AMERCO RELEASE This release is made pursuant to and is subject to that certain Agreement dated the 17th day of October, 1995 (the "Agreement") executed by (a) AMERCO, a Nevada corporation ("AMERCO"); (b) EDWARD J. SHOEN ("E. Shoen"); (c) JAMES P. SHOEN ("J. Shoen"); (d) AUBREY K. JOHNSON ("Johnson"); (e) JOHN M. DODDS ("Dodds"); and (f) WILLIAM E. CARTY ("Carty"). Terms used herein with their initial letters capitalized that are defined in the Agreement shall have the meaning given them in the Agreement unless otherwise defined herein. In consideration of the mutual promises set forth in the Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, AMERCO voluntarily, knowingly, and unconditionally, with specific and express intent, and on behalf of itself and its attorneys, officers, directors, employees, agents, predecessors, successors, insurers, subsidiaries and assigns (collectively, the "Releasing Parties"), hereby releases, quits and discharges E. Shoen, J. Shoen, Johnson, Dodds and Carty and their attorneys, employees, agents, heirs, successors, assigns, and insurers (collectively, the "Released Parties") of and from any and all actions, causes of action, suits, defenses, debts, disputes, damages, claims, obligations, liabilities, costs, expenses, and demands of any kind or character whatsoever through the present date, at law or in equity, in contract or in tort, whether matured or unmatured, liquidated or unliquidated, vested or contingent, choate or inchoate, known or unknown, suspected or unsuspected, that the Releasing Party (or any of them) had, now have, or hereafter can, shall, or may have against the Released Parties, or any of them, for, upon, or by reason of any matter, cause or thing whatsoever directly or indirectly arising in connection with or related to the Damage Award. No waiver or amendment of this release, or the promises, obligations or conditions herein, shall be valid unless set forth in writing and signed by the party against whom such waiver or amendment is to be enforced, and no evidence of any waiver or amendment of this release shall be offered or received in evidence in any proceeding, arbitration or litigation between the Releasing Parties (or any of them) and the Released Parties (or any of them) arising out of or affecting this release unless such waiver or amendment is in writing and signed as stated above. The Releasing Parties, and each of them, hereby represent and warrant that they have not assigned, pledged or transferred in any manner to any person or entity any claim that is the subject of this Release. The Releasing Parties shall indemnify the Released Parties, and each of them, from and against all claims that are the subject of this Release that are asserted by any person or entity by or through any of the Releasing Parties or as a result of any assignment, pledge or transfer that caused the foregoing representation to be false. The Releasing Parties hereby agree, represent and warrant that each has had the advice of counsel of his own choosing in negotiations for and the preparation of this Release, and each has read this Release, or has had the same read to him, and that each has had this Release fully explained by such counsel and that each is fully aware of its content and legal effect. This Release shall automatically become effective, without further act of the Releasing Parties or the Released Parties, upon the Effective Date of the Plan. This Release shall be binding upon the successors and assigns of the Releasing Parties an shall inure to the benefit of the successors and assigns of the Released Parties. This Release shall be governed by and construed in accordance with the laws of the State of Arizona. Executed this 17th day of October, 1995. AMERCO, a Nevada corporation By /S/ Gary V. Klinefelter ___________________________________ Its Secretary