Exhibit 10.2

LENDER JOINDER AGREEMENT

This LENDER JOINDER AGREEMENT (this “Agreement”), dated as of December 12, 2011,
to the Credit Agreement (as defined below) is by and among WELLS FARGO BANK,
NATIONAL ASSOCIATION (the “New Lender”), THE GREENBRIER COMPANIES, INC., an
Oregon corporation (the “Borrower”) and BANK OF AMERICA, N.A., as administrative
agent (in such capacity, the “Administrative Agent”) for the Lenders.
Capitalized terms used herein and not otherwise defined shall have the meanings
set forth in the Credit Agreement (as defined below).

RECITALS

WHEREAS, the Borrower, the Lenders party thereto and the Administrative Agent
entered into that certain Second Amended and Restated Credit Agreement dated as
of June 30, 2011 (as amended and modified from time to time, the “Credit
Agreement”);

WHEREAS, the Borrower has requested that the Aggregate Commitments be increased
by $30,000,000 such that the Aggregate Commitments will be $290,000,000;

WHEREAS, the New Lender has agreed to provide a Commitment on the terms and
conditions set forth herein and to become a Lender under the Credit Agreement in
connection therewith.

NOW, THEREFORE, IN CONSIDERATION of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

AGREEMENT

1. Pursuant to Section 2.15 of the Credit Agreement, Borrower hereby requests
that New Lender provide, and the New Lender hereby provides, a Commitment under
the Credit Agreement in the amount set forth on Annex A hereto. Effective as of
the Increase Effective Date, the Commitment and initial Applicable Percentage of
the New Lender is set forth in Annex A hereto. The Commitment of New Lender set
forth in Annex A hereto represents an increase in the Aggregate Commitments
under the Credit Agreement pursuant to the terms of Section 2.15 of the Credit
Agreement.

2. The New Lender (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this
Agreement and to consummate the transactions contemplated hereby and to become a
Lender under the Credit Agreement and (ii) it meets the requirements to be an
Eligible Assignee of the Credit Agreement (subject to such consents, if any, as
may be required under Section 10.06 of the Credit Agreement), (b) confirms it
has received a copy of the Credit Agreement, and has received or has been
accorded the opportunity to receive copies of the most recent financial
statements delivered pursuant to Section 6.01 thereof, as applicable, and such
other documents and information as it deems appropriate to make its own credit
analysis and decision to enter into this Agreement, (c) confirms it has,
independently and without reliance upon the Administrative Agent or any other
Lender and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Agreement, (d) if
it is a Foreign Lender, agrees to provide any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed
and executed by the New Lender; and (e) agrees that (i) it will, independently
and without reliance on the Administrative Agent or any other Lender, and based
on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
the Loan Documents, and (ii) it will perform in accordance with their terms all
of the obligations which by the terms of the Loan Documents are required to be
performed by it as a Lender.

--------------------------------------------------------------------------------

3. The Borrower certifies that, before and after giving effect to such increase,
(a) the representations and warranties contained in Article V of the Credit
Agreement and the other Loan Documents are true and correct in all material
respects on and as of the Increase Effective Date, except (i) to the extent that
such representations and warranties specifically refer to an earlier date, in
which case they are true and correct in all material respects as of such earlier
date, and (ii) that the representations and warranties contained in subsections
(a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to
the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 6.01 of the Credit Agreement and (b) no Default exists.

4. The Borrower represents and warrants to the New Lender that (a) it has the
full power and authority, and has taken all corporate action necessary, to
execute and deliver this Agreement, (b) it gave the Administrative Agent and the
Lenders notice that the Borrower elected to increase the Aggregate Commitments
by $30,000,000 as required under Section 2.15(a) of the Credit Agreement on
November 21, 2011, (c) no Lender has elected to increase its respective
Commitment within the ten Business Day time period and each Lender has been
deemed to have declined to increase its respective Commitment and (d) it has not
received a notice of resignation from the Administrative Agent under to
Section 9.06 of the Credit Agreement.

5. The Borrower agrees that, as of the date hereof (after giving effect to this
Agreement), (a) the Aggregate Commitments are $290,000,000 and (b) the New
Lender (i) is a party to the Credit Agreement as a “Lender”, (ii) is a “Lender”
for all purposes of the Credit Agreement and the other Loan Documents, and
(iii) has the rights and obligations of a Lender under the Credit Agreement and
the other Loan Documents.

6. The applicable address, facsimile number and electronic mail address of the
New Lender for purposes of Section 10.02 of the Credit Agreement are as set
forth in the New Lender’s Administrative Questionnaire delivered by the New
Lender to the Administrative Agent on or before the date hereof or to such other
address, facsimile number and electronic mail address as shall be designated by
the New Lender in a notice to the Administrative Agent.

7. This Agreement may be executed in any number of counterparts and by the
various parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall
constitute one contract. Delivery of an executed counterpart of this Agreement
by telecopier or other secure electronic format (.pdf) shall be effective as
delivery of a manually executed counterpart of this Agreement.

8. This Agreement shall be governed by and construed and interpreted in
accordance with the laws of the State of New York.

[remainder of page intentionally left blank]

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed by a duly authorized officer as of the date first above written.

 

NEW LENDER:     WELLS FARGO BANK, NATIONAL ASSOCIATION,     as New Lender    
By:   /s/    Dawn Mace Moore     Name:   Dawn Mace Moore     Title:   Vice
President

 

BORROWER:     THE GREENBRIER COMPANIES, INC.,     an Oregon corporation     By:
  /s/    Lorie Leeson     Name:   Lorie Leeson     Title:   Vice President,
Corporate Finance and Treasurer

 

ACCEPTED AND AGREED: BANK OF AMERICA, N.A., as Administrative Agent By:  
/s/    Tiffany Shin Name:   Tiffany Shin Title:   Assistant Vice President

--------------------------------------------------------------------------------

Annex A to

Lender Joinder Agreement

COMMITMENTS AND APPLICABLE PERCENTAGE

 

Lender

   Revolving
Commitment      Applicable
Percentage  

Wells Fargo Bank, National Association

   $ 30,000,000         10.344827586 %