Document:

Unassociated Document

    VOTING
      AGREEMENT

     

    

    THIS
      VOTING AGREEMENT (“Agreement”)
      is
      made this 19th
      day of
      January, 2007 by and among THOMAS P. ROSATO (“Rosato”),
      GERARD J. GALLAGHER (“Gallagher”
and
      together with Rosato the “Target
      Group”),
      C.
      THOMAS MCMILLEN (“McMillen”),
      HARVEY L. WEISS (“Weiss”
and
      together with McMillen the “Founders
      Group”)
      and
      FORTRESS AMERICA ACQUISITION CORPORATION, a Delaware corporation (“FAAC”).

    

    RECITALS:

    

    R-1. The
      members of the Target Group were all of the members of VTC, LLC, a Maryland
      limited liability company (“VTC”),
      and
      Vortech, LLC, a Maryland limited liability company (“Vortech”).
      

    

    R-2. The
      members of the Founders Group are shareholders of FAAC and own beneficially
      and
      of record shares of common stock of FAAC, par value $0.0001 per share
      ("Common
      Stock"),
      as
      set forth opposite each of their names on Exhibit
      A.

    

    R-3. Pursuant
      to the terms of that certain Second Amended and Restated Membership Interest
      Purchase Agreement dated July 31, 2006, (the “Membership
      Interest Purchase Agreement”)
      FAAC
      acquired all of the Target Group’s membership interests in each of VTC and
      Vortech effective as of the date hereof (the “Acquisition
      Transaction”).

    

    R-4. In
      connection with the Acquisition Transaction and pursuant to the Membership
      Interest Purchase Agreement, the members of the Target Group have received
      as of
      the date hereof and own beneficially of record (subject to certain escrows
      and a
      Lock Up Agreement all as described in the Membership Interest Purchase
      Agreement) Common Stock as set forth opposite each of their names on
Exhibit
      A.
      

    

    R-5. As
      a
      condition to the consummation of the Acquisition Transaction, the members of
      the
      Target Group and the Founders Group (collectively the “Stockholders”)
      have
      agreed to enter into this Agreement for the purpose of voting their respective
      shares of Common Stock (all such shares and any shares of which ownership of
      record of the power to vote is hereafter acquired by any of the Stockholders,
      whether by purchase, conversion or exercise, prior to the termination of this
      agreement being hereinafter referred to as the “Shares”).

    

    R-6. Capitalized
      terms used but not defined in this Agreement shall have the meanings ascribed
      to
      them in the Membership Interest Purchase Agreement.

     

    NOW,
      THEREFORE, in consideration of the premises and of the mutual agreements and
      covenants set forth herein and in the Membership Interest Purchase Agreement,
      and intending to be legally bound hereby, the parties hereto hereby agree as
      follows.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

     

    ARTICLE
      I

    DIRECTORS
      AND OFFICERS

     

    1.1 Voting
      of Shares.
      Subject
      to Section 3.11 below, each Stockholder will vote such Stockholder’s Shares in
      support of Director Designees (as defined below) and otherwise pursuant to
      the
      provisions of this Section 1.1: 

     

    (a) Board
      Size and Structure.
      The
      board of directors of FAAC (the “Board”)
      will
      consist of nine members, consisting of three classes of three members each.
      Members of the first class will stand for election in 2007 and every three
      years
      thereafter (the “Class
      A Directors”),
      members of the second class will stand for election in 2008 and every three
      years thereafter (the “Class
      B Directors”),
      and
      members of the third class will stand for election in 2009 and every three
      years
      thereafter (the “Class
      C Directors”).
      

     

    (b) Designation
      Rights.

     

    (i) The
      members of the Target Group will have the right to jointly propose to the Board
      (or appropriate nominating committee thereof), and to otherwise propose for
      nomination in accordance with FAAC’s governing documents, four designees as
      members of the Board (each a “Target
      Group Designee”),
      provided that at least two of the Target Group Designees constitute "independent
      directors" within the meaning of the Nasdaq rules and further provided that
      at
      least one such “independent director” is approved by members of the Board other
      than the Target Group Designees. Each of the three classes of the Board will
      include at least one Target Group Designee. 

     

    (ii) The
      members of the Board other than the Target Group Designees will have the right
      to designate members of the Board not designated by the members of the Target
      Group pursuant to subclause (i) above (each an “At
      Large Designee”),
      provided that at least three At Large Designees are “independent directors”
within the meaning of the Nasdaq rules and further provided that at least one
      such “independent director” is
      approved by the members
      of the Target Group (in their capacities as Stockholders), which approval may
      not be unreasonably withheld or delayed. 

