Document:

<PAGE>

EXHIBIT 10.7

                               AMENDMENT NUMBER 4
                     TO AMENDED AND RESTATED LOAN AGREEMENT

                  THIS AMENDMENT NUMBER 4, dated as of March 5, 2003 (this
"Amendment") to the Amended and Restated Loan Agreement, dated as of July 19,
2001 (as previously amended or supplemented from time to time as permitted
thereby, the "Loan Agreement"), each among CRONOS FINANCE (BERMUDA) LIMITED, a
company organized and existing under the laws of the Islands of Bermuda (the
"Issuer"), FORTIS BANK (NEDERLAND) N.V. (f/k/a MeesPierson N.V.) ("Fortis"), a
Naamloze Vennootschap, as agent on behalf of the Noteholders (in such capacity,
the "Agent"), and Fortis, as the Noteholder (the "Initial Noteholder").

                              W I T N E S S E T H:

                  WHEREAS, the Issuer, the Agent and the Initial Noteholder have
previously entered into (i) the Loan Agreement, (ii) Amendment Number 1 thereto,
dated as of August 6, 2001, (iii) Amendment Number 2 thereto, dated as of
November 20, 2001, and (iv) Amendment Number 3 thereto, dated as of September
18, 2002;

                  WHEREAS, in connection with the sale of the Notes on the date
hereof, the parties desire to further amend the Loan Agreement in order to
modify certain provisions of the Loan Agreement;

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

                                                                          - E1 -

<PAGE>

EXHIBIT 10.7

                  SECTION 1. Defined Terms. Capitalized terms used in this
Amendment and not otherwise defined herein shall have the meanings assigned in
the Loan Agreement.

                  SECTION 2. Full Force and Effect. Other than as specifically
modified hereby, the Loan Agreement shall remain in full force and effect in
accordance with the terms and provisions thereof and is hereby ratified and
confirmed by the parties hereto.

                  SECTION 3. Amendment to the Loan Agreement. Effective upon the
date hereof, following the execution and delivery hereof,

                  (a)      The definition of "Asset Base" in Section 101 of the
                           Loan Agreement is hereby amended to read in its
                           entirety as follows:

                  " Asset Base: As of any date of determination, an amount equal
to the sum, without duplication:

                  (1)      the product of (x) sixty-seven percent (67%) and (y)
                           the sum of the Net Book Values (determined as of the
                           Effective Date or the last day of immediately
                           preceding Collection Period, as applicable) of all
                           Eligible Containers that are not subject to a Finance
                           Lease then owned by the Issuer that were purchased by
                           the Issuer in the ordinary course of its business at
                           any time prior to January 1, 2000,

                  (2)      the product of (x) eighty percent (80%) and (y) the
                           sum of the Net Book Values (determined as of the
                           Effective Date or the last day of the immediately
                           preceding Collection Period, as applicable) of all
                           Eligible Containers that are not subject to a Finance
                           Lease then owned by the Issuer that were purchased by
                           the Issuer in the ordinary course of its business at
                           any time on and after January 1, 2000,

                  (3)      the product of (x) eighty percent (80%) and (y) the
                           Aggregate Book Value of Net Finance Lease
                           Receivables,

plus, 100% of the amounts then on deposit in immediately available funds in the
Trust Account, plus, any amount then on deposit in immediately available funds
in the Restricted Cash Account

                                                                          - E2 -

<PAGE>

EXHIBIT 10.7

in excess of the Restricted Cash Account Requirement (such amounts to be
determined after giving effect to all withdrawals from and deposits to the Trust
Account and the Restricted Cash Account on such date). In determining the amount
set forth in clause (y) of numbered subparagraphs (1) and (2) above, the Net
Book Value of any Container that has been sold by the Issuer or that has
suffered a Casualty Event shall be equal to zero."; and

                  (b)      The Loan Agreement is hereby amended to include
Schedule 2 attached hereto as Schedule 2 to the Loan Agreement.

                  SECTION 4. Representations, Warranties and Covenants.

                  (a)      The Issuer hereby confirms that each of the
representations, warranties and covenants set forth in Articles V and VI of the
Loan Agreement are true and correct as of the date first written above with the
same effect as though each had been made as of such date, except to the extent
that any of such representations and warranties expressly relate to earlier
dates.

