Document:

EXHIBIT
      10.5

    

    GUARANTY

     

    THIS
      GUARANTY (with
      all
      of its modifications, supplements, restatements, extensions, and renewals in
      effect from time to time, this "Guaranty")
      dated
      as of May 1, 2008 ("Effective
      Date")
      is
      made by GENERAL
      FINANCE CORPORATION, a
      Delaware corporation ("GFN"),
      GFN
      U.S. AUSTRALASIA HOLDINGS, INC.,
      a
      Delaware corporation ("GFN
      US"),
      GFN
      AUSTRALASIA HOLDINGS PTY LTD,
      an
      Australian corporation ("GFN
      Holdings"),
      and
      such other entities which from time to time become parties hereto (individually
      a "Guarantor"
      and
      collectively, "Guarantors"),
      in
      favor of BISON
      CAPITAL AUSTRALIA, L.P.,
      a
      Delaware limited partnership ("Bison").

     

    RECITALS

     

    GFN
      AUSTRALASIA FINANCE PTY LTD,
      an
      Australian corporation (the
      "Company"),
      intends to deliver to Bison a Secured Senior Subordinated Promissory Note dated
      as of even date herewith (the “Note”)
      and to
      enter into that certain First Amendment to Securities Purchase Agreement dated
      as of even date herewith and that certain First Amendment to Shareholders
      Agreement dated as of even date herewith (collectively, the “Transactions”).
      Execution, delivery and performance of this Guaranty is one of the conditions
      to
      Bison's obligation to consummate the Transactions; and

     

    Company,
      GFN, GFN Holdings, GFN US and Bison entered into that certain Securities
      Purchase Agreement dated as of September 13, 2007 (the “Purchase
      Agreement”).

     

    AGREEMENT

     

    Accordingly,
      to induce Bison to enter into and consummate the Transactions, and for other
      valuable consideration, receipt of which is acknowledged, Guarantors covenant
      and agree as follows:

     

    1. All
      capitalized terms used in this Guaranty without separate definition shall have
      the meanings given to them in the Purchase Agreement.

     

    2. Guarantors
      jointly and severally, unconditionally and absolutely guarantee to Bison, and
      to
      Bison's successors and assigns, payment when due, whether by stated maturity,
      demand, acceleration or otherwise, of all existing and future indebtedness
      to
      Bison of the Company or any successor in interest, including, without
      limitation, any debtor-in-possession or trustee in bankruptcy which succeeds
      to
      the interest of this party or person (jointly and severally, "Obligor"),
      however this indebtedness has been or may be incurred or evidenced, whether
      absolute or contingent, direct or indirect, voluntary or involuntary, liquidated
      or unliquidated, joint or several, and whether or not known to any Guarantor
      at
      the time of this Guaranty or at the time any future indebtedness is incurred
      (the "Indebtedness").
      The
      Indebtedness guaranteed includes, without limitation: (a) any and all direct
      indebtedness of Obligor to Bison, including indebtedness evidenced by the Note
      and any and all other promissory notes; (b) any and all obligations or
      liabilities of Obligor to Bison arising under any guaranty where Obligor has
      guaranteed the payment of indebtedness owing to Bison from a third party; (c)
      any and all obligations or liabilities of Obligor to Bison arising out of any
      other agreement by Obligor including, without limitation, any agreement to
      indemnify Bison for environmental liability or to clean up hazardous waste;
      (d)
      any and all indebtedness, obligations or liabilities for which Obligor would
      otherwise be liable to Bison were it not for the invalidity, irregularity or
      unenforceability of them by reason of any bankruptcy, insolvency or other law
      or
      order of any kind, or for any other reason, including, without limitation,
      liability for interest and attorneys' fees on, or in connection with, any part
      of the Indebtedness from and after the filing by or against Obligor of a
      bankruptcy petition whether an involuntary or voluntary bankruptcy case,
      including, without limitation, all reasonable attorneys' fees and costs incurred
      in connection with motions for relief from stay, cash collateral motions,
      nondischargeability motions, preference liability motions, fraudulent conveyance
      liability motions, fraudulent transfer liability motions and all other motions
      brought by Obligor, any Guarantor, Bison or third parties in any way relating
      to
      Bison's rights with respect to any Obligor, any Guarantor, or any third party
      and/or affecting any collateral securing any obligation owed to Bison by
      Obligor, any Guarantor, or any third party, probate proceedings, on appeal
      or
      otherwise; (e) any and all amendments, modifications, renewals and/or
      extensions of any of the above, including, without limitation, amendments,
      modifications, renewals and/or extensions which are evidenced by new or
      additional instruments, documents or agreements; and (f) all costs of
      collecting Indebtedness, including, without limitation, reasonable attorneys'
      fees and costs. This Guaranty is a guaranty of prompt and punctual payment
      and
      performance and is not merely a guaranty of collection.

     

    
      
         

      

      
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    3. Guarantors
      waive notice of acceptance of this Guaranty and presentment, demand, protest,
      notice of protest, dishonor, notice of dishonor, notice of default, notice
      of
      intent to accelerate or demand payment of any Indebtedness, and diligence in
      collecting any Indebtedness, and agree that Bison may modify the terms of any
      Indebtedness, compromise, extend, increase, accelerate, renew or forbear to
      enforce payment on any or all Indebtedness, or permit Obligor to incur
      additional Indebtedness, all without notice to any Guarantor and without
      affecting in any manner the unconditional obligation of any Guarantor under
      this
      Guaranty. Guarantors further waive any and all other notices to which any
      Guarantor might otherwise be entitled. Guarantors acknowledge and agree that
      the
      liabilities created by this Guaranty are direct and are not conditioned upon
      pursuit by Bison of any remedy Bison may have against Obligor or any other
      person or any security. No invalidity, irregularity or unenforceability of
      any
      part or all of the Indebtedness or any documents evidencing the same, by reason
      of any bankruptcy, insolvency or other law or order of any kind or for any
      other
      reason, and no defense or setoff available at any time to Obligor, shall impair,
      affect or be a defense or setoff to the obligations of any Guarantor under
      this
      Guaranty.

     

    4. Guarantors
      deliver this Guaranty based solely on their independent investigation of the
      financial condition of Obligor and no Guarantor is relying on any information
      furnished by Bison. Guarantors assume full responsibility for obtaining any
      further information concerning Obligor's financial condition, the status of
      the
      Indebtedness or any other matter which Guarantor may deem necessary or
      appropriate from time to time. Guarantors waive any duty on the part of Bison,
      and agree that no Guarantor is relying upon nor expecting Bison to disclose
      to
      any Guarantor any fact now or later known by Bison, whether relating to the
      operations or condition of Obligor, the existence, liabilities or financial
      condition of any co-guarantor of the Indebtedness, the occurrence of any default
      with respect to the Indebtedness, or otherwise, notwithstanding any effect
      these
      facts may have upon any Guarantor's risk under this Guaranty or any Guarantor's
      rights against Obligor. Guarantors knowingly accept the full range of risk
      encompassed in this Guaranty, which risk includes without limit the possibility
      that Obligor may incur Indebtedness to Bison after the financial condition
      of
      Obligor, or its ability to pay its debts as they mature, has
      deteriorated.

    
       

      
        
           

        

        
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    5. Guarantors
      represent and warrant that: (a) Bison has made no representation to Guarantors
      as to the creditworthiness of Obligor; and (b) Guarantors have established
      adequate means of obtaining from Obligor on a continuing basis financial and
      other information pertaining to Obligor's financial condition. Guarantors agree
      to keep adequately informed of any facts, events or circumstances which might
      in
      any way affect the risks of Guarantors under this Guaranty.

