Document:

EXHIBIT 10.9

                                     FORM OF
             AMENDED AND RESTATED MANAGEMENT SUBSCRIPTION AGREEMENT
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     THIS AMENDED AND RESTATED MANAGEMENT SUBSCRIPTION AGREEMENT, dated as of
__________, 2005 (this "Agreement"), is made by and among TAL International
Group, Inc., a Delaware corporation (the "Company"), whose address is c/o The
Jordan Company, L.P., 767 Fifth Avenue, 48th Floor, New York, New York 10153,
and the persons and entities whose names are set forth on Exhibit 1 hereto
(collectively the "Shareholders").

                                   WITNESSETH:
                                   -----------

     WHEREAS, the Company and the Shareholders are parties to that certain
Management Subscription Agreement, dated as of November 3, 2004 (the "Original
Agreement"); and

     WHEREAS, the Company and the Shareholders desire to amend and restate the
Original Agreement in its entirety;

     NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration (the receipt and sufficiency of which are hereby
acknowledged), the parties hereto agree to amend and restate the Original
Agreement in its entirety to read as follows:

     1. Share Subscriptions.

          (a) Each Shareholder (i) subscribes for the number of shares of Common
     Stock, par value U.S. $0.001 per share of the Company (the "Common Stock")
     set forth opposite such Shareholder's name in Exhibit 1 hereto at a
     purchase price for the Common Stock of U.S. $1.00 per share (the "Common
     Stock Cost"), and (ii) tenders cash in consideration of the issuance of
     such Shares.

          (b) Each Shareholder (i) subscribes for the number of shares of the
     Company's Series A 12% Cumulative Senior Preferred Stock, par value U.S.
     $0.001 per share (the "Preferred Stock" and, together with the Common
     Stock, the "Shares") set forth opposite such Shareholder's name in Exhibit
     1 hereto at a purchase price for the Preferred Stock of U.S. $1,000.00 per
     share (the "Preferred Stock Cost"), and (ii) tenders cash in consideration
     of the issuance of such Shares.

          (c) Each of the Shareholders, in order to facilitate the transactions
     contemplated by this Agreement, authorizes and appoints the Company or any
     of its representatives to direct the transfer all or any portion of the
     subscription consideration from any account into which such amounts may be
     paid into for the benefit of such Shareholder to any account established
     for the benefit of the Company or any of its subsidiaries. The
     Shareholder's investment described hereby shall be the only investment in
     the Company required of the Shareholders under this Agreement and no
     Shareholder shall, by virtue of such investment, be subject to (i) any
     further obligation to contribute additional capital to the Company or (ii)
     any liabilities of the Company that arise in the ordinary course of
     business.

          (d) Each Shareholder agrees to tender by wire or check for
     consideration of the purchase price of the Shares being purchased by such
     Shareholder on the date hereof, provided that immediately upon tender of
     the consideration for such Shares described in Section 1(a) and (b), the
     Company will issue such Shares.

          (e) Each Shareholder acknowledges to the Company and the other
     Shareholders that such Shareholder understands and agrees, as follows:

     THE SHARES HAVE NOT BEEN REGISTERED UNDER FEDERAL OR STATE SECURITIES LAWS.
     THE SHARES ARE VERY SPECULATIVE AND RISKY. THERE IS NO PUBLIC OR OTHER
     MARKET FOR THE SHARES NOR IS ANY LIKELY TO DEVELOP. THE COMPANY AND ITS
     SUBSIDIARIES HAVE BORROWED A SUBSTANTIAL PORTION OF THE FUNDS USED TO
     OPERATE ITS BUSINESS. EACH SHAREHOLDER ACKNOWLEDGES THAT SUCH SHAREHOLDER
     MAY AND CAN AFFORD TO LOSE SUCH SHAREHOLDER'S ENTIRE INVESTMENT IN THE
     SHARES AND THAT SUCH SHAREHOLDER UNDERSTANDS SUCH SHAREHOLDER MAY HAVE TO
     HOLD THIS INVESTMENT INDEFINITELY.

     2. Proposed Transactions.

          (a) This Agreement references certain pertinent documents as well as
     applicable laws and regulations. Each Shareholder acknowledges to the
     Company and the other Shareholders that such references are not summaries
     or complete and are qualified in their entirety by the complete texts of
     the documents, laws and regulations so summarized.

          (b) Each Shareholder acknowledges to the Company and the other
     Shareholders that such Shareholder has had ample opportunity to ask
     questions regarding each of the following documents:

               (i) Amended and Restated Certificate of Incorporation of the
          Company;

               (ii) Bylaws of the Company;

               (iii) Stock Purchase Agreement dated as of July 10, 2004, by and
          between TA Leasing Holding Co., Inc. and Klesch & Company Limited, as
          amended, including all exhibits and schedules thereto (the "Stock
          Purchase Agreement");

               (iv) Shareholders Agreement, dated as of the date hereof (the
          "Shareholders Agreement"), by and among the Company and the
          shareholders party thereto, including all exhibits and schedules
          thereto;

               (v) Investor Subscription Agreement, dated as of the date hereof,
          by and among the Company and the shareholders of the Company party
          thereto, including all exhibits and schedules thereto (the "Investor
          Subscription Agreement");

               (vi) Management Consulting Agreement, dated as of the date
          hereof, by and among the Company, its Related Companies and The Jordan
          Company, L.P. ("TJC"), including all exhibits and schedules thereto
          (the "TJC Management Consulting Agreement");

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               (vii) Management Advisory Agreement, dated as of the date hereof,
          by and among the Company, its Related Companies and the advisor party
          thereto, including all exhibits and schedules thereto (the "Advisory
          Agreement");

               (viii) Transaction Fee Agreement, dated as of the date hereof, by
          and between the Company and Seacon Holdings Limited ("Seacon Fee
          Agreement").

               (ix) Senior Subordinated Credit Agreement, dated as of November
          3, 2004, by and between the Company and the lenders named therein, as
          such agreement may be amended, waived or otherwise modified or
          refinanced from time to time and all other agreements and documents
          related thereto (the "Loan Agreement");

               (x) Credit Agreement, dated as of November 3, 2004, by and among
          the Company, Fortis Bank, as Agent, Transamerica Leasing Inc. and
          Trans Ocean Limited, as such agreement may be amended, waived or
          otherwise modified or refinanced from time to time and all other
          agreements and documents related thereto (the "Credit Agreement");

               (xi) The Company's 2004 Management Stock Plan (the "Management
          Stock Plan"); and

               (xii) This Agreement and all exhibits and schedules hereto.

     The documents referred to in (i) through (xii) are hereinafter collectively
referred to as the "Operative Documents", except that, for purposes of Section
5(d) only, this Agreement and the Management Stock Plan will not be considered
by Operative Document.

     3. Shareholder Representations, Warranties and Covenants. Each Shareholder
represents, warrants and covenants to the Company and each other Shareholder
that:

          (a) Such Shareholder has the legal capacity, power and authority to
     enter into and perform all of its obligations under this Agreement. The
     execution, delivery and performance of this Agreement by such Shareholder
     will not violate any other agreement to which such Shareholder is a party
     including, without limitation, any voting agreement, shareholders agreement
     or voting trust. This Agreement has been duly and validly authorized,
     executed and delivered by such Shareholder and constitutes a valid and
     binding agreement of such Shareholder, enforceable against such Shareholder
     in accordance with its terms, except that such enforceability (i) may be
     limited by bankruptcy, insolvency, moratorium or other similar laws
     affecting or relating to enforcement of creditors' rights generally and
     (ii) is subject to general principles of equity.

          (b) Such Shareholder is employed in a managerial or executive position
     with one or more of the Company's subsidiaries and is familiar with the
     Company's and its subsidiaries' operations, financial condition and
     business prospects.