     

    (c) Initial
      Board Composition.
      The
      members of the Board immediately following the execution and delivery of this
      Agreement will be:

     

    
      	 	
              Class
                A Directors

            	
              Gerard
                J. Gallagher 

              David
                J. Mitchell 

              __________________
                

            
	 	
              Class
                B Directors

            	
              Harvey
                L. Weiss 

              Donald
                L. Nickles

              ___________________
                

            
	 	
              Class
                C Directors

            	
              Thomas
                P. Rosato 

              C.
                Thomas McMillan 

              __________________
                

            

    

    (1)
      A
      Target Group Designee.

    (2)
      An At
      Large Designee.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

     

    (d) Neither
      the Stockholders, nor any of the officers, directors, stockholders, members,
      managers, partners, employees or agents of any Stockholder, makes any
      representation or warranty as to the fitness or competence of any Target Group
      Designee or At Large Designee (collectively the “Director
      Designees”)
      to
      serve on the Board by virtue of such party's execution of this Agreement or
      by
      the act of such party in designating or voting for such Director Designee
      pursuant to this Agreement. 

     

    (e) Any
      Director Designee may be removed from the Board in the manner allowed by law
      and
      FAAC’s governing documents except that (i) the members of the Target Group will
      not vote their Shares for the removal of an At Large Designee absent the written
      approval of the members of the Founders Group and (ii) the members of the
      Founders Group will not vote their Shares for removal of a Target Group Designee
      absent the written approval of the members of the Target Group. 

     

    1.2 Board
      Observation Rights.
      To the
      extent applicable and appropriate, each Stockholder will vote such Stockholder’s
      Shares in favor of any proposal by the Board or the FAAC shareholders at large
      to grant board observation rights to either or both of C. Thomas McMillen and/or
      Harvey L. Weiss in the event that neither C. Thomas McMillen or Harvey L. Weiss
      are then directors of FAAC. 

     

    1.3 Vote
      in Favor of Certain Officers.
      To the
      extent applicable and appropriate, each Stockholder will vote such Stockholder’s
      Shares in favor of the following individuals to hold the following corporate
      offices:

     

    
      	 	
              Harvey
                L. Weiss

            	
              Chairman
                of the Board of Directors

            
	 	
              C.
                Thomas McMillen

            	
              Vice
                Chairman of the Board of Directors

            
	 	
              Thomas
                P. Rosato

            	
              Chief
                Executive Officer

            
	 	
              Gerard
                J. Gallagher

            	
              President
                / Chief Operating Officer 

            
	 	 	 

    

    1.4 Obligations
      of FAAC.
      FAAC
      shall take all necessary and desirable actions within its control (a) to provide
      for the Board to be comprised of nine members and to enable the election of
      the
      Director Designees to the Board in accordance with this Agreement, (b) to enable
      the appointment of those individuals referenced in Section 1.3 to the offices
      indicated in Section 1.3 and (c) to cause and permit C. Thomas McMillen and/or
      Harvey L. Weiss to serve as an advisor to the Board of Directors and to attend
      and observe meetings of the Board pursuant to Section 1.4.

     

    1.5 Term
      of Agreement.
      This
      Agreement shall terminate immediately following the election or re-election
      of
      directors at the annual meeting of FAAC that will be held in 2008.

     

    1.6 Obligations
      as Director and/or Officer.
      Nothing
      in this Agreement shall be deemed to limit or restrict any director or officer
      of FAAC from acting in his or her capacity as such director or officer or from
      exercising his or her fiduciary duties and responsibilities, it being agreed
      and
      understood that this Agreement shall apply to each Stockholder solely in his
      or
      her capacity as a stockholder of FAAC and shall not apply to his or her actions,
      judgments or decisions as a director or officer of FAAC if he or she is such
      a
      director or officer.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

     

    ARTICLE
      II 

    REPRESENTATIONS
      AND WARRANTIES; 

    COVENANTS
      OF THE STOCKHOLDERS

     

    Each
      Stockholder hereby severally represents warrants and covenants as follows for
      himself, herself or itself, but for no other Person:

     

    2.1 Authorization.
      Such
      Stockholder has full legal capacity and authority to enter into this Agreement
      and to carry out such Stockholder's obligations hereunder. This Agreement has
      been duly executed and delivered by such Stockholder, and (assuming due
      authorization, execution and delivery by FAAC and the other Stockholders) this
      Agreement constitutes a legal, valid and binding obligation of such Stockholder,
      enforceable against such Stockholder in accordance with its terms.

     

    2.2 No
      Conflict; Required Filings and Consents.

     

    (a) The
      execution and delivery of this Agreement by such Stockholder does not, and
      the
      performance of this Agreement by such Stockholder will not, 

     

    (i) to
      the
      extent applicable, conflict with or violate any provision of the certificate
      or
      articles of organization or operating agreement the Stockholder;

     

    (ii) to
      the
      extent applicable, result in the creation of, or require the creation of, any
      Lien upon any (A) equity interest or (B) property of the
      Stockholder;

     

    (iii) result
      in
      (A) the termination, cancellation, modification, amendment, violation, or
      renegotiation of any contract, agreement, indenture, instrument, or commitment,
      or (B) the acceleration or forfeiture of any term of payment;

     

    (iv) give
      any
      Person the right to (A) terminate, cancel, modify, amend, vary, or renegotiate
      any contract, agreement, indenture, instrument, or commitment, or (B) to
      accelerate or forfeit any term of payment; or

     

    (v) violate
      any Law applicable to the Stockholder or by which such Stockholder’s properties
      are bound or affected.