     

    6. Each
      Guarantor grants to Bison (but not any assignee of Bison other than an Affiliate
      of Bison) a security interest in, and the right of setoff as to, any and all
      property of such Guarantor now or later in the possession of Bison or assignee
      that is an Affiliate of Bison). Each Guarantor subordinates any claim of any
      nature that such Guarantor now or later has against Obligor to and in favor
      of
      all Indebtedness and agrees not to accept payment or satisfaction of any claim
      that such Guarantor now or later may have against Obligor without the prior
      written consent of Bison. Should any payment, distribution, security, or
      proceeds be received by any Guarantor upon or with respect to any claim that
      such Guarantor now or may later have against Obligor, such Guarantor shall
      immediately deliver the same to Bison in the form received (except for
      endorsement or assignment by such Guarantor where required by Bison) for
      application on the Indebtedness, whether matured or unmatured, and until
      delivered the same shall be held in trust by such Guarantor as the property
      of
      Bison. For the avoidance of doubt, Guarantors shall not be required to deliver
      to Bison any payment, distribution, security or proceeds received by Guarantors
      in respect of any claim that Guarantors may have against Obligor to the extent
      receipt (and payment) of the same is expressly permitted under the Purchase
      Agreement or the Related Agreements. Each Guarantor further assigns to Bison
      as
      collateral for the obligations of Guarantors under this Guaranty all claims
      of
      any nature that such Guarantor now or later has against Obligor (other than
      any
      claim under a deed of trust or mortgage covering real property) with full right
      on the part of Bison, in its own name or in the name of such Guarantor, to
      collect and enforce these claims, until the Indebtedness is irrevocably paid
      in
      full.

     

    7. Guarantors
      agree that no security now or later held by Bison for the payment of any
      Indebtedness, whether from Obligor, any guarantor, or otherwise, and whether
      in
      the nature of a security interest, pledge, lien, assignment, setoff, suretyship,
      guaranty, indemnity, insurance or otherwise, shall affect in any manner the
      unconditional obligation of Guarantors under this Guaranty, and Bison, in its
      sole discretion, without notice to any Guarantor, may release, exchange, enforce
      and otherwise deal with any security without affecting in any manner the
      unconditional obligation of Guarantors under this Guaranty. Guarantors
      acknowledge and agree that Bison has no obligation to acquire or perfect any
      lien on or security interest in any asset(s), whether realty or personalty,
      to
      secure payment of the Indebtedness, and Guarantors are not relying upon any
      asset(s) in which Bison has or may have a lien or security interest for payment
      of the Indebtedness.

    
       

      
        
           

        

        
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    8. Guarantors
      acknowledge that the effectiveness of this Guaranty is not conditioned on all
      or
      any part of the Indebtedness being guaranteed by anyone else.

     

    9. Until
      the
      Indebtedness is irrevocably paid in full, Guarantors waive any and all rights
      to
      be subrogated to the position of Bison or to have the benefit of any lien,
      security interest or other guaranty now or later held by Bison for the
      Indebtedness or to enforce any remedy which Bison now or later has against
      Obligor or any other person. Until the Indebtedness is irrevocably paid in
      full,
      Guarantors shall have no right of reimbursement, indemnity, contribution or
      other right of recourse to or with respect to Obligor, each other Guarantor
      or
      any other person. Guarantors agree to indemnify and hold harmless Bison from
      and
      against any and all claims, actions, damages, costs and expenses, including,
      without limitation, reasonable attorneys' fees, incurred by Bison in connection
      with any Guarantor's exercise of any right of subrogation, contribution,
      indemnification or recourse with respect to this Guaranty. Bison has no duty
      to
      enforce or protect any rights which any Guarantor may have against Obligor
      or
      any other person and each Guarantor assumes full responsibility for enforcing
      and protecting these rights.

     

    10. Notwithstanding
      any provision of the preceding paragraph or anything else in this Guaranty
      to
      the contrary, if any Guarantor is or becomes an "insider"
      or
      "affiliate"
      (as
      defined in Section 101 of the Federal Bankruptcy Code, as it may be amended)
      with respect to Obligor, then that undersigned irrevocably and absolutely waives
      any and all rights of subrogation, contribution, indemnification, recourse,
      reimbursement and any similar rights against Obligor (or any other guarantor)
      with respect to this Guaranty, whether such rights arise under an express or
      implied contract or by operation of law unless and until the Indebtedness is
      irrevocably paid in full. It is the intention of the parties that such Guarantor
      shall not be (or be deemed to be) a "creditor"
      (as
      defined in Section 101 of the Federal Bankruptcy Code, as it may be amended)
      of
      Obligor (or any other guarantor) by reason of the existence of this Guaranty
      in
      the event that Obligor becomes a debtor in any proceeding under the Federal
      Bankruptcy Code. This waiver is given to induce Bison to enter into certain
      written contracts with Obligor included in the Indebtedness. Guarantors warrant
      and agree that none of Bison's rights, remedies or interests shall be directly
      or indirectly impaired because of any Guarantor's status as an "insider"
      or
      "affiliate"
      of
      Obligor, and each Guarantor shall take any action, and shall execute any
      document, which Bison may request in order to effectuate this warranty to
      Bison.

     

    11. If
      any
      Indebtedness is guaranteed by two or more Guarantors, the obligation of each
      Guarantor shall be several and also joint, each with all and also each with
      any
      one or more of the others, and may be enforced at the option of Bison against
      each severally, any two or more jointly, or some severally and some jointly.
      Bison, in its sole discretion, may release any one or more of Guarantors for
      any
      consideration which it deems adequate, and may fail or elect not to prove a
      claim against the estate of any bankrupt, insolvent, incompetent or deceased
      Guarantor; and after that, without notice to any other Guarantor, Bison may
      extend or renew any or all Indebtedness and may permit Obligor to incur
      additional Indebtedness, without affecting in any manner the unconditional
      obligation of the remaining Guarantors. This action by Bison shall not, however,
      be deemed to affect any right to contribution which may exist among the
      Guarantors.

    
       

      
        
           

        

        
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    12. In
      the
      event that, notwithstanding the waivers given herein, any Guarantor may lawfully
      terminate its obligation under this Guaranty as to future Indebtedness (except
      as provided below), such Guarantor may do so by (and only by) delivering written
      notice of termination to an officer of Bison and receiving from an officer
      of
      Bison written acknowledgement of delivery; provided, the termination shall
      not
      be effective until the opening of business on the fifth (5th) day following
      written acknowledgement of delivery. Any such termination shall not affect
      in
      any way the unconditional obligations of any other Guarantor, whether or not
      the
      termination is known to such remaining persons. Likewise, any such termination
      shall not affect in any way the unconditional obligations of the terminating
      Guarantor as to any Indebtedness existing at the effective date of termination
      or any Indebtedness created after that pursuant to any commitment or agreement
      of Bison or any Obligor loan with Bison existing at the effective date of
      termination (whether advances or readvances by Bison are optional or
      obligatory), or any modifications, extensions or renewals of any of this
      Indebtedness, whether in whole or in part, and as to all of this Indebtedness
      and modifications, extensions or renewals of it, this Guaranty shall continue
      effective until the same shall have been fully paid. Bison has no duty to give
      notice of termination by any Guarantor to any remaining Guarantor. Guarantors
      shall indemnify Bison against all claims, damages, costs and expenses,
      including, without limitation, reasonable attorneys' fees and costs, incurred
      by
      Bison in connection with any suit, claim or action against Bison arising out
      of
      any modification or termination of any Obligor loan or any refusal by Bison
      to
      extend additional credit in connection with the termination of this
      Guaranty.

