (except for disclosure to Employee’s spouse, accountant, attorney, the designated Human Resources representative from the Company and/or the Company’s attorneys) the existence of this Agreement, and all other terms and conditions of this Agreement. Employee further agrees to take all reasonable steps necessary to ensure that confidentiality is maintained by any of the individuals or entities referenced above, to whom disclosure is authorized. Employee shall not disclose information regarding the terms and conditions of this Agreement to any current or former employee of the Company. Employee agrees that disclosure by Employee is in violation of this Agreement, and shall constitute and be treated as a material breach of this Agreement entitling the Company to recovery of any payments made to Employee in connection with this Agreement and that Employee will not be eligible for any further payments under this Agreement. Employee further agrees to give immediate written notice to the Company if Employee is requested or required pursuant to court order, judicial process, or by any regulatory authority, to reveal any information relating to the terms and conditions of this Agreement, prior to providing the information.

Confidentiality of Business Information. At no time during or after Employee’s employment with the Company, shall Employee, without the prior written consent of the Company, use, divulge, disclose or make accessible to any other person, firm, partnership, corporation or other entity any Confidential Information pertaining to the business of the Company or any of its affiliates, except (i) while employed by the Company, in the business of and for the benefit of the Company and its affiliates, or (ii) when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business of the Company, or by any administrative body or legislative body (including

Release. The Special Award Bonus (if any) payable upon Employee being terminated as noted in the second or third paragraphs of Section 3 shall be subject to Employee (or if applicable, Employee’s estate) executing, delivering and not timely revoking a general release of claims (in the form and manner to be provided by the Company) against the Company and its affiliates within 60 days of such termination (the “Release Period”). Such release must be effective and binding and non-revocable by the end of the Release Period, and such Special Award Bonus will not be provided prior to the release being effective and binding and non-revocable. If the Release Period crosses over two calendar years, such Special Award Bonus will be provided no earlier than January 1st of the second calendar year.

Change in Control Waiver. Employee agrees that notwithstanding any provision of any equity award previously granted to Employee by the Company or its affiliates, including any provision under the Omnibus Plan or other applicable equity plan or equity award agreement, or any provision of any employee benefit or retirement plan, program or arrangement of the Company or its affiliates, including any non-qualified deferred compensation plan, that the Spinoff (as defined below) will not constitute a “change of control” (or such other similar term) under such awards, plans, programs or arrangements, and that Employee waives any rights or benefits that Employee would otherwise have if the Spinoff were to constitute a “change of control” (or such other similar term) under such awards, plans, programs or arrangements. Nothing in this Section 6 shall affect any rights or benefits that Employee would have due to a transaction other than the Spinoff that would constitute a “change of control” (or such other similar term) under such awards, plans, programs or arrangements.

Code Section 409A. It is intended that this Agreement (and any Special Award Bonus payable hereunder) will be exempt from or in compliance with Internal Revenue Code Section 409A (“Section 409A”), and this Agreement (and any Special Award Bonus payable hereunder) shall be interpreted and construed on a basis consistent with such intent. This Agreement (and any Special Award Bonus payable hereunder) may be amended in any respect deemed necessary or desirable (including retroactively) by the Company with the intent to preserve exemption from or compliance with Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for payouts under this Agreement. Employee is solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on such person in connection with this Agreement (including any taxes

Entire Agreement.    This Agreement constitutes the entire agreement between the parties with regard to the Special Award Bonus and supersedes any and all previous communications, representations, understandings and agreements with respect to the Special Award Bonus. Except as provided in Section 7, any modification of this Agreement will be effective only if in writing and signed by both parties. This Agreement may not be amended, modified or supplemented orally. Sections 5(b)-(d), 6, 9 and 10 shall survive termination of this Agreement.

Dispute Resolution. In the event of any dispute under the provisions of this Agreement, other than a dispute in which the primary relief sought is an equitable remedy such as an injunction, the parties shall have the dispute, controversy or claim settled by arbitration in Estero, Florida (or such other location as may be mutually agreed upon by the Company and Employee) in accordance with the National Rules for the Resolution of Employment Disputes then in effect of the American Arbitration Association, before a single arbitrator selected by agreement of the parties (or, in the absence of such agreement, appointed by the American Arbitration Association). Any award entered by the arbitrator shall be final, binding and nonappealable and judgment may be entered thereon by either party in accordance with applicable law in any court of competent jurisdiction. This arbitration provision shall be specifically enforceable. The arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of this Agreement.

Compensation Recovery Policy. Without limiting any other provision of this Agreement, the Special Award Bonus shall be subject to the Compensation Recovery Policy under the Company’s Standards of Business Conduct (as amended from time to time, and including any successor or replacement policy or standard) to the extent applicable, or any claw back policy or compensation recovery policy or such other similar policy of the Company and its affiliates in effect from time to time.

Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and their respective successors and assigns. Nothing in this Agreement, express or implied, is intended or shall be construed to give any person other than the parties to this Agreement or their respective successors or assigns any legal or equitable right, remedy or claim under or in respect of any agreement or any provision contained herein.

Assignability. This Agreement and the rights, duties, and obligations hereunder may not be assigned or delegated by Employee without the prior written consent of the Company, and any attempted assignment or delegation without such prior written consent will be void and be of no effect; provided that, in the event of the death of Employee, all rights to receive a Special Award Bonus hereunder (if any) shall become rights of Employee’s estate. The Company may assign or delegate its rights, duties, and obligations hereunder to HERC, HGH or any of their respective parents and other affiliates, or to any person or entity which succeeds to all or substantially all of the business of the Company through merger, consolidation, reorganization, or other business combination or by acquisition of all or substantially all of the assets of the Company.

Applicable Law. This Agreement shall be governed by and construed in accordance with the law of the State of Florida regardless of the application of rules of conflict of law that would apply the laws of any other jurisdiction.

Severability. If a court of competent jurisdiction determines that any portion of this Agreement is in violation of any statute or public policy, then only the portions of this Agreement which violate

Headings and Captions. The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

Counterparts. This Agreement may be executed by one or more of the parties to this Agreement in any number of separate counterparts, each of which, when so executed, shall be deemed an original, and all of said counterparts taken together shall be deemed to constitute but one and the same instrument.