Fourth Amended and Restated Equipment Management Services Agreement



 Exhibit 10.17 
 REDACTED 
 FOURTH 
 AMENDED AND RESTATED 
 EQUIPMENT MANAGEMENT SERVICES AGREEMENT 
 TEXTAINER EQUIPMENT MANAGEMENT LIMITED 
 AND 
 LEASED ASSETS POOL COMPANY LIMITED 
 as of 1 June 2002 







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 TABLE OF CONTENTS 
  

							
	 	  	 	  	 	  	 Page

	1.	  	DEFINITIONS	  	1
			
	2.	  	TERMINATION OF PRIOR AGREEMENTS; TERM	  	5
			
	3.	  	APPOINTMENT	  	5
			
	4.	  	DUTIES OF MANAGER	  	5
				
		  	4.1	  	Management Services	  	5
				
		  	4.2	  	Recovery Services	  	6
				
		  	4.3	  	Standards; Discretion	  	6
				
		  	4.4	  	Acquisitions	  	7
			
	5.	  	PAYMENTS	  	8
				
		  	5.1	  	Introduction	  	8
				
		  	5.2	  	Manager Fee	  	8
				
		  	5.3	  	Determination, of Pre-Adjustment Owner Proceeds and Estimated Manager Fee	  	9
				
		  	5.4	  	Reconciliation and Adjustment	  	9
				
		  	5.5	  	Reimbursements of Expenses to Manager	  	9
				
		  	5.6	  	Indemnification Proceeds	  	10
				
		  	5.7	  	Manager’s Right of Offset	  	10
			
	6.	  	REPORTS	  	10
				
		  	6.1	  	Monthly Reports	  	10
				
		  	6.2	  	LAPCO Container Financial Reports	  	10
				
		  	6.3	  	Manager’s Financial Statements	  	10
			
	7.	  	WARRANTY AND LIABILITY	  	10
			
	8.	  	INSURANCE	  	10
				
		  	8.1	  	Lessee/Depot Insurance	  	11
				
		  	8.2	  	Contingency Insurance	  	11
				
		  	8.3	  	General Insurance Provisions	  	11

  

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	9.	  	TERMINATION	  	11
				
		  	9.1	  	Termination for Breach	  	11
				
		  	9.2	  	Breach While Loan Outstanding	  	11
				
		  	9.3	  	Rights Upon Termination	  	14
			
	10.	  	RETURN OF EQUIPMENT	  	14
			
	11.	  	ASSIGNMENT; SUB-CONTRACTING AND AGENTS	  	14
			
	12.	  	FORCE MAJEURE	  	14
			
	13.	  	INTEREST/CURRENCY	  	15
				
		  	13.1	  	All sums payable ‘hereunder shall be paid in US Dollars	  	15
			
	14.	  	GENERAL.	  	15
				
		  	14.1	  	Notices	  	15
				
		  	14.2	  	Attorney Fees	  	16
				
		  	14.3	  	Further Assurances	  	16
				
		  	14.4	  	Severability	  	16
				
		  	14.5	  	No Partnership	  	16
				
		  	14.6	  	Waiver	  	17
				
		  	14.7	  	Headings	  	17
				
		  	14.8	  	Entire Agreement	  	17
				
		  	14.9	  	Amendments	  	17
				
		  	14.10	  	Counterparts	  	17
				
		  	14.11	  	Signatures	  	17
				
		  	14.12	  	Governing Law	  	17
				
		  	14.13	  	Jurisdiction	  	17
				
		  	14.14	  	Service of Process	  	17

 Schedule 1: CEU Value By Container Type 
 Schedule 2: Specified Groups 
 Schedule 3: Standby Containers 
 Schedule 4: Standby Container Managers/Lessees 
 Schedule 5: Equipment Acquisition Policy 
 Index of Definitions 
  

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 FOURTH 
 AMENDED AND RESTATED 
 EQUIPMENT MANAGEMENT SERVICES AGREEMENT 
 THIS FOURTH AMENDED AND RESTATED EQUIPMENT MANAGEMENT SERVICES AGREEMENT (the “Agreement”) is made as of 1 June 2002 between LEASED
ASSETS POOL COMPANY LIMITED, a Bermuda company whose registered office is at Century House, 16 Par-la-Ville Road, Hamilton HM HX, Bermuda (“LAPCO”) and TEXTAINER EQUIPMENT MANAGEMENT LIMITED, a Bermuda company whose registered
office is at Century House, 16 Par-la-Ville Road, Hamilton, HM HX, Bermuda (“Manager”). 
 RECITALS 
 A. LAPCO and Manager are parties to that certain Equipment Management Services Agreement dated 31 October 2001 (“Original
Agreement”). 
 B. LAPCO now owns all of the Containers (as defined below) (a) formerly owned by TAC Limited, a Bermuda
company, and managed by Manager pursuant to the Amended and Restated Equipment Management Services Agreement, dated 1 August 1997 (“TAC Agreement”), and (b) formerly owned by Capital Asset Leasing Company Limited, a
Bermuda company, and managed by Manager pursuant to the Amended and Restated Equipment Management Services Agreement, dated 1 August 1997 (“CALCO Agreement”). 
 C. LAPCO and Manager desire to terminate the TAC Agreement and the CALCO Agreement, to include all of the Containers subject to such agreements in the
Original Agreement, and to amend and restate the Original Agreement in its entirety as set forth herein. 
 AGREEMENT 
 IT IS HEREBY AGREED as follows: 
  

	1.	DEFINITIONS 

 An Index of Definitions is attached to
the end of this Agreement for the convenience of the parties. Capitalized terms used in this Agreement and not defined in their context shall have the meanings set forth in this Section 1. 
 “Acquisition Fee” means, with respect to any Container acquired pursuant to Clause 4.4, an amount equal to **** of the
manufacturer’s or vendor’s invoice price of such Container, plus the cost of: (i) positioning such Container (by means of ocean freight, trucking or rail) from its purchase location to any location where such Container is first
put on Lease, (ii) certification, (iii) painting, repairs and decaling, if such Container is purchased used, and (iv) all other costs or expenses associated with taking title to and placing such Container into service,
excluding storage costs, foregone rental income (free days granted), DPP costs incurred, credits for pick-up or drop-off, and the cost of factory inspection, if any, conducted by Manager on a new Container. 
  