     

    (b) The
      execution and delivery of this Agreement by such Stockholder does not, and
      the
      performance of this Agreement by such Stockholder will not, require any consent,
      approval, authorization or permit of, or filing with or notification to, any
      governmental or regulatory authority, domestic or foreign, except (i) for
      applicable requirements, if any, of the Exchange Act, and (ii) where the failure
      to obtain such consents, approvals, authorizations or permits, or to make such
      filings or notifications, would not prevent or materially delay the performance
      by such Stockholder of such Stockholder's obligations under this
      Agreement.

     

    2.4 Title
      to Shares.
      Such
      Stockholder is the legal and beneficial owner of its Shares, or will be the
      legal and beneficial owner of the Shares that such Stockholder will receive
      as a
      result of the Acquisition Transaction, free and clear of all liens and other
      encumbrances except certain restrictions upon the transfer of such
      Shares.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

     

    ARTICLE
      III 

    GENERAL
      PROVISIONS

     

    3.1 Notices.
      All
      notices and other communications given or made pursuant hereto shall be in
      writing and shall be given (and shall be deemed to have been duly given upon
      receipt) by delivery in person, by overnight courier service, by telecopy,
      or by
      registered or certified mail (postage prepaid, return receipt requested) to
      the
      respective parties at the following addresses (or at such other addresses as
      shall be specified by notice given in accordance with this Section
      3.1):

     

    
      	 	
              (a)
                If to FAAC: 

            	
              Fortress
                America Acquisition Corporation

            
	 	 	
              Attn:
                Harvey L. Weiss, Chairman of the Board

            
	 	 	
              4100
                North Fairfax Drive

            
	 	 	
              Suite
                1150

            
	 	 	
              Arlington,
                Virginia 22203

            
	 	 	
              Fax:
                

            
	 	 	 
	 	
              With
                a copy to:

            	
              James
                J. Maiwurm

            
	 	 	
              Squire,
                Sanders & Dempsey L.L.P.

            
	 	 	
              8000
                Towers Crescent Drive, Suite 1400

            
	 	 	
              Tysons
                Corner, VA 22182-2700

            
	 	 	
              Fax:
                (703) 720-7801

            
	 	 
	 	(b)
              If to
              any Stockholder, to the address set forth opposite his, her or its
              name on
              Exhibit
              A. 

    

     

    3.2 Headings.
      The
      headings contained in this Agreement are for reference purposes only and shall
      not affect in any way the meaning or interpretation of this
      Agreement.

     

    3.3 Severability.
      If any
      term or other provision of this Agreement is invalid, illegal or incapable
      of
      being enforced by any rule of law or public policy, all other conditions and
      provisions of this Agreement shall nevertheless remain in full force and effect
      so long as the economic or legal substance of the transactions contemplated
      hereby is not affected in any manner materially adverse to any party. Upon
      such
      determination that any term or other provision is invalid, illegal or incapable
      of being enforced, the parties hereto shall negotiate in good faith to modify
      this Agreement so as to effect the original intent of the parties as closely
      as
      possible to the fullest extent permitted by applicable law in an acceptable
      manner to the end that the transactions contemplated hereby are fulfilled to
      the
      extent possible. 

     

    3.4 Entire
      Agreement.
      This
      Agreement constitutes the entire agreement of the parties and supersedes all
      prior agreements and undertakings, both written and oral, between the parties,
      or any of them, with respect to the subject matter hereof. This Agreement may
      not be amended or modified except in an instrument in writing signed by, or
      on
      behalf of, the parties hereto. 

     

    3.5 Specific
      Performance.
      The
      parties hereto agree that irreparable damage would occur in the event that
      any
      provision of this Agreement was not performed in accordance with the terms
      hereof and that the parties shall be entitled to specific performance of the
      terms hereof, in addition to any other remedy at law or in equity. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

     

    3.6 Governing
      Law.
      This
      Agreement shall be governed by, and construed in accordance with, the laws
      of
      the State of Delaware applicable to contracts executed in and to be performed
      in
      that State. 

     

    3.7 Disputes.
      All
      actions and proceedings arising out of or relating to this Agreement shall
      be
      heard and determined exclusively in any state or federal court in Delaware.
      

     

    3.8 No
      Waiver.
      No
      failure or delay by any party in exercising any right, power or privilege
      hereunder shall operate as a waiver thereof nor shall any single or partial
      exercise thereof preclude any other or further exercise thereof or the exercise
      of any other right, power or privilege. The rights and remedies herein provided
      shall be cumulative and not exclusive of any rights or remedies provided by
      law.

