Document:

EX-4.41

 EXHIBIT 4.41 

SECOND AMENDED AND RESTATED MANAGEMENT AGREEMENT 

between 
 TEXTAINER EQUIPMENT
MANAGEMENT LIMITED 
 and 
 TAP
FUNDING LTD. 
 Dated as of April 26, 2013 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	1.	 	DEFINITIONS	  	 	1	  
			
	2.	 	APPOINTMENT/AGENCY	  	 	7	  
				
		 	2.1	  	 Appointment
	  	 	7	  
		 	2.2	  	 No Disclosure to Lessees
	  	 	7	  
		 	2.3	  	 Title in Owner
	  	 	8	  
			
	3.	 	DUTIES/RIGHTS OF MANAGER	  	 	8	  
				
		 	3.1	  	 Management Functions
	  	 	8	  
		 	3.3	  	 Standards; Discretion
	  	 	10	  
		 	3.4	  	 Acquisition Functions
	  	 	10	  
		 	3.5	  	 Minimum Fleet Size
	  	 	10	  
			
	4.	 	INDEPENDENT AGENT	  	 	11	  
			
	5.	 	FEES, COMMISSIONS AND OTHER PAYMENTS TO MANAGER	  	 	11	  
				
		 	5.1	  	 Management Fee
	  	 	11	  
		 	5.2	  	 Payment of Management Fee
	  	 	12	  
			
	6.	 	PAYMENTS	  	 	12	  
				
		 	6.1	  	 Distribution, Reconciliation and Adjustment of Owner Proceeds
	  	 	12	  
		 	6.2	  	 Reimbursements of Expenses to Manager
	  	 	13	  
		 	6.3	  	 Indemnification Proceeds
	  	 	13	  
		 	6.4	  	 Absolute Obligation
	  	 	13	  
			
	7.	 	REPORTS/BOOKS AND RECORDS/INSPECTION	  	 	13	  
				
		 	7.1	  	 (a) Monthly Reports
	  	 	13	  
		 	7.2	  	 Managed Container Financial Reports
	  	 	14	  
		 	7.3	  	 Owner Financial Statements
	  	 	14	  
		 	7.4	  	 Manager’s Financial Statements
	  	 	14	  
		 	7.5	  	 Asset Base Report
	  	 	14	  
		 	7.6	  	 Insurance Confirmation
	  	 	14	  
		 	7.7	  	 Other Reports
	  	 	15	  
		 	7.8	  	 Maintenance and Location of Books and Records
	  	 	15	  
		 	7.9	  	 OFAC Audit
	  	 	15	  
		 	7.10	  	 Inspection of Books and Records
	  	 	15	  
		 	7.11	  	 Notices
	  	 	15	  
		 	7.12	  	 Confidentiality
	  	 	16	  
		 	7.13	  	 Compliance with Law and Lessor Obligations
	  	 	16	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
			
	8.	 	WARRANTY	  	 	17	  
				
		 	8.1	  	 NO OWNER WARRANTIES
	  	 	17	  
		 	8.2	  	 LIMITATIONS ON MANAGER WARRANTIES
	  	 	17	  
			
	9.	 	INSURANCE	  	 	17	  
				
		 	9.1	  	 Lessee/Depot Insurance
	  	 	17	  
		 	9.2	  	 Contingency Insurance
	  	 	17	  
		 	9.3	  	 Receipt of Insurance Proceeds
	  	 	17	  
		 	9.4	  	 No Liability of Manager
	  	 	17	  
			
	10.	 	TERM; RESIGNATION BY MANAGER	  	 	18	  
				
		 	10.1	  	 Term
	  	 	18	  
		 	10.2	  	 Manager Resignation
	  	 	18	  
			
	11.	 	MANAGER DEFAULT	  	 	18	  
				
		 	11.1	  	 Manager Default Defined
	  	 	18	  
		 	11.2	  	 Termination
	  	 	19	  
		 	11.3	  	 Replacement Manager
	  	 	20	  
		 	11.4	  	 Lessee Rights
	  	 	20	  
		 	11.5	  	 Rights Cumulative; Owner Costs
	  	 	20	  
		 	11.6	  	 Waiver of Manager Default
	  	 	21	  
		 	11.7	  	 Manager’s Cooperation
	  	 	21	  
			