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 “Affiliate” means, when used with reference to a specified Person (i) any
Person that directly or indirectly through one or more intermediaries controls or is controlled by or is under common control with the specified Person; (ii) any Person that is an executive officer of, partner in, or serves in a similar
capacity to, the specified Person or of which the specified Person is an executive officer or partner or with respect to which the specified Person serves in a similar capacity; or (iii) any Person or entity owning or controlling ten percent
(10%) or more of the outstanding voting securities of such other entity. For the purposes of this definition, “control,” when, used with respect to any specified Person, means the power to direct the management and policies of such
Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Agreement Termination Date” means the date this Agreement is terminated pursuant to the provisions of Clauses 2 and 9.1.

 “Casualty Loss” means any of the following events with respect to any Container: (a) the actual total loss or
compromised total loss of such Container, (b) the loss, theft or destruction of such Container, or (c) if such Container is subject to a Lease, such Container shall have been deemed under its Lease to have suffered a casualty loss as to
the entire Container. 
 “Casualty Proceeds” means, for any accounting period, all proceeds due to Manager from insurance or
other sources, including proceeds from the insurance specified in Clauses 8.1 and 8.2, as a result of a Casualty Loss with respect to a LAPCO Container. 
 “CEU” means a fixed unit of measurement which expresses the ratio of the cost of a Container to the cost of a twenty-foot Container. The CEU for each type of Container is shown on Schedule 1 to
this Agreement. 
 “CEU Value” means the sum, for all Containers in question, of the CEUs for each Container (determined by
multiplying the number of Containers by Container Type by the CEU for such Container Type as shown on Schedule 1 and adding the results). 
 “Container” means a marine cargo container. 
 “Container Type” means a
Container’s type, as set forth in Schedule l to this Agreement. 
 “Disposition Fees” means **** of the
Sales Proceeds (exclusive of any repair allowances) from the sale of any LAPCO Container in the immediately preceding month (except for any sale (i) to Manager or any Affiliate of Manager, (ii) pursuant to the exercise of a purchase option
contained in a Lease, or (iii) that is due to a Casualty Loss). 
 “Finance Lease” means any Lease for a Container
whose lease agreement provides the Lessee the right or option to purchase the container at the expiration of the Lease and satisfies the criteria for classification as a capital lease pursuant to U.S. GAAP, including Statement of Financial
Accounting Standards No. 13, as amended. 
  

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 “Finance Lease Proceeds” means, for any period of determination, all amounts due to
Manager, including without limitation balloon payments, in connection with the ownership, use and/or operation of Containers subject to a Finance Lease, including, but not limited to, rental, handling, Location Revenue and other rental-related
charges arising from the leasing of such Containers, but excluding Miscellaneous Owner Proceeds and Casualty Proceeds. 
 “Fleet” means, at any time, the fleet of Containers managed by Manager. 
 “Gross Revenue” means
all income (without reduction for expenses or costs), calculated on an accrual basis in accordance with U.S. GAAP, earned in connection with the ownership, use and/or operation of Containers, including, but not limited to, rental, handling, Location
Revenue, damage protection and other rental-related charges arising from the leasing of such Containers, but excluding Finance Lease Proceeds, Miscellaneous Owner Proceeds, Casualty Proceeds, Indemnification Proceeds and Sales Proceeds. 

“Indemnification Proceeds” means, for any accounting period, all proceeds due to Manager from Lessees pursuant to the Leases,
insurance or other sources, including proceeds from the insurance specified in Clauses 8.1 and 8.2, for indemnification of liability and loss with respect to the LAPCO Containers, excluding Casualty Proceeds, Sales Proceeds and Miscellaneous
Owner Proceeds. 
 “LAPCO Container” means all of the Containers which are owned by LAPCO and subject to management by
Manager under this Agreement. 
 “Lease” means a lease for one or more Containers entered into with a Lessee. 
 “Lessee” means any entity to whom Manager leases one or more Containers. 
 “Location Revenue” means the net amount (which can be a positive or negative number) of charges and credits to lessees related to
delivery and return of Containers in geographic locations. 
 “Long-Term Lease Fleet” means, as of any date of
determination, all LAPCO Containers that are then (a) subject to a Lease, other than a Finance Lease, having an initial term of twenty-four (24) months or more or (b) off-lease if their Leases in effect immediately before they went
off-lease were Leases of the type described in clause (a) of this definition. 
 “Master Lease Fleet” means, as of any
date of determination, all LAPCO Containers that are then (a) subject to a Lease other than a Finance Lease or a Lease having an initial term of twenty-four (24) months or less or (b) off-lease if their Leases in effect immediately
before they went off lease were Leases of the type described in clause (a) of this definition. 
 “Miscellaneous Owner
Proceeds” means amounts due to Manager (i) from the manufacturers or sellers of LAPCO Containers for breach of sale warranties relating thereto, and (ii) in payment or settlement of any claims, losses, disputes or proceedings
relating to such Containers, including proceeds from the insurance specified in Clauses 8.1 and 8.2 for damage to such Containers; provided, however, Miscellaneous Owner Proceeds shall not include Sales Proceeds, Casualty
Proceeds, and Indemnification Proceeds. 
  

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 “NOI” means, for any accounting period, Gross Revenue for such period minus
Operating Expenses for such period. 
 “Operating Expenses” means all expenses and costs, calculated on an accrual basis in
accordance with U.S. GAAP, incurred in connection with the ownership, use and/or operation of Containers, including, but not limited to: (i) agency costs and expenses; (ii) depot fees, handling, and storage costs and expenses;
(iii) maintenance and repairs; (iv) repositioning; (v) inspecting; marking and remarking such Containers, except for factory inspection costs associated with the acquisition of new Containers pursuant to Clause 4.4;
(vi) bankruptcy recovery; (vii) bad debts; (viii) audit fees (shared on a CEU basis by Containers in the Fleet); (ix) legal fees incurred in connection with enforcing rights under a Lease of such Containers or repossessing such
Containers; (x) insurance (including, without limitation, insurance obtained by Manager pursuant to the provisions of Clauses 4.1(h) and 8.2); (xi) taxes, levies, duties, charges, assessments, fees, penalties, deductions or
withholdings assessed, charged or imposed upon or against such containers; (xii) expenses, liabilities, claims and costs (including, without limitation, reasonable attorneys fees) incurred by Manager or made against Manager by any third party
arising directly or indirectly (whether wholly or in part) out of the state, condition, operation, use, storage, possession, repair, maintenance or transportation of such containers; (xiii) expenses and costs (including legal fees) of pursuing
claims against manufacturers or sellers of such containers; and (xiv) non-recoverable sales and value-added taxes on such expenses and costs. 
 “Owner Bank Account” means a bank account identified by LAPCO to Manager as the account to which all Owner Proceeds are to be deposited, which shall (subject to subsequent notice) be account number ****, in the name of the
Owner. 
 “Person” means an individual, partnership, joint venture, corporation, limited liability company, company, trust,
estate, or other entity. 
 “Sales Proceeds” means the gross proceeds due to Manager from the sale or other disposition of
LAPCO Containers, less commissions, administrative fees, handling charges or other amounts paid or to be paid to third parties in connection with the sale or other disposition of such Containers, as determined in the sole discretion of Manager.