     

    13. Notwithstanding
      any prior revocation, termination, surrender or discharge of this Guaranty
      (or
      of any lien, pledge or security interest securing this Guaranty) in whole or
      in
      part, the effectiveness of this Guaranty, and of all liens, pledges and security
      interests securing this Guaranty, shall automatically continue or be reinstated,
      as the case may be, in the event that (a) any payment received or credit given
      by Bison in respect of the Indebtedness is returned, disgorged or rescinded
      as a
      preference, impermissible setoff, fraudulent conveyance, diversion of trust
      funds, or otherwise under any applicable state or federal law, including,
      without limitation, laws pertaining to bankruptcy or insolvency, in which case
      this Guaranty, and all liens, pledges and security interests securing this
      Guaranty, shall be enforceable against Guarantors as if the returned, disgorged
      or rescinded payment or credit had not been received or given by Bison, and
      whether or not Bison relied upon this payment or credit or changed its position
      as a consequence of it; or (b) any liability is imposed, or sought to be
      imposed, against Bison relating to the environmental condition of, or the
      presence of hazardous or toxic substances on, in or about, any property given
      as
      collateral to Bison by Obligor, whether this condition is known or unknown,
      now
      exists or subsequently arises (excluding only conditions which arise after
      any
      acquisition by Bison of any such property, by foreclosure, in lieu of
      foreclosure or otherwise, to the extent due to the wrongful act or omission
      of
      Bison), in which case this Guaranty, and all liens, pledges and security
      interests securing this Guaranty, shall be enforceable against Guarantors to
      the
      extent of all liability, costs and expenses (including, without limitation,
      reasonable attorneys' fees and costs) incurred by Bison as the direct or
      indirect result of any environmental condition or hazardous or toxic substances.
      In the event of continuation or reinstatement of this Guaranty and the liens,
      pledges and security interests securing it, Guarantors agree upon demand by
      Bison to execute and deliver to Bison those documents which Bison reasonably
      determines are appropriate to further evidence (in the public records or
      otherwise) this continuation or reinstatement, although the failure of
      Guarantors to do so shall not affect in any way the reinstatement or
      continuation. If any Guarantor does not execute and deliver to Bison upon demand
      such documents, Bison and each Bison officer is irrevocably appointed (which
      appointment is coupled with an interest) the true and lawful attorney-in-fact
      of
      such Guarantor (with full power of substitution) to execute and deliver such
      documents in the name and on behalf of such Guarantor. For purposes of this
      Guaranty, "environmental
      condition"
      includes, without limitation, conditions existing with respect to the surface
      or
      ground water, drinking water supply, land surface or subsurface and the air;
      and
      "hazardous
      or toxic substances"
      shall
      include any and all substances now or subsequently determined by any federal,
      state or local authority to be hazardous or toxic, or otherwise regulated by
      any
      of these authorities.

    
       

      
        
           

        

        
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    14. Guarantors
      waive any right to require Bison to: (a) proceed against any person, including,
      without limitation, Obligor; (b) proceed against or exhaust any security held
      from Obligor or any other person; (c) pursue any other remedy in Bison's power;
      or (d) make any presentments or demands for performance, or give any notices
      of
      nonperformance, protests, notices of protest, or notices of dishonor in
      connection with any obligations or evidences of Indebtedness held by Bison
      as
      security, in connection with any other obligations or evidences of indebtedness
      which constitute in whole or in part Indebtedness, or in connection with the
      creation of new or additional Indebtedness.

     

    15. Guarantors
      authorize Bison, either before or after termination of this Guaranty as
      contemplated by Section 12,
      without
      notice to or demand on any Guarantor and without affecting any Guarantor's
      liability under this Guaranty, from time to time to: (a) apply any security
      and direct the order or manner of sale of it, including, without limitation,
      a
      nonjudicial sale permitted by or, if applicable, pursuant to the terms of the
      controlling security agreement, mortgage or deed of trust, as Bison in its
      discretion may determine; (b) release or substitute any one or more of the
      endorsers or any other guarantors of the Indebtedness; and (c) apply payments
      received by Bison from Obligor to any indebtedness of Obligor to Bison, in
      such
      order as Bison shall determine in its sole discretion, whether or not this
      indebtedness is covered by this Guaranty, and Guarantors waive any provision
      of
      law regarding application of payments which specifies otherwise. Bison may
      without notice assign this Guaranty in whole or in part. Upon Bison's request,
      each Guarantor agrees to provide to Bison copies of each Guarantor's financial
      statements as and when Obligor is required to provide copies of its financial
      statements under the terms of the Purchase Agreement.

     

    16. Guarantors
      waive any defense based upon or arising by reason of: (a) any disability or
      other defense of Obligor or any other person; (b) the cessation or limitation
      from any cause whatsoever, other than final and irrevocable payment in full
      of
      the Indebtedness; (c) any lack of authority of any officer, director, partner,
      agent or any other person acting or purporting to act on behalf of Obligor
      which
      is a corporation, partnership or other type of entity, or any defect in the
      formation of Obligor; (d) the application by Obligor of the proceeds of any
      Indebtedness for purposes other than the purposes represented by Obligor to
      Bison or intended or understood by Bison or any Guarantor; (e) any act or
      omission by Bison which directly or indirectly results in or aids the discharge
      of Obligor or any Indebtedness by operation of law or otherwise; or (f) any
      modification of the Indebtedness, in any form whatsoever including, without
      limitation, any modification made after effective termination, and including,
      without limitation, the renewal, extension, acceleration or other change in
      time
      for payment of any Indebtedness, or other change in the terms of the
      Indebtedness, including, without limitation, increase or decrease of the
      interest rate.

    
       

      
        
           

        

        
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    17. Guarantors
      waive any and all rights and provisions of California Code of Civil Procedure
      sections 580a, 580b, 580d and 726, including, but not limited to any provision
      thereof that: (i) may limit the time period for Bison to commence a lawsuit
      against Obligor or Guarantors to collect any Indebtedness owing by Obligor
      or
      Guarantors to Bison; (ii) may entitle Obligor or Guarantors to a judicial or
      nonjudicial determination of any deficiency owed by such Obligor or Guarantors
      to Bison, or to otherwise limit Bison's right to collect a deficiency based
      on
      the fair market value of such real property security; (iii) may limit Bison's
      right to collect a deficiency judgment after a sale of any real property
      securing the Indebtedness; (iv) may require Bison to take only one action to
      collect the Indebtedness or that may otherwise limit the remedies available
      to
      Bison to collect the Indebtedness. This waiver means, among other things: (i)
      Bison may collect from the Guarantors without first foreclosing on any real
      or
      personal property collateral pledged by the Obligor; and (ii) if Bison
      forecloses on any real property collateral pledged by the Obligor: (A) the
      amount of the Indebtedness may be reduced only by the price for which that
      collateral is sold at the foreclosure sale, even if the collateral is worth
      more
      than the sale price, and (B) Bison may collect from the Guarantors even if
      Bison, by foreclosing on the real property collateral, has destroyed any right
      the Guarantors may have to collect from the Obligor. This is an unconditional
      and irrevocable waiver of any rights and defenses the Guarantor may have because
      any of the Indebteness is secured by real property. These rights and defenses
      include, but are not limited to, any rights or defenses based upon Section
      580a,
      580b, 580d, or 726 of the California Code of Civil Procedure.

     

    Each
      Guarantor understands that, absent this waiver, Bison's election of remedies,
      including but not limited to its decision to proceed to nonjudicial foreclosure
      on any real property securing the Indebtedness, could preclude Bison from
      obtaining a deficiency judgment against Obligor and such Guarantor pursuant
      to
      California Code of Civil Procedure sections 580a, 580b, 580d or 726 and could
      also destroy any subrogation rights which such Guarantor has against Obligor.
      Each Guarantor further understands that, absent this waiver, California law,
      including, without limitation, California Code of Civil Procedure sections
      580a,
      580b, 580d or 726, could afford Guarantors one or more affirmative defenses
      to
      any action maintained by Bison against Guarantors on this Guaranty.