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          (c) Such Shareholder will not (i) transfer any Shares if such transfer
     would result in a default by the Company or its subsidiaries under any of
     the provisions of the Operative Documents, (ii) except as required or
     contemplated by the Operative Documents, grant any proxies, deposit any
     Shares into a voting trust or enter into a voting agreement with respect to
     any Shares, or (iii) take any action that would make any representation or
     warranty of such Shareholder contained herein untrue or incorrect or have
     the effect of preventing or disabling such Shareholder from performing his
     obligations under any of the Operative Documents, or would result in a
     default by the Company or its subsidiaries under the provisions of any of
     the Operative Documents. Each Shareholder further agrees that such
     Shareholder's ability to transfer Shares is subject to the limitations,
     restrictions and conditions of the Shareholder Agreement and the Operative
     Documents.

          (d) Such Shareholder will complete, execute and file a form of
     election under Section 83(b) of the Internal Revenue Code of 1986, as
     amended, with the Internal Revenue Service within thirty (30) days of the
     execution of this Agreement and the purchase of the Shares.

          (e) Such Shareholder has no pending or threatened claim, complaint,
     action, suit, proceeding, hearing or investigation against the Company or
     its subsidiaries for any period prior to the date hereof, nor does such
     Shareholder presently intend to bring or file any claim, complaint, action,
     suit, proceeding, hearing or investigation against the Company or its
     subsidiaries for any period prior to the date hereof.

          (f) The Company has afforded such Shareholder and such Shareholder's
     advisors, if any, the opportunity to discuss an investment in the Shares
     and to ask questions of representatives of the Company concerning the terms
     and conditions of the offering of the Shares and the Operative Documents,
     and such representatives have provided answers to all such questions
     concerning the offering of the Shares and the Operative Documents. Such
     Shareholder has consulted its own financial, tax, accounting and legal
     advisors, if any, as to such Shareholder's investment in the Shares and
     with the Operative Documents and the consequences thereof and risks
     associated therewith. Such Shareholder and such Shareholder's advisors, if
     any, have examined or have had the opportunity to examine before the date
     hereof the Operative Documents and all information that such Shareholder
     deems to be material to an understanding of the Company and its
     subsidiaries, the proposed business of the Company and its subsidiaries,
     and the offering of the Shares. Such Shareholder also acknowledges that to
     such Shareholder's knowledge there have been no general or public
     solicitations or advertisements or other broadly disseminated disclosures
     (including, without limitation, any advertisement, article, notice or other
     communication published in any newspaper, magazine or similar media or
     broadcast over television, radio or internet, or any seminar or meeting
     whose attendees have been invited by any general solicitation or
     advertising) by or on behalf of the Company regarding an investment in the
     Shares.

          (g) Such Shareholder represents to the Company and the other
     shareholders of the Company that it knows and understands and has given
     full consideration to and has had the opportunity to ask questions of any
     person authorized to act on behalf of the Company concerning any aspect of
     the transactions with affiliates being consummated by the Company in
     connection with the Shareholders Agreement, the Investor Subscription
     Agreement, the Loan

                                       4

     Agreement, the Credit Agreement, the TJC Management Consulting Agreement,
     the Advisory Agreement, the Seacon Fee Agreement, and the Management Stock
     Plan, including all agreements, obligations, covenants and arrangements
     contained therein or contemplated thereby, including all exhibits and
     schedules thereto (collectively, the "Affiliate Transaction Agreements").

     4. Risk Factors and Other Considerations. Each Shareholder acknowledges to
the Company and the other Shareholders that:

          (a) (i) The Company's subsidiaries are the Company's only material
     assets, and that the Company and certain of its subsidiaries have borrowed
     a substantial portion of the funds used to effect the purchase by the
     Company's subsidiaries of the shares listed in the Stock Purchase
     Agreement; (ii) it is unlikely that dividends will be paid on the Shares;
     (iii) there is no legal requirement or promise made by the Company to
     declare or pay such dividends and such dividends may not in any event be
     paid if such payment would violate any term of the Operative Documents;
     (iv) certain of the Operative Documents severely restrict the ability of
     the Company to make any dividend or redemption payments on the Shares and
     such payment may be further restricted by future agreements or instruments
     binding on the Company or its subsidiaries; (v) if a Shareholder ceases to
     be an employee of the Company's subsidiaries such Shareholder's Shares may
     be subject to certain rights of the Company to repurchase such Shares under
     this Agreement or the Shareholder's employment agreement with the Company's
     subsidiaries; and (vi) under the repurchase payment terms, such
     Shareholders may not receive full cash payment in return for the
     Shareholder's Shares for several years.

          (b) Any financial projections or forecasts with respect to the Company
     and its subsidiaries are only forecasts prepared by management, which are
     subject to many assumptions and factors beyond the Company's and its
     subsidiaries' control, and that there can be no assurances that these
     forecasts will be realized.

          (c) An investment in the Shares is a speculative investment which
     involves a high risk of loss and that on and after the date hereof, there
     will be no public market for the Shares and the Company does not
     contemplate that a public market will develop.

          (d) Such Shareholder has given full consideration to and has had the
     opportunity to ask questions of any person authorized to act on behalf of
     the Company concerning any aspect of the transactions with affiliates being
     consummated by the Company in connection with the Affiliate Transaction
     Agreements.

          (e) The Operative Documents and any other agreement or instrument that
     may restrict the ability of the Company to make any dividend or redemption
     payments may be created, amended, modified or supplemented, from time to
     time, and may be refinanced, extended or substituted, from time to time,
     without notice to, or the consent or approval of, the Shareholders.

          (f) Nothing in this Agreement shall constitute an agreement by, or
     shall impose any obligation upon, the Company or its subsidiaries to
     employ, or to continue to employ, any Shareholder, or shall constitute an
     agreement by, or shall impose any obligation

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     upon, the Company or its subsidiaries with respect to the terms and
     conditions of employment of any Shareholder, and will not limit or
     restrict, in any manner, the Company's or its subsidiaries' right or
     ability to terminate the employment of any Shareholder.

     5. Securities Law and Other Matters. Each Shareholder represents and
warrants to the Company and the other Shareholders that:

          (a) (i) Such Shareholder used no "purchaser's representative" (as that
     term is used in Regulation D under the Securities Act of 1933, as amended
     (the "Securities Act")) in connection with the transactions contemplated by
     the operative documents in connection with the financing; (ii) neither TJC,
     The Resolute Fund, L.P., nor any of their respective partners, members,
     principals, directors, officers, representatives, attorneys, agents,
     employees or affiliates has acted or is expected to act as a representative
     or agent of said Shareholder in the subject transaction; (iii) such
     Shareholder has substantial knowledge and experience in financial,
     investment and business matters, and specifically in the business of the
     Company and its subsidiaries, and has the requisite knowledge and
     experience to evaluate the risks and merits of its investment in the
     Shares; (iv) the decision of such Shareholder to purchase the Shares
     hereunder has been made by such Shareholder independent of any other
     Shareholder and independent of any statements, disclosures or judgments as
     to the properties, business, prospects or condition (financial or
     otherwise) of the Company and its subsidiaries which may have been made or
     given by any Shareholder or other Person.

          (b) (i) The Shares being purchased by such Shareholder hereunder have
     not been registered under the Securities Act on the ground that the sales
     of Shares pursuant to this Agreement are exempt under Section 4(2) of the
     Securities Act as not constituting a distribution, and that the Company's
     reliance on such exemption is predicated in part on each Shareholder's
     representation which such Shareholder herewith makes that the Shares have
     been acquired solely by and for the account of such Shareholder for
     investment purposes only, and are not being purchased for subdivision,
     fractionalization, resale or distribution and other than as expressly set
     forth in the Operative Documents, such Shareholder has no contract,
     undertaking, agreement or arrangement with any other Shareholder to sell,
     transfer or pledge to such other Shareholder or anyone else the Shares
     being sold to such Shareholder (or any part thereof), and such Shareholder
     has no present plans or intentions to enter into any such contract,
     undertaking, agreement or arrangement; (ii) the Shares being sold to such
     Shareholder must be held indefinitely unless they are subsequently
     registered under the Securities Act or a transfer is made pursuant to an
     exemption from such registration, including, for example, pursuant to Rule
     144 thereunder and that the Company has no agreements in respect of
     registering the Shares under Federal or state law; and (iii) such
     Shareholder's financial condition is such that Shareholder is not under any
     present necessity or constraint, and does not foresee in the future any
     necessity or constraint, to dispose of the Shares being sold to such
     Shareholder to satisfy any existing or contemplated debt or undertaking.