 “Specified Group” means each a specific group of Containers identified on Schedule 2 to this Agreement.

 “Standby Management Fee” means a fee calculated on a per-CEU per-day basis for the Standby Containers (as defined in
Clause 4.2), in an amount equal to **** of the cost to Manager, per-CEU per-day, for the contingency insurance which Manager may maintain under Clause 8.2 hereto), for all Containers managed by Manager. Such Standby Management Fee shall be
reset as of each renewal or rate adjustment date for such contingent insurance. 
 “Terminated Container” means a LAPCO
Container which: (i) is off-hire and in a depot on the Agreement Termination Date, or (ii) is subject to a Finance Lease on the Agreement Termination Date, or (iii) after the Agreement Termination Date is (a) off-hired and
returned to a depot, or (b) declared lost or unrecoverable by a Lessee or Manager. 
  

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 “U.S. GAAP” means United States generally accepted accounting principles set forth
in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants, and statements and pronouncements of the Financial Accounting Standards Board, or in such other statements by such other
Person as may be approved by the significant segment of the accounting profession, which are applicable to the circumstances as of the date of determination. 
 “US$ or US Dollars” means the lawful currency of the United States of America. 
  

	2.	TERMINATION OF PRIOR AGREEMENTS; TERM. 

 Effective
as of the day and year first herein written, this Agreement supercedes and terminates the TAC Agreement and the CALCO Agreement, and amends and restates the Original Agreement in its entirety as set forth herein. 
 Subject to the provisions of Clauses 9 and 10, this Agreement shall continue in force with respect to a LAPCO Container until the earlier of the
destruction or loss of such Container, or the sale or other disposition of such Container by Manager pursuant to the terms of this Agreement. 
  

	3.	APPOINTMENT. 

 Upon the terms and conditions
hereinafter provided, LAPCO hereby engages Manager, and Manager hereby undertakes to provide to LAPCO, management services in respect of the LAPCO Containers, as agent for and on behalf of LAPCO. LAPCO Containers shall remain subject to the
provisions of this Agreement and Manager shall be entitled to retain possession and control of such Containers until such Containers become Terminated Containers. 
 LAPCO confers on Manager all such authorities and grants all such consents as may be necessary for Manager’s performance of its duties under this Agreement, and will, at the request of Manager, confirm any such
authorities and consents to any third parties, execute such other documents and do such other things as Manager may reasonably request for the purpose of giving full effect to this Agreement and enabling Manager to carry out its duties hereunder.

  

	4.	DUTIES OF MANAGER. 

 4.1 Management Services.
Manager shall, in the name of Manager but as agent for and on behalf of LAPCO, manage and administer the LAPCO Containers, arrange the leasing and enter into Leases of the LAPCO Containers, and administer such Leases. Without prejudice to the
generality of the foregoing Manager shall: 
 (a) decide the identity of each Lessee, the period of the Lease, the rental or other sums
payable thereunder, and the form and content of the Lease, and seek Lessees and enter into Leases as lessor in the name of Manager; 
 (b)
perform on behalf of LAPCO the obligations of the lessor under the Leases; 
  

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 (c) exercise all rights of the lessor under the Leases, including, without limitation, the invoicing
and collection of rental and other payments due from Lessees; 
 (d) take any actions Manager deems necessary to ensure compliance by Lessees
with the terms of their Leases; 
 (e) log interchanges of LAPCO Containers including the return and issue of such Containers from depots;

 (f) inspect, repair, maintain, service and store LAPCO Containers to the extent Manager deems necessary for the purposes of this Agreement
or to comply with the Leases and in accordance with Manager’s maintenance and repair standards for other Containers managed by Manager; 
 (g) sell LAPCO Containers, outright or through a lease/purchase arrangement, in accordance with Manager’s sell/repair decision-making procedures that are from time to time in effect; and 
 (h) obtain insurance in respect of any matters which Manager considers necessary or prudent, including, without limitation, public liability insurance.

 In the performance of its obligations under this Agreement, Manager shall maintain separate accounting records and prepare reports for each Specified
Group. 
 4.2 Recovery Services. As of the date of this Agreement, LAPCO owns certain Containers which are listed on
Schedule 3 to this Agreement and subject to a Finance Lease or management agreement between LAPCO and one of the Persons listed on Schedule 4 to this Agreement (“Standby Containers”). LAPCO may give written
notice to Manager instructing Manager to recover any one or more Standby Containers, which notice shall include the termination date of any lease or sub-lease agreement then applicable to such Container and all information regarding the location,
condition and status thereof which LAPCO may reasonably obtain (“Activation Notice”). A Standby Container with respect to which an Activation Notice has been received by Manager is an “Activated Container.” Upon
receipt of an Activation Notice, Manager shall recover physical control of the Activated Containers upon termination of their then applicable lease or sub-lease agreements, and place such Activated Containers in a condition to be managed and leased
under this Agreement, including, without limitation, repair in accordance with applicable container leasing industry standards, repositioning, inspection and marking and remarking. Activated Containers shall be deemed to be LAPCO Containers and
shall be managed in accordance with this Agreement other than this Section 4.2. 
 4.3 Standards; Discretion. In performing its
duties pursuant to this Agreement and providing the services described herein, Manager shall operate the LAPCO Containers in accordance with reasonable business practice and without preference to ownership thereof, and no preference will be afforded
to or against the LAPCO Containers. Subject to the foregoing, Manager shall have absolute discretion as to the manner of performance of its duties and the exercise of its rights under this Agreement. 
  