	12.	 	NON-EXCLUSIVITY	  	 	21	  
			
	13.	 	SUB-CONTRACTORS	  	 	21	  
			
	14.	 	LIENS	  	 	21	  
				
		 	14.1	  	 Liens
	  	 	21	  
		 	14.2	  	 Leases
	  	 	22	  
			
	15.	 	NO PARTNERSHIP	  	 	22	  
			
	16.	 	FORCE MAJEURE	  	 	22	  
			
	17.	 	CURRENCY/BUSINESS DAY	  	 	22	  
				
		 	17.1	  	 Currency
	  	 	22	  
		 	17.2	  	 Business Day
	  	 	22	  
			
	18.	 	INDEMNIFICATION	  	 	22	  
				
		 	18.1	  	 By Owner
	  	 	22	  
		 	18.2	  	 By Manager
	  	 	23	  
		 	18.3	  	 Survival of Obligations
	  	 	23	  

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

									
	 	 	 	  	 	  	Page	 
			
	19.	 	REPRESENTATIONS AND WARRANTIES	  	 	23	  
				
		 	19.1	  	By Manager	  	 	23	  
		 	19.2	  	By Owner	  	 	24	  
			
	20.	 	COVENANTS	  	 	25	  
				
		 	20.1	  	Covenants of Manager	  	 	25	  
		 	20.2	  	Covenants of Owner	  	 	25	  
			
	21.	 	LOAN AGREEMENT	  	 	26	  
				
		 	21.1	  	Loan Agreement	  	 	26	  
		 	21.2	  	Nondisturbance Agreement	  	 	26	  
			
	22.	 	GENERAL	  	 	27	  
				
		 	22.1	  	Notices	  	 	27	  
		 	22.2	  	Attorneys’ Fees	  	 	28	  
		 	22.3	  	Further Assurances	  	 	28	  
		 	22.4	  	Severability	  	 	28	  
		 	22.5	  	Successors and Assigns	  	 	28	  
		 	22.6	  	Waiver	  	 	29	  
		 	22.7	  	Headings	  	 	29	  
		 	22.8	  	Entire Agreement; Amendment	  	 	29	  
		 	22.9	  	Counterparts	  	 	29	  
		 	22.10	  	Facsimile Signatures	  	 	29	  
		 	22.11	  	Governing Law, Venue, Agent for Service of Process	  	 	29	  
		 	22.12	  	WAIVER OF JURY TRIAL	  	 	30	  
		 	22.13	  	Third-Party Beneficiaries	  	 	30	  

  
 -iii- 

 THIS SECOND AMENDED AND RESTATED MANAGEMENT AGREEMENT (as amended, modified and supplemented from
time to time in accordance with the terms hereof, the “Agreement”) is dated as of April 26, 2013 between TAP Funding Ltd., an exempted company limited by shares and existing under the laws of Bermuda (the
“Owner”) and Textainer Equipment Management Limited, an exempted company limited by shares and existing under the laws of Bermuda (“TEML”), as manager (the
“Manager”). 
 RECITALS 

Manager and Owner are parties to that certain Amended and Restated Management Agreement, dated as of December 20, 2012; Manager and Owner
now hereby agree to amend and restate such management agreement in its entirety on the terms herein set forth. 
 This Agreement sets forth
the terms and conditions on which Manager will acquire marine cargo containers for and/or manage marine cargo containers owned by Owner on Owner’s behalf. The containers subject to this Agreement as of the date hereof are set forth on
Schedule 2. 
 AGREEMENT 
  

	1.	DEFINITIONS. 

 Capitalized terms used in this Agreement and not defined in their context
shall have the meanings set forth in this Section 1. 
 “Acquisition Functions” shall mean the
functions performed by the Manager under Section 3.4. 
 “Administrative Agent” shall mean the lenders (or,
if any, the agent therefor) under the Loan Agreement. 
 “Administrative Function” shall have the meaning set forth
in Section 3.2(a) hereof. 
 “Affiliate” means, when used with reference to a specified Person, any
other Person that directly or indirectly through one or more intermediaries controls or is controlled by or is under common control with the specified Person. For the purposes of this definition, “control”, when used with respect to any
specified Person, means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and
“controlled” have meanings correlative to the foregoing. 
 “Agreement Termination Date”
means the date TEML receives notice that a Replacement Manager has been appointed, and this Agreement has been terminated with respect to Terminated Managed Containers, in each case pursuant to the provisions of Section 11.2 hereof. 

“Business” means the acquisition, ownership, leasing and other disposition of the Managed Containers. 

 “Business Day” means any day other than a Saturday, a Sunday or a day on
which banking institutions in San Francisco, California are authorized or are obligated by law, executive order or governmental decree to be closed. 

“Casualty Loss” means any of the following events with respect to any Managed Container: (a) the actual total
loss or compromised total loss of such Managed Container, (b) loss, theft or destruction of such Managed Container, (c) thirty (30) days following a determination by, or on behalf of, the Owner that such Managed Container is damaged
beyond repair or permanently rendered unfit for use for any reason whatsoever, (d) the seizure, condemnation or confiscation of such Managed Container for a period exceeding sixty (60) days or (e) if such Managed Container is subject
to a Lease, such Managed Container shall have been deemed under its Lease (or any applicable TUS Sublease) to have suffered a casualty loss as to the entire Managed Container. In determining the date on which a Casualty Loss occurred, the
application of the time frames set forth in clauses (a) through (e) above shall in no event result in the deemed occurrence of a Casualty Loss prior to the date on which an officer of the Owner or the Manager obtains actual knowledge of
such Casualty Loss. 
 “Casualty Proceeds” means, for any accounting period, all proceeds due (a) to Owner,
from (i) a Lessee, (ii) the insurance specified in Sections 9.1 and 9.2, and (iii) any other source, to compensate the Owner for a Casualty Loss with respect to a Managed Container or (b) without duplication,
to TUS, from: (i) a TUS Sublessee or (ii) any other source, to compensate TUS for a Casualty Loss with respect to a TUS Subleased Container. 

