AMENDMENT NO. 4

to that certain
NOTE PURCHASE AGREEMENT
dated as of April 30, 1998

This
AMENDMENT NO. 4 (this "Amendment"), dated as of February 25, 2003, is by and
between CONTAINER APPLICATIONS INTERNATIONAL, INC., a Nevada corporation (the
"Company") and INTERPOOL, INC., a Delaware corporation
("Lender"). Capitalized terms used herein without
definition shall have the respective meanings provided therefor in the Note Purchase
Agreement referred to below.

WHEREAS,
the Company and the Lender are parties to that certain Note Purchase Agreement, dated as
of April 30, 1998 (as amended, modified, supplemented or restated and in effect on the date
hereof, the "Note Purchase Agreement"), pursuant to which
the Lender, upon certain terms and conditions, has purchased a subordinated promissory
note from the Company;

WHEREAS,
the Company has requested that the Lender amend certain of the terms and provisions of the
Note Purchase Agreement as set forth herein; and

WHEREAS,
subject to the terms and provisions hereof the Lender has agreed to amend the Note Purchase
Agreement as hereinafter provided.

NOW
THEREFORE, the parties hereto hereby agree as follows:

§1.
Amendments to Note Purchase Agreement. Subject to the consent of
          the Administrative Agent on behalf of the Lenders (as each such term is defined
          in the Bank Credit Agreement), the Note Purchase Agreement is hereby
          amended as follows:

§1.1. Definitions.
Section 1.1 of the Notc Purchase Agreement is amended as follows:

| | The
definition of "Consolidated Total Debt Service" is hereby amended by deleting
clause (c) of the first sentence of such definition and replacing it with the following
new text: "consolidated rental expense for such period as determined in accordance
with GAAP."
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§2. Representations and
Warranties. The Company hereby represents and warrants to the Lender as
follows:

| | (a) Representations and Warranties in
Note Purchase Agreement. The representations and warranties of the Company
contained in the Note Purchase Agreement were true and correct in all material
respects when made, and continue to be true and correct in all material respects
on the date hereof, except to the extent that such representations expressly
relate to an earlier date.
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| | (b) Authority, Etc.
The execution and delivery by the Company of this Amendment and the other
documents delivered in connection herewith (collectively, the "Amendment
Documents") and the performance by the Company of all of its agreements and
obligations under the Amendment Documents (i) are within the corporate authority
of the Company, (ii) have been duly authorized by all necessary corporate
proceedings by the Company, (iii) do not conflict with or result in any breach
or contravention of any provision of law, statute, rule or regulation to which
the Company is subject or any judgment, order, writ, injunction, license or
permit applicable to the Company, (iv) do not conflict with any provision of the
corporate charter or by-laws of, or any agreement or other instrument binding
upon, the Company, and (v) do not require the approval or consent of, or filing
with, any Person other than those already obtained.
          (c)
Enforceability of Obligations. The Amendment Documents constitute
the legal, valid and binding obligations of the Company, enforceable against the
Company in accordance with their respective terms.
          (d) No
Default. Immediately prior to and after giving effect to this
Amendment, no Default or Event of Default exists under the Note Purchase
Agreement or any Ancillary Document.
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§3. Affirmation of
Company. The Company hereby affirms its absolute and
unconditional promise to pay to the Lender all amounts due under the Note and
the Note Purchase Agreement, at the times and in the amounts provided for
therein. The Company further affirms and agrees that (i) the obligations of the
Company to the Lender under the Note Purchase Agreement as amended hereby are
secured by and entitled to the benefits of the Security Agreement, and (iii) all
references to the term "Note Purchase Agreement" in the Security Agreement shall
hereafter refer to the Note Purchase Agreement as amended hereby.

§4. Notice of Amendment to Bank
Credit Agreement. The Lender acknowledges that it has received notice of the
proposed Waiver and Amendment No. 2 to the Fifth Restated Revolving Credit
Agreement (the "Credit Agreement Amendment") to be entered into by and among
the Company, the Administrative Agent and the Lenders (as each such term is
defined in the Bank Credit Agreement), as such notice is contemplated by Section
7.4 of the Note Purchase Agreement.

§5. Miscellaneous Provisions.

| | (a)
The amendment set forth in Section 1.1 shall be contingent upon the
effectiveness of the Credit Agreement Amendment and (upon satisfaction of said
contingency) shall be effective the date of the Credit Agreement Amendment.
          (b) Except as
otherwise expressly provided by this Amendment, all of the terms, conditions and
provisions of the Note Purchase Agreement shall remain the same. It is declared
and agreed by each of the parties hereto that the Note Purchase Agrcement, as
amended hereby, shall continue in full force and effect, and that this Amendment
and the Note Purchase Agreement shall be read and construed as one instrument.
Nothing contained in this Amendment (i) shall be construed to imply a
willingness on the part of the Lender to grant any similar or other future
amendment of any of the terms and conditions of the Note Purchase Agreement and
(ii) shall in any way prejudice, impair or effect any rights or remedies of the
Lender under the Note Purchase Agreement.
          (c) THIS AMENDMENT
SHALL BE DEEMED TO HAVE BEEN MADE IN THE STATE OF NEW YORK AND THE VALIDITY OF
THIS AMENDMENT AND THE ENFORCEMENT HEREOF SHALL BE DETERMINED UNDER, GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAW.
          (d) This Amendment
may be executed in any number of counterparts, but all such counterparts shall
together constitute but one instrument. In making proof of this Amendment it
shall not be necessary to produce or account for more than one counterpart
signed by each party hereto by and against which enforrernent hereof is sought.
          (e) Headings or
captions used in this Amendment are for convenience of reference only and shall
not define or limit the provisions hereof.
          (f) This Amendment
shall constitute one of the Ancillary Documents referred to in the Note Purohase
Agreement.
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IN
WITNESS WHEREOF, the parties hereto have executed this Amendment as an agreement under
seal as of the date first written above.

| | CONTAINER APPLICATIONS
INTERNATIONAL, INC.
By: 
       Name:
       Title:INTERPOOL, INC.
By: 
       Name:
       Title:
| | -------------------------------------------------------------------------------------------------------------------------

In
accordance with paragraph 19(a) of the Subordination and Intercreditor Ageement, the
undersigned, as Administrative Agent for the Lenders referred to in the Subordination and
lntercreditor Agreement, hereby consents to the amendments contemplated by §1 of this
Amendment.

| | FLEET NATIONAL BANK, as
Administrative Agent for the Lenders
By: 
       Name: Victor Garcia
       Title: Managing Director
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