                  (b)      The Issuer hereby covenants that should this
Amendment cause the unpaid principal balances of all Notes then Outstanding to
exceed the Asset Base, the Issuer shall pay, or cause to be paid, the amount of
such excess and Breakage Costs (if any) to the Holders of the Notes, pro rata
based on the unpaid principal balances of such Notes, as provided in Section
203(d) of the Loan Agreement and Section 5(d) hereof.

                  SECTION 5. Effectiveness of Amendment; Terms of this
Amendment.

                  (a)      This Amendment shall become effective as of the date
                           first written above.

                  (b)      This Amendment shall be binding upon and inure to the
                           benefit of the parties hereto and their respective
                           successors and assigns.

                  (c)      On and after the execution and delivery hereof, (i)
                           this Amendment shall be a part of the Loan Agreement,
                           and (ii) each reference in the Loan Agreement to
                           "this Agreement" or "hereof", "hereunder" or words of
                           like import, and each reference in any other document
                           to the Loan Agreement

                                                                          - E3 -

<PAGE>

EXHIBIT 10.7

                           shall mean and be a reference to the Loan Agreement
                           as amended or modified hereby.

                  (d)      Each of the parties hereto agrees that any payment
                           required to be made pursuant to Section 203(d) of the
                           Loan Agreement as a result of this Amendment shall be
                           paid on March 7, 2003, notwithstanding anything to
                           the contrary set forth in the Loan Agreement.

                  SECTION 6. Execution in Counterparts. This Amendment may be
executed by the parties hereto in separate counterparts, each of which shall be
deemed to be an original and all of which shall constitute together but one and
the same agreement.

                  SECTION 7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO CONFLICT
OF LAW PRINCIPLES; PROVIDED THAT SECTION 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW SHALL APPLY, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF
THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK.

                  SECTION 8. No Novation. Notwithstanding that the Loan
Agreement is hereby amended by this Amendment as of the date hereof, nothing
contained herein shall be deemed to cause a novation or discharge of any
existing indebtedness of the Issuer under the original Loan Agreement that was
executed on July 19, 2001, as amended and supplemented to date, or the security
interest in the Collateral created thereby.

                            [Signature page follows.]

                                                                          - E4 -

<PAGE>

EXHIBIT 10.7

                  IN WITNESS WHEREOF, the parties hereto have executed and
delivered this Amendment on the date first above written.

                                      CRONOS FINANCE (BERMUDA) LIMITED

                                      By: /s/ PETER J. YOUNGER
                                         ----------------------

                                      Name: Peter J. Younger

                                      Title: Director

                                      FORTIS BANK (NEDERLAND) N.V., as Agent
                                      and Initial Noteholder

                                      By: /s/ P.R.G. ZAMAN

                                      Name: P.R.G. Zaman

                                      Title:__________________________________

                                      By: /s/ M.A.N. VAN LACUM
                                         -------------------------------------

                                      Name: M.A.N. van Lacum

                                      Title:__________________________________

                                                                          - E5 -

<PAGE>

EXHIBIT 10.7

                              HOLDER'S CERTIFICATE

                  By its signature below, the undersigned hereby (i) certifies
that it is the Holder (as defined in the Loan Agreement) of one hundred percent
(100%) of the Notes (as defined in the Loan Agreement) and (ii) consents to the
amendments set forth in this Amendment Number 4.

                                      FORTIS BANK (NEDERLAND) N.V., as
                                      Noteholder

                                      By: /s/ P.R.G. ZAMAN
                                         ------------------

                                      Name: P.R.G. Zaman

                                      Title:_______________________________

                                      By: /s/ M.A.N. VAN LACUM
                                         ----------------------------------

                                      Name: M.A.N. van Lacum

                                      Title:_______________________________

                                                                          - E6 -

<PAGE>

EXHIBIT 10.7

                                   SCHEDULE 2

                 SCHEDULED TARGETED PRINCIPAL BALANCE PERCENTAGE

                                                                          - E7 -

<PAGE>

EXHIBIT 10.9

                   AMENDMENT NUMBER 1 TO MANAGEMENT AGREEMENT

         THIS AMENDMENT NUMBER 1, dated as of March 7, 2003 (this "Amendment")
to the Management Agreement, dated as of September 18, 2002 (as amended,
modified or otherwise supplemented from time to time in accordance with the
terms thereof, the "Management Agreement"), each by and between CF LEASING LTD.,
a limited liability company organized and existing under the laws of Bermuda
(the "Borrower"), and CRONOS CONTAINERS (CAYMAN) LTD., a corporation organized
and existing under the laws of the Cayman Islands (the "Manager").

