Exhibit 10.23

Amendment Deed to

Business Sale Agreement

The parties specified in Schedule 1

Asia Pacific Transport Pty Ltd

(Receivers and Managers Appointed)

(Subject to Deed of Company Arrangement)

Freight Link Pty Ltd

(Receivers and Managers Appointed)

(Subject to Deed of Company Arrangement)

GWA (North) Pty Limited

Genesee & Wyoming Inc.

Deutsche Bank Place

Corner Hunter and Phillip Streets

Sydney NSW 2000

Australia

Tel 61 2 9230 4000

Fax 61 2 9230 5333

www.aar.com.au

© Copyright Allens Arthur Robinson 2010

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Table of Contents

 

1.

   Definitions and Interpretation      3       1.1        Definitions      3   
   1.2        Interpretation      3   

2.

   Amendments      4   

3.

   Remaining Provisions Unaffected      4   

4.

   Sale Document      4   

Schedule 1

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

  

 

 

 

 

Date

 

  

 

   27 October 2010    

 

Parties

 

  

 

       1.       The parties specified in schedule 1 (JV SPV Sellers);     2.   
   Freight Link Pty Ltd (Receivers and Managers Appointed) (Subject to Deed of
Company Arrangement) (ACN 093 011 628) of 1 Station Place, Hindmarsh, South
Australia 5007 (FreightLink);     3.       Asia Pacific Transport Pty Ltd
(Receivers and Managers Appointed) (Subject to Deed of Company Arrangement) (ACN
082 501 942) of 1 Station Place, Hindmarsh, South Australia 5007 (APT);     4.
      GWA (North) Pty Limited (ACN 144 081 774) of 320 Churchill Road, Kilburn,
South Australia 5084 (Purchaser); and     5.       Genesee & Wyoming Inc of 66
Field Point Road, Suite 200, Greenwich, CT 06830, United States of America
(Purchaser’s Guarantor).     Recitals           A       The parties are parties
to a business sale agreement dated 9 June 2010 under which APT, the JV SPV
Sellers and FreightLink have agreed to sell the Business and the Business Assets
and the Purchaser has agreed to purchase the Business and the Business Assets
and the Purchaser’s Guarantor has agreed to guarantee the obligations of the
Purchaser (the Principal Agreement).     B      

The parties wish to amend the Principal Agreement in the manner set out in this
Deed.

 

It is agreed as follows.

 

1. Definitions and Interpretation

 

 

1.1 Definitions

Definitions in the Principal Agreement apply in this Deed unless the context
requires otherwise.

 

1.2 Interpretation

Clauses 1.2, 1.3 and 23.8 to 23.13 inclusive of the Principal Agreement apply as
if incorporated in this Deed.

 

3

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

2. Amendments

 

 

The Principal Agreement is amended as follows.

 

  (a) (Clause 1.1) The definition of ‘Cut-Off Date’ in clause 1.1 is deleted and
replaced with the following new definition.

Cut-Off Date means 180 days from the date of this document.

 

3. Remaining Provisions Unaffected

 

 

Except as specifically amended by this Deed, the provisions of the Principal
Agreement remain in full force and effect.

 

4. Sale Document

 

 

This deed is a Sale Document for the purposes of the Principal Agreement.

 

4

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed and delivered as a deed

 

Executed by Brown & Root Investments    )       Pty Ltd (Receivers and Managers
   )       Appointed) by one of its joint and several    )       receivers and
managers Martin Madden or    )       David Winterbottom:    )          )      
SIGNATURE OF KATE CONNEELY       SIGNATURE OF MARTIN MADDEN   

 

     

 

   Witness       Receiver and Manager    /s/ KATE CONNEELY       /s/ MARTIN
MADDEN   

 

     

 

   Name of Witness (print)       Name of Receiver and Manager (print)   
Executed by Brown & Root Investments    )       (No.1) Pty Ltd (Receivers and
Managers    )       Appointed) by one of its joint and several    )      
receivers and managers Martin Madden or    )       David Winterbottom:    )   
      )       SIGNATURE OF KATE CONNEELY       SIGNATURE OF MARTIN MADDEN   

 

     

 

   Witness       Receiver and Manager    /s/ KATE CONNEELY       /s/ MARTIN
MADDEN   

 

     

 

   Name of Witness (print)       Name of Receiver and Manager (print)   

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by GWA Northern Pty Ltd    )       (Receivers and Managers Appointed)
by    )       one of its joint and several receivers and    )       managers
Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

     

SIGNATURE OF MARTIN MADDEN

 

   Witness       Receiver and Manager    /s/ KATE CONNEELY       /s/ MARTIN
MADDEN   

 

     

 

   Name of Witness (print)       Name of Receiver and Manager (print)   
Executed by ARG Sell Down No.1 Pty Ltd    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

     

SIGNATURE OF MARTIN MADDEN

 

   Witness       Receiver and Manager    /s/ KATE CONNEELY       /s/ MARTIN
MADDEN   

 

     

 

   Name of Witness (print)       Name of Receiver and Manager (print)   
Executed by Darwin Rail No.1 Pty Limited    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by Darwin Rail No.3 Pty Limited    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by John Holland AD Investments    )       Pty Ltd (Receivers and
Managers    )       Appointed) by one of its joint and several    )      
receivers and managers Martin Madden or    )       David Winterbottom:    )   
      )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by JH Rail Investments Pty Ltd    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by Zelmex Pty Limited    )       (Receivers and Managers Appointed)
by    )       one of its joint and several receivers and    )       managers
Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by Joetel Pty Limited (Receivers    )       and Managers Appointed) by
one of its    )       joint and several receivers and managers    )       Martin
Madden or David Winterbottom:    )          )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by Macmahon Rail Investments    )       Pty Limited (Receivers and
Managers    )       Appointed) by one of its joint and several    )      
receivers and managers Martin Madden or    )       David Winterbottom:    )   
      )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by Thomco (No. 2021) Pty Ltd    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by S.A.N.T (MGT-UJV) Pty Ltd    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by S.A.N.T (TERM-UJV) Pty Ltd    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by Northern Railway Aboriginal    )       Investment Pty Ltd
(Receivers and    )       Managers Appointed), by one of its joint    )      
and several receivers and managers Martin    )       Madden or David
Winterbottom:    )          )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by Central Railway Aboriginal    )       Investment Pty Ltd (Receivers
and    )       Managers Appointed), by one of its joint    )       and several
receivers and managers Martin    )       Madden or David Winterbottom:    )   
      )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by NAM NT Rail Pty Limited    )       (Receivers and Managers
Appointed), by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by SIF Railway No. 1 Pty Limited    )       (Receivers and Managers
Appointed) by    )       one of its joint and several receivers and    )      
managers Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by Memax Pty Limited    )       (Receivers and Managers Appointed)
by    )       one of its joint and several receivers and    )       managers
Martin Madden or David    )       Winterbottom:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by Nortfol Pty Limited (Receivers    )       and Managers Appointed) by
one of its    )       joint and several receivers and managers    )       Martin
Madden or David Winterbottom:    )          )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed by Asia Pacific Transport Pty    )       Ltd (Receivers and Managers
Appointed)    )       (Subject to Deed of Company    )       Arrangement) by one
of its joint and    )       several receivers and managers Martin    )      
Madden or Jannamaria Robertson:    )          )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

  

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

Amendment Deed to

Business Sale Agreement

   LOGO [g124266g66i44.jpg]

 

 

 

Executed by Freight Link Pty Ltd    )       (Receivers and Managers Appointed)
   )       (Subject to Deed of Company    )       Arrangement) by one of its
joint and    )       several receivers and managers Martin    )       Madden or
Jannamaria Robertson:    )      

SIGNATURE OF KATE CONNEELY

 

Witness

 

/s/ KATE CONNEELY

 

Name of Witness (print)

     

SIGNATURE OF MARTIN MADDEN

 

Receiver and Manager

 

/s/ MARTIN MADDEN

 

Name of Receiver and Manager (print)

   Executed in accordance with section 127 of    )       the Corporations Act
2001 by GWA (North)    )       Pty Limited    )      

SIGNATURE OF ROBERT EASTHOPE

 

Company Secretary/Director

 

/s/ ROBERT EASTHOPE

 

Name of Company Secretary/Director (print)

     

SIGNATURE OF MARK W HASTINGS

 

Director

 

/s/ MARK W HASTINGS

 

Name of Director (print)

   Signed for Genesee & Wyoming Inc by its    )       Authorised Representative
in the presence of    )          )      

SIGNATURE OF ROBERT EASTHOPE

 

Witness

 

/s/ ROBERT EASTHOPE

 

Name of Witness (print)

     

SIGNATURE OF MARK W HASTINGS

 

Authorise Representative

 

/s/ MARK W HASTINGS

 

Name of Authorised Representative (print)