          (c) In the event that in the future the Company engages in any
     negotiation or transaction (including a merger or consolidation or other
     reorganization by or of the Company) in which Regulation D under the
     Securities Act may or will be available to the Company, each of the
     Shareholders who is not then a professional investor agrees irrevocably
     (and with the knowledge and intention that the other holders of the
     Company's stock of all classes will rely

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     thereon in making their respective present investment decisions) that such
     Shareholder will, within five (5) business days of notice from the Company,
     which notice may be given in the sole discretion of the Company, appoint a
     purchaser's representative or representatives who shall be qualified and
     acceptable to the Company and any other Person(s) who is (are) involved in
     the proposed transaction so that the maximum benefits of Regulation D shall
     be available to the Company and all of its shareholders.

          (d) Such Shareholder hereby releases The Resolute Fund, L.P., The
     Resolute Fund Singapore PV, L.P., The Resolute Fund Netherlands PV I, L.P.,
     The Resolute Fund Netherlands PV II, L.P., The Resolute Fund NQP, L.P., JZ
     Equity Partners PLC, Fairholme Partners, L.P., Fairholme Ventures II, LLC,
     Fairholme Holdings, Ltd., Edgewater Private Equity Fund III, L.P.,
     Edgewater Private Equity IV, L.P., and their respective affiliates, and
     each of their respective partners, members, principals, directors,
     officers, representatives, attorneys, agents, employees and affiliates from
     and against any claims in respect of each Shareholder's subscription for
     Shares and any related transaction hereunder or under the Operative
     Documents.

     6. Registration Rights. The Shares have not been registered under the
Securities Act nor any state securities laws and, in consequence thereof, all of
the Shares must be held indefinitely unless (a) subsequently registered under
the Securities Act or other applicable federal and state securities laws or (b)
exemptions from such registration are available at the time of a proposed sale
or transfer thereof. Except as set forth in the Shareholders Agreement, the
Company has no agreements in respect of a registration statement under either
federal or state law.

     7. [Intentionally Omitted]

     8. [Intentionally Omitted]

     9. Non-Competition/Non-Disclosure Provisions.

          (a) Applicability. In the event of the termination of a Shareholder's
     employment with the Company or any Related Company for any reason or no
     reason, the Company will, within ten (10) business days of the effective
     date of such termination, provide to such terminated Shareholder notice of
     whether the Company has elected either (i) to waive compliance by such
     terminated Shareholder with Section 9(b) as it is applicable to such
     terminated Shareholder, in which case, Section 9(b) will cease to be
     applicable to such terminated Shareholder on the 30th day following such
     effective date, or (ii) to require compliance by such terminated
     Shareholder with Section 9(b), in which case, (A) Section 9(b) will be
     applicable to such terminated Shareholder for 12 months following such
     effective date (the "Restricted Period") and (B) the Company will, during
     the Restricted Period, and as a condition of such compliance, continue to
     pay such terminated Shareholder an amount equal to his base compensation,
     but excluding any incentive bonus, or other bonuses, benefits or flexible
     perquisites, applicable to the six months prior to such effective date;
     provided, however, that the Company shall have no obligation to make such
     payment, if such terminated Shareholder's employment is terminated for
     cause. If the Company fails to provide such notice, then it will be deemed
     to have elected to waive compliance under clause (i). Regardless of whether
     the Company waives compliance by a terminated Shareholder with Section 9(b)
     or makes

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     the payments specified in clause (ii)(B), Sections 9(c), 9(d) and 9(e)
     shall continue to apply to such terminated Shareholder for the duration
     specified therein.

          (b) Non-Competition. In consideration of this Agreement, each
     Shareholder covenants and agrees that during the period such Shareholder is
     an officer, director or employee of the Company or any Related Company and
     during the Restricted Period, such Shareholder shall not, subject to
     Section 9(a), without the express written approval of the Board of
     Directors of the Company (the "Board"), directly or indirectly, in one or a
     series of transactions, own, manage, operate, control, invest or acquire an
     interest in, whether as a proprietor, partner, shareholder, member, lender,
     director, officer, employee, joint venturer, investor, lessor, supplier,
     customer, agent, representative or other participant, or otherwise engage
     or participate in, whether as a proprietor, partner, shareholder, member,
     lender, director, officer, employee, joint venturer, investor, lessor,
     supplier, customer, agent, representative or other participant, any
     business which competes, directly or indirectly, with the Business in the
     Market ("Competitive Business") without regard to (A) whether the
     Competitive Business has its office, manufacturing or other business
     facilities within or without the Market, (B) whether any of the activities
     of the Shareholder referred to above occur or are performed within or
     without the Market or (C) whether the Shareholder resides, or reports to an
     office, within or without the Market; provided, however, that (x) the
     Shareholder may, anywhere in the Market, directly or indirectly, in one or
     a series of transactions, own, invest or acquire an interest in up to five
     percent (5%) of the capital share of a corporation whose capital share is
     traded publicly, or that (y) such Shareholder may accept employment with a
     successor company to the Company. For the avoidance of doubt, a Competitive
     Business shall not include a shipping company that leases, finances, sells
     and/or manages shipping containers solely for itself and not for any third
     party. Furthermore, a Shareholder shall not be deemed to be engaged in a
     Competitive Business if he is employed at a company that is not engaged in
     a Competitive Business but which has a sister company that is engaged in a
     Competitive Business if the Shareholder has no involvement, direct or
     indirect, in the sister company whatsoever.

          (c) Non-Solicitation. If a Shareholder's employment is terminated,
     then such Shareholder shall not for 12 months after termination of
     employment (A) directly or indirectly, in one or a series of transactions,
     recruit, solicit or otherwise induce or influence any proprietor, partner,
     shareholder, member, lender, director, officer, employee, sales agent,
     joint venturer, investor, lessor, customer, supplier, agent, representative
     or any other Person which has a business relationship with the Company or a
     Related Company or had a business relationship with the Company or a
     Related Company within the twenty-four (24) month period preceding the date
     of the incident in question (other than a customer or supplier who has a
     business relationship with the Shareholder's new employer (if any)), to
     discontinue, reduce or modify such employment, agency or business
     relationship with the Company or a Related Company, or (B) employ or seek
     to employ or cause any Competitive Business to employ or seek to employ any
     Person who is then (or was at any time within twelve (12) months prior to
     the date such Shareholder or the Competitive Business employs or seeks to
     employ such Person) employed or retained by the Company or a Related
     Company. Notwithstanding the foregoing, nothing herein shall prevent such
     Shareholder from providing a letter of recommendation to an employee with
     respect to a future employment opportunity.

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          (d) Non-Disclosure. Each Shareholder further agrees, that during and
     after his employment with the Company or a Related Company, such
     Shareholder will not, directly or indirectly in one or a series of
     transactions disclose to any Person or use or otherwise exploit for such
     Shareholder's own benefit or for the benefit of anyone other than the
     Company or its subsidiaries any Confidential Information (as defined below)
     whether prepared by such Shareholder or not, provided, however, that any
     Confidential Information may be disclosed to officers, representatives,
     employees and agents of the Company or its Related Companies who need to
     know such Confidential Information in order to perform the services or
     conduct the operations required or expected of them in the Business. Each
     Shareholder shall use his best efforts to prevent the removal of any
     Confidential Information from the premises of the Company or its Related
     Companies, except as required in his normal course of employment by the
     Company or its subsidiaries. During the Term of employment, each
     Shareholder shall use such Shareholder's commercially reasonable efforts to
     cause all Persons to whom Confidential Information shall be disclosed by
     such Shareholder hereunder to observe the terms and conditions set forth
     herein as though each such Person or entity was bound hereby. After the
     term of employment, the Shareholder shall not disclose Confidential
     Information other than to his advisors, representatives and agents who
     execute a confidentiality agreement whereby they will agree to observe the
     confidentiality terms and conditions set forth herein. Each Shareholder
     shall have no obligation hereunder to keep confidential any Confidential
     Information if and to the extent disclosure of any thereof is specifically
     required by law; provided, however, that in the event disclosure is
     required by applicable law, such Shareholder shall provide the Company with
     prompt notice of such requirement to the extent allowed by law, prior to
     making any disclosure, so that the Company may seek an appropriate
     protective order. At the request of the Company, each Shareholder agrees to
     deliver to the Company all Confidential Information which such Shareholder
     may possess or control. Each Shareholder agrees that all Confidential
     Information of the Company and Related Companies (whether now or hereafter
     existing) conceived, discovered or made by him during his employment with
     the Company or its Related Companies exclusively belongs to the Company and
     its direct and indirect subsidiaries (and not to such Shareholder). Each
     Shareholder will promptly disclose such Confidential Information to the
     Company and its Related Companies and perform all actions reasonably
     requested by the Company and its Related Companies to establish and confirm
     such exclusive ownership. As used herein, the term "Confidential
     Information" means any confidential information including, without
     limitation, any study, data, calculations, software storage media or other
     compilation of information, patent, patent application, copyright,
     trademark, trade name, service mark, service name, trade secrets, supplier
     lists and contacts, customer lists and contacts, the fact of and terms of
     (including without limitation, pricing terms) supplier, customer or
     consultant contracts, pricing policies, business techniques, operational
     methods, marketing plans or strategies, product development techniques or
     plans, business acquisition plans or any portion or phase of any scientific
     or technical information, discoveries, designs, computer programs
     (including source of object codes), processes, procedures, formulas,
     improvements or other proprietary or intellectual property of the Company
     or its subsidiaries, whether or not in written or tangible form, and
     whether or not registered, and including all files, records, manuals,
     books, catalogues, memoranda, notes, summaries, plans, reports, records,
     documents and other evidence thereof. The term "Confidential Information"
     does not include, and there shall be no obligation hereunder with respect
     to, information that becomes generally available to the public other than
     as a result of a disclosure by such Shareholder that is prohibited
     hereunder.

                                       9

          (e) Non-Disparagement. Each Shareholder agrees that during and after
     his employment with the Company or a Related Company, he shall not make any
     false, defamatory or disparaging statements about the Company or its
     Related Companies or the officers or directors of the Company or its
     Related Companies. During and after each Shareholder's employment with the
     Company or its Related Companies, the Company agrees on behalf of itself
     and its Related Companies that neither the officers nor the directors of
     the Company or its Related Companies shall make any false, defamatory or
     disparaging statements about such Shareholder.

          (f) Specific Performance. All the parties hereto agree that their
     rights under this Section 9 are special and unique and that violation
     thereof would not be adequately compensated by money damages and each
     grants the others the right to specifically enforce (including injunctive
     relief where appropriate) the terms of this Agreement.

     10. Definitions. Capitalized terms used in this Agreement and not otherwise
defined shall have the meanings set forth below, unless the context requires
otherwise:

          (a) "Business" means the business of leasing, financing, selling and
     managing shipping containers, chassis and any other business that the
     Company engages in during the employment of any Shareholder.

          (b) "Commencement Date" means November 3, 2004.

          (c) "Market" means any country in the United States of America and
     each jurisdiction or other country in which (i) the Business was conducted
     by or engaged in by the Company or its subsidiaries or in which the Company
     sought to conduct the Business on or prior to the date hereof or (ii) the
     Business is conducted by or engaged in by the Company or its subsidiaries
     or in which the Company seeks to conduct the Business at any time during
     the Shareholder's employment by the Company or its subsidiaries.

          (d) "Person" means an individual, a corporation, limited liability
     company, association, partnership, joint venture, organization, business,
     trust, or any other entity or organization, including a government or any
     subdivision or agency thereof.

          (e) "Related Company" means all direct and indirect subsidiaries of
     the Company.

          (f) "Sale", "sell", "transfer" and the like include any disposition by
     way of transfer, with or without consideration, to any Person for any
     purpose and shall include, but shall not be limited in any way to,
     redemption by the Company, private or public sale or exchanges of
     securities or any other similar transaction involving share.

     11. [Intentionally Omitted]

     12. Shareholder Acknowledgement. Each Shareholder acknowledges and agrees
that the provisions of this Agreement have been reviewed and are understood by
such Shareholder, and expresses the will and intention of such Shareholder and
agrees not to take any action to frustrate the purposes and provisions of this
Agreement.

                                       10

     13. Defense of Claims. Each Shareholder agrees that, for the period
beginning on the date hereof, and continuing for a reasonable period after
termination of employment with the Company or its Related Companies, Shareholder
will cooperate with the Company in defense of any claims that may be made
against the Company and its Related Companies and affiliates (other than any
claims made by the Shareholder), and will cooperate with the Company in the
prosecution of any claims that may be made by Company and its Related Companies
(other than any claims made against the Shareholder), to the extent that such
claims may relate to services performed by the Shareholder for the Company and
its Related Companies and affiliates. Each Shareholder agrees to promptly inform
the Company if he becomes aware of any lawsuits involving such claims that may
be filed against the Company and its Related Companies and affiliates. The
Company agrees to reimburse Shareholder for all of Shareholder's reasonable
out-of-pocket expenses associated with such cooperation, including travel
expenses. For periods during and following Shareholder's employment with the
Company or any Related Company, the Company agrees to provide reasonable
compensation to Shareholder for such cooperation in addition to reimbursement of
expenses and his reasonable attorneys' fees, if any.

     14. Miscellaneous.

          (a) The rights and obligations contained in this Agreement are in
     addition to the relevant provisions of the organizational documents of the
     Company in force from time to time and shall be construed to comply with
     such provisions. To the extent that this Agreement is determined to be in
     contravention of the organizational documents of the Company, this
     Agreement shall constitute a waiver by each Shareholder, to the fullest
     extent permissible under applicable laws, of any right such Shareholder may
     have pursuant to the organizational documents of the Company that is
     inconsistent with this Agreement.

          (b) This Agreement may be amended only by a written instrument duly
     executed by Shareholders holding greater than 50.1% of the Shares held by
     the Shareholders and the Company.

          (c) Except as otherwise provided in this Agreement, any failure of any
     of the parties to comply with any obligation, covenant, agreement or
     condition herein may be waived by the party entitled to the benefits
     thereof only by a written instrument signed by the party granting such
     waiver, but such waiver or failure to insist upon strict compliance with
     such obligation, covenant, agreement or condition shall not operate as a
     waiver of, or estoppel with respect to, any subsequent or other failure.

          (d) The provisions of this Agreement shall apply, to the full extent
     set forth herein with respect to the Shares and to any and all equity or
     debt securities of the Company or any successor or assign of the Company
     (whether by merger, consolidation, sale of assets, or otherwise) which may
     be issued in respect of, in exchange for, or in substitution of, such
     equity or debt securities and shall be appropriately adjusted for any share
     dividends, bonus issues, splits, reverse splits, combinations,
     subdivisions, reclassifications, recapitalizations, reorganizations and the
     like occurring after the date hereof.

          (e) THIS AGREEMENT SHALL BE GOVERNED BY, CONSTRUED, APPLIED AND
     ENFORCED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE

                                       11

     STATE OF NEW YORK. EACH OF THE PARTIES HERETO ACKNOWLEDGES AND AGREES THAT
     IN THE EVENT OF ANY BREACH OF THIS AGREEMENT, THE NON-BREACHING PARTY WOULD
     BE IRREPARABLY HARMED AND COULD NOT BE MADE WHOLE BY MONETARY DAMAGES, AND
     THAT, IN ADDITION TO ANY OTHER REMEDY TO WHICH THEY MAY BE ENTITLED AT LAW
     OR IN EQUITY, THE PARTIES SHALL BE ENTITLED TO SUCH EQUITABLE OR INJUNCTIVE
     RELIEF AS MAY BE APPROPRIATE. THE CHOICE OF FORUM SET FORTH IN THIS SECTION
     14 SHALL NOT BE DEEMED TO PRECLUDE THE ENFORCEMENT OF ANY JUDGMENT OF A NEW
     YORK FEDERAL OR STATE COURT, OR THE TAKING OF ANY ACTION UNDER THIS
     AGREEMENT TO ENFORCE SUCH A JUDGMENT, IN ANY OTHER APPROPRIATE
     JURISDICTION.