                              W I T N E S S E T H:

         WHEREAS, the Borrower and the Manager have previously entered into the
Management Agreement;

         WHEREAS, the parties desire to amend the Management Agreement in order
to modify certain provisions of the Management Agreement;

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

         SECTION 1. Defined Terms. Capitalized terms used in this Amendment and
not otherwise defined herein shall have the meanings assigned in the Management
Agreement and if not set forth therein, then in the Loan Agreement.

         SECTION 2. Full Force and Effect. Other than as specifically modified
hereby, the Management Agreement shall remain in full force and effect in
accordance with the terms and provisions thereof and is hereby ratified and
confirmed by the parties hereto.

         SECTION 3. Amendment to the Management Agreement. Effective on the date
hereof, following the execution and delivery hereof, the Management Agreement is
hereby as follows:

                  (a)      Section 3.1(a)(ix) of the Management Agreement is
                           hereby amended by inserting the following after the
                           semicolon (";") at the end thereof:

                                                                          - E7 -

<PAGE>

EXHIBIT 10.9

                                    "provided, however, that the Manager shall
                           not materially modify its credit policies with
                           respect to the leasing of the Managed Containers
                           without the prior written consent of the Agent and
                           each Lender;"

                  (b)      Section 6.1 of the Management Agreement is hereby
                           amended by inserting "and all Sales Proceeds (less
                           any related Disposition Fees)" immediately after the
                           phrase "Net Container Revenue Receipts".

                  (c)      Section 6.2 of the Management Agreement is hereby
                           amended by inserting "and all Sales Proceeds (less
                           any related Disposition Fees)" immediately after the
                           phrase "Net Container Revenue Receipts".

                  (d)      Section 7.7 of the Management Agreement is hereby
                           amended by inserting at the end of such Section the
                           following: "The Manager shall reimburse the Borrower,
                           the Agent and each Lender, as the case may be, for
                           all reasonable out-of-pocket costs and expenses of
                           such party for any inspections occurring during the
                           continuance of a Manager Default."

                  (e)      Article 7 of the Management Agreement is hereby
                           amended by inserting the following Section 7.17 after
                           Section 7.16:

                                    "7.17 The Manager will comply, in all
                           material respects, with all acts, rules, regulations,
                           orders, decrees and directions of any Governmental
                           Authority applicable to the Collateral or any part
                           thereof; provided, however, that the Manager may
                           contest any act, regulation, order, decree or
                           direction in any reasonable manner which shall not
                           materially and adversely affect the rights of the
                           Borrower, the Agent or any Lenders in the Collateral,
                           provided further that, with respect to any statutes
                           administered and the regulations promulgated by the
                           U.S. Treasury Department's Office of Foreign Assets
                           Control, the Manager shall comply as if Borrower were
                           subject to the laws of the United States."

                  (f)      Section 9.2 of the Management Agreement is hereby
                           amended to restate the second sentence of Section 9.2
                           to read as follows:

                                                                          - E8 -

<PAGE>

EXHIBIT 10.9

                                    "Such insurance shall cover physical damage
                           to the Managed Containers while on land, afloat, in
                           transit or at rest anywhere in the world and
                           liability for damage to person or property for limits
                           of at least $2 million per occurrence and $20 million
                           in aggregate."