     

    3.9 Counterparts.
      This
      Agreement may be executed in one or more counterparts, and by the different
      parties hereto in separate counterparts, each of which when executed shall
      be
      deemed to be an original but all of which taken together shall constitute one
      and the same agreement. 

     

    3.10
      Waiver
      of Jury Trial.
      Each of
      the parties hereto irrevocably and unconditionally waives all right to trial
      by
      jury in any action, proceeding or counterclaim (whether based in contract,
      tort
      or otherwise) arising out of or relating to this Agreement or the Actions of
      the
      parties hereto in the negotiation, administration, performance and enforcement
      thereof. 

     

    3.11
      Shares
      subject to General Indemnity Escrow Agreement.
      Notwithstanding anything to the contrary contained in this Agreement, the
      undersigned acknowledge and agree that pursuant to the terms of the Membership
      Interest Purchase Agreement, certain of the Common Stock received by Rosato
      and
      Gallagher respectively have been deposited in either (i) a General Indemnity
      Escrow the “General
      Indemnity Escrow”)
      under
      the terms of a General Indemnity Escrow Agreement dated as of the date hereof,
      or (ii) a Balance Sheet Escrow (the “Balance
      Sheet Escrow”)
      pursuant to the terms of Balance Sheet Escrow Agreement dated as of the date
      hereof. The undersigned further acknowledge and agree that this Agreement shall
      not apply to any Common Shares owned by either Rosato or Gallagher that are
      then
      held in either the General Indemnity Escrow or Balance Sheet Escrow and that
      this Agreement shall only apply to those Common Shares after the Common Shares
      are released to Rosato, or Gallagher as the case may be from the General
      Indemnity Escrow or the Balance Sheet Escrow as applicable.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the date first
      written above.

     

    
      	 	
              FORTRESS
                AMERICA ACQUISITION CORPORATION,

            
	 	
              a
                Delaware corporation

            
	 	 
	 	 
	 	
              By:/s/
                Harvey L. Weiss

            
	 	
              Name:
                Harvey L. Weiss

            
	 	
              Title:
                Chairman

            
	 	 
	 	 
	 	
              STOCKHOLDERS:

            
	 	 
	 	
              THE
                FOUNDERS GROUP:

            
	 	 
	 	 
	 	 
	 	
              /s/
                C. Thomas McMillen

            
	 	
              C.
                Thomas McMillen

            
	 	 
	 	
              /s/
                Harvey L. Weiss

            
	 	
              Harvey
                L. Weiss 

            
	 	 
	 	 
	 	 
	 	
              THE
                TARGET GROUP:

            
	 	 
	 	 
	 	 
	 	
              /s/
                Thomas P. Rosato

            
	 	
              Thomas
                P. Rosato

            
	 	 
	 	 
	 	
              /s/
                Gerard J. Gallagher

            
	 	
              Gerard
                J. Gallagher

            

    

    

    

    

    
      
        
        

      

      
        7Unassociated Document

    FOURTH
      AMENDED AND RESTATED

    

    REVOLVING
      LINE OF CREDIT AGREEMENT

    

    

    This
      Fourth Amended and Restated Revolving Line of Credit Agreement (this
“Agreement”)
      is
      made as of January 20, 2007 by and between General Finance Corporation, a
      Delaware corporation (“Borrower”),
      and
      Ronald F. Valenta (“Lender”),
      with
      reference to the following facts.

     

    A.    Borrower
      has been organized for the purpose of effecting a merger, capital stock
      exchange, asset acquisition or other similar business combination with an
      operating business (a “Business
      Combination”).

     

    B.    Borrower
      proposes to: (a) make a public offering (the “Public
      Offering”)
      of its
      securities pursuant to a registration statement (the “Registration
      Statement”)
      filed
      with and declared effective by the Securities and Exchange Commission (the
      “SEC”);
      (b)
      deposit the proceeds from the Public Offering into a trust account (the
“Trust
      Account”)
      for
      the benefit of the purchasers of securities in the Public Offering, net of
      offering costs, underwriting discounts and a financial advisory fee, to be
      held
      and disbursed in accordance with the terms of the Investment Management Trust
      Agreement to be entered into between Borrower and Continental Stock Transfer
      & Trust Company as trustee (the “Trust
      Agreement”);
      and
      (c) utilize the funds in the Trust Account in connection with a Business
      Combination. 

     

    C.    Borrower
      may need funds to pay costs and expenses prior to consummation of a Business
      Combination.

     

    D.    On
      the
      terms and subject to the conditions set forth in this Agreement, Lender is
      willing to make available to Borrower a revolving line of credit to pay certain
      costs and expenses that may arise prior to a Business Combination (the
“Loan”).

