Document:

EX-10.5

 Exhibit 10.5 

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

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

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

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

1. Contract Placement Fee. 

(a) In accordance with Section 1(b), GLC will pay Parent as compensation a fee equal to $6,049,543 (the “Contract Placement
Fee”) in exchange for Parent: 
 (i) Appointing GLC as its exclusive consultant to perform the services set forth in the Advisory
Services Agreement (“ASA”) executed by Parent and GLC as of the Effective Date; 
 (ii) Appointing GLC as its exclusive
placement agent to perform the services set forth in the Syndication Agreement (“SA”) executed by Parent and GLC as of the Effective Date; and 

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

  
 CONTRACT
PLACEMENT AGREEMENT 
 PAGE 1 OF 4 

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

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

(iii) delivery to GLC of written evidence in a form satisfactory to GLC that Parent has made a capital contribution to Holdings
of at least $[18,148,628]. 
 Once paid, the fee will not be refundable in any circumstances, including without limitation, upon any termination of the ASA,
SA or RCMA. 
 2. Confidentiality. The terms and conditions of this Agreement are confidential, and except as otherwise required by
law, neither party shall disclose this Agreement or any portion hereof to any person other than its legal counsel, affiliates, representatives, owners, agents and accountants (who shall each be under an obligation to maintain such confidentiality)
without the prior written consent of the other party. 
 3. No Assignment. This Agreement shall be binding upon and inure to the
benefit of the parties and their respective successors and assigns but may not be assigned (and no duties may be delegated) by any party without the prior written consent of the other parties hereto not to be unreasonably withheld. 

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

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

6. Governing Law, Jurisdiction and Venue. This Agreement and all matters collateral hereto shall be governed by and construed in
accordance with the laws of the State of New York applicable to contracts made and to be performed solely in New York (without giving effect to any conflict of law principles under New York law). The parties agree that the sole and exclusive
jurisdiction of any action or suit in connection with this Agreement or any claim, dispute or controversy arising therefrom or in connection therewith will lie in the Federal Court located in the County of New York, State of New York, and if that
court lacks jurisdiction, in the State Court in the same county. EACH OF GLC AND PARENT (ON THEIR OWN BEHALF AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ON BEHALF OF THEIR EQUITY HOLDERS) IRREVOCABLY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY

  
 CONTRACT
PLACEMENT AGREEMENT 
 PAGE 2 OF 4 

 
ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) RELATED TO OR ARISING OUT OF THE PERFORMANCE BY GLC, HOLDINGS OR PARENT OF THE ACTIONS CONTEMPLATED BY, THIS
AGREEMENT. 
 7. Counterparts. The parties hereto agree that this Agreement may be executed in counterparts with the same effect as
if all parties had signed the same document. Facsimile counterparts shall be deemed to be original execution copies. All counterparts shall be construed together and shall constitute one Agreement. 

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

One Centerpointe Drive, Suite 200 
 Lake Oswego, Oregon 97035 

Attn: General Counsel 
 WLR-Greenbrier Rail Inc. 

1166 Avenue of the Americas 
 New York, New York 10036 

Attn: Wendy L. Teramoto 
 or at such other address as such party
may designate by advance written notice to the other party. 
 9. Relationship of Parties. GLC is an independent contractor of Parent
and Owner, and nothing in this Agreement, the ASA, SA or the RCMA will create a joint venture or partnership, or establish a relationship of principal and agent, or any other relationship of a similar nature, between the parties, and no party to
this Agreement shall take any position inconsistent with the foregoing. 
 10. Entire Agreement; Binding Effect. This Agreement
contains the sole and entire agreement and understanding of the parties with respect to the subject matter hereof, superseding all prior communications, agreements and understandings, whether written or oral. This Agreement shall not be amended or
modified except in a writing signed by both parties. This Agreement shall be binding both parties’ legal representatives, successors and assigns. 

  
 CONTRACT
PLACEMENT AGREEMENT 
 PAGE 3 OF 4 

			
	WLR-GREENBRIER RAIL INC.
		
	By:		/s/ Wendy Teramoto
	Name:		Wendy Teramoto
	Title:		Vice President
	
	GREENBRIER LEASING COMPANY LLC
		
	By:		/s/ Larry Stanley
	Name:		Larry D. Stanley
	Title:		Vice President

  
 CONTRACT
PLACEMENT AGREEMENT 
 SIGNATURE PAGEEX-10.6

 Exhibit 10.6 

EXECUTION COPY 
 WLR-GREENBRIER
RAIL INC. 
 April 29, 2010 

Greenbrier Leasing Company LLC 
 One Centerpointe Drive, Suite
200 
 Lake Oswego, Oregon 97035 
 To Whom It May Concern: 

This letter references the Line of Credit Agreement, dated as of April 29, 2010 (the “LOC Agreement”), among WL ROSS-GREENBRIER RAIL I LLC, a Delaware limited liability company (“Borrower”), WLR-GREENBRIER RAIL INC., a Delaware corporation (“WLR”), AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED, a limited liability company incorporated under the laws of the Commonwealth of Australia (“ANZ”) and LANDESBANK BADEN-WÜRTTEMBERG, a German public law banking institution (“LBBW”). Each
initially-capitalized term used but not defined in this letter agreement (this “Agreement”) will have the meaning assigned to it in the LOC Agreement. 