     

    18. Guarantors
      waive all rights and defenses arising out of an election of remedies by Bison
      even though that election of remedies, such as a nonjudicial foreclosure with
      respect to security for a guaranteed obligation, has destroyed the undersigned's
      rights of subrogation and reimbursement against Obligor by the operation of
      Section 580d of the Code of Civil Procedure or otherwise.

     

    19. WITHOUT
      LIMITING THE GENERALITY OF ANY OTHER WAIVER OR OTHER PROVISION SET FORTH IN
      THIS
      GUARANTY, EACH GUARANTOR HEREBY WAIVES, TO THE MAXIMUM EXTENT SUCH WAIVER IS
      PERMITTED BY LAW, ANY AND ALL BENEFITS, DEFENSES TO PAYMENT OR PERFORMANCE,
      OR
      ANY RIGHT TO PARTIAL OR COMPLETE EXONERATION ARISING DIRECTLY OR INDIRECTLY
      UNDER ANY ONE OR MORE OF CALIFORNIA CIVIL CODE SECTIONS 2787 TO 2855
INCLUSIVE,
      AND ALL SUCCESSOR SECTIONS.

    
       

      
        
           

        

        
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    20. Guarantors
      acknowledge and agree that this is a knowing and informed waiver of Guarantors'
      rights as discussed above and that Bison is relying on this waiver in extending
      credit to Obligor.

     

    21. Subject
      to the limitations and requirements set forth in the Purchase Agreement,
      Guarantors acknowledge that Bison has the right to sell, assign, transfer,
      negotiate, or grant participations in all or any part of the Indebtedness and
      any related obligations, including, without limitation, this Guaranty. In
      connection with that right, Bison may disclose any documents and information
      which Bison now or later acquires relating to any Guarantor and this Guaranty,
      whether furnished by Obligor, any Guarantor or otherwise. Guarantors further
      agree that Bison may disclose these documents and information to Obligor.
      Guarantors agree that Bison may provide information relating to this Guaranty
      or
      to such Guarantors to Bison's parent, affiliates, subsidiaries and service
      providers. All disclosures permitted under this Section shall be made subject
      to
      arrangements or agreements to hold such documents and information in confidence
      except for any disclosure required by law or regulation.

     

    22. The
      total
      obligation under this Guaranty shall be unlimited, and this obligation shall
      include any and all costs and expenses of any kind, including, without
      limitation, reasonable attorneys' fees and costs, incurred by Bison at any
      time(s) for any reason in enforcing any of the duties and obligations of any
      Guarantor under this Guaranty or otherwise incurred by Bison in any way
      connected with this Guaranty, the Indebtedness or any other guaranty of the
      Indebtedness (including, without limitation, reasonable attorneys' fees and
      other expenses incurred in any suit involving the conduct of Bison, Obligor
      or
      any Guarantor). All of these costs and expenses shall be payable immediately
      by
      Guarantors when incurred by Bison, without demand, and until paid shall bear
      interest at the highest per annum rate applicable to any of the Indebtedness,
      but not in excess of the maximum rate permitted by law. Any reference in this
      Guaranty to attorneys' fees shall be deemed a reference to fees, charges, costs
      and expenses of both in-house and outside counsel and paralegals, whether or
      not
      a suit or action is instituted, and to court costs if a suit or action is
      instituted, and whether attorneys' fees or court costs are incurred at the
      trial
      court level, on appeal, in a bankruptcy, administrative or probate proceeding
      or
      otherwise. Any reference (a) to this Guaranty being secured by certain
      collateral shall not be deemed to limit the total obligation of any Guarantor
      under this Guaranty or (b) to this Guaranty being limited in any respect shall
      not be deemed to limit the total obligation of any Guarantor under any prior
      or
      subsequent guaranty given by any Guarantor to Bison.

     

    23. Guarantors
      unconditionally and irrevocably waive each and every defense and setoff of
      any
      nature which, under principles of guaranty or otherwise, would operate to impair
      or diminish in any way the obligation of any Guarantor under this Guaranty,
      and
      acknowledge that each such waiver is by this reference incorporated into each
      security agreement, collateral assignment, pledge and/or other document from
      any
      Guarantor now or later securing this Guaranty and/or the Indebtedness, and
      acknowledge that as of the date of this Guaranty no such defense or setoff
      exists. Guarantors acknowledge that the effectiveness of this Guaranty is
      subject to no conditions of any kind.

    
       

      
        
           

        

        
          -8-

          
            

          

        

        
           

        

      

    

     

    24. This
      Guaranty shall remain effective with respect to successive transactions which
      shall either continue the Indebtedness, increase or decrease it, or from time
      to
      time create new Indebtedness after all or any prior Indebtedness has been
      satisfied, until this Guaranty is terminated in the manner and to the extent
      provided above.

     

    25. Guarantors
      warrant and agree that each of the waivers set forth above are made with each
      Guarantor's full knowledge of their significance and consequences, and that
      under the circumstances, the waivers are reasonable and not contrary to public
      policy or law. If any of these waivers are determined to be contrary to any
      applicable law or public policy by a court of competent jurisdiction by final
      and nonappealable judgment, these waivers shall be effective only to the extent
      permitted by law.

     

    26. This
      Guaranty, together with the Purchase Agreement and the other Related Agreements,
      contain the entire agreement of the parties with respect to the subject matter
      hereof, and supersede all prior agreements, representation and warranties,
      written or oral, with respect thereto.

     

    27. No
      waiver, consent, modification or change of the terms of this Guaranty shall
      bind
      any Guarantor or Bison unless in writing and signed by the waiving party or
      an
      authorized officer of the waiving party, and then this waiver, consent,
      modification or change shall be effective only in the specific instance and
      for
      the specific purpose given. This Guaranty shall inure to the benefit of Bison
      and its successors and assigns. This Guaranty shall be binding on each Guarantor
      and such Guarantor's successors and assigns including, without limitation,
      any
      debtor in possession or trustee in bankruptcy for any Guarantor. Guarantors
      have
      knowingly and voluntarily entered into this Guaranty in good faith for the
      purpose of inducing Bison to extend credit or make other financial
      accommodations to Obligor, and Guarantors acknowledge that the terms of this
      Guaranty are reasonable. If any provision of this Guaranty is unenforceable
      in
      whole or in part for any reason, the remaining provisions shall continue to
      be
      effective.

     

    28. This
      Guaranty may be executed in two or more counterparts and by facsimile, each
      of
      which shall be deemed an original, but all of which together shall constitute
      one instrument.

     

    29. Governing
      Law.
      THIS
      GUARANTY SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH
      THE
      INTERNAL LAWS OF THE STATE OF CALIFORNIA APPLICABLE
      TO CONTRACTS MADE AND PERFORMED IN THAT STATE (WITHOUT REGARD TO THE CHOICE
      OF
      LAW OR CONFLICTS OF LAW PROVISIONS THEREOF).

     

    30. Jurisdiction,
      Etc.

     

    (a) Each
      of
      the parties hereby consents and agrees that all actions, suits or other
      proceedings arising under or in connection with this Guaranty shall be tried
      and
      litigated in state or federal courts located in Los Angeles, California, which
      courts shall have exclusive jurisdiction to hear and determine any and all
      claims, controversies and disputes arising out of or related to this Guaranty.
      Notwithstanding the foregoing, nothing contained in this Section shall preclude
      Bison from bringing any action, suit or other proceeding in the courts of any
      other location to enforce its rights hereunder.