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 4.4 Acquisitions  
 (a) Required Acquisitions. Subject to the provisions of this Clause 4.4, LAPCO shall have the right to require Manager to arrange for the
purchase of Containers having a CEU Value not to exceed in any calendar year the greater of (a) the CEU Value of the LAPCO Containers which have been disposed of the immediately preceding calendar year and (b) Containers having a CEU Value
equal to fifteen percent (15%) of the CEU Value of all of the Containers that Manager adds to the Fleet in such calendar year. 
 (b)
Manager’s Rights With Respect to Purchase. LAPCO shall not purchase Containers through any Person other than Manager unless LAPCO has funds available for investment in Containers and Manager is unable to apply such funds to the purchase
of Containers on LAPCO’s behalf. 
 (c) Procedures. 
 (i) Within forty five (45) days after the end of each calendar year, Manager shall notify LAPCO of the CEU Value of LAPCO Containers disposed of
during such calendar year. 
 (ii) Within fifteen (15) days after the beginning of each calendar quarter, LAPCO shall notify Manager of
the total amount of funds LAPCO has available for investment in Containers in such quarter (“Available Funds”). 
 (iii)
Manager’s Equipment Investment Committee meets monthly to order Containers based on market and other factors and on the amount of Available Funds and funds available from other Container owners. When the Equipment Investment Committee has
placed orders for Containers, Manager will inform LAPCO by electronic mail of the number and cost of Containers allocated to LAPCO. Within five (5) days thereafter, LAPCO shall confirm in writing or by electronic mail the number and cost of
Containers LAPCO wishes to purchase from such allocation (a “Confirmation”); the Confirmation shall obligate LAPCO to complete the purchase of the Containers referred to in the Confirmation. 
 (iv) Manager’s receipt of a Confirmation is hereby agreed to constitute LAPCO’s authorization of Manager to act as LAPCO’s agent for the
purchase of the Containers referred to in the Confirmation. 
 (d) Conditions Applicable to Acquisitions. LAPCO’s purchase of
Containers under this Clause 4.4 is subject to the following conditions: 
 (i) LAPCO shall not be entitled to purchase any Containers
under Clause 4.4(a) other than Containers which the Equipment Investment Committee has decided to purchase under Clause (c)(iii); 
 (ii) Manager shall not be required to allocate Containers to LAPCO in violation of any of Manager’s contractual obligations or in violation of equipment acquisition policy described in the last full paragraph of page 19 of the
Prospectus for Textainer Equipment 

  

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Income Fund VI, L. P. dated May 10, 1996 for any such Containers purchased (a copy of which paragraph is attached hereto as Schedule 5);

 (iii) Unless agreed otherwise by Manager, LAPCO shall have timely delivered a Confirmation to Manager; 
 (iv) Unless agreed otherwise by Manager, LAPCO shall not, at the time of the delivery of the Confirmation, be in default of its obligations hereunder;

 (v) All purchases of Containers shall be subject to Manager’s approval of Container Type, location of manufacture or delivery and
pricing; and 
 (vi) All Containers purchased under this Clause 4.4 shall, upon purchase, become LAPCO Containers. 
  

	5.	PAYMENTS 

 5.1 Introduction. The Manager will
deposit all revenues from management of the Fleet other than Indemnification Proceeds into a trust account maintained by Manager, in Manager’s name as trustee. At the end of each week of the calendar month, the Manager will distribute
Pre-Adjustment Owner Proceeds to LAPCO, net of expenses to be reimbursed to Manager; in the last week of the calendar month the Manager will deduct the Estimated Manager Fee for such calendar month from the payment to LAPCO. When the Manager closes
its books for a calendar month, it will make a final determination of the Owner Proceeds and the actual Manager Fee and, depending on the outcome, Manager will either make a payment to LAPCO or deduct an amount from future payments to be made to
LAPCO for the Owner Proceeds and the Manager Fee. 
 5.2 Manager Fee. In consideration of Manager’s services to LAPCO hereunder,
LAPCO shall pay to Manager a monthly fee (“Manager Fee”) equal to the sum of: 
 (a) ****; plus 
 (b) ****; plus 
 (c) ****; plus

 (d) ****; plus 
 (e) ****;
plus 
 (f) ****; plus 
 (g) **** for each Standby Container for which Manager has received an Activation Notice, if (a) Manager recovers physical control of such Container, or (b) LAPCO receives the replacement cost thereof in lieu of Manager recovering
physical control of such Container; plus 
  

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 (h) An adjustment to the amounts in Clauses 5.2 (c) and 5.2 (d) above based on any
Finance Lease Proceeds or Sales Proceeds determined by Manager to be uncollectible during such month (“Bad Debt Adjustment”); plus 
 (i) A reimbursement for any Bad Debt Adjustment previously made, to the extent that any Finance Lease Proceeds or Sales Proceeds on which such Bad Debt Adjustment was based were collected during such month.

 5.3 Determination, of Pre-Adjustment Owner Proceeds and Estimated Manager Fee. 
 At the end of each week, based on its records of cash receipts and disbursements, Manager will calculate the Owner Proceeds subject to adjustment when
Manager closes its books for the month in which such week occurs (“Pre-Adjustment Owner Proceeds”) which shall equal 
 (a)
the sum of Gross Revenue for the LAPCO Containers to the extent collected by Manager during such week; plus 
 (b) the sum of
(i) Sales Proceeds, (ii) Casualty Proceeds, and (iii) Miscellaneous Owner Proceeds, in each case to the extent collected by Manager during such week; minus 
 (c) Operating Expenses for the LAPCO Containers paid by Manager during such week. 
 The “Estimated Manager Fee” for each calendar month shall be an amount equal to the Manager Fee for the immediately preceding calendar
month. 
 Subject to Clause 5.7, Manager shall, no later than seven (7) days after the last day of each week, distribute cash from
its trust account and deposit into the Owner Bank Account equal to the Pre-Adjustment Owner Proceeds for such week, less, in the case of the distribution made for the last week of the calendar month, the Estimated Manager Fee. 
 5.4 Reconciliation and Adjustment. After the close of Manager’s accounting records for each calendar month, Manager shall determine the
Manager Fee for such month in accordance with Clause 5.2 and shall make a final determination of the Owner Proceeds. If (a) the Pre-Adjustment Owner Proceeds less the Estimated Manager Fee distributed for such calendar month pursuant to
Clause 5.3 exceed (b) the Owner Proceeds less the Manager Fee as such amounts are finally determined for such month, then Manager shall remit the difference to the Owner Bank Account. If (a) the Pre-Adjustment Owner Proceeds less the
Estimated Manager Fee distributed for such calendar month pursuant to Clause 5.3 is less than (b) the Owner Proceeds less the Manager Fee as such amounts are finally determined for such month, then Manager shall deduct such amount from the
next payments to be made to LAPCO under Clause 5.3 hereof. Payments to be made under this Clause 5.4 shall be made by Manager within ten (10) days after the close of Manager’s accounting records for each calendar month.