          (f) IN THE EVENT ANY PARTY TO THIS AGREEMENT COMMENCES ANY LITIGATION,
     PROCEEDING OR OTHER LEGAL ACTION IN CONNECTION WITH OR RELATING TO THIS
     AGREEMENT, ANY RELATED AGREEMENT OR ANY MATTERS DESCRIBED OR CONTEMPLATED
     HEREIN OR THEREIN, THE PARTIES TO THIS AGREEMENT HEREBY (1) AGREE UNDER ALL
     CIRCUMSTANCES ABSOLUTELY AND IRREVOCABLY TO INSTITUTE ANY LITIGATION,
     PROCEEDING OR OTHER LEGAL ACTION IN A COURT OF COMPETENT JURISDICTION
     LOCATED WITHIN THE SOUTHERN DISTRICT OF NEW YORK, WHETHER A STATE OR
     FEDERAL COURT; (2) AGREE THAT IN THE EVENT OF ANY SUCH LITIGATION,
     PROCEEDING OR ACTION, SUCH PARTIES WILL CONSENT AND SUBMIT TO THE PERSONAL
     JURISDICTION OF ANY SUCH COURT DESCRIBED IN CLAUSE (1) OF THIS SECTION AND
     TO SERVICE OF PROCESS UPON THEM IN ACCORDANCE WITH THE RULES AND STATUTES
     GOVERNING SERVICE OF PROCESS (IT BEING UNDERSTOOD THAT NOTHING IN THIS
     SECTION SHALL BE DEEMED TO PREVENT ANY PARTY FROM SEEKING TO REMOVE ANY
     ACTION TO A FEDERAL COURT IN THE SOUTHERN DISTRICT OF NEW YORK; (3) AGREE
     TO WAIVE TO THE FULL EXTENT PERMITTED BY LAW ANY OBJECTION THAT THEY MAY
     NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH LITIGATION, PROCEEDING OR
     ACTION IN ANY SUCH COURT OR THAT ANY SUCH LITIGATION, PROCEEDING OR ACTION
     WAS BROUGHT IN ANY INCONVENIENT FORUM; (4) AGREE, AFTER CONSULTATION WITH
     COUNSEL, TO WAIVE ANY RIGHTS TO A JURY TRIAL TO RESOLVE ANY DISPUTES OR
     CLAIMS RELATING TO THIS AGREEMENT; (5) AGREE TO DESIGNATE, APPOINT AND
     DIRECT AN AUTHORIZED AGENT TO RECEIVE ON ITS BEHALF SERVICE OF ANY AND ALL
     PROCESS AND DOCUMENTS IN ANY LEGAL PROCEEDING IN THE SOUTHERN DISTRICT OF
     NEW YORK; (6) AGREE TO PROVIDE THE OTHER PARTIES TO THIS AGREEMENT WITH THE
     NAME, ADDRESS AND FACSIMILE NUMBER OF SUCH AGENT; (7) AGREE AS AN
     ALTERNATIVE METHOD OF SERVICE TO SERVICE OF PROCESS IN ANY LEGAL PROCEEDING
     BY MAILING OF COPIES THEREOF TO SUCH PARTY AT ITS ADDRESS SET FORTH HEREIN
     FOR COMMUNICATIONS TO SUCH PARTY; (8) AGREE THAT ANY SERVICE MADE AS
     PROVIDED HEREIN SHALL BE EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT;
     AND (9) AGREE THAT NOTHING HEREIN SHALL AFFECT THE RIGHTS OF ANY PARTY TO
     EFFECT SERVICE OF PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. TO THE
     EXTENT PERMITTED BY LAW IN CONNECTION WITH OR RELATING TO THIS AGREEMENT,
     ANY RELATED AGREEMENT OR ANY

                                       12

     MATTERS DESCRIBED OR CONTEMPLATED HEREIN OR THEREIN, AND AGREE TO TAKE ANY
     AND ALL ACTION NECESSARY OR APPROPRIATE TO EFFECT SUCH WAIVER.

          (g) All personal pronouns used in this Agreement, whether used in
     masculine, feminine or neuter gender, shall include all other genders if
     the context so requires; the singular shall include the plural, and vice
     versa.

          (h) This Agreement may be executed in two or more counterparts, each
     of which shall be deemed an original but all of which together shall
     constitute one and the same instrument. If the requirements of this
     Agreement have otherwise been met, new Shareholders may become parties to
     this Agreement by executing a counterpart to this Agreement at which time
     the Company shall revise the Exhibits as may be necessary or appropriate.

          (i) In case any one or more of the provisions or parts of a provision
     contained in this Agreement shall, for any reason, be held to be invalid,
     illegal or unenforceable in any respect in any jurisdiction, such
     invalidity, illegality or unenforceability shall not affect any other
     provision or part of a provision of this Agreement or any other
     jurisdiction, but this Agreement shall be reformed and construed in any
     such jurisdiction as if such invalid or illegal or unenforceable provision
     or part of a provision had never been contained herein and such provision
     or part shall be reformed so that it would be valid, legal and enforceable
     to the maximum extent permitted in such jurisdiction.

          (j) This Agreement and the other agreements entered into on the date
     hereof in connection with this Agreement supersede all prior agreements
     between the parties with respect to the subject matter thereof and
     constitute a complete and exclusive statement of the terms of the
     agreements among the parties with respect to the subject matter thereof.

          (k) Each of the parties hereto agrees to execute all such further
     instruments and documents and to take all such further action as are
     necessary to effectuate the terms and purposes of this Agreement.

          (l) Whenever notice is required to be given by any party hereunder,
     such notice shall be deemed sufficient when delivered to the Company at its
     address above and to each of the other Shareholders at such Shareholder's
     address set forth on Exhibit 1 hereto or to such other address as the
     Shareholder shall have furnished to the Company.

          (m) Each party shall be entitled to rely conclusively upon any notice
     received, or the failure to receive any notice, from any other party with
     respect to rights and obligations under this Agreement.

     15. Receipt of Share Certificates. Each Shareholder herewith acknowledges
receipt of the certificate(s) evidencing the Shares purchased by such
Shareholder.

                            [Signature Pages Follow]

                                       13

     IN WITNESS WHEREOF, each of the undersigned has signed this Agreement as of
the date first above written.

                                       TAL INTERNATIONAL GROUP, INC.

                                       By:
                                          --------------------------------------
                                       Name:
                                       Title:

                                       -----------------------------------------
                                       BRIAN M. SONDEY

                                       -----------------------------------------
                                       CHAND KHAN

                                       -----------------------------------------
                                       FREDERICO BAPTISTA

                                       -----------------------------------------
                                       JOHN C. BURNS

                                       -----------------------------------------
                                       ADRIAN DUNNER

                                       -----------------------------------------
                                       BERND SCHACKIER

                                       -----------------------------------------
                                       JOHN PEARSONExhibit 10.22

                           FORM OF INDEMNITY AGREEMENT

                  This INDEMNITY AGREEMENT, dated as of ______________ (this
"Agreement"), is made by and among TAL INTERNATIONAL GROUP, INC., a Delaware
corporation, (the "Company"), each of the subsidiaries of the Company listed on
Schedule 1 attached hereto (the "Company Subsidiaries" and, together with the
Company, the "Indemnitors"), and __________ (the "Indemnitee"), an "agent" (as
hereinafter defined) of the Company or a Company Subsidiary.