“CEU” means a cost-equivalent unit which is a fixed unit of measurement based on the cost of a Container relative to
the cost of a twenty-foot standard dry freight Container. The CEU for each type of Container is shown on Schedule 1 to this Agreement (as such Schedule may be amended from time to time upon notice by Manager). 

“Change of Control” means the occurrence of any of the following events with respect to the Manager: (i) the
Manager amalgamates or consolidates with, or merges with or into, another Person or (ii) the Manager sells, assigns, conveys, transfers, leases or otherwise disposes of (in each case, whether in one transaction or a series of transactions) all,
or substantially all, of its assets to any Person, (iii) any Person amalgamates or consolidates with, or merges with or into, the Manager, or (iv) TGH shall fail to own, directly or indirectly, a majority of the equity interests in the
Manager. 
 “Container” means any dry freight cargo, high cube or other type of marine or intermodal Container. 

“Container Identification Number” means the unique alpha-numeric reference assigned to a Container which is painted on
or affixed to such Container. 
 “Finance Lease” means any Lease of a Container whose initial lease agreement
provides the Lessee the right or option to purchase the Container at the expiration of the Lease and whose initial lease agreement satisfies the criteria for classification as a capital lease pursuant to GAAP, including Statement of Financial
Accounting Standards No. 13, as amended. 

  
 2 

 “Finance Lease Payments” means, for any period of determination, all
amounts due Owner in connection with the ownership, use and/or operation of a Managed Container subject to a Finance Lease, including, but not limited to, principal and interest, balloon payments, rental, handling, Location Revenue and other
rental-related charges arising from the leasing of such Managed Container, but excluding Casualty Proceeds, Indemnification Proceeds, Miscellaneous Owner Proceeds and Sales Proceeds. 

“Fleet” means, as of any date of determination, the entire fleet of Containers (including the Managed
Containers) then managed by Manager. 
 “GAAP” means those generally accepted accounting principles and practices
which are recognized as such by (i) the American Institute of Certified Public Accountants acting through its Accounting Principles Board or by the Financial Accounting Standards Board or through other appropriate boards or committees thereof
consistently applied as to the party in question or (ii) such other equivalent entity(ies) that has or have authority for promulgating accounting principles and practices applicable to such Person. 

“Governmental Authority” means shall mean (a) any national, state or other sovereign government, and any federal,
regional, state, provincial, local, city government or other political subdivision, (b) any governmental or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality or public body, (c) any court or
administrative tribunal or (d) with respect to any Person, any arbitration tribunal or other non-governmental authority to whose jurisdiction that Person has consented. 

“Gross Revenue” means all income (without reduction for expenses or costs), calculated on an accrual basis in
accordance with GAAP, earned in connection with the ownership, use and/or operation of a Container, including, but not limited to, rental, handling, Location Revenue, damage protection plan and other rental-related charges arising from the leasing
of such Container, but excluding Casualty Proceeds, Indemnification Proceeds, Miscellaneous Owner Proceeds and Sales Proceeds. 

“Head Lease Agreement” has the meaning set forth in the Loan Agreement. 

“Indemnification Proceeds” means, for any accounting period, all proceeds due to either Manager or TUS, on its own
behalf, or to Owner, from Lessees or TUS Sublessees pursuant to the Leases or TUS Subleases, insurance or other sources, including proceeds from the insurance specified in Sections 9.1 and 9.2, as payment for indemnification of
Manager and/or Owner against liability and loss (other than a Casualty Loss to the extent that Casualty Proceeds compensate Owner for such Casualty Loss) with respect to the Managed Containers. 

“Insolvency Proceeding” means any proceeding under the United States Bankruptcy Code or the Bermuda Companies Act 1981
or similar applicable law in any other applicable jurisdiction. 
 “Lease” means a lease relating to one or more
Managed Containers entered into on behalf of the Owner (which lease may relate to both Managed Containers and other Containers). Leases may be in the name of Manager or in the name of a third-party lessor from whom Manager has acquired management
rights. 

  
 3 

 “Lessee” means any entity that leases one or more Containers pursuant to
a Lease. 
 “Lien” means any security interest, lien, charge, pledge or encumbrance of any kind. 

“Loan Agreement” means such credit or similar agreement, secured by the Managed Containers, as may be identified by
Owner to Manager from time to time during the term of this Agreement, among the Owner, as borrower, the lenders party thereto, the administrative and/or collateral agent for such lenders, