Document:

exv10w3

Exhibit 10.3

Execution Copy

Certain confidential information contained in this Exhibit was omitted by means of redacting a
portion of the text and replacing it with brackets and asterisks ([***]). This Exhibit has been
filed separately with the SEC without the redaction pursuant to a Confidential Treatment Request
under Rule 24b-2 of the Securities Exchange Act of 1934, as amended.

CONTRACT PLACEMENT AGREEMENT

          This Contract Placement Agreement (this “Agreement”), dated April 29, 2010 (the
“Effective Date”), is between WLR-Greenbrier Rail Inc. (“Parent”) and Greenbrier
Leasing Company LLC (“GLC”).

          WHEREAS, Parent is the owner of 100% of the outstanding equity interests in WL Ross-Greenbrier
Rail Holdings I LLC (“Holdings”), and Holdings is the owner of 100% of the outstanding
equity interests in WL Ross-Greenbrier Rail I LLC (“Owner”);

          WHEREAS, provided that Holdings is sufficiently capitalized by Parent, GLC wishes to be, or to
have its affiliate, contractually appointed as the: (a) exclusive manager of certain rail cars
owned by Owner; (b) exclusive agent for the placement of the sale of certain interests in Holdings;
and (c) consultant to provide certain advisory services to Parent;

          WHEREAS, Parent is willing, in exchange for the Contract Placement Fee (defined below) to
contractually appoint, or cause the appointment of, GLC or its affiliate, as the: (a) exclusive
manager of certain rail car assets owned by Owner; (b) exclusive agent for the placement of the
sale of certain interests in Holdings; and (c) exclusive consultant to provide certain advisory
services to Parent;

          NOW THEREFORE, Parent and GLC expressly acknowledge and agree to as follows:

          1. Contract Placement Fee.

               (a) In accordance with Section 1(b), GLC will pay Parent as compensation a fee equal to
$6,049,543 (the “Contract Placement Fee”) in exchange for Parent:

                    (i) Appointing GLC as its exclusive consultant to perform the services set forth in the
Advisory Services Agreement (“ASA”) executed by Parent and GLC as of the Effective Date;

                    (ii) Appointing GLC as its exclusive placement agent to perform the services set forth in
the Syndication Agreement (“SA”) executed by Parent and GLC as of the Effective Date; and

Contract Placement Agreement

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                    (iii) Causing Owner to appoint GLC or its affiliate as the exclusive manager of certain rail
car assets owned by Owner as set forth in the Railcar Remarketing and Management Agreement
(“RCMA”) executed by Owner and GLC or its affiliate as of the Effective Date.

               (b) GLC will pay the Contract Placement Fee to Parent by wire transfer of immediately
available U.S. funds to an account designated in writing by Parent upon:

               (i) execution and delivery of the ASA and SA by Parent;

               (ii) execution and delivery of the RCMA by Owner; and

               (iii) delivery to GLC of written evidence in a form satisfactory to GLC that Parent
has made a capital contribution to Holdings of at least $[***].

Once paid, the fee will not be refundable in any circumstances, including without limitation, upon
any termination of the ASA, SA or RCMA.

          2. Confidentiality. The terms and conditions of this Agreement are confidential, and
except as otherwise required by law, neither party shall disclose this Agreement or any portion
hereof to any person other than its legal counsel, affiliates, representatives, owners, agents and
accountants (who shall each be under an obligation to maintain such confidentiality) without the
prior written consent of the other party.

          3. No Assignment. This Agreement shall be binding upon and inure to the benefit of
the parties and their respective successors and assigns but may not be assigned (and no duties may
be delegated) by any party without the prior written consent of the other parties hereto not to be
unreasonably withheld.

          4. Waiver or Modification. No waiver or modification of any of the terms of this
Agreement shall be valid unless in writing and signed by the party to be charged. No waiver by any
party of a breach hereof or a default hereunder shall be deemed a waiver by such party of a
subsequent breach or default of like or unlike or similar or dissimilar nature.

          5. Severability. If any term or provision of this Agreement is held to be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining terms and
provisions shall not in any way be affected or impaired thereby and shall be valid and enforced to
the fullest extent permitted by law.

          6. Governing Law, Jurisdiction and Venue. This Agreement and all matters collateral
hereto shall be governed by and construed in accordance with the laws of the State of New York
applicable to contracts made and to be performed solely in New York (without giving effect to any
conflict of law principles under New York law). The parties agree that the sole and exclusive
jurisdiction of any action or suit in connection with this Agreement or any claim, dispute or
controversy arising therefrom or in

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connection therewith will lie in the Federal Court located in the County of New York,
State of New York, and if that court lacks jurisdiction, in the State Court in the same county.
EACH OF GLC AND PARENT (ON THEIR OWN BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON
BEHALF OF THEIR EQUITY HOLDERS) IRREVOCABLY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) RELATED TO OR ARISING
OUT OF THE PERFORMANCE BY GLC, HOLDINGS OR PARENT OF THE ACTIONS CONTEMPLATED BY, THIS AGREEMENT.

          7. Counterparts. The parties hereto agree that this Agreement may be executed in
counterparts with the same effect as if all parties had signed the same document. Facsimile
counterparts shall be deemed to be original execution copies. All counterparts shall be construed
together and shall constitute one Agreement.

          8. Notices. Unless otherwise provided, any notice required or permitted under this
Agreement shall be given in writing and shall be deemed effectively given upon personal delivery or
delivery by courier to the party to be notified, or upon deposit with the United States Post
Office, to be sent by registered or certified mail, postage prepaid and addressed to the party to
be notified at the following address:

Greenbrier Leasing Company LLC

One Centerpointe Drive, Suite 200

Lake Oswego, Oregon 97035

Attn: General Counsel

WLR-Greenbrier Rail Inc.

1166 Avenue of the Americas

New York, New York 10036

Attn: Wendy L. Teramoto

or at such other address as such party may designate by advance written notice to the other party.

          9. Relationship of Parties. GLC is an independent contractor of Parent and Owner, and
nothing in this Agreement, the ASA, SA or the RCMA will create a joint venture or partnership, or
establish a relationship of principal and agent, or any other relationship of a similar nature,
between the parties, and no party to this Agreement shall take any position inconsistent with the
foregoing.

          10. Entire Agreement; Binding Effect. This Agreement contains the sole and entire
agreement and understanding of the parties with respect to the subject matter hereof, superseding
all prior communications, agreements and understandings, whether written or oral. This Agreement
shall not be amended or modified except in a writing signed by both parties. This Agreement shall
be binding both parties’ legal representatives, successors and assigns.

Contract Placement Agreement

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	WLR-GREENBRIER RAIL INC.

 	 	 
	By:  	/s/ Wendy Teramoto
 	 	 
	 	Name:  	Wendy Teramoto 	 	 
	 	Title:  	Vice President 	 	 
	 
	GREENBRIER LEASING COMPANY LLC

 	 	 
	By:  	/s/ Larry Stanley
 	 	 
	 	Name:  	Larry D. Stanley 	 	 
	 	Title:  	Vice President 	 	 
	 

Contract Placement Agreement

Signature Pageexv10w4

Exhibit 10.4

Execution Copy

SYNDICATION AGREEMENT

     THIS SYNDICATION AGREEMENT (“Agreement”) entered into as of this 29th day of April
2010 by and between Greenbrier Leasing Company LLC, an Oregon limited liability company
(“Greenbrier Leasing”) and WLR-Greenbrier Rail Inc., a Delaware corporation, its successor and
assigns (“WL Ross”).

     WHEREAS, WL Ross owns 100% of the membership interests of WL Ross — Greenbrier Rail Holdings
I LLC, a Delaware limited liability company (“Holdings”);

     WHEREAS, WL Ross desires to sell an interest in the membership interests in WL Ross Greenbrier
Holdings owned by WL Ross (the “Interest”);

     WHEREAS, Greenbrier Leasing intends to identify, recommend and introduce to WL Ross one or
more purchasers of the Interest and is prepared to provide other general transaction services
related to such sales; and

     WHEREAS, WL Ross desires to engage the services and compensate Greenbrier Leasing on the terms
and conditions outlined in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing and the mutual promises and covenants herein
contained, the parties agree as follows:

	1.	 	Definitions. The term “Transaction” shall mean each sale of an Interest or, alternatively,
newly issued membership interest of Holdings, to one or more entities introduced to WL Ross by
Greenbrier Leasing.
	 