 5.5 Reimbursements of Expenses to Manager. LAPCO shall be responsible for the payment of, and shall reimburse Manager for all
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(including, without limitation, reasonable attorneys fees) incurred by or asserted against Manager as a result of LAPCO’s failure to comply with or
perform its obligations under this Agreement; and (ii) expenses and costs incurred by Manager in the performance of services to recover and condition Activated Containers under Clause 4.2 hereof. Manager may deduct such amounts from the
weekly distribution of Pre-Adjustment Owner Proceeds. 
 5.6 Indemnification Proceeds. When Manager receives Indemnification Proceeds,
Manager shall retain for its own account Indemnification Proceeds to the extent Manager has not been reimbursed for the costs incurred by Manager and to which such Indemnification Proceeds apply, and shall, within seven (7) days after receipt,
deposit the balance of such Indemnification Proceeds into the Owner Bank Account. 
 5.7 Manager’s Right of Offset. Manager may,
at its option, offset and deduct from amounts received or held by Manager for the credit of LAPCO any amount due from LAPCO to Manager under this Agreement. 
  

	6.	REPORTS. 

 6.1 Monthly Reports. Manager
shall, no later than sixty (60) days after the end of each calendar month during the term of this Agreement, deliver to LAPCO financial reports with respect to performance of the LAPCO Containers, broken down by Specified Group, similar in form
and content to reports provided by Manager to other owners of equipment managed by Manager. 
 6.2 LAPCO Container Financial Reports.
Manager shall, no later than the 30th of April of each year during the term of this Agreement, deliver to LAPCO a financial report with respect to the LAPCO Containers, broken down by Specified Group, for the year ended on the preceding 31st of
December, and, if requested by LAPCO, arrange for its auditors, at the expense of LAPCO, to certify to LAPCO that such report is in accordance with: (i) the books and records of Manager relating to the LAPCO Containers, and (ii) generally
accepted accounting principles consistently applied. 
 6.3 Manager’s Financial Statements. Manager shall, as soon as practicable
and in any event within one hundred twenty (120) days after the end of each fiscal year of Manager during the term of this Agreement, deliver to LAPCO a copy of the annual audited financial statements of Manager prepared on a basis in
conformity with generally accepted accounting principles consistently applied and certified by an independent certified public accountant of recognized national standing. 
  

	7.	WARRANTY AND LIABILITY. 

 MANAGER WARRANTS THAT IT
WILL CARRY OUT ITS SERVICES WITH REASONABLE CARE AND SKILL. THIS EXPRESS WARRANTY IS IN LIEU OF ALL OTHER WARRANTIES, WHETHER EXPRESS OR IMPLIED. UNDER NO CIRCUMSTANCES SHALL MANAGER HAVE ANY LIABILITY TO LAPCO FOR ANY SPECIAL INDIRECT OR
CONSEQUENTIAL DAMAGES. 
  

	8.	INSURANCE. 

  

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 8.1 Lessee/Depot Insurance. Manager shall require that all Lessees and container depots insure
(via third-party insurance, or self insurance when acceptable to Manager) the LAPCO Containers against all normally insurable risks (including liability, loss, damage and recovery cost) while any LAPCO Containers are under the control of such
person. 
 8.2 Contingency Insurance. Manager may, in its discretion, obtain and maintain in force contingency insurance against all
or any portion of the risks described in Clause 8.1, which may provide coverage when: (i) recoveries are not effected under any policies in force pursuant to Clause 8.1, and/or (ii) any LAPCO Container is not returned to Manager
by a Lessee (including coverage of the costs of recovering such Container), or (iii) a Lessee or container depot fails to obtain insurance as provided under Clause 8.1. 
 8.3 General Insurance Provisions. LAPCO hereby irrevocably appoints Manager as the agent of LAPCO for the purpose of receiving all monies payable
under such policy or policies of insurance as described in Clauses 8.1 and 8.2, whether effected by Manager, depots or Lessees, and Manager may give a good discharge therefor to the insurance company for all such monies. Manager shall have no
liability for any loss, damage, recovery cost or other cost or expense whatsoever with respect to a lost or destroyed Container, whether or not covered by insurance. LAPCO hereby acknowledges and agrees that Manager will not obtain any insurance
with respect to Standby Containers until such time, if ever, such Containers become Activated Containers subject to the provisions of this Agreement. 
  

	9.	TERMINATION. 

 9.1 Termination for Breach.
Either party may terminate this Agreement by written notice to the other in the event: (i) the other commits a material breach of this Agreement, and (ii) such breach has not been remedied within thirty (30) days after written notice
thereof. Without prejudice to the generality of the foregoing, the failure to make, when due, any payment required to be made under this Agreement shall be deemed a material breach. 
 9.2 Breach While Loan Outstanding. In addition, for so long as any amounts remain outstanding under that certain Fifth Amended and Restated
Revolving Credit and Term Loan Agreement, dated as of 1 June 2002, among LAPCO and Wachovia Bank, National Association, Fortis Bank (Nederland) N.V., Variable Funding Capital Corporation and First Union Securities, Inc. (as such Agreement may
be amended or novated from time to time), the Manager shall be deemed to be in material breach of this agreement if: 
 (a) the Manager fails
to pay any amounts due under, or suffers to exist an event of default with respect to the terms of Indebtedness which singularly or in the aggregate exceeds **** and the effect of such failure or event of default is to cause such Indebtedness to be
declared due and payable prior to the date on which it would otherwise have been due and payable; 
 (b) the Manager has Funded Debt in
excess of ****; 
 (c) the annual after-tax profit (as determined under U.S. GAAP) of the Manager calculated on a rolling four quarter basis
is less than ****; 
  

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 (d) the Tangible Net Worth of the Manager, as reflected in the most recently available audited annual
financial statements of the Manager, is less than ****; 
 (e) the Leverage Ratio of Textainer Group Holdings Limited exceeds **** as of the
end of any fiscal year. 
 For the purposes of this clause: 
 “Affiliate” means, with respect to any person, any other person directly or indirectly controlling, controlled by or under direct or indirect common control with such specified person. For the
purposes of this definition, “control,” when used with respect to any specified person, means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Contingent Obligations” means for any person as of any date of determination, (a) any Guaranty Obligation of that person and (b) any direct or indirect obligation or liability of that
person, contingent or otherwise, (i) in respect of any letter of credit or similar instrument issued for the account of that person or as to which that person is otherwise liable for reimbursement of drawings, (ii) with respect to the
Indebtedness of any partnership or joint venture of which such person is a partner or a joint venturer, excluding any such partnership or joint venture indebtedness which is specifically non-recourse as to the person, (iii) to purchase any
materials, supplies or other property from, or to obtain the services of, another person if the relevant contract or other related document or obligation requires that payment of such materials, supplies or other property, or for such services,
shall be made regardless of whether delivery of such materials, supplies or other property is ever made or tendered, or such services are ever performed or tendered, or (iv) in respect of any interest rate protection contract that is not
entered into in a bona fide hedging operation that provides offsetting benefits to such person. The amount of any Contingent Obligation shall (subject, in the case of Guaranty Obligations, to the last sentence of the definition of “Guaranty
Obligation”) be deemed equal to the maximum reasonably anticipated liability in respect thereof, and shall, with respect to clause (b)(iv) of this definition, be marked to market on a current basis. 
 “Funded Debt” means, in respect of any person, as of any date of determination, the total amount of all such person’s
interest-bearing obligations (determined in accordance with U.S. GAAP and including all issued and undrawn letters of credit) which obligations shall include without limitation (1) the principal amount of all indebtedness, (2) all
Contingent Obligations, (3) all capital lease obligations, (4) all obligations for the deferred purchase price of equipment, and (5) the present value of all operating lease payments for leases to such person of equipment (such
present value shall be calculated using a discount rate equal to Libor plus ****, but shall exclude intracompany obligations between such person and any of its Affiliates. 
 “Guaranty Obligation” means for any person as of any date of determination, any direct or indirect liability of that person with respect
to any Indebtedness, lease for capital equipment, dividend, letter of credit (“primary obligations”) of another person (the “primary obligor”) including any obligation of that person, whether or not contingent
(a) to purchase, repurchase or otherwise acquire such primary obligations of any property constituting direct or indirect security 

  

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therefor, or (b) to advance or provide funds (i) for the payment or discharge of any such primary obligation, or (ii) to maintain working
capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor or (c) to purchase property, security or services
primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, or (d) otherwise to assure or hold harmless the holder of any such primary
obligation against loss in respect thereof. The amount of any Guaranty Obligation shall be deemed equal to the stated or determinable amount of the primary obligation in respect of which such Guaranty Obligation is made or, if not stated or if
indeterminable, the maximum reasonably anticipated liability in respect thereof. 
 “Indebtedness” means for any person as
of the date of determination, without duplication, any obligation of such person for borrowed money, including, without limitation, (i) any obligation incurred through the issuance and sale of bonds, debentures, notes or other similar debt
instruments and (ii) any obligation for borrowed money which is non-recourse to the credit of such person but which is secured by any asset of such person. 
 “Leverage Ratio” means as of any date of determination, for Textainer Group Holdings Limited on a consolidated basis, the ratio of (a) the Funded Debt to (b) the Tangible Net Worth. For
purposes of computing the Leverage Ratio for Textainer Group Holdings Limited on a consolidated basis, which includes Textainer Marine Containers Limited, the portion of consolidated Funded Debt allocable to MeesPierson Transport &
Logistics Holding B.V. shall be removed from this calculation. 
 “Libor” means, for any period, the rate per annum,
determined by LAPCO, which is the arithmetic mean (rounded to the nearest 1/100 of 1%) of the offered rates for dollar deposits having a maturity of one month commencing on the first day of such period that appears on the Telerate British Bankers
Assoc. Interest Settlement Rates Page (defined below) at approximately 11:00 a.m., London time two Business Days prior to the first day of such period (such day, the “LIBOR Determination Date”); provided, however, that if there
shall at any time no longer exist a Telerate British Bankers Assoc. Interest Settlement Rates Page, “Libor” shall mean the rate per annum equal to the average rate at which the principal London offices of Bank of America, N.A.,
Citibank N.A. and J.P. Morgan are offered dollar deposits at or about 10:00 a.m., New York City time, on the LIBOR Determination Date in the London eurodollar interbank market for delivery on the first day of such period for one month and in a
principal amount equal to an amount of not less than $1,000,000. As used herein, “Telerate British Bankers Assoc. Interest Settlement Rates Page” means the display designated as Page 3750 on the Telerate System Incorporated Service
(or such other page as may replace such page on such service for the purpose of displaying the rates at which dollar deposits are offered by leading banks in the London interbank deposit market), as reported by Bloomberg Financial Markets
Commodities News. 
 “Tangible Net Worth” means as of any date of determination, the excess of: 
 (i) the tangible assets calculated in accordance with U.S. GAAP, as reduced by adequate reserves in each case where reserves are proper, over 

 

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 (ii) all Indebtedness; 
 provided, however, that (X) in no event shall there be included in the above calculation any intangible assets such as patents, trademarks, trade names, copyrights, licenses, goodwill, organizational costs,
amounts relating to covenants not to compete, or any securities unless the same are marketable in the United States of America or entitled to be used as a credit against federal income tax liabilities, and (Y) securities included as such
intangible assets shall be taken into account at their current market price or cost, whichever is lower. Tangible Net Worth will be determined without taking account of FASB Statement 133. 
 9.3 Rights Upon Termination. Notwithstanding the foregoing, this Agreement shall continue in full force and effect with respect to each LAPCO
Container and Manager shall continue to manage such LAPCO Container pursuant to the terms and conditions of this Agreement, until the date such LAPCO Container becomes a Terminated Container. Termination of this Agreement shall be without prejudice
to the rights and obligations of the parties which have accrued prior to such termination. 
  