    
       

      
        
           

        

        
          -9-

          
            

          

        

        
           

        

      

    

     

    (b) Each
      of
      the parties hereby (i) irrevocably submits to the jurisdiction of any such
      court
      and consents in advance to such jurisdiction in any action, suit or other
      proceeding commenced in any such court, (ii) waives any right it may have to
      assert the doctrine of forum
      non conveniens
      or any
      objection that such person may have based upon lack of personal jurisdiction
      or
      improper venue, and (iii) consents to the granting of such legal or equitable
      relief as is deemed appropriate by such court. Each of the parties hereby waives
      personal service of the summons, complaint or other process issued in any such
      action, suit or other proceeding and agrees that service of such summons,
      complaint and other process may be made by registered or certified mail
      addressed to such party at the address set forth in the Purchase Agreement
      and
      that service so made shall be deemed completed upon the earlier of such person's
      actual receipt thereof or five (5) days after deposit in the United States
      mail,
      proper postage prepaid.

     

    (c) To
      the
      extent permitted under the applicable laws of any such jurisdiction, the
      Guarantors hereby waive, in respect of any such action, suit or other
      proceeding, the jurisdiction of any other court or courts that now or hereafter,
      by reason of such person's present or future domicile, or otherwise, may be
      available to it.

     

    [Signature
      Page Follows]

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, each Guarantor has executed and delivered this Guaranty as
      of
      the day and year first written above.

     

    
      	
              General Finance Corporation,

              a Delaware corporation

            
	 	 
	
              By:

            	 
	
              Name:

            	
              John O. Johnson

            
	
              Title

            	
              Chief Operating Officer

            
	 	 
	
              GFN U.S. Australasia Holdings, Inc.,

              a Delaware corporation

            
	 	 
	
              By:

            	 
	
              Name:

            	
              John O.
                Johnson

            
	
              Title

            	
              Director

            
	 	 
	
              GFN Australasia Holdings Pty Ltd,

              an Australian corporation

            
	 	 
	
              By:

            	 
	
              Name:

            	 
	
              Title

            	 

    

    
      
         

      

      
        -11-EXHIBIT
      10.6

     

    STOCK
      PLEDGE AGREEMENT

     

    THIS
      STOCK PLEDGE AGREEMENT (as amended from time to time, this "Pledge
      Agreement")
      dated
      as of May 1, 2008 is made by (i) GFN AUSTRALASIA FINANCE PTY LTD, an Australian
      corporation ("Company"),
      and
      (ii) the Subsidiaries of the Company that may from time to time become party
      hereto (Company and its present and future Subsidiaries are collectively
      referred to as the "Grantors")
      in
      favor of BISON CAPITAL EQUITY PARTNERS II, L.P., a Delaware limited partnership
      ("Purchaser").

     

    R
      E C I T
      A L S

     

      WHEREAS,
      Company intends to deliver to Purchaser a Secured Senior Subordinated Promissory
      Note dated as of even date herewith (the “Note”)
      and to
      enter into that certain First Amendment to Securities Purchase Agreement dated
      as of even date herewith and that certain First Amendment to Shareholders
      Agreement dated as of even date herewith (collectively, the “Transactions”).
      Execution, delivery and performance of this Agreement is one of the conditions
      to Bison's obligation to consummate the Transactions; 

     

    WHEREAS,
      Company, Purchaser and the Grantors entered into that certain Securities
      Purchase Agreement dated as of September 13, 2007 (the “Purchase
      Agreement”);

     

    WHEREAS,
      in order to induce Purchaser to enter into the Purchase Agreement and the
      Related Agreements (as defined in the Purchase Agreement) and to induce
      Purchaser to enter into the transactions contemplated thereby, each Grantor
      has
      agreed to grant a continuing Lien on the Pledged Collateral (as hereinafter
      defined) to secure the Obligations to Purchaser (as hereinafter
      defined).

     

    A
      G R E E
      M E N T

     

    NOW,
      THEREFORE, in consideration of the above recitals and for other good and
      valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, the parties hereby agree as follows:

     

    1. DEFINITIONS
      AND INTERPRETATION.
      Unless
      otherwise defined herein, all capitalized terms used herein and defined in
      the
      Purchase Agreement shall have the respective meanings given to those terms
      in
      the Purchase Agreement, and all terms defined in the California Uniform
      Commercial Code (the "UCC")
      shall
      have the respective meanings given to those terms in the UCC.

     

    2. THE
      PLEDGE.
      To
      secure
      the Obligations as defined in Section 3 hereof, each Grantor hereby
      irrevocably assigns, transfers and pledges to Purchaser a security interest
      in,
      all of each Grantor's right, title and interest, whether now existing or
      hereafter arising in all instruments, certificated and uncertificated
      securities, money and general intangibles of, relating to or arising from the
      following property (the "Pledged
      Collateral"):

     

    (a) The
      securities of each Grantor listed on Schedule
      1
      hereto,
      which securities are more particularly described on Schedule
      1
      hereto
      (the "Pledged
      Securities");

     

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

     

    (b) All
      dividends (including cash dividends), other distributions (including redemption
      proceeds) or other property, securities or instruments in respect of or in
      exchange for
      the
      Pledged Securities, whether by way of dividends, stock dividends,
      recapitalizations, mergers, consolidations,
      split-ups, combinations or exchanges of shares or otherwise; and

     

    (c) All
      proceeds
      of the
      foregoing ("Proceeds").

     

    3. SECURITY
      FOR OBLIGATIONS.
      The
      obligations secured by this Pledge Agreement (the "Obligations")
      shall
      mean the "Obligations to Purchaser", as defined in the Purchase
      Agreement.

     

    4. DELIVERY
      OF PLEDGED COLLATERAL.
      The
      pledge hereunder shall be accomplished by an Assignment Separate From
      Certificate, duly executed in blank, in the form attached hereto as Exhibit
      A,
      and
      such pledge shall serve as security for the performance of all Company's
      obligations set forth in the Purchase Agreement, the Note and in this Pledge
      Agreement. Upon or at any time after the existence or occurrence of, and during
      the continuation of, an Event of Default, Company hereby appoints Purchaser
      as
      attorney-in-fact to arrange at Purchaser's option for the transfer of the
      Pledged Collateral to the name of Purchaser or to the name of Purchaser's
      nominee.

     

    5. JURISDICTION
      OF ORGANIZATION.
      Each
      Grantor's name as it appears in official filings in the state of its
      incorporation or other organization, the type of entity of each Grantor
      (including corporation, partnership, limited partnership or limited liability
      company), organizational identification number issued by each Grantor's state
      of
      incorporation or organization or a statement that no such number has been issued
      and each Grantor's state of organization or incorporation, are set forth in
      Schedule 2
      hereto.
      Each Grantor has only one state of incorporation or organization. The Grantors
      may amend Schedule
      2
      in
      connection with and pursuant to certain transactions permitted by the Purchase
      Agreement.

     

    6. FURTHER
      ASSURANCES.
      Company
      agrees that at any time and from time to time, at Company's expense, Company
      will promptly execute and deliver all further instruments and documents,
      including without limitation all additional Pledged Securities, and take all
      further action, that may be necessary or desirable, or that Purchaser may
      reasonably request, in order to perfect and protect any security interest
      granted or purported to be granted hereby or to enable Purchaser to exercise
      and
      enforce its rights and remedies hereunder with respect to any Pledged
      Collateral.

     

    7. EVENTS
      OF DEFAULT; REMEDIES. Each
      Grantor shall be in default under this Pledge Agreement upon the happening
      of
      any of the following events or conditions (each, an "Event
      of Default"):
      (i) any of the Grantors breaches any of its representations, warranties,
      covenants, agreements or obligations hereunder; (ii) an Event of Default
      (as defined in the Purchase Agreement) occurs under the Purchase Agreement
      or
      any of the Related Agreements; (iii) any event which results in the
      acceleration of the maturity in the indebtedness of any of the Grantors to
      others under any indenture, agreement or undertaking; (iv) dissolution,
      termination of existence, insolvency, business failure, appointment of a
      receiver of any part of the property of, assignment for the benefit of creditors
      by, or the commencement of any proceeding under any bankruptcy or insolvency
      laws by or against any of the Grantors; (v) sale
      (except as provided herein or in the Purchase Agreement or Related Agreements)
      or attempted sale of any of the Collateral, or (vi) Purchaser's security
      interest in the Collateral is not, or is asserted not to be, a valid, perfected
      and continuing security interest..

    
       

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

       

    

    (a) Rights
      Under the UCC.
      In
      addition to all other rights granted hereby, and otherwise by law, Purchaser
      shall have, with respect to the Pledged Collateral, the rights and obligations
      of a secured party under the UCC.

     

    (b) Sale
      of Pledged Collateral.
      Company
      acknowledges and recognizes that Purchaser may be unable to effect a public
      sale
      of all or a part of the Pledged Securities and may be compelled to resort to
      one
      or more private sales to a restricted group of purchasers who will be obligated
      to agree, among other things, to acquire the Pledged Securities for their own
      account, for investment and not with a view to the distribution or resale
      thereof. Company acknowledges that any such private sales may be at prices
      and
      on terms less favorable to Purchaser than those of public sales, and agrees
      that
      so long as such sales are made in good faith such private sales shall be deemed
      to have been made in a commercially reasonable manner and that Purchaser has
      no
      obligation to delay sale of any Pledged Securities to permit the issuer thereof
      to register it for public sale under the Securities Act of 1933, as amended
      or
      under any state securities law.

     

    (c) Notice,
      Etc.
      In any
      case where notice of sale is required, two days' notice shall be deemed
      reasonable notice. Purchaser may look to the Pledged Collateral or any portion
      thereof with no requirement on the part of Purchaser to proceed first against
      any other Person or property.

     

    (d) Other
      Remedies.
      Upon
      the occurrence and during the continuance of an Event of Default, (i) at
      the request of Purchaser, Company shall assemble and make available to Purchaser
      all records relating to the Pledged Securities at any place or places specified
      by Purchaser, together with such other information as Purchaser shall request
      concerning Company's ownership of the Pledged Securities and relationship to
      Grantor; and (ii) Purchaser or its nominee shall have the right, but shall
      not be obligated, to vote or give consent with respect to the Pledged Securities
      or any part thereof. Nothing herein shall limit Purchaser's remedies under
      the
      Purchase Agreement or any Related Agreement.

     

    8. VOTING
      RIGHTS; DIVIDENDS; ETC.

     

    (a) Rights
      Prior to an Event of Default.
      So long
      as no Event of Default shall have occurred and be continuing:

     

    (i) Company
      shall be entitled to exercise any and all voting and other consensual rights
      pertaining to the Pledged Securities or any part thereof for any purpose not
      inconsistent with the terms of this Pledge Agreement.

     

    (ii) Company
      shall be entitled to receive and retain free and clear of the security interest
      of Purchaser hereunder any and all dividends and interest paid in respect of
      the
      Pledged Securities; provided,
      however,
      that
      any and all of the following shall delivered to Purchaser to hold as, Pledged
      Collateral and shall, if received by Company, be received in trust for the
      benefit of Purchaser, be segregated from the other property or funds of Company
      and be forthwith delivered to Purchaser as Pledged Collateral in the same form
      as so received (with any necessary endorsement) to be held as part of the
      Pledged Collateral: (A) dividends and interest paid or payable other than
      in cash in respect of, and instruments and other property received, receivable
      or otherwise distributed in respect of, or in exchange for, any Pledged
      Securities, (B) dividends and other distributions paid or payable in cash
      in respect of any Pledged Securities in connection with a partial or total
      liquidation or dissolution or in connection with a reduction of capital, capital
      surplus or paid-in-surplus, and (C) cash paid, payable or otherwise
      distributed in respect of principal of, or in redemption of, or in exchange
      for,
      any Pledged Securities.

    
       

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

    

     

    (b) Rights
      Following an Event of Default.
      Upon
      the occurrence and during the continuance of an Event of Default:

     

    (i) All
      rights of Company to exercise the voting and other consensual rights which
      it
      would otherwise be entitled to exercise pursuant to Section
      8(a)(i)
      and to
      receive the dividends and interest payments which it would otherwise be
      authorized to receive and retain pursuant to Section
      8(a)(ii)
      shall
      cease and all such rights shall thereupon become vested in Purchaser which
      shall
      thereupon have the sole right, but not the obligation, to exercise such voting
      and other consensual rights and to receive and hold as Pledged Collateral such
      dividends and interest payments.

     

    (ii) All
      dividends and interest payments which are received by Company contrary to the
      provisions of Section
      8(b)(i)
      shall be
      received in trust for the benefit of Purchaser, shall be segregated from other
      funds of Company and shall be forthwith delivered to Purchaser as Pledged
      Collateral in the same form as so received (with any necessary
      endorsement).

     

    9. PURCHASER
      APPOINTED ATTORNEY-IN-FACT.

     

    (a) Each
      Grantor hereby appoints Purchaser and its designee as such Grantor's
      attorney-in-fact, with full authority in the place and stead of such Grantor
      and
      in the name of Grantor or otherwise, from time to time in Purchaser's discretion
      and to the full extent permitted by law to take any action and to execute any
      instrument which Purchaser may deem reasonably necessary or advisable to
      accomplish the purposes of this Pledge Agreement in accordance with the terms
      and provisions hereof, including, without
      limitation, to receive, endorse and collect all instruments made payable to
      Purchaser representing any dividend, interest payment or other distribution
      in
      respect of the Pledged Collateral or any part thereof and to give full discharge
      for the same.

     

    (b) Each
      Grantor ratifies and approves all acts of such attorney-in-fact. Neither
      Purchaser nor its attorneys-in-fact will be liable for any acts or omissions
      or
      for any error of judgment or mistake of fact or law except for their
      gross
      negligence or willful misconduct.
      This
      power of attorney is a power coupled with an interest and shall be irrevocable
      until the Purchase Agreement has been terminated and all Obligations to
      Purchaser have been fully satisfied. The powers conferred on Purchaser hereunder
      are solely to protect Purchaser's interests in the Pledged Collateral and shall
      not impose any duty upon Purchaser to exercise any such powers.

    
       

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

       

    

    10. MISCELLANEOUS.

     

    (a) Reinstatement.
      This
      Pledge Agreement shall remain in full force and effect and continue to be
      effective should any petition be filed by or against any Grantor for liquidation
      or reorganization, should such Grantor become insolvent or make an assignment
      for the benefit of any creditor or creditors or should a receiver or trustee
      be
      appointed for all or any significant part of such Grantor's assets, and shall
      continue to be effective or be reinstated, as the case may be, if at any time
      payment and performance of the Obligations to Purchaser, or any part thereof,
      is, pursuant to applicable law, rescinded or reduced in amount, or must
      otherwise be restored or returned by any obligee of the Obligations to
      Purchaser, whether as a voidable preference, fraudulent conveyance, or
      otherwise, all as though such payment or performance had not been made. In
      the
      event that any payment, or any part thereof, is rescinded, reduced, restored
      or
      returned, the Obligations to Purchaser shall be reinstated and deemed reduced
      only by such amount paid and not so rescinded, reduced, restored or
      returned.