                  (g)      Section 10.1(i) of the Management Agreement is hereby
                           amended to read in its entirety as follows:

                                    "(i) the receipt by the Manager of casualty
                           loss or insurance proceeds (if any) with respect to
                           such Managed Container following the destruction or
                           loss of such Managed Container by its Lessee or other
                           third party,"

                  (h)      Section 10.2(i) of the Management Agreement is hereby
                           amended to read in its entirety as follows:

                                    "with the prior written consent of the
                           Borrower, the Agent and the Majority Lenders, or"

                  (i)      Section 11.1(d) of the Management Agreement is hereby
                           amended by replacing the reference therein to
                           "Section 9" with "Section 11" and the reference
                           therein to "Noteholders" with "any Lender".

                  (j)      Section 11.1(e) of the Management Agreement is hereby
                           amended by replacing the reference therein to
                           "Noteholders" with "any Lender".

                  (k)      Section 11.1(o) of the Management Agreement is hereby
                           amended to read in its entirety as follows:

                                    "(o) The occurrence of an Event of Default
                           under the Loan Agreement;"

                  (l)      Section 11.1(q) of the Management Agreement is hereby
                           amended by deleting the word "or" at the end thereof.

                                                                          - E9 -<PAGE>

EXHIBIT 10.9

                  (m)      Section 11.1(r) of the Management Agreement is hereby
                           amended by replacing the reference therein to "1.05"
                           with "1.10" and by replacing the period (".") at the
                           end thereof with a comma (",").

                  (n)      Section 11.1 of the Management Agreement is hereby
                           further amended by adding the following paragraph (s)
                           and (t) immediately after paragraph (r) as follows:

                           "(s) a default by The Cronos Group or any Subsidiary
                           of The Cronos Group in the payment of any principal
                           or interest on any Indebtedness for borrowed money
                           which, individually or in the aggregate, exceeds Two
                           Million Dollars ($2,000,000) beyond the period of
                           grace, if any, specified therefor in the applicable
                           instrument evidencing such Indebtedness; or the
                           occurrence of any event or the existence of any
                           condition, the effect of which is to cause or permit
                           holders of debt more than Two Million Dollars
                           ($2,000,000), individually or in the aggregate, of
                           Indebtedness for borrowed money of The Cronos Group
                           or any Subsidiary thereof to become due before its
                           (or their) stated maturity date(s) or regularly
                           scheduled dates of payments and such event or
                           condition remains unremedied for more than sixty (60)
                           days; or"

                                    "(t) The Cronos Group shall fail to maintain
                           either of the following financial covenants as of the
                           end of any fiscal quater: (i) a minimum Debt Service
                           Coverage of 1.25 to 1.00 and (ii) a maximum
                           Consolidated Tangible Net Worth Leverage Ratio of
                           5.00 to 1.00."

                  (o)      Section 1 of the Management Agreement is hereby
                           amended by inserting the following definitions of
                           "CONSOLIDATED TANGIBLE NET WORTH LEVERAGE RATIO" and
                           "DEBT SERVICE COVERAGE" and:

                                    "'CONSOLIDATED TANGIBLE NET WORTH LEVERAGE
                           RATIO' for The Cronos Group, means the ratio of (i)
                           Total Liabilities to (ii) Consolidated Tangible Net
                           Worth."

                                    "'DEBT SERVICE COVERAGE' means, at the end
                           of each of the

                                                                         - E10 -

<PAGE>

EXHIBIT 10.9

                           four (4) immediately preceding fiscal quarters, the
                           ratio of (a) the consolidated net earnings for the
                           three (3) month period immediately preceding each
                           such quarter and (b) depreciation and amortization
                           for the three (3) month period immediately preceding
                           each such quarter and (c) non-cash charges
                           (including, but not limited to, deferred taxes) for
                           the three (3) month period immediately preceding each
                           such quarter less (d) non-cash income for the three
                           (3) month period immediately preceding each such
                           quarter, divided by (ii) the aggregate principal
                           portion of interest bearing consolidated fund
                           indebtedness of such Person due within the following
                           twelve (12) months, in each case as determined in
                           accordance with GAAP and as reported on the most
                           recently available quarterly financial statements of
                           The Cronos Group."

                  (p)      Section 11.2(iii) is hereby amended by replacing the
                           phrase "or any other Person designated by the Agent"
                           with "or any other Person designated by the Agent
                           with the written approval of the Majority Lenders".