	10.	RETURN OF EQUIPMENT. 

 LAPCO shall have no right to
recover possession or control of any LAPCO Container prior to the date such LAPCO Container becomes a Terminated Container. Promptly after a Container becomes a Terminated Container, if such Terminated Container is not lost or unrecoverable, Manager
shall: 
 (a) with respect to a Terminated Container which is not subject to a Finance Lease, (i) deliver to LAPCO a report of the
location of such Terminated Container, and (ii) procure the return of such Terminated Container to LAPCO; and 
 (b) with respect to a
Terminated Container which is subject to a Finance Lease, assign such Finance Lease to LAPCO. 
 In no event shall Manager be obligated to act in any manner
inconsistent with the rights of Lessees with respect to the LAPCO Containers. 
  

	11.	ASSIGNMENT; SUB-CONTRACTING AND AGENTS. 

 Manager
shall be entitled to appoint subcontractors or agents to carry out all or any portion of its duties hereunder; provided, however, that without the prior written consent of LAPCO, Manager shall not subcontract all or a substantial portion of its
management duties to any Person which is not an Affiliate of Manager. Subject to the foregoing, neither party may assign its rights under this Agreement or delegate its obligations hereunder without the written consent of the other party, such
consent not to be unreasonably withheld. Subject to this Clause 11, this Agreement shall be binding upon and inure to the benefit of, and be enforceable by, LAPCO and Manager, and their respective successors and assigns. 
  

	12.	FORCE MAJEURE. 

  

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 Neither party shall be deemed to be in breach of its obligations hereunder nor shall it be liable to
the other for any loss or damage which may be suffered as a direct or indirect result of the performance of any of their respective obligations being prevented, hindered or delayed by reason of any act of God, war, riot, civil commotion, strike,
lock-out, trade dispute or labor disturbance, accident, breakdown of plant or machinery, explosion, fire, flood, difficulty in obtaining workmen, materials or transport, government action, epidemic, difficulty or impossibility in obtaining access to
any LAPCO Container, or other circumstances whatsoever outside the control of such party affecting the performance of such party’s duties hereunder. 
  

	13.	INTEREST/CURRENCY. 

 13.1 All sums payable hereunder
shall be paid in US Dollars. Each party shall (without prejudice to any other remedy available to such party and whether before or after judgment) be entitled to charge interest at a fluctuating rate per annum equal to two per cent (2%) above
the prime rate from time to time being in force at Wells Fargo Bank, San Francisco, California U.S.A. on any amount due hereunder which is not paid on or before the due date thereof. 
  

	14.	GENERAL. 

 14.1 Notices. All notices,
consents, approvals, requests, demands or other communications pursuant to this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered (including by courier), telecopied (with confirmed receipt) or five
(5) days after deposit into the mail, registered or certified mail, return receipt requested, postage prepaid, to the following address (or to such other address as a party hereto shall have last designated by notice to other): 
  

			
	To Manager:	  	Textainer Equipment Management Limited
		  	c/o Century House
		  	16 Par-la-Ville Road
		  	Hamilton HM HX, Bermuda
		  	Telephone: (441) 292-2487
		  	Telefax: (441) 295-4164
		  	Attention: Chief Financial Officer
		
		  	with a copy to.
		
		  	Textainer Equipment Management (U.S.) Limited
		  	650 California Street, 16th floor
		  	San Francisco, CA 94108
		  	U.S.A.
		  	Telephone: (415) 434-0551
		  	Telefax: (415) 434-0599
		  	Attention: Chief Financial Officer
		
	To LAPCO:	  	Leased Assets Pool Company Limited
		  	c/o Century House
		  	16 Par-la-Ville Road

  

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		  	Hamilton HM HX, Bermuda
		  	Telephone: (441) 292-2487
		  	Telefax: (441) 295-4164
		  	Attention: Dudley Cottingham
		
		  	with a copy to:
		
		  	Leased Assets Pool Company Limited
		  	PO Box 618, Hirzel Court
		  	St Peter Port, Guernsey GYI 4PG
		  	U.K.
		  	Attention: Robert du Feu
		  	Telephone: 44 1481 714 340
		  	Telefax: 44 1481 714 43 1
		
		  	and to:
		
		  	Container Investment Services, Limited
		  	C.I. Tower, 9th Floor
		  	New Malden, KT3 4TE
		  	U.K.
		  	Attention: Hugh Cooksey
		  	Telephone: 44 208 336 2888
		  	Telefax: 44 208 949 5453

 14.2 Attorney Fees. If any proceeding is brought for enforcement of this Agreement or
because of an alleged dispute, breach, default, in connection with any provision of this Agreement, the prevailing party shall be entitled to recover, in addition to other relief to which it may be entitled, reasonable attorney fees and other costs
incurred in connection therewith. 
 14.3 Further Assurances. LAPCO and Manager shall each perform such further acts and execute such
further documents as may be necessary to implement the intent of, and consummate the transactions contemplated by, this Agreement. 
 14.4
Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement
(including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, each portion of any section of this Agreement containing any such provision held to be invalid, illegal or unenforceable) shall be construed so as to give effect to the
intent manifested by the provision held invalid, illegal or unenforceable. 
 14.5 No Partnership. Nothing in the Agreement shall be
deemed to constitute a partnership between the parties hereto. 
  

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 14.6 Waiver. Waiver of any term or condition contained in this Agreement by either party to
this Agreement shall not be construed as a waiver of a subsequent breach or failure of the same term or condition or as a waiver of any other term or condition contained in this Agreement. 
 14.7 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. 
 14.8 Entire Agreement. This Agreement embodies the entire agreement and understanding between
LAPCO and Manager and supersedes all prior agreements and understandings relating to the subject matter hereof. The terms of this Agreement may not be contradicted by evidence of any prior or contemporaneous agreement. All schedules attached hereto
or referred to herein are incorporated herein by this reference. 
 14.9 Amendments. This Agreement may not be modified, amended or
terminated except by an instrument in writing signed by LAPCO and Manager, and any provision of this Agreement may be waived only in writing by the party to be charged with the waiver. 
 14.10 Counterparts. This Agreement may be signed in counterparts each of which shall constitute an original instrument, but all of which together
shall constitute but one and the same instrument. 
 14.11 Signatures. Any signature required with respect to this Agreement may be
provided via facsimile, provided that original of such signatures are supplied by each party to the other party promptly thereafter. 
 14.12
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, U.S.A. 
 14.13 Jurisdiction. The parties hereto hereby submit to the non-exclusive jurisdiction of the courts of the State of California, U.S.A., provided that such submission shall not preclude the taking of proceedings in any other forum.