     

    (b) Notices.
      Except
      as otherwise provided herein, whenever it is provided herein that any notice,
      demand, request, consent, approval, declaration or other communication shall
      or
      may be given to or served upon any of the parties
      by any
      other party, or whenever any of the parties desires to give and serve upon
      any
      other party any communication with respect to this Pledge Agreement, each such
      notice, demand, request, consent, approval, declaration or other communication
      shall be in writing and shall be given in the manner, and deemed received,
      as
      provided for in the Purchase Agreement.

     

    (c) Severability.
      Whenever possible, each provision of this Pledge Agreement shall be interpreted
      in a manner as to be effective and valid under applicable law, but if any
      provision of this Pledge Agreement is prohibited
      by or
      invalid under applicable law, such provision shall be ineffective to the extent
      of such prohibition or invalidity without invalidating the remainder of such
      provision or the remaining provisions of this Pledge Agreement. This Pledge
      Agreement is to be read, construed and applied together with the Purchase
      Agreement and the Related Agreements which, taken together, set forth the
      complete understanding and agreement of Purchaser and each Grantor with respect
      to the matters referred to herein and therein.

     

    (d) No
      Waiver; Cumulative Remedies.
      Neither
      Purchaser nor any of the Grantors shall by any act, delay, omission or otherwise
      be deemed to have waived any of its rights or remedies hereunder, and no waiver
      shall be valid unless in writing, signed by the waiving party and then only
      to
      the extent set forth therein. A waiver by the Purchaser or any Grantors of
      any
      right or remedy hereunder on any one occasion shall not be construed as a bar
      to
      any right or remedy which the waiving party would otherwise have had on any
      future occasion. No failure to exercise, nor any delay in exercising on the
      part
      of Purchaser or any of the Grantors, any right, power or privilege hereunder,
      shall operate as a waiver thereof, nor shall any single or partial exercise
      of
      any right, power or privilege hereunder preclude any other or future exercise
      thereof or the exercise of any other right, power or privilege. The rights
      and
      remedies hereunder provided are cumulative and may be exercised singly or
      concurrently, and are not exclusive of any rights and remedies provided by
      law.
      None of the terms or provisions of this Pledge Agreement may be waived, altered,
      modified or amended except by an instrument in writing, duly executed by
      Purchaser and each Grantor.

    
       

      
        
           

        

        
          -5-

          
            

          

        

        
           

        

      

       

    

    (e) Limitation
      by Law.
      All
      rights, remedies and powers provided in this Pledge Agreement may be exercised
      only to the extent that the exercise thereof does not violate any applicable
      provision of law, and all the provisions of this Pledge Agreement are intended
      to be subject to all applicable mandatory provisions of law that may be
      controlling and to be limited to the extent necessary so that they shall not
      render this Pledge Agreement invalid, unenforceable, in whole or in part,
      or not
      entitled to be recorded, registered or filed under the provisions of any
      applicable law.

     

    (f) Termination
      of this Agreement.
      Subject
      to Section 10(a),
      this
      Pledge Agreement shall terminate upon the indefeasible payment and
      performance in full in immediately available funds of all Obligations to
      Purchaser.

     

    (g) Successors
      and Assigns.
      This
      Pledge Agreement and all obligations of each Grantor hereunder shall be binding
      upon the successors and assigns of such Grantor (including any
      debtor-in-possession on behalf of such Grantor) and shall, together with the
      rights and remedies of Purchaser hereunder,
      inure
      to the benefit of Purchaser, all future holders of any instrument evidencing
      any
      of the Obligations to Purchaser and their respective successors and assigns.
      No
      sales of participations, other sales, assignments, transfers or other
      dispositions of any agreement governing or instrument evidencing the Obligations
      to Purchaser or any portion thereof or interest therein shall in any manner
      affect the Lien granted to Purchaser hereunder. No Grantor may assign, sell,
      hypothecate or otherwise transfer any interest in or obligation under this
      Pledge Agreement.

     

    (h) Counterparts.
      This
      Pledge Agreement may be executed in two or more counterparts and by facsimile,
      each of which shall be deemed an original, but all of which together shall
      constitute one instrument.

     

    (i) Governing
      Law.
      THIS
      PLEDGE AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE
      WITH THE INTERNAL LAWS OF THE STATE OF CALIFORNIA APPLICABLE
      TO CONTRACTS MADE AND PERFORMED IN THAT STATE (WITHOUT REGARD TO THE CHOICE
      OF
      LAW OR CONFLICTS OF LAW PROVISIONS THEREOF).

     

    (j) Jurisdiction,
      Etc.

     

    (i) Each
      of
      the parties hereby consents and agrees that all actions, suits or other
      proceedings arising under or in connection with this Pledge Agreement shall
      be
      tried and litigated in state or federal courts located in Los Angeles,
      California, which courts shall have exclusive jurisdiction to hear and determine
      any and all claims, controversies and disputes arising out of or related to
      this
      Pledge Agreement. Notwithstanding the foregoing, nothing contained in this
      Section shall preclude the Purchaser from bringing any action, suit or other
      proceeding in the courts of any other location to enforce its rights
      hereunder.

     

    (ii) Each
      of
      the parties hereby (A) irrevocably submits to the jurisdiction of any such
      court
      and consents in advance to such jurisdiction in any action, suit or other
      proceeding commenced in any such court, (B) waives any right it may have to
      assert the doctrine of forum
      non conveniens
      or any
      objection that such person may have based upon lack of personal jurisdiction
      or
      improper venue, and (C) consents to the granting of such legal or equitable
      relief as is deemed appropriate by such court. Each of the parties hereby waives
      personal service of the summons, complaint or other process issued in any such
      action, suit or other proceeding and agrees that service of such summons,
      complaint and other process may be made by registered or certified mail
      addressed to such party at the address set forth in the Purchase Agreement
      and
      that service so made shall be deemed completed upon the earlier of such person's
      actual receipt thereof or five (5) days after deposit in the United States
      mail,
      proper postage prepaid.

    
       

      
        
           

        

        
          -6-

          
            

          

        

        
           

        

      

       

    

    (iii) To
      the
      extent permitted under the applicable laws of any such jurisdiction, the
      Guarantors hereby waive, in respect of any such action, suit or other
      proceeding, the jurisdiction of any other court or courts that now or hereafter,
      by reason of such person's present or future domicile, or otherwise, may be
      available to it.

     

    (k) Section
      Titles.
      The
      Section titles contained in this Pledge Agreement are and shall be without
      substantive
      meaning
      or content of any kind whatsoever and are not a part of the agreement between
      the parties hereto.

     

    (l) No
      Strict Construction.
      The
      parties hereto have participated jointly in the negotiation and drafting of
      this
      Pledge Agreement. In the event an ambiguity or question of intent or
      interpretation arises under any provision of this Pledge Agreement, this Pledge
      Agreement shall be construed as if drafted jointly by the parties hereto, and
      no
      presumption or burden of proof shall arise favoring or disfavoring any party
      by
      virtue of the authorship of any of the provisions of this Pledge
      Agreement.

     

    (m) Entire
      Agreement.
      This
      Pledge Agreement, together with the Purchase Agreement and the Related
      Agreements, contain
      the
      entire agreement of the parties with respect to the subject matter hereof,
      and
      supersede all prior agreements, representation and warranties, written or oral,
      with respect thereto.

     

    (n) Advice
      of Counsel.
      Each of
      the parties
      represents to each other party hereto that it has discussed this Pledge
      Agreement with its counsel.