                                 R E C I T A L S

                  A. The Indemnitors recognize that competent and experienced
persons are sometimes reluctant to serve as directors or officers of
corporations unless they are protected by comprehensive liability insurance or
indemnification, or both, due to increased exposure to litigation costs and
risks resulting from their service to such corporations, and due to the fact
that the exposure frequently bears no reasonable relationship to the
compensation of such directors and officers;

                  B. The statutes and judicial decisions regarding the duties of
directors and officers are often difficult to apply, ambiguous, or conflicting,
and therefore fail to provide such directors and officers with adequate,
reliable knowledge of legal risks to which they are exposed or information
regarding the proper course of action to take;

                  C. The Indemnitors and the Indemnitee recognize that
plaintiffs often seek damages in such large amounts and the costs of litigation
may be onerous (whether or not the case is meritorious), that the defense and/or
settlement of such litigation is often beyond the personal resources of
directors and officers;

                  D. The Indemnitors believe that it is unfair for their
respective directors and officers to assume the risk of personal judgments and
other expenses which may occur in cases in which the director or officer
received no personal profit and in cases where the director or officer was not
culpable;

                  E. The Indemnitors, after reasonable investigation, have
determined that the liability insurance coverage presently available to the
Indemnitors may be inadequate to cover all possible exposure for which the
Indemnitee should be protected; the Indemnitors believe that the interests of
the Indemnitors and their respective stockholders would best be served by a
combination of such insurance and the indemnification by the Indemnitors of
their respective directors and officers;

                  F. The Board of Directors of the Company (the "Board of
Directors") has determined that contractual indemnification as set forth herein
is not only reasonable and prudent but necessary to promote the best interests
of the Indemnitors and their respective stockholders;

                  G. The Indemnitors desire and have requested the Indemnitee to
serve or continue to serve as a director or officer of the Company or a Company
Subsidiary free from undue concern for claims for damages arising out of or
related to such services to the Company or a Company Subsidiary; and

                  H. The Indemnitee is willing to serve, or to continue to
serve, the Company or a Company Subsidiary, only on the condition that he or she
is furnished the indemnity provided for herein.

                                A G R E E M E N T

                  NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth below, the parties hereto, intending to be legally bound,
hereby agree as follows:

                  1. Definitions.

                     (a) Agent. For purposes of this Agreement, an "agent" of
the Company or a Company Subsidiary means any person who is or was a director,
officer, manager, employee or other agent of the Company or a Company
Subsidiary; or is or was serving at the request of the Company or a Company
Subsidiary as a director, officer, manager, employee or agent of another foreign
or domestic corporation, partnership, limited liability company, joint venture,
trust or other enterprise; or was a director, officer, manager, employee or
agent of a foreign or domestic corporation which was a predecessor corporation
of the Company or any Company Subsidiary; or was a director, officer, manager,
employee or agent of another foreign or domestic corporation, partnership,
limited liability company, joint venture, trust or other enterprise at the
request of, for the convenience of, or to represent the interests of such
predecessor corporation.

                     (b) Expenses. For purposes of this Agreement, "expenses"
includes all direct and indirect costs of any type or nature whatsoever
(including, without limitation, reasonable attorneys' fees and related
disbursements, other out of pocket costs and reasonable compensation for time
spent by the Indemnitee for which he or she is not otherwise compensated by the
Indemnitors or any third party, provided that the rate of compensation and
estimated time involved is approved by the Board of Directors, which approval
shall not be unreasonably withheld), actually and reasonably incurred by the
Indemnitee in connection with either the investigation, defense or appeal of a
proceeding or establishing or enforcing a right to indemnification under this
Agreement, applicable law or otherwise.

                     (c) Proceedings. For the purpose of this Agreement,
"proceeding" shall include, without limitation, the investigation, preparation,
prosecution, defense, settlement, arbitration and appeal of, and the giving of
testimony in, any threatened, pending or completed action, suit or proceeding,
whether civil, criminal, administrative or investigative.

                     (d) Other Enterprise. For purposes of this Agreement,
"other enterprise" shall include employee benefit plans; references to "fines"
shall include any excise tax assessed with respect to any employee benefit
plans; references to "serving at the request of the Company or a Company
Subsidiary" shall include any service as a director, officer, manager, employee
or agent of the Company or a Company Subsidiary which imposes duties on, or
involves services by, such director, officer, manager, employee or agent with
respect to an employee benefit plan, its participants, or beneficiaries; any
person who acts in good faith and in a manner he or she reasonably believes to
be in the best interest of the participants and beneficiaries of an employee
benefit. plan shall be deemed to have acted in a manner "not opposed to the best
interests of the Indemnitors" as referred to in this Agreement.

                     (e) Indemnitors. "Indemnitors" shall include, in addition
to the resulting corporations, any constituent corporation (including any
constituent of a constituent) absorbed in a consolidation or merger which, if
its separate existence had continued, would have had power and authority to
indemnify its directors, officers, managers, employees or agents, so that any
person who is or was a director, officer, manager, employee or agent of such
constituent corporation, or is or was serving at the request of such constituent
corporation as a director, officer, manager, employee or agent of another
corporation, partnership, limited liability company, joint venture, trust or
other enterprise, shall stand in the same position under the provisions of this
Agreement with respect to the resulting or surviving corporation as he or she
would have with respect to such constituent corporation if its separate
existence had continued.

                  2. Agreement to Serve. The Indemnitee agrees to serve and/or
continue to serve as an agent of the Company or a Company Subsidiary at its will
(or under separate agreement, if such agreement now or hereafter exists), in the
capacity the Indemnitee currently serves (or in such other positions which he or
she agrees to assume) as an agent of the Company or a Company Subsidiary, so
long as he or she is duly appointed or elected and qualified in accordance with
the applicable provisions of the Bylaws of the Company or a Company Subsidiary,
or any applicable other foreign or domestic corporation, partnership, limited
liability company, joint venture, trust or other enterprise, or until such time
as he or she tenders his or her resignation in writing; provided, however, that
nothing contained in this Agreement is intended to create any right of the
Indemnitee in respect of continued employment in any capacity.

                  3. Indemnity in Third Party Proceedings. The Indemnitors shall
jointly and severally indemnify the Indemnitee if the Indemnitee is a party to
or threatened to be made a party to or otherwise involved in any proceeding
(other than a proceeding by or in the name of the Company or a Company
Subsidiary to procure judgment in its favor) by reason of the fact that the
Indemnitee is or was an agent of the Company or any Company Subsidiary, or by
reason of any act or inaction by him or her in any such capacity, against any
and all expenses and liabilities of any type whatsoever (including, but not
limited to, settlements, judgments, fines and penalties), actually and
reasonably incurred by him or her in connection with the investigation, defense,
settlement or appeal of such proceeding, but only if the Indemnitee acted in
good faith and in a manner he or she reasonably believed to be in or not opposed
to the best interests of the Indemnitors, and, with respect to any criminal
action or proceeding, had no reasonable cause to believe his or her conduct was
unlawful. The termination of any proceeding by judgment, order of court,
settlement, conviction or on plea of nolo contendere, or its equivalent, shall
not, of itself, create a presumption that the Indemnitee did not act in good
faith in a manner which he or she reasonably believed to be in the best
interests of the Indemnitors, and with respect to any criminal proceedings, that
such person had reasonable cause to believe that his or her conduct was
unlawful.

                  4. Indemnity in Derivative Action. The Indemnitors shall
jointly and severally indemnify the Indemnitee if the Indemnitee is a party to
or threatened to be made a party to or otherwise involved in any proceeding by
or in the name of the Company or any Company Subsidiary to procure a judgment in
its favor by reason of the fact that the Indemnitee is or was an agent of the
Company or a Company Subsidiary, or by reason of any act or inaction by him or
her in any such capacity, against all expenses actually and reasonably incurred
by the Indemnitee in connection with the investigation, defense, settlement, or
appeal of such proceeding, but only if the Indemnitee acted in good faith and in
a manner he or she reasonably believed to be in or not opposed to the best
interests of the Indemnitors, except that no indemnification under this
subsection shall be made in respect of any claim, issue or matter as to which
the Indemnitee shall have been finally adjudged to be liable to the Company or a
Company Subsidiary by a court of competent jurisdiction due to willful
misconduct of a culpable

nature in the performance of his or her duty to the Company or any Company
Subsidiary, unless and only to the extent that any court in which such
proceeding was brought or another court of competent jurisdiction shall
determine upon application that, despite the adjudication of liability but in
view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such expenses as such court shall deem proper.