     

    AGREEMENT

     

    1.    The
      Loan

     

    1.1    Lender
      agrees to make advances to Borrower, and Borrower agrees to repay such advances,
      from time to time in accordance with the terms and conditions of this Agreement
      and the form of revolving promissory note attached hereto as Exhibit A (the
      “Note”);
      provided, however, that notwithstanding anything to the contrary in this
      Agreement, at no time shall the aggregate of all advances and readvances
      outstanding under the Loan at any time exceed $2,000,000. This Agreement and
      the
      Note are each sometimes referred to in this Agreement individually as a
“Loan
      Document,”
and
      are sometimes collectively referred to as the “Loan
      Documents.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.2    Lender’s
      obligation to make advances shall expire upon the first to occur of the
      following:

     

    1.2.1    Upon
      a
      material breach or default of any representation, warranty or agreement of
      Borrower that is not cured or corrected within 20 days of notice of such breach
      from Lender;

     

    1.2.2    Upon
      consummation of a Business Combination;

     

    1.2.3    Upon
      notice from Lender at any time prior to the effectiveness of the Registration
      Statement; 

     

    1.2.4    Two
      years
      after the effective date of the Registration Statement, provided that the
      Company may request advances after that date solely to pay reasonable costs
      and
      expenses in connection with liquidation of the Company. 

     

    2.    Conditions
      of Advances.
      Upon
      reasonable advance request from Borrower, Lender shall make advances to or
      as
      directed by Borrower, provided that each and all of the following conditions
      is
      satisfied: 

     

    2.1    Borrower
      shall have executed and delivered the Note to Lender;

     

    2.2    The
      aggregate amount of outstanding advances following such advance shall not exceed
      $2,000,000;

     

    2.3    The
      representations and warranties of Borrower in the Loan Documents shall be true
      and correct in all material respects;

     

    2.4    Borrower
      shall have complied in all material respects with each of its agreements in
      the
      Loan Documents;

     

    2.5    Borrower
      shall not have terminated Lender’s employment as the Chief Executive Officer of
      Borrower other than for cause;

     

    2.6    The
      advances shall be used only for such purposes as are set forth in Section
4.1
      of this
      Agreement; and

     

    2.7    Prior
      to
      the effectiveness of the Registration Statement, Lender consents to the advance.
      

     

    3.    Borrower
      Representations

     

    3.1    Borrower
      represents and warrants as follows:

     

    3.1.1    Borrower
      has full power and authority to execute and deliver this Agreement and the
      other
      Loan Documents to be executed and delivered by it pursuant hereto and to perform
      its obligations hereunder and thereunder. This Agreement and such Loan Documents
      constitute the valid and legally binding obligations of the Borrower and are
      enforceable against Borrower in accordance with their terms.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    3.1.2    Neither
      the execution and the delivery of the Loan Documents by Borrower, nor the
      consummation of the transactions contemplated by the Loan Documents, nor the
      borrowing by Borrower, will (a) violate any constitution, statute,
      regulation, rule, injunction, judgment, order, decree, ruling, charge, or other
      restriction of any government, governmental agency, or court to which Borrower
      is subject or any provision of the Certificate of Incorporation or Bylaws of
      Borrower, or (b) conflict with, result in a breach of, constitute a default
      under, result in the acceleration of, create in any entity or natural person
      (each, a “Person”)
      the
      right to accelerate, terminate, modify, or cancel, any agreement, contract,
      lease, license, instrument, or other arrangement to which Borrower is a party
      or
      by which it is bound or to which any of its assets are subject (or result in
      the
      imposition of any security interest upon any of its assets), in each case other
      than where such violation, conflict, breach, default, acceleration or creation
      of right would not reasonably be expected to have a material adverse effect
      on
      the ability of Borrower to repay amounts due under the Note in accordance with
      the terms of the Loan Documents. (a “Material
      Adverse Effect”).

     

    3.1.3    Borrower
      does not need to give any notice to, make any filing with, or obtain any
      authorization, permit, certificate, registration, consent, approval or order
      of
      any government or governmental agency in order for the parties to consummate
      the
      transactions contemplated by this Agreement, except whether the failure would
      not reasonably be expected to have a Material Adverse Effect.

     

    3.1.4    The
      conditions to the obligation of Lender to make the advance, as set forth in
      Section 2,
      shall
      be satisfied.

     

    3.2   Each
      and
      every representation and warranty made by Borrower in this Agreement shall
      be
      deemed renewed and remade upon the making of each and every advance or readvance
      under the Note that Lender may make.