     

    (o) Benefit
      of Purchaser.
      All
      Liens granted or contemplated hereby shall be for the benefit of Purchaser,
      and
      all proceeds or payments realized from Pledged Collateral in accordance herewith
      (including, without limitation,
      any
      amounts on deposit in a Payment Account, as defined in that certain Security
      Agreement dated as of even date herewith by and among the parties hereto) may
      either, at the sole discretion of Purchaser, (i) be deposited into a
      Payment Account or (ii) be applied to the Obligations to Purchaser in such
      order as Purchaser may elect, in its sole discretion.

     

    (p) Suretyship
      Waivers and Consents.

     

    (i) The
      obligations of each Grantor are independent of the obligations of each other
      Grantor. Each Grantor expressly waives any right to require Purchaser to proceed
      against any other Grantor, to proceed against or exhaust any Pledged Collateral
      or any other security for the Obligations to Purchaser or to pursue any remedy
      Purchaser may have at any time. Each Grantor agrees that Purchaser may proceed
      against any one or more Grantor and/or the Pledged Collateral in such order
      and
      manner as Purchaser shall determine in its sole and absolute discretion. A
      separate action or actions may be brought and prosecuted against any one or
      more
      Grantor whether an action is brought or prosecuted against any other Grantor
      or
      with respect to any Pledged Collateral or whether any other
      person
      shall be joined in any such action or actions. Each Grantor expressly waives
      the
      benefit of any statute of limitations affecting its liability under this Pledge
      Agreement or the enforcement of the Obligations to Purchaser or any rights
      of
      Purchaser created or granted under this Pledge Agreement or the Purchase
      Agreement. Purchaser's rights hereunder shall be reinstated and revived, and
      the
      obligations and liability of each Grantor hereunder shall continue, with respect
      to any amount at any time paid on account of the Obligations to Purchaser which
      thereafter shall be required to be restored or returned by Purchaser upon the
      bankruptcy, insolvency or reorganization of any Grantor, or otherwise, all
      as
      though such amount had not been paid.

    
       

      
        
           

        

        
          -7-

          
            

          

        

        
           

        

      

       

    

    (ii) Each
      Grantor expressly waives any and all suretyship defenses now or hereafter
      arising or asserted, including (A) any disability or other defense of any
      other Grantor or with respect to the Obligations to Purchaser; (B) the
      cessation for any cause whatsoever of liability of any of the other Grantor
      and
      (C) any act or omission of Purchaser or others that directly
      or
      indirectly results in or aids the discharge or release of any other Grantor
      or
      the Obligations to Purchaser or any Pledged Collateral or any guaranty therefor
      by operation of law or otherwise. Without limiting the generality of any other
      waiver or other provision set forth in this Agreement, each Grantor hereby
      waives, to the maximum extent such waiver is permitted by law, any and all
      benefits, defenses to payment or performance, or any right to partial or
      complete exoneration arising directly or indirectly under any one or more of
      California Civil Code Sections 2787 to 2855 inclusive, and all successor
      sections.

     

    (iii) Each
      Grantor agrees that any amounts received by Purchaser from whatever source
      on
      account of the Obligations to Purchaser may be applied by Purchaser toward
      the
      payment of such of the Obligations to Purchaser and in such order of application
      as Purchaser may from time to time elect; and notwithstanding any payments
      made
      by any Grantor, and, until Purchaser shall have been fully and finally paid,
      such Grantor shall have no right of subrogation, reimbursement, exoneration,
      indemnity, contribution or any other rights that would result in such Grantor
      being deemed a creditor of any other Grantor under the federal Bankruptcy Code
      or any other law or for any other purpose and such Grantor hereby irrevocably
      waives all such rights, the right to assert any such rights and any right to
      enforce any remedy which Purchaser now or may hereafter have against any Grantor
      and hereby waives any benefit of and any right to participate in, any security
      now or hereafter held by Purchaser, whether any of the foregoing rights arise
      in
      equity, at law or by contract.

     

    (iv) Each
      Grantor represents and warrants to Purchaser that it has established adequate
      means of obtaining from each other Grantor and their affiliates, on a continuing
      basis, financial and other information pertaining to the businesses, operations
      and condition (financial and otherwise) of each other Grantor, their affiliates
      and their properties, and each Grantor now is and hereafter will be completely
      familiar with the businesses, operations and condition (financial and otherwise)
      of each other Grantor, their affiliates and their
      properties. Each Grantor hereby expressly waives and relinquishes any duty
      on
      the part of Purchaser (should any such duty exist) to disclose to any Grantor
      any matter, fact or thing related to the businesses, operations or condition
      (financial or otherwise) of each Grantor, their affiliates or their properties,
      whether now known or hereafter known by Purchaser.

    
       

      
        
           

        

        
          -8-

          
            

          

        

        
           

        

      

       

    

    (v) Each
      Grantor represents and warrants that each of the waivers set forth herein are
      made with each Grantor's full knowledge of their significance and consequences,
      and that under the circumstances the waivers are reasonable and not contrary
      to
      public policy or law. If any of said waivers are determined to be contrary
      to
      any applicable law or public policy, such waivers shall be effective only to
      the
      maximum extent permitted by law.

     

    [Signature
      Page Follows]

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

     

    EXHIBIT
      10.6

     

    IN
      WITNESS WHEREOF,
      each of
      the parties hereto has caused this Pledge Agreement to be executed and delivered
      by its duly authorized officer as of the day and year first above
      written.

     

    
      	
              "Grantors"

            
	 
	
              GFN AUSTRALASIA FINANCE PTY LTD

            
	 	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            
	 	 
	
              "Purchaser"

            
	 
	
              BISON CAPITAL EQUITY PARTNERS II, L.P.

            
	 	 
	
              By:

            	 
	 	
              Name:

            
	 	
              Title:

            

    

     

    
      Signature
        Page to Stock

      Pledge
        Agreement

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      EXHIBIT
        10.6

    

     

    SCHEDULE
      1

    to

    STOCK
      PLEDGE AGREEMENT

    SHARES

     

    
      	
              Grantor

            	 	
              Certificate

              No.

            	 	
              Certificate

              Date

            	 	
              Registered Holder

            	 
	
              GFN
                Australasia Finance Pty

              Limited
                will pledge the shares

              of
                RWA Holdings Pty Limited,

              its
                subsidiary

            	 	 	 	 	 	 	 	 	
              GFN
                Australasia Finance Pty Limited

            	 

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      EXHIBIT
        10.6

    

     

    SCHEDULE
      2

    to

    STOCK
      PLEDGE AGREEMENT

    NAME;
      TYPE OF ENTITY; ORGANIZATIONAL IDENTIFICATION NO.; JURISDICTION OF INCORPORATION
      OR ORGANIZATION

     

    
      	
              Name

            	
               

            	
              Type
                of Entity

            	
               

            	
              Organizational

              Identification
                Number

              (if
                any)

            	
               

            	
              State
                of Organization

              or
                Incorporation

            	
               

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      EXHIBIT
        10.6

    

     

    EXHIBIT
      A

     

    ASSIGNMENT
      SEPARATE FROM CERTIFICATE

     

    FOR
      VALUE
      RECEIVED, the undersigned hereby assigns and transfers unto Bison Capital Equity
      Partners II, L.P., a Delaware limited partnership (the "Limited
      Partnership"),
      [______________]
      (______)
      shares of stock of [________________________________],
      standing in the undersigned's name on the books of said corporation represented
      by Certificate No. [________],
      and
      does hereby irrevocably constitute and appoint Bison Capital Equity Partners
      II,
      L.P. to transfer the stock on the books of the corporation with full power
      of
      substitution in the premises.

     

    Dated:
      [________________________]

     

    
      	
              By:

            	
              [
                _____________________________________________________]

            
	 	
              [
                _____________________________________________________ ]

            
	 	
              [Printed
                name and title]

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