WLR agrees that: 
 1. It will notify Greenbrier
Leasing Company LLC (“GLC”) in writing within two Business Days after WLR receives a notice that Borrower wishes to draw an LOC Advance under Section 2.2 of the LOC Agreement. The WLR notice to GLC will include: (a) the
total amount of the requested LOC Advance; (b) WLR’s ratable share of the requested LOC Advance (the “Share”); (c) the LOC Drawing Date requested by Borrower. 

2. For 30 days after the LOC Drawing Date, GLC will have the right to participate in up to [25] percent of the Share of the LOC Advance made
to Borrower on the LOC Drawing Date (“Participation Right”). GLC’s total aggregate Participation Rights shall only apply to the Commitment of WLR under the LOC Agreement as of the date hereof, without effect of any future
amendments increasing such amount. WLR’s initial Commitment under the LOC Agreement as of the date hereof is $[5,250,000] and pursuant to Section 2.4(d) of the LOC Agreement as of the date hereof may reach a maximum of $[10,500,000], such
that GLC may at most participate in up to [25]% of the $[10,500,000]. 
 3. If GLC exercises its Participation Right within the 30-day
period by written notice to WLR (the “Election Notice”), then: (a) WLR hereby grants GLC a right to participate in all of WLR’s rights in that percentage of the Share that is specified by GLC (up to [25] percent of the
Share) (the “Participation Interest”). 
 4. The purchase price for the Participation Interest will be the dollar amount of
the Participation Interest loaned to Borrower by WLR (i.e., dollar for dollar). WLR and GLC will close on the Participation Interest on a date agreed to by the parties, but not later than 10 

 
Business Days after GLC delivers the Election Notice. From and after the date funds are delivered to WLR pursuant to participation of the Participation Interest, all interest, principal, fees and
other amounts pertaining to such Participation Interest shall be for the account of GLC. 
 5. The relationship between WLR and GLC
evidenced by the Participation Interest is and shall be that of a seller and purchaser of a participation interest in the LOC Advance. GLC agrees that WLR will retain in WLR’s name, but to the extent of the Participation Interest, as trustee
for GLC, all of the obligations of the Borrower to WLR arising out of the LOC Agreements. To the extent of the Participation Interest, WLR is and shall be a trustee for GLC in administering, servicing and taking actions under the LOC Agreement and
all rights, remedies and benefits thereunder. WLR agrees to promptly deliver to GLC copies of all notices, statements, filings, certificates and other documents received by WLR under the LOC Agreement. WLR agrees to pay and otherwise account for to
GLC, within five days of WLR’s receipt of any payments on any LOC Advance, such amounts due to GLC in respect of all Participation Interests. WLR hereby agrees that WLR shall not, without the prior written consent of GLC (with such consent not
to be unreasonably withheld) (i) carry out the provisions of the LOC Agreement with Borrower, or exercise any rights or privileges accruing to WLR by reason of the provisions thereof, or enforce rights thereunder; (ii) modify, alter or
amend in any material respect the LOC Agreement, nor waive or release any material rights thereunder against Borrower, or in or to any collateral, or in or to any material rights against any guarantor, surety or other entity in respect of the
Borrower’s obligations; or (iii) offset any claim or demand in favor of WLR pertaining to indebtedness or obligations of Borrower wherein GLC does not participate, against or to the detriment of GLC. 

6. WLR represents and warrants that this Agreement constitutes a legal, valid and binding obligation of WLR, enforceable against WLR in
accordance with its terms. 
 7. THIS AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK, UNITED STATES OF AMERICA, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE WITHOUT REFERENCE TO PRINCIPLES OF CONFLICTS OF LAW (OTHER THAN TITLE 14 OF ARTICLE 5 OF THE GENERAL OBLIGATIONS LAW). 

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

 If the foregoing accurately reflects our mutual understanding regarding GLC’s Participation Right, please
indicate this on the appropriate signature line below. 
  

			
	Sincerely,
	
	WLR-GREENBRIER RAIL INC.
		
	By:		/s/ Wendy Teramoto
	Name:		Wendy Teramoto
	Title:		Vice President

  

			
	Agreed and Accepted:
	
	Dated: April 29, 2010
	
	GREENBRIER LEASING COMPANY LLC
		
	By:		/s/ James T. Sharp
	Name:		James T. Sharp
	Title:		President

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