 14.14 Service of Process. The parties hereby irrevocably authorize and appoint the Persons specified below (or such other Persons
resident in California, as it may by notice to the other party hereto substitute) to accept service of all legal process arising out of or connected with this Agreement and service on such Person (or such substitute) shall be deemed to be service on
the party concerned: 
 Textainer Equipment Management Limited 
 c/o Textainer Equipment Management (US) Limited 
 650 California Street, 16th Floor 
 San Francisco CA 94108 
 Attention: Chief
Financial Officer 
 Leased Assets Pool Company Limited 
 PO Box 618, Hirzel Court 
 St Peter Port, Guernsey GY1 4PG 
  

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 Attention: Robert du Feu 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 
  

									
	TEXTAINER EQUIPMENT MANAGEMENT LIMITED	 		 	LEASED ASSETS POOL COMPANY LIMITED
					
	By:	 	 /s/ D.R. Cottingham
	 		 	By:	 	 /s/ Michael J. Harvey

	Title:	 	Director	 		 	Title:	 	Director
	Date:	 	May 30, 2002	 		 	Date:	 	May 30, 2002

  

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 SCHEDULE 1 
 CEUs BY CONTAINER TYPE 
  

					
	 CONTAINER TYPE
	 	 TYPE CODE
	 	 CEUs

	 20’ Bulker
	 	2B	 	****
	 20’ Curtainside
	 	2C	 	****
	 20’ Side Door
	 	2D	 	****
	 20’ Fixed Flat
	 	2F	 	****
	 20’ Tank
	 	2K	 	****
	 20’ Folding Flat
	 	2L	 	****
	 20’ Platform
	 	2P	 	****
	 20’ Reefer
	 	2R	 	****
	 20’ Standard Dry Cargo
	 	2S	 	****
	 20’ Open Top
	 	2T	 	****
	 20’ Container Chassis
	 	2Z	 	****
	 40’ Fixed Flat
	 	4F	 	****
	 40’ High Cube Dry Cargo
	 	4H	 	****
	 40’ Folding Flat
	 	4L	 	****
	 40’ Platform
	 	4P	 	****
	 40’ Reefer
	 	4R	 	****
	 40’ Standard Dry Cargo
	 	4S	 	****
	 40’ Open Top
	 	4T	 	****
	 40’ Container Chassis
	 	4Z	 	****

  

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 SCHEDULE 2 
 SPECIFIED GROUPS 
 CALCO 
 CALCO-B 
 TAC 
 LAPCO 1 
 LAPCO 2 
 LAPCO 3 
 LAPCO 4 
 PSH 
 PSAO 
 New Additions Pool 
 Such other groups of new Containers as may be agreed by LAPCO and Manager 
  

 SCHEDULE 2 
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 SCHEDULE 3 
 STANDBY CONTAINERS 
  

 SCHEDULE 3 
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 SCHEDULE 4 
 STANDBY CONTAINER MANAGERS/LESSEES 
 The following entities or the parent or any subsidiary of any of
them: 
 Cronos Containers (Cayman) Limited 
 Transamerica Corporation 
 Bridgehead Container Services Ltd. 
 Catu Containers S. A. 
 Container
Applications International Inc. 
 Almar Trading Corp. 
 Gold Container Corp. 
 Amphibious Container Leasing Ltd. 
  

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 SCHEDULE 5 
 EQUIPMENT ACQUISITION POLICY 
 TEXTAINER EQUIPMENT INCOME FUND VI, L.P. 
 The Partnership Agreement provides that if the Partnership and another program or owner of equipment are in a position to acquire the same equipment (including, without
limitation, through the reinvestment of funds), the General Partners will consider, as to each, (i) the amount of cash available for equipment acquisitions, (ii) the effect of the acquisition on the diversification of its equipment
portfolio, (iii) the date it commenced operations, (iv) its objectives, (v) the suitability of the acquisition in light of such objectives, and (vi) the length of time it has had funds available for investment or reinvestment.
However, in allocating investment opportunities which come to the attention of the General Partners, the General Partners have a fiduciary duty to give preference to the interests of programs for which the General Partners are sponsors (to the
extent that such programs have funds available for investment and after considering the factors listed in the previous sentence) over the interests of the General Partners. 
  

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 Index of Definitions 
  

			
	 Term
	  	 Location in Agreement

	Agreement	  	Preamble
	LAPCO	  	Preamble
	Manager	  	Preamble
	Original Agreement	  	Recital A
	TAC Agreement	  	Recital B
	CALCO Agreement	  	Recital B
	Acquisition Fee	  	1
	Affiliate	  	1
	Agreement Termination Date	  	1
	Available Funds	  	4.4(c)(ii)
	Casualty Loss	  	1
	CEU	  	1
	CEU Value	  	1
	Container	  	1
	Container Type	  	1
	Disposition Fees	  	1
	Finance Lease	  	1
	Finance Lease Proceeds	  	1
	Fleet	  	1
	Gross Revenue	  	1
	Indemnification Proceeds	  	1
	Lease	  	1
	Lessee	  	1
	Location Revenue	  	1
	Long-Term Lease Fleet	  	1
	Master Lease Fleet	  	1
	Miscellaneous Owner Proceeds	  	1
	NOI	  	1
	Operating Expenses	  	1
	Owner Bank Account	  	1
	Person	  	1
	Sales Proceeds	  	1
	Specified Group	  	1
	Standby Management Fee	  	1
	Terminated Container	  	1
	U.S. GAAP	  	1
	US$ or US Dollars	  	1
	Standby Containers	  	4.2
	Activation Notice	  	4.2
	Activated Container	  	4.2
	Manager Fee	  	5.2

  



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	Bad Debt Adjustment	  	5.2
	Pre-Adjustment Owner Proceeds	  	5.3
	Estimated Manager Fee	  	5.3

 Note: Definitions used only for purposes of Clause 9.2 are not listed above. 
  

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