Amendment No. 1 dated June 27, 2022 to 2022-5 Supplement, dated as of March 30, 2022, among Hertz Vehicle Financing III LLC, as issuer, The Hertz Corporation, as administrator, and The Bank of New York Mellon Trust Company, N.A., as trustee

This AMENDMENT NO. 1 (this “Amendment”), dated as of June 27, 2022, to the SERIES 2022- 5 SUPPLEMENT, dated as of March 30, 2022 (as amended, restated, supplemented, or otherwise modified from time to time, the “Series 2022-5 Supplement”), by and among HERTZ VEHICLE FINANCING III LLC, a special purpose limited liability company established under the laws of Delaware (the “Issuer”), THE HERTZ CORPORATION, a corporation established under the laws of Delaware (“THC”), as Administrator (in such capacity, the “Administrator”) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., in its capacity as Trustee (together with its successors in trust thereunder as provided in the Base Indenture referred to below, the “Trustee”), and as securities intermediary (in such capacity, the “Securities Intermediary”) to the Base Indenture, dated as of June 29, 2021, by and between the Issuer and the Trustee (as amended, restated, supplemented, or otherwise modified from time to time, exclusive of series supplements, the “Base Indenture”).

WHEREAS, Section 9.9 (Amendments) of the Series 2022-5 Supplement permits the Issuer and the Trustee to amend the Series 2022-5 Supplement in writing, with the consent of the Majority Series 2022-5 Noteholders, subject to certain conditions set forth in the Series 2022-5 Supplement;

WHEREAS, Section 9.9(b) (Amendments) of the Series 2022-5 Supplement provides that with respect to any amendment to the Series 2022-5 Supplement that does not adversely affect in any material respect one or more Classes, Subclasses and/or Tranches of the Series 2022-5 Notes, as evidenced by an Officer’s Certificate of HVF III, such Class, Subclass and/or Tranche of the Series 2022-5 Notes shall be deemed not Outstanding for purposes of determining the consent for such amendment and the calculation of Majority Series 2022-5 Noteholders (including the Aggregate Principal Amount) shall be modified accordingly;

WHEREAS, Section 9.9(a) (Amendments) of the Series 2022-5 Supplement provides the Issuer and the Trustee may enter into an amendment to the Series 2022-5 Supplement without the consent of any Series 2022-5 Noteholder to cure any mistake, ambiguity, defect or inconsistency or to correct or supplement any provision contained in any Series Supplement; provided that any such amendment requires

(i)an Officer’s Certificate of the Issuer that such amendment shall not materially adversely affect the interests of the Series 2022-5 Noteholder and (ii) satisfaction of the Series 2022-5 Rating Agency Condition with respect to such amendment;

WHEREAS, pursuant to the Consent Solicitation Statement, dated May 20, 2022 (as supplemented by Supplement No. 1 to Consent Solicitation Statement, dated June 1, 2022 and as further amended or supplemented, the “Statement”), the Issuer has solicited consents from the Series 2022-5 Noteholders (the “Solicitation”) to amend the Series 2022-5 Supplement as set forth herein (other than with respect to the amendments to (x) the minimum denomination of the Class D Notes and (y) the definition of “Series 2022-5 Liquidation Event”) (collectively, the “Consent Amendments”);

WHEREAS, the Issuer has received and delivered to the Trustee evidence of the requisite consents to effect the Consent Amendments under the Base Indenture;

WHEREAS, the Issuer has delivered to the Trustee an Officer’s Certificate that the amendment to the minimum denomination of the Class D Notes does not adversely affect in any material respect the Class A Notes, the Class B Notes, or the Class C Notes and The Hertz Corporation, as holder of the Class D Notes consents to the amendment to the minimum denomination of the Class D Notes herein;

WHEREAS, the Issuer has delivered to the Trustee an Officer’s Certificate that (i) the amendment to the definition of “Series 2022-5 Liquidation Event” is being implemented in accordance with Section 9.1(a)(ii) (Amendments) of the Series 2022-5 Supplement to cure a mistake, ambiguity, defect or inconsistency in the Series 2022-5 Supplement in order to conform and correct a reference to the defined term “Limited Liquidation Event of Default” in the Base Indenture and (ii) such amendment does not does not materially adversely affect the interests of the Series 2022-5 Noteholders;

WHEREAS, the Series 2022-5 Rating Agency Condition is satisfied with respect to the amendments described herein;

WHEREAS, the Issuer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel to the effect that this Amendment complies with the requirements of Article 9.9(d) of the Series 2022-5 Supplement; and

WHEREAS, the parties hereto desire, in accordance with Section 9.9(b) (With the Consent of the Majority Series 2022-5 Noteholders) of the Series 2022-5 Supplement, to amend the Series 2022-5 Supplement as provided herein;

NOW, THEREFORE, based upon the mutual promises and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned, intending to be legally bound, hereby agree as follows:

1.Defined Terms. All capitalized terms not otherwise defined herein shall have the meanings assigned thereto in (or by reference in) Schedule I to the Base Indenture or in (or by reference in) Schedule I to the Series 2022-5 Supplement, as applicable.