	2.	 	Offering Process. Subject to the terms and conditions of this Agreement, WL Ross retains
Greenbrier Leasing as its exclusive agent during the term of this Agreement with respect to
Transactions. Greenbrier Leasing agrees to provide services to WL Ross in connection with
this Agreement as may reasonably be requested by WL Ross from time to time, including, but not
limited to:

	 	a.	 	familiarizing itself with the proposed and/or historic business, operations,
properties, financial condition and prospects of Holdings and its subsidiaries;
	 
	 	b.	 	providing a general transaction overview and timeline;
	 
	 	c.	 	assisting WL Ross in identifying and evaluating potential purchasers of the
Interest;
	 
	 	d.	 	analyzing and recommending an appropriate sale structure for the Interest;

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	 	e.	 	recommending third party appraisers, if applicable, for the Interest;
	 
	 	f.	 	providing economic analysis regarding any sale of the Interest;
	 
	 	g.	 	identifying and recommending qualified institutional buyers of the Interest;
	 
	 	h.	 	assisting in Transaction negotiations;
	 
	 	i.	 	reviewing and advising WL Ross in preparing the documentation to be used in
connection with the Transactions, including, to the extent legally required, any
disclosure documents, due diligence materials and other supporting documents;
	 
	 	j.	 	organizing closings of any Transaction; and
	 
	 	k.	 	providing post-closing financial analysis.

	2.	 	Staffing. Greenbrier Leasing shall maintain in its employ, or otherwise have available to it
through affiliates or otherwise, personnel in its judgment sufficient in number and adequate
in ability to perform all services that Greenbrier Leasing is required to perform under this
Agreement.
	 
	3.	 	Representations, Warranties and Covenants. In connection with any Transaction, the parties
shall provide to each other mutual representations and warranties, indemnities, and such other
further agreements as may be reasonably agreed.
	 
	4.	 	Covenants. The parties agree that the performance of their obligations under this Agreement
shall be in compliance with all applicable laws.
	 
	5.	 	Payment of Compensation. In the event that WL Ross enters into one or more Transactions
during the term of this Agreement or within 12 months following its termination, WL Ross shall
pay Greenbrier Leasing as compensation for services under this Agreement a fee customary in
the industry to be mutually agreed upon by the parties. WLR shall also pay, or at Greenbrier
Leasing’s option reimburse, Greenbrier Leasing, for all reasonable out-of-pocket fees and
expenses incurred by Greenbrier Leasing in connection with Greenbrier Leasing’s obligations
hereunder, in each case, provided that such out-of-pocket fees and expenses are approved by WL
Ross, such approval not to be unreasonably withheld.
	 
	6.	 	Term of Agreement.

	 	a.	 	Unless terminated earlier as provided below, this Agreement shall continue
in full force and effect until the earlier of a liquidation or dissolution of
Holdings, any sale of all of WL Ross’s interest in Holdings or its business or

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	 	 	 	any foreclosure by the senior lenders on the assets of WL Ross-Greenbrier Rail I LLC.
	 
	 	b.	 	This Agreement shall be terminable by Greenbrier Leasing for any or no
reason upon ten (10) days prior written notice; provided, that Greenbrier Leasing
shall not be permitted to provide notice of termination until the third anniversary
following the effective date of this Agreement.
	 
	 	c.	 	This Agreement shall be terminable by either party at any time by written
notice to the other party if such party materially breaches this Agreement and the
breach is not cured within 30 days after receipt of written notice from the
non-breaching party.
	 
	 	d.	 	This Agreement shall be terminable by WL Ross upon ten (10) days prior
written notice to Greenbrier Leasing following the occurrence of any “Manager
Termination Event” under that certain railcar management agreement between Greenbrier
Management Services, LLC and WL Ross-Greenbrier Rail I LLC.

	7.	 	Condition Precedent. This Agreement shall be effective as of the date first written above.
Notwithstanding the forgoing, while the compensation for services may be earned prior to the
License Date (as hereinafter defined), WL Ross’ obligations to pay such compensation to
Greenbrier Leasing shall be contingent upon Greenbrier Leasing or its successors and/or
assigns possessing the necessary licenses under federal and state law to perform the services
described hereunder. “License Date” shall mean the date upon which Greenbrier Leasing, its
successors and/or assigns, has obtained the last of any necessary licenses under federal and
state law to perform the services described hereunder.
	 
	8.	 	Indemnification. Each party hereto (an “Indemnifying Party”) will indemnify and hold
harmless the other party (collectively, an “Indemnified Party”) and such Indemnified Party’s
affiliates, shareholders, partners, directors, members, officers, managers, control persons,
agents, representatives and employees from and against any losses, claims, damages, judgments,
assessments, costs and other liabilities (collectively “Liabilities”), and will reimburse each
Indemnified Party for all reasonable fees and expenses, including, but not limited to,
reasonable attorneys’ fees (collectively, “Expenses”) as they are reasonably incurred in
investigating, preparing, pursuing or defending any claim, action, proceeding or
investigation, whether or not in connection with pending or threatened litigation and whether
or not any Indemnified Party is a party (collectively, “Actions”), arising out of or in
connection with a breach by such Indemnifying Party of this Agreement, except to the extent
resulting from such Indemnified Party’s negligence or misconduct in connection with the this
Agreement. No Indemnifying Party, nor any of such Indemnified Party’s affiliates,
shareholders, partners, directors, members, officers, managers, control persons, agents,
representatives and employees shall be liable for special, incidental or consequential
damages, or for compensation, reimbursement or damages on account of the loss of present or
prospective profits, expenditures, investments or commitments, whether made in the
establishment, development or maintenance of business reputation, goodwill or any other reason
whatsoever. Each

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	 	 	Indemnifying Party hereto also agrees to reimburse each Indemnified Party for all Expenses as
they are incurred in connection with enforcing such Indemnified Party’s rights under this
Agreement. The right to indemnification under this Section shall survive termination of this
Agreement.
	 
	9.	 	Survival. Sections 5 (Compensation) and Section 8 (Indemnity) in this Agreement shall remain
in full force and effect regardless of (a) any termination of this Agreement, (b) any
investigation made by or on behalf of Greenbrier Leasing or controlling person thereof, or by
or on behalf of the Company or its directors or officers and (c) the closing of any
Transaction under this Agreement.
	 
	10.	 	Governing Law. THIS AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA, INCLUDING ALL
MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS
OF LAW (OTHER THAN TITLE 14 OF ARTICLE 5 OF THE GENERAL OBLIGATIONS LAW).
	 
	11.	 	Miscellaneous. This Agreement shall inure to the benefit of the parties hereto and their
respective successors and assigns. Any purchaser of interests in a Transaction shall not be a
successor or assign under this Agreement. Greenbrier Leasing shall have the right to assign
this Agreement or the obligations or rights hereunder to its affiliates or subcontract this
Agreement to, or associate with, a registered broker dealer, whether or not an affiliate of
Greenbrier Leasing, in each case with prior consent from WL Ross not to be unreasonably
withheld. This Agreement contains the entire understanding of the parties hereto in respect
of the subject matter contained herein. This Agreement supersedes all prior agreements,
whether written or oral, between the parties with respect to the subject matter hereof. This
Agreement may be amended only by a written agreement duly executed by the parties hereto.
This Agreement may be executed in two or more counterparts, all of which together shall be
considered a single instrument. Facsimile transmission of any signed original of this
Agreement, and retransmission of any facsimile transmission, shall be the same as delivery of
an original of this Agreement.

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK; SIGNATURE PAGE FOLLOWS]

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4

 

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

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

	GREENBRIER LEASING COMPANY LLC	 	 	 	WLR-GREENBRIER RAIL INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:	 	/s/ Larry Stanley	 	 	 	By:	 	/s/ Wendy Teramoto	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	Larry D. Stanley
	 	 	 	 	 	Name:
	 	Wendy Teramoto	 	 
	 

	 	Its:
	 	Vice President
	 	 	 	 	 	Its:
	 	Vice President	 	 

SIGNATURE PAGE — SYNDICATION AGREEMENT

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