     

    4.    Borrower
      Covenants.
      For as
      long as Lender shall have a commitment to make advances or there shall be any
      outstanding balance on the Loan, without the prior consent of Lender, Borrower
      shall:

     

    4.1    use
      the
      proceeds only for: (a) prior to the closing of the Public Offering, costs and
      expenses of the Offering, including legal, accounting, printing and “road show”
expenses; and (b) after the Closing of the Offering, ordinary and reasonable
      operating costs and expenses during the period Borrower seeks to identify,
      investigate, negotiate and consummate a Business Combination, including
      Borrower’s reporting obligations with the SEC, the audit and review of
      Borrower’s financial statements, identifying and investigating potential targets
      for a Business Combination, negotiating and closing the Business Combination,
      legal and other professional fees and expenses, fees, salaries and compensation
      for directors, officers, employees, consultants and advisors, and insurance
      premiums;
      and (c)
      if the Company does not consummate a Business Combination and the funds in
      the
      Trust Account are returned to the purchasers of the securities in the Public
      Offering, the reasonable costs and expenses of the liquidation of the
      Company.

     

    4.2    within
      three business days following the closing of the Public Offering, pay all
      outstanding principal and interest on the Loan and the Note outstanding as
      of
      the closing of the Public Offering to the extent such amounts were borrowed
      in
      respect of offering costs for which Borrower may utilize the funds held by
      it
      which were not deposited into the Trust Account; 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    4.3    not
      declare or pay any dividend or distribution with respect to, or repurchase
      or
      redeem any shares of, the capital stock of Borrower, provided that this shall
      not prohibit payments from the Trust Account to stockholders of Borrower in
      accordance with the Trust Agreement;

     

    4.4    not
      engage in any business other than identifying, investigating, negotiating and
      closing a Business Combination; 

     

    4.5    make
      any
      material capital expenditure or purchase any material property or asset (other
      than office supplies and equipment); and

     

    4.6    upon
      request of Lender, provide to Lender copies of all filings with the Securities
      and Exchange Commission.

     

    5.    No
      Recourse to Trust Account

     

    Lender,
      on behalf of itself and its successors and assigns, hereby acknowledges and
      agrees that under no circumstance shall Lender have any right, title or interest
      in or to any of the funds in the Trust Account, notwithstanding the fact that
      such funds were received for the purchase and sale of securities of Borrower,
      or
      any funds distributed from the Trust Account other than in a Business
      Combination Distribution (as defined below), and that its sole recourse for
      repayment of any and all amounts due under the Note shall be against the assets
      or properties of Borrower never deposited into the Trust Account or distributed
      to Borrower from the Trust Account in a Business Combination Distribution.
      Lender hereby irrevocably waives any claim that it might have to funds in the
      Trust Account, and any funds distributed from the Trust Account other than
      in a
      Business Combination Distribution, at law or in equity, agrees not to make
      any
      such claim, and agrees to indemnify and hold the Company harmless from any
      such
      claim made by or on behalf of Lender. For purposes of this Section 5, a
“Business
      Combination Distribution”
means
      a
      distribution from the Trust Account in connection with the consummation of
      Business Combination pursuant to the Trust Agreement.

     

    6.    Events
      of Default.
      The
      occurrence of any of the following shall constitute an event of default (an
      “Event
      of Default”)
      hereunder and under each and every other Loan Document:

     

    6.1    The
      Borrower shall fail to pay any principal, interest or any other amount as and
      when due and payable under any Loan Document;

     

    6.2    Any
      representation or warranty which is made or deemed made in any Loan Document
      by
      the Borrower shall prove to have been incorrect or misleading in any material
      respect on or as of the date made or deemed made or remade;

     

    6.3    The
      Borrower shall fail to perform or observe any term, provision, covenant, or
      agreement contained in any Loan Document to be performed or observed by the
      Borrower (other than any payment obligation) and such failure shall continue
      more than 20 days after notice thereof from Lender;

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    6.4    The
      Borrower shall (a) generally not, or be unable to, or admit in writing its
      inability to, pay its debts as such debts become due; or (b) make an
      assignment for the benefit of creditors, or petition or apply to any tribunal
      for the appointment of a custodian, receiver, or trustee for it or a substantial
      part of its assets; or (c) commence any proceeding under any bankruptcy,
      reorganization, arrangement, readjustment of debt, dissolution, or liquidation
      law or statute of any jurisdiction, whether now or hereafter in effect; or
      (d) have any such petition or application filed or any such proceeding
      commenced against it in which an order for relief is entered or adjudication
      or
      appointment is made and which remains undismissed for a period of 30 days or
      more; or (e) by any act or omission to act indicate consent to, approval
      of, or acquiescence in any such petition, application, or proceeding, or order
      for relief, or the appointment of a custodian, receiver, or trustee for all
      or
      any such substantial part of its properties; or (f) suffer any such
      custodianship, receivership, or trusteeship for all or any substantial part
      of
      its properties; or (g) suffer any such custodianship, receivership, or
      trusteeship to continue undischarged for a period of 30 days or more;
      or

     

    6.5    At
      any
      time after execution and delivery of this Agreement, and for any reason at
      no
      fault of Lender, any Loan Document shall cease to be in full force and effect
      and enforceable in accordance with its terms, or shall be declared null and
      void.