2.Amendments to the Series 2022-5 Supplement. Pursuant to Section 9.9 (Amendments) of the Series 2022-5 Supplement, the Issuer and the Trustee hereby agree to amend the Series 2022-5 Supplement (the “Amendment”), as follows, with deletions of the stricken text (indicated in the same manner as the following example: stricken text) and the addition of the inserted text (indicated in the same manner as the following example: inserted text.

(a)The last paragraph under the heading “Designation” in the Series 2022-5 Supplement is hereby amended by inserting into the text thereof the text that is underlined and bolded, in each place indicated below:

“The Class A/B/C Notes shall be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess thereof. The Class D Notes shall be issued in minimum denominations of $10,000,000250,000 and integral multiples of $1,000 in excess thereof.”

(b)The definition of “Series 2022-5 Liquidation Event” in Schedule I to the Series 2022-5 Supplement is hereby amended by inserting into the text thereof the text that is underlined and bolded, in each place indicated below:

““Series 2022-5 Liquidation Event” means, so long as such event or condition continues:

(a)any Amortization Event with respect to the Series 2022-5 Notes described in clauses (a) through (d) of Section 7.1 (Amortization Events) of this Series 2022-5 Supplement that continues for thirty (30) consecutive days (without double counting the cure period, if any, provided therein);

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(b) any Amortization Event with respect to the Series 2022-5 Notes described in clauses (e) through (g) of Section 7.1 (Amortization Events) of this Series 2022-5 Supplement that continues for thirty (30) consecutive days (without double counting the cure period, if any, provided therein) after declaration thereof by the Majority Series 2022- 5 Controlling Class; or

(c) any Amortization Event specified in clauses (a) or (b) of Article IX of the Base Indenture after declaration thereof by the Majority Series 2022-5 Controlling Class.

Each Series 2022-5 Liquidation Event shall be a “Limited Liquidation Event of Default” with respect to the Series 2022-5 Notes.”

(c)The definition of “Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amount” in Schedule I to the Series 2022-5 Supplement is hereby amended by inserting into the text thereof the text that is underlined and bolded, in each place indicated below:

““Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amount” means, as of any date of determination, the excess, if any, of the Series 2022-5 Non-Liened Vehicle Amount as of such date over (x) from the Series 2022-5 Closing Date until the first anniversary of the Series 2022-5 Closing Date, either (x) 15.0010.00% of the Aggregate Asset Amount as of such date or (y) if HVF III receives a “30-day letter” issued by the U.S. Internal Revenue Service asserting that HVF III owes tax as a result of being a “publicly traded partnership” treated as a corporation for U.S. federal income tax purposes, then, on and after the thirtieth (30th) day following receipt of such letter and until a “final determination” within the meaning of Section 1313(a) of the Code that HVF III is not a “publicly traded partnership” treated as a corporation for U.S. federal income tax purposes, 0.00% of the Aggregate Asset Amount as of such date and (y) from the first anniversary of the Series 2022-5 Closing Date and thereafter, the lesser of (1) $350 million or (2) 10.0% of the Aggregate Asset Amount as of such date; provided that, for purposes of calculating such excess as of any such date (i) the Net Book Value of any Eligible Vehicle included in the Series 2022-5 Non-Liened Vehicle Amount for purposes of calculating the Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amount and designated by HVF III to constitute Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amounts, as of such date, shall not be included in the Series 2022-5 DBRS Manufacturer Amount for the Manufacturer of such Eligible Vehicle for purposes of calculating the Series 2022-5 DBRS Manufacturer Concentration Excess Amount, as of such date, (ii) the Net Book Value of any Eligible Vehicle included in the Series 2021-1 Non-Liened Vehicle Amount for purposes of calculating the Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amount and designated by HVF III to constitute Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amounts, as of such date, shall not be included in the Series 2022-5 Medium-Duty Truck Amount for purposes of calculating the Series 2022-5 DBRS Medium-Duty Truck Concentration Excess Amount, as of such date, (iii) the Net Book Value of any Eligible Vehicle included in the Series 2022-5 DBRS Manufacturer Amount for the Manufacturer of such Eligible Vehicle for purposes of calculating the Series 2022- 5 DBRS Manufacturer Concentration Excess Amount and designated by HVF III to constitute Series 2022-5 DBRS Manufacturer Concentration Excess Amounts, as of such date, shall not be included in the Series 2022-5 Non-Liened Vehicle Amount for purposes of calculating the Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amount as of such date, and (iv) the determination of which Eligible Vehicles (or the Net Book Value thereof) are to be designated as constituting (A) Series 2022-5 DBRS Non-Liened Vehicle Concentration Excess Amounts, (B) Series 2022-5 DBRS Medium-Duty Truck

Concentration Excess Amount and (C) Series 2022-5 DBRS Manufacturer Concentration Excess Amounts, in each case as of such date shall be made iteratively by HVF III in its reasonable discretion.”