                  5. Indemnification of Expenses of Successful Party.
Notwithstanding any other provisions of this Agreement, to the extent that the
Indemnitee has been successful on the merits or otherwise in defense of any
proceeding or in defense of any claim, issue or matter therein, including the
dismissal of an action without prejudice, the Indemnitors shall jointly and
severally indemnify the Indemnitee against all expenses actually and reasonably
incurred in connection with the investigation, defense or appeal of such
proceeding.

                  6. Partial Indemnification. If the Indemnitee is entitled
under any provision of this Agreement to indemnification by the Indemnitors for
some or a portion of any expenses or liabilities of any type whatsoever
(including, but not limited to, judgments, fines or penalties), but is not
entitled, however, to indemnification for the total amount thereof, the
Indemnitors shall nevertheless jointly and severally indemnify the Indemnitee
for the portion thereof to which the Indemnitee is entitled.

                  7. Advancement of Expenses. Subject to Sections 8(a) and 11(a)
below, the Indemnitors shall advance all expenses incurred by the Indemnitee in
connection with the investigation, defense, settlement or appeal of any
proceeding to which the Indemnitee is a party or is threatened to be made a
party by reason of the fact that the Indemnitee is or was an agent of the
Company or a Company Subsidiary. The Indemnitee hereby undertakes to repay such
amounts advanced only if, and to the extent that, it shall ultimately be finally
determined that the Indemnitee is not entitled to be indemnified by the
Indemnitors as authorized by this Agreement or otherwise. The advances to be
made hereunder shall be paid by the Indemnitors to or on behalf of the
Indemnitee promptly and in any event within thirty (30) days following delivery
of a written request therefore by the Indemnitee to the Company.

                  8. Notice and Other Indemnification Procedures.

                     (a) Promptly after receipt by the Indemnitee of notice of
the commencement of or the threat of commencement of any proceeding, the
Indemnitee shall, if the Indemnitee believes that indemnification with respect
thereto may be sought from the Indemnitors under this Agreement, notify the
Company of the commencement or threat of commencement thereof, provided that the
failure to provide such notification shall not diminish the Indemnitee's
indemnification hereunder, except to the extent that the Indemnitors can
demonstrate that it was actually prejudiced as a result thereof.

                     (b) Any indemnification requested by the Indemnitee under
Sections 3 and/or 4 hereof shall be made no later than forty five (45) days
after receipt of the written request of the Indemnitee unless a determination is
made within said forty five (45) day period (i) by the Board of Directors by a
majority vote of a quorum thereof consisting of directors who are not parties to
such proceedings, or (ii) in the event such quorum is not obtainable, at the
election of the Indemnitors, either by independent legal counsel in a written
opinion or by a panel of arbitrators, one of whom is selected by the
Indemnitors, another of whom is selected by the Indemnitee and the last of whom
is selected by the first two arbitrators so selected, that the Indemnitee has or
has not met the relevant standard for indemnification set forth in Sections 3
and 4 hereof.

                     (c) Notwithstanding a determination under Section 8(b)
above that the Indemnitee is not entitled to indemnification with respect to any
specific proceeding, the Indemnitee shall have the right to apply to any court
of competent jurisdiction for the purpose of enforcing the Indemnitee's right to
indemnification pursuant to this Agreement. The burden of proving that the
indemnification or advances are not appropriate shall be on the Indemnitors.
Neither the failure of the Indemnitors (including the Board of Directors or
independent legal counsel or the panel of arbitrators) to have made a
determination prior to the commencement of such action that indemnification or
advances are proper in the circumstances because the Indemnitee has met the
applicable standard of conduct, nor an actual determination by the Indemnitors
(including the Board of Directors or independent legal counsel or the panel or
arbitrators) that the Indemnitee has not met such applicable standard of
conduct, shall be a defense to the action or create any presumption that the
Indemnitee has not met the applicable standard of conduct.

                     (d) The Indemnitors shall jointly and severally indemnify
the Indemnitee against all expenses incurred in connection with any hearing or
proceeding under this Section 8 unless a court of competent jurisdiction finds
that each of the claims and/or defenses of the Indemnitee in any such proceeding
was frivolous or in bad faith.

                  9. Assumption of Defense. In the event the Indemnitors shall
be obligated to pay the expenses of any proceeding against or involving the
Indemnitee, the Company or a Company Subsidiary, if appropriate, shall be
entitled to assume the defense of such proceeding, with counsel reasonably
acceptable to the Indemnitee, upon the delivery to the Indemnitee of written
notice of its election to do so. After delivery of such notice, approval of such
counsel by the Indemnitee and the retention of such counsel by the Company or a
Company Subsidiary, the Indemnitors will not be liable to the Indemnitee under
this Agreement for any fees of counsel subsequently incurred by the Indemnitee
with respect to the same proceeding, provided that: (i) the Indemnitee shall
have the right to employ his or her counsel in such proceeding at the
Indemnitee's expense; and (ii) if (a) the employment of counsel by the
Indemnitee has been previously authorized in writing by the Company or a Company
Subsidiary, (b) the Indemnitors shall have reasonably concluded that there may
be a conflict of interest between the Indemnitors and the Indemnitee in the
conduct of such defense, or (c) the Indemnitors shall not, in fact, have
employed counsel to assume the defense of such proceeding, the reasonable fees
and expenses of the Indemnitee's counsel shall be at the expense of the
Indemnitors.

                  10. Insurance. The Indemnitors may, but are not obligated to,
obtain directors' and officers' liability insurance ("D&O Insurance") as may be
or become available in reasonable amounts from established and reputable
insurers with respect to which the Indemnitee is named as an insured.
Notwithstanding any other provision of this Agreement, the Indemnitors shall not
be obligated to indemnify the Indemnitee for expenses, judgments, fines or
penalties, which have been paid directly to or on behalf of the Indemnitee by
D&O Insurance. If the Company or a Company Subsidiary has D&O Insurance in
effect at the time the Company receives from the Indemnitee any notice of the
commencement of a proceeding, the Company or the Company Subsidiary shall give
notice of the commencement of such proceeding to the insurer in accordance with
the procedures set forth in the policy. The Indemnitors shall thereafter take
all necessary or desirable action to cause such insurers to pay, to or on behalf
of the Indemnitee, all amounts payable as a result of such proceeding in
accordance with the terms of such policy.

                  11. Exceptions. Any other provision herein to the contrary
notwithstanding, the Indemnitors shall not be obligated pursuant to the terms of
this Agreement:

                     (a) Claims Initiated by the Indemnitee. To indemnify or
advance expenses to the Indemnitee with respect to proceedings or claims
initiated or brought voluntarily by the Indemnitee and not by way of defense,
except with respect to proceedings brought to establish or enforce a right to
indemnification under this Agreement or any other statute or law or otherwise,
but such indemnification or advancement of expenses may be provided by the
Indemnitors in specific cases if the Board of Directors finds it to be
appropriate; or

                     (b) Action for Indemnification. To indemnify the Indemnitee
for any expenses incurred by the Indemnitee with respect to any proceeding
instituted by the Indemnitee to enforce or interpret this Agreement, if a court
of competent jurisdiction determines that each of the material assertions made
by the Indemnitee in such proceeding was not made in good faith or was
frivolous; or

                     (c) Unauthorized Settlements. To indemnify the Indemnitee
under this Agreement for any amounts paid in settlement of a proceeding effected
without the written consent of the Company or a Company Subsidiary; or

                     (d) Non-compete and Non-disclosure. To indemnify the
Indemnitee in connection with proceedings or claims involving the enforcement of
non-compete and/or non-disclosure agreements or the non-compete and/or
non-disclosure provisions of employment, consulting or similar agreements the
Indemnitee may be a party to with the Company, a Company Subsidiary or any other
applicable foreign or domestic corporation, partnership, limited liability
company, joint venture, trust or other enterprise, if any; or

                     (e) Certain Matters. To indemnify the Indemnitee on account
of any proceeding with respect to (i) remuneration paid to Indemnitee if it is
determined by final judgment or other final adjudication that such remuneration
was in violation of law, (ii) which final judgment is rendered against the
Indemnitee for an accounting of profits made by the purchase or sale by the
Indemnitee of securities of the Company or a Company Subsidiary pursuant to the
provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended,
or similar provisions of any federal, state or local statute, (iii) which it is
determined by final judgment or other final adjudication that the Indemnitee's
conduct was knowingly fraudulent or dishonest or constituted willful misconduct,
or (iv) which it is determined by final judgment or other final adjudication by
a court having jurisdiction in the matter that such indemnification is not
lawful; or

                     (f) Amounts Otherwise Covered. To indemnify the Indemnitee
under this Agreement for any amounts indemnified by the Indemnitors other than
pursuant to this Agreement and amounts paid to or for the benefit of the
Indemnitee by D&O Insurance pursuant to Section 10 hereof.