     

    7.    Consequences
      of Default.
      If an
      Event of Default shall occur, Lender: 

     

    7.1    shall
      have no further obligation to make advances under the Loan Documents; and

     

    7.2    may
      declare the Note, all interest thereon, and all other amounts payable under
      this
      Agreement and any other Loan Document to be forthwith due and payable, whereupon
      the Note, all such interest, and all such amounts shall become and be forthwith
      due and payable, without presentment, demand, protest, or further notice of
      any
      kind, all of which are hereby expressly waived by Borrower. 

     

    8.    Miscellaneous
      Provisions

     

    8.1    Notices.
      All
      notices, requests, demands and other communications (collectively, “Notices”)
      given
      pursuant to this Agreement shall be in writing, and shall be delivered by
      personal service, courier, facsimile transmission or by United States first
      class, registered or certified mail, addressed to the following
      addresses:

     

    
      	
            	If
              to Borrower:	
              General
                Finance Corporation

              
                260
                  South Los Robles, Suite 217

                Pasadena,
                  CA 91101

                Attention:
                  Marc Perez

                Facsimile:
                  (626) 795-8090

              

            

    

     

    
      
        	
              	If
                to Lender:	
                
                  Ronald
                    Valenta

                  260
                    South Los Robles, Suite 217

                  Pasadena,
                    CA 91101

                  Facsimile:
                    (818) 952-0971

                

              

      

    

     

    Any
      Notice, other than a Notice sent by registered or certified mail, shall be
      effective when received; a Notice sent by registered or certified mail, postage
      prepaid return receipt requested, shall be effective on the earlier of when
      received or the third day following deposit in the United States mails (or
      on
      the seventh day if sent to or from an address outside the United States). Any
      party may from time to time change its address for further Notices hereunder
      by
      giving notice to the other party in the manner prescribed in this
      Section.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    8.2    No
      Waivers; Remedies Cumulative.
      No
      failure or delay by a party in exercising any right, power or privilege
      hereunder shall operate as a waiver thereof, nor shall any single or partial
      exercise thereof preclude any other or further exercise thereof or the exercise
      of any other right, power or privilege. The rights and remedies provided herein
      shall be cumulative and not exclusive of any rights or remedies provided by
      law.

     

    8.3    Amendments
      and Waivers.
      Any
      provision of this Agreement may be amended or waived if, but only if, such
      amendment or waiver is in writing and is signed by Borrower and Lender and
      such
      amendment is approved by the Board of Directors of Borrower. 

     

    8.4    Successors
      and Assigns.
      Borrower may not assign its right or duties hereunder without the prior written
      consent of Lender, which consent Lender may deny, withhold or delay in its
      sole
      and absolute discretion.

     

    8.5    Governing
      Law.
      This
      Agreement has been made and entered into in the State of California and shall
      be
      construed in accordance with the laws of the State of California without giving
      effect to the principles of conflicts of law thereof. 

     

    8.6    Prior
      Understandings.
      This
      Agreement supersedes all prior understandings and agreements (whether written,
      oral or otherwise) pertaining to the subject matter hereof, and constitutes
      the
      entire agreement between the parties hereto relating to the subject matter
      hereof and the transactions provided for herein.

     

    8.7    Counterparts.
      This
      Agreement may be executed in any number of counterparts each of which shall
      be
      deemed an original and all of which shall constitute one and the same agreement
      with the same effect as if all parties had signed the same signature page.
      The
      parties shall accept facsimile signatures as the equivalent of original
      ones.

     

    8.8    Severability.
      If any
      provision of this Agreement or the application of such provision to any Person
      or circumstance will be held invalid, the remainder of this Agreement or the
      application of such provision to Persons or circumstances other than those
      to
      which it is held invalid will not be affected thereby.

     

    8.9    Additional
      Documents and Acts.
      Borrower shall execute and deliver such additional documents and instruments
      and
      shall perform such additional acts as may be necessary or appropriate to
      effectuate, carry out and perform all of the terms, provisions, and conditions
      of this Agreement and the transactions contemplated by this
      Agreement.

     

    8.10    Survival.
      All
      indemnities, rights, remedies, representations and warranties contained herein
      shall survive the expiration or termination of this Agreement, and no
      termination or expiration hereof shall relieve either party from liability
      for
      any breach of this Agreement.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed and delivered this Agreement to
      one
      another as of the date first above written.