(d)The definition of “Series 2022-5 Moody’s Non-Liened Vehicle Concentration Excess Amount” in Schedule I to the Series 2022-5 Supplement is hereby amended by inserting into the text thereof the text that is underlined and bolded, in each place indicated below:

““Series 2022-5 Moody’s Non-Liened Vehicle Concentration Excess Amount” as of any date of determination, the excess, if any, of the Series 2022-5 Non-Liened Vehicle Amount as of such date over (x) from the Series 2022-5 Closing Date until the first anniversary of the Series 2022-5 Closing Date, either (x) 15.0010.00% of the Aggregate Asset Amount as of such date or (y) if HVF III receives a “30-day letter” issued by the U.S. Internal Revenue Service asserting that HVF III owes tax as a result of being “a publicly traded partnership” treated as a corporation for U.S. federal income tax purposes, then, on and after the thirtieth (30th) day following receipt of such letter and until a “final determination” within the meaning of Section 1313(a) of the Code that HVF III is not a publicly traded partnership treated as a corporation for U.S. federal income tax purposes, 0.00% of the Aggregate Asset Amount as of such date and (y) from the first anniversary of the Series 2022-5 Closing Date and thereafter, the lesser of (1) $350 million or (2) either (a) 10.0% of the Aggregate Asset Amount as of such date; provided that, for purposes of calculating such excess as of any such date

(i) the Net Book Value of any Eligible Vehicle included in the Series 2022-5 Non-Liened Vehicle Amount for purposes of calculating the Series 2022-5 Moody’s Non-Liened Vehicle Concentration Excess Amount and designated by HVF III to constitute Series 2022-5 Moody’s Non-Liened Vehicle Concentration Excess Amounts, as of such date, shall not be included in the Series 2022-5 Moody’s Manufacturer Amount for the Manufacturer of such Eligible Vehicle for purposes of calculating the Series 2022-5 Moody’s Manufacturer Concentration Excess Amount, as of such date, (ii) the Net Book Value of any Eligible Vehicle included in the Series 2022-5 Non-Liened Vehicle Amount for purposes of calculating the Series 2022-5 Moody’s Non-Liened Vehicle Concentration Excess Amount and designated by HVF III to constitute Series 2022-5 Moody’s Non- Liened Vehicle Concentration Excess Amounts, as of such date, shall not be included in the Series 2022-5 Medium-Duty Truck Amount for purposes of calculating the Series 2022-5 Moody’s Medium-Duty Truck Concentration Excess Amount, as of such date, (iii) the Net Book Value of any Eligible Vehicle included in the Series 2022-5 Moody’s Manufacturer Amount for the Manufacturer of such Eligible Vehicle for purposes of calculating the Series 2022-5 Moody’s Manufacturer Concentration Excess Amount and designated by HVF III to constitute Series 2022-5 Moody’s Manufacturer Concentration Excess Amounts, as of such date, shall not be included in the Series 2021-1 Non-Liened Vehicle Amount for purposes of calculating the Series 2022-5 Moody’s Non-Liened Vehicle Concentration Excess Amount as of such date, and (iv) the determination of which Eligible Vehicles (or the Net Book Value thereof) are to be designated as constituting (A) Series 2022-5 Moody’s Non-Liened Vehicle Concentration Excess Amounts, (B) Series 2022-5 Moody’s Medium-Duty Truck Concentration Excess Amount and (C) Series 2022- 5 Moody’s Manufacturer Concentration Excess Amounts, in each case as of such date shall be made iteratively by HVF III in its reasonable discretion.”

(e)The definition of “Series 2022-5 Manufacturer Percentage” in Schedule I to the Series 2022-5 Supplement is hereby amended by inserting into the text thereof the text that is underlined and bolded, in each place indicated below:

““Series 2022-5 Manufacturer Percentage” means, for any Manufacturer listed in the table below, the percentage set forth opposite such Manufacturer in such table; provided that the Manufacturer Limit for Tesla may be increased to greater than 25.00% by an amount not to exceed 15.00% subject to satisfaction of the Rating Agency Condition.