                  (q)      The first sentence of Section 11.3.is hereby amended
                           by replacing the phrase "or any other Person
                           designated by the Agent" with "or any other Person
                           designated by the Agent with the written approval of
                           the Majority Lenders".

                  (r)      Section 11.5 is hereby amended to read in its
                           entirety as follows:

                                    "11.5 Manager, irrevocably and by way of
                           security to Borrower for the obligations of Manager
                           herein, appoints Agent to be its attorney-in-fact in
                           the event that Manager Default shall have occurred
                           and be continuing (with full power to appoint
                           substitutes and to delegate, including power to
                           authorize the Person so appointed to make further
                           appointments) on behalf of Manager and in its name or
                           otherwise to execute any document, with power to date
                           the same, and to give any notice and to do any act or
                           thing which Manager is obliged to execute or do,
                           under this Agreement or otherwise, and which Manager
                           fails to do after reasonable request therefor by
                           Borrower or Agent; and any person appointed as the
                           substitute or delegate of Agent shall, in connection
                           with the exercise of the said power of attorney, be

                                                                         - E11 -

<PAGE>

EXHIBIT 10.9

                           the agent of Manager. Manager hereby ratifies and
                           confirms and agrees to ratify and confirm whatever
                           any such attorney shall do or propose to do in the
                           exercise or purported exercise of all or any of the
                           powers, authorities and discretion referred to in
                           this paragraph."

                  (s)      Section 21.6 of the Management Agreement is hereby
                           amended by replacing the reference to "the Agent" in
                           the first sentence thereof with "the Agent at the
                           direction of the Majority Lenders".

         4.       Representations, Warranties and Covenants. The Manager hereby
confirms that each of the representations, warranties and covenants set forth in
Sections 14 and 20.1, and the Borrower hereby confirms that each of the
representations and warranties set forth in Section 20.2, of the Management
Agreement are true and correct as of the date first written above with the same
effect as though each had been made as of such date, except to the extent that
any of such representations, warranties and covenants expressly relate to
earlier dates.

         SECTION 5. Effectiveness of Amendment.

                  (a)      This Amendment shall become effective as of the date
         first written above.

                  (b)      This Amendment shall be binding upon and inure to the
         benefit of the parties hereto and their respective successors and
         assigns.

                  (c)      On and after the execution and delivery hereof, (i)
         this Amendment shall be a part of the Management Agreement, and (ii)
         each reference in the Management Agreement to "this Agreement" and
         "hereof", "hereunder" or words of like import, and each reference in
         any other document to the Management Agreement shall mean and be a
         reference to the Management Agreement as amended or modified hereby.

         SECTION 6. Execution in Counterparts. This Amendment may be executed by
the parties hereto in separate counterparts, each of which shall be deemed to be
an original and all of which shall constitute together but one and the same
agreement.

         SECTION 7. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT

                                                                         - E12 -

<PAGE>

EXHIBIT 10.9

REGARD TO CONFLICT OF LAW PRINCIPLES; PROVIDED THAT SECTIONS 5-1401 AND 5-1402
OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY, AND THE OBLIGATIONS, RIGHTS
AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK.

                            [Signature pages follow.]

                                                                         - E13 -

<PAGE>

EXHIBIT 10.9

                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed and delivered by their respective officers
thereunto duly authorized, all as of the day and year first above written.

                                    CF LEASING LTD.

                                    By: /s/ PETER J. YOUNGER
                                        ---------------------

                                    Name: Peter J. Younger
                                          ----------------

                                    Title: Director
                                           --------

                                    CRONOS CONTAINERS (CAYMAN) LTD., as Manager

                                    By: /s/  DENNIS J. TIETZ

                                    Name: Dennis J. Tietz
                                          -------------
                                    Title: Director
                                           ----------

The undersigned hereby consents to the
amendment of the Management Agreement:

FORTIS BANK (NEDERLAND) N.V., as Agent

By: /s/ P.R.G. ZAMAN
   ------------------

Name: P.R.G. Zaman

Title:

 By: /s/ M.A.N. VAN LACUM
    ---------------------

Name: M.A.N. van Lacum

                                                                         - E12 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00049-of-00352.parquet"}]]