                  12. Nonexclusivity. The provisions for indemnification and
advancement of expenses set forth in this Agreement shall not be deemed
exclusive of, but shall be in addition to and shall not be deemed to diminish or
otherwise restrict, any other rights which the Indemnitee may have under any
provision of law, the Certificate of Incorporation or Bylaws of the Company or a
Company Subsidiary, in any court in which a proceeding is brought, the vote of
the stockholders or disinterested directors of the Company or a Company
Subsidiary, other agreements or otherwise, both as to action in his or her
official capacity and to action in another capacity while occupying his or her
position as an agent of the Company or a Company

Subsidiary. To the extent applicable law or the Certificate of Incorporation or
Bylaws of the Company or a Company Subsidiary permit greater indemnification
than as provided for in this Agreement, the parties hereto agree that the
Indemnitee shall enjoy by this Agreement the greater benefits so afforded by
such law or provision of Certificate of Incorporation or Bylaws, and this
Agreement shall be deemed amended without any further action by the Indemnitors
or the Indemnitee to grant such greater benefits.

                  13. Settlement. The Indemnitors shall not settle any
proceeding without the Indemnitee's written consent. None of the Indemnitors or
the Indemnitee will unreasonably withhold consent to any proposed settlement.

                  14. Subrogation. In the event of payment under this Agreement,
the Indemnitors shall be subrogated to the extent of such payment to all of the
rights of recovery of the Indemnitee, who shall execute all papers required and
shall do everything that may reasonably be necessary to secure such rights,
including the execution of such documents necessary to enable the Company or a
Company Subsidiary effectively to bring suit to enforce such rights. The
Indemnitors shall pay or reimburse all reasonable expenses incurred by the
Indemnitee in connection with such subrogation.

                  15. Joint and Several Responsibility. The obligations and
liabilities of the Indemnitors under this Agreement shall be joint and several.

                  16. Interpretation of Agreement. It is understood that the
parties hereto intend this Agreement to be interpreted and enforced so as to
provide indemnification to the Indemnitee to the fullest extent now or hereafter
permitted by law.

                  17. Severability. If any provision or provisions of this
Agreement shall be held to be invalid, illegal or unenforceable for any reason
whatsoever, (i) the validity, legality and enforceability of the remaining
provisions of this Agreement (including, without limitation, all portions of any
paragraphs of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that are not themselves invalid, illegal or
unenforceable) shall not in any way be affected or impaired thereby, and (ii) to
the fullest extent possible, the provisions of this Agreement (including,
without limitation, all portions of any paragraph of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that are not
themselves invalid, illegal or unenforceable) shall not in any way be affected
or impaired thereby, and (iii) to the fullest extent possible, the provisions of
this Agreement (including, without limitation, all portions of any paragraph of
this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall
be construed so as to give effect to the intent manifested by the provision held
invalid, illegal or unenforceable and to give effect to Sections 12 and 16
hereof.

                  18. Modification and Waiver. No supplement, modification or
amendment of this Agreement shall be binding unless executed in writing by both
of the parties hereto. No waiver of any of the provisions to this Agreement
shall be deemed or shall constitute a waiver of any other provision hereof
(whether or not similar) nor shall such waiver constitute a continuing waiver.

                  19. Continuance of Rights; Successors and Assigns. The
Indemnitee's indemnity rights hereunder shall continue after the Indemnitee has
ceased acting as an agent of the Company or a Company Subsidiary. The terms of
this Agreement shall bind, and shall inure to the benefit of, the Indemnitee's
personal or legal representatives, executors, administrators, heirs,
distributees, legatees and successors and the assigns of the parties hereto.

                  20. Notice. All notices, requests, demands and other
communications under this Agreement shall be in writing and shall be deemed duly
given (i) if delivered by hand and receipted for by the party addressee, (ii) if
mailed by certified or registered mail with postage prepaid, on the third
business day after the mailing date, or (iii) if transmitted electronically by a
means by which receipt thereof can be demonstrated. Addresses for notice to the
parties hereto are set out on the signature page hereof and may be subsequently
modified by written notice.

                  21. Supersedes Prior Agreement. This Agreement supersedes any
prior indemnity agreement between Indemnitee and the Company, a Company
Subsidiary or any of their respective predecessors.

                  22. Service of Process and Venue. For purposes of any claims
or proceeding to enforce this Agreement, the Indemnitors consent to the
jurisdiction and venue of any federal or state court of competent jurisdiction
in the states of Delaware and New York, and waives and agrees not to raise any
defense that any such court is an inconvenient forum or any similar claim.

                  23. Governing Law. This Agreement shall be governed
exclusively by and construed according to the laws of the State of Delaware, as
applied to contracts between Delaware residents entered into and to be performed
entirely within Delaware. If a court of competent jurisdiction shall make a
final determination that the provisions of the law of any state other than
Delaware govern indemnification by the Indemnitors of their respective officers
and directors, then the indemnification provided under this Agreement shall in
all instances be enforceable to the fullest extent permitted under such law,
notwithstanding any provision of this Agreement to the contrary.

                  24. Counterparts. This Agreement may be executed in one or
more counterparts, each of which shall be deemed to be an original but all of
which together shall constitute one and the same instrument.

                  The parties hereto have entered into this Indemnity Agreement
effective as of the date first above written.

                            [Signature Page Follows]

                              COMPANY:

                              TAL International Group, Inc.

                              By:
                                   ---------------------------------------------
                              Name:
                                     -------------------------------------------
                              Title:
                                      ------------------------------------------
                              Address:     TAL International Group, Inc.
                                           100 Manhattanville Road
                                           Purchase, New York 10577-2135

                              COMPANY SUBSIDIARIES:

                              TAL International Container Corporation
                              Trans Ocean Ltd.
                              Trans Ocean Container Corporation
                              Spacewise Inc.
                              TAL International Container Pty. Limited
                              TAL do Brasil Investimento de Capital Propio Ltda.
                              TAL International Container GmbH
                              TAL International Container (HK) Limited
                              Greybox Logistics Services Inc.
                              Intermodal Equipment Inc.
                              TAL International Container NV
                              TAL International Container SRL
                              Greybox Services Ltd.
                              TAL International Container Limited
                              ICS Terminals (UK) Limited

                              By:
                                   ---------------------------------------------
                              Name:
                                     -------------------------------------------
                              Title:
                                      ------------------------------------------

                              INDEMNITEE:

                              [Name of Indemnitee]

                              By:
                                   ---------------------------------------------
                              Name:
                                     -------------------------------------------
                              Title:
                                      ------------------------------------------
                              Address:
                                        ----------------------------------------

                                   SCHEDULE 1

                  SUBSIDIARIES OF TAL INTERNATIONAL GROUP, INC.

TAL International Container Corporation
Trans Ocean Ltd.
Trans Ocean Container Corporation
Spacewise Inc.
TAL International Container Pty. Limited
TAL do Brasil Investimento de Capital Propio Ltda.
TAL International Container GmbH
TAL International Container (HK) Limited
Greybox Logistics Services Inc.
Intermodal Equipment Inc.
TAL International Container NV
TAL International Container SRL
Greybox Services Ltd.
TAL International Container Limited
ICS Terminals (UK) Limited

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