(f) The second paragraph in Exhibit E-1 to the Series 2022-5 Supplement is hereby amended by inserting into the text thereof the text that is underlined and bolded, in each place indicated below:

“This letter relates to US $     principal amount of the 144A Global Note (the “Class D Global Note”) of the Series 2022-5 6.31% Rental Car Asset Backed Notes, Class D (CUSIP No. 42806MAY5) (the “Class D Notes”), held with DTC in the name of Cede & Co. for the beneficial interest of [transferor] (the “Transferor”). If this is a partial transfer, a minimum amount of US$10,000,000250,000 or any integral multiple of US$1,000 in excess thereof of the Class D Global Note will remain outstanding.”

representations and warranties which are limited as to materiality by their terms, which representations and warranties shall be true and correct as of the date of this Amendment) as though such representation or warranty were being made on and as of the date hereof and is hereby deemed repeated as though fully set forth herein.

(b)The execution, delivery and performance by the Issuer of this Amendment (i) have been duly and validly authorized by all necessary corporate and statutory trust proceedings of the Issuer, (ii) requires no action by or in respect of, or filing with, or any consent or approval of, any governmental body, agency or official, which has not been obtained and (iii) do not conflict with or violate or result in a breach of (x) any of the provisions of, or constitutes a default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which the Issuer is a party or by which the Issuer or any of its property is bound, which conflict, violation or default could reasonably be expected to have a Material Adverse Effect or (y) any Requirement of Law.

(c)This Amendment has been executed and delivered by a duly authorized officer of the

valid and binding obligation of the Issuer enforceable against the Issuer in accordance with its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws affecting creditors’ rights generally or by confidential general equitable principles, whether considered in a proceeding at law or in equity and by an implied covenant of good faith and fair dealing).

(e)Upon giving effect to this Amendment, there is no Amortization Event, Liquidation Event of Default or Limited Liquidation Event of Default that is continuing as of the date hereof.

4.Reference to and Effect on the Series 2022-5 Supplement; Ratification.

(a)Except as specifically amended above, the Series 2022-5 Supplement, as amended by this Amendment, is and shall continue to be in full force and effect and is hereby ratified and confirmed in all respects.

(b)The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party hereto under the Series 2022-5 Supplement, or constitute a waiver of any provision of any other agreement.

(c)Upon the effectiveness hereof, each reference in the Series 2022-5 Supplement to “Series 2022-5 Supplement”, “hereto”, “hereunder”, “hereof” or words of like import referring to the Series 2022- 5 Supplement, and each reference in any other Series 2022-5 Related Document to “Series 2022-5 Supplement”, “thereto”, “thereof”, “thereunder” or words of like import referring to the Series 2022-5 Supplement, shall mean and be a reference to the Series 2022-5 Supplement as amended by this Amendment.

5.Counterparts; Electronic Signature. This Amendment may be executed in any number of counterparts (including by facsimile or electronic transmission (including .pdf file, .jpeg file, Adobe Sign, or DocuSign)), each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. Delivery of an executed counterpart signature page of this Amendment by facsimile or any such electronic transmission shall be effective as delivery of a manually executed counterpart of this Amendment and shall have the same legal validity and enforceability as a manually executed signature to the fullest extent permitted by applicable law. Any electronically signed document delivered via email from a person purporting to be an authorized officer shall be considered signed or executed by such authorized officer on behalf of the applicable person and will be binding on all parties hereto to the same extent as if it were manually executed.

6. Governing Law. THIS AMENDMENT AND ALL MATTERS ARISING FROM OR IN ANY MANNER RELATING TO THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

7. Headings. The descriptive headings of the various sections of this Amendment are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions thereof.

8. Severability. The failure or unenforceability of any provision hereof shall not affect the other provisions of this Amendment. Whenever possible each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.

9. Effectiveness; Operative Date. This Amendment shall be effective upon (i) delivery of executed signature pages by all parties hereto and (ii) satisfaction of the Rating Agency Condition with respect to each Series of Notes Outstanding. Notwithstanding the foregoing sentence, the Amendments shall become operative only at such time when the payment for all the delivered consents accepted in the Solicitation have been paid in full pursuant to the Statement (the “Operative Date”), which is currently anticipated to be June 27, 2022. If the Operative Date does not occur on June 27, 2022, the Issuer shall notify the Trustee in writing.

10.Interpretation. Whenever the context and construction so require, all words used in the singular number herein shall be deemed to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine.

11.Trustee Not Responsible. The Trustee shall not be responsible for the validity or sufficiency of this Amendment nor for the recitals herein.

12.Conflicts. To the extent of any inconsistency between the terms of the Base Indenture, the Series 2022-5 Supplement or the Series 2022-5 Notes and this Amendment, the terms of this Amendment will control.

13.Entire Agreement. This Amendment constitutes the entire agreement of the parties hereto with respect to the amendments to the Series 2022-5 Supplement as set forth herein.

14.Successors. All covenants and agreements in this Amendment by the parties hereto shall bind their respective successors.