     

    

    
      	
              LENDER:

            	
              /s/Ronald
                F.
                Valenta                       
                

              Ronald
                F. Valenta

               

            
	 	 
	
              BORROWER:

            	
              GENERAL
                FINANCE CORPORATION

               

               

              By:
                /s/John
                O.
                Johnson                                          
                

              John
                O. Johnson, Chief Operating
                Officer

            

    

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    AMENDED
      REVOLVING LINE OF CREDIT NOTE

     

    

    
      	
              Not
                to Exceed $2,000,000 in Principal

            	 	
              __________,
                2007

            

    

    

    For
      value
      received, the undersigned GENERAL
      FINANCE CORPORATION,
      a
      Delaware corporation (“Borrower”),
      promises to pay, in lawful money of the United States, to the order of
RONALD
      VALENTA,
      together with his successors and assigns (“Holder”),
      at
      such address as Holder may direct, the principal sum of Two Million Dollars
      ($2,000,000), or so much thereof as shall have been advanced and shall remain
      unpaid hereunder, together with interest from date of disbursement at the rate
      of 8% per annum (the “Interest
      Rate”).
      Interest shall be computed at the Interest Rate on the basis of the actual
      number of days during which the principal balance is outstanding, divided by
      365, which shall, for interest computation purposes, be considered one year.
      Notwithstanding anything to the contrary expressed or implied herein, all
      payments made by Borrower hereunder (including, without limitation, any
      prepayments) shall be applied first to accrued but unpaid interest and second
      to
      the reduction of the principal due hereunder. 

     

    This
      Note
      is delivered pursuant to, and is subject to all of the terms and conditions
      of,
      that certain Fourth Amended and Restated Revolving Line of Credit Agreement
      dated January 20, 2007 (as from time to time amended, the “Loan
      Agreement”)
      between Borrower and Ronald Valenta. Unless otherwise defined in this Note,
      capitalized terms used in this Note shall have the meanings ascribed to them
      in
      the Loan Agreement, and in the event of any conflict between the terms of this
      Note and the terms of the Loan Agreement, the terms of the Loan Agreement shall
      govern.

     

    1.    Maturity.    This
      Note
      shall mature and become due and payable upon the first to occur of the
      following:

     

    1.1    upon
      the
      occurrence of a Business Combination;

     

    1.2    upon
      declaration of Holder upon the occurrence of an Event of Default, as provided
      in
      Section 7.2
      of the
      Loan Agreement;

     

    1.3    upon
      the
      second anniversary of the effective date of the Registration
      Statement;

     

    1.4    upon
      the
      adoption of a resolution by the Board of Directors of Borrower authorizing
      or
      approving the dissolution and/or liquidation of Borrower; or

     

    1.5    upon
      demand of Holder at any time prior to the effectiveness of the Registration
      Statement.

     

    Notwithstanding
      the foregoing, if the Company completes a Public Offering and does not complete
      a Business Combination within the time periods set forth in its Certificate
      of
      Incorporation, and is therefore required to liquidate as provided in its
      Certificate of Incorporation, and needs cash to pay the reasonable costs and
      expenses in connection with the liquidation, this Note shall thereafter mature
      at such time as no further cash is needed for such purpose. 

     

    2.    Prepayment.
      This
      Note may be repaid in whole or in part at any time without penalty or premium.
      

     

    3.    Event
      of Default.
      Should
      an Event of Default (as defined in the Loan Agreement) occur, Lender shall
      have
      the rights set forth in Section 7
      of the
      Loan Agreement. 

     

    4.    Borrower’s
      Acknowledgement.
      Borrower acknowledges that Holder is extending the credit contemplated hereby
      solely as an accommodation to Borrower, and is willing to do so in reliance
      upon
      Borrower’s monetary and non-monetary covenants contained herein and in the Loan
      Agreement. 

     

    5.    Holder’s
      Acknowledgement.
      The
      Holder acknowledges and agrees that, as specified in Section 5 of the Loan
      Agreement, the Holder has limited recourse against Borrower for repayment of
      any
      and all amounts due and owing under this Note.

     

    6.    Miscellaneous.
      If this
      Note (or any payment due hereunder) is not paid when due, Borrower promises
      to
      pay all costs and expenses of collection and reasonable attorneys’ fees incurred
      by the Holder hereof on account of such collection, plus interest at the rate
      applicable to principal, whether or not suit is filed hereon. Borrower consents
      to renewals, replacements and extensions of time for payment hereof, before,
      at,
      or after maturity, consents to the acceptance, release or substitution of
      security for this Note, and waives demand and protest. The indebtedness
      evidenced hereby shall be payable in lawful money of the United States. In
      any
      action brought under or arising out of this Note, Borrower, including
      successor(s) or assign(s), hereby consents to the application of California
      law,
      to the jurisdiction of any competent court within the State of California,
      and
      to service of process by any means authorized by California law. No single
      or
      partial exercise of any power hereunder, or under any other Loan Document in
      connection herewith, shall preclude other or further exercises thereof or the
      exercise of any other such power.

     

    IN
      WITNESS WHEREOF, Borrower has executed and delivered this Note as of the date
      first above written.

     

    
      	 	 	 
	 	GENERAL
              FINANCE
              CORPORATION
	 
 	 
 	 
 
	 	By:  	 
	 	
              

            
	 	 

    

     

    
      
        
        

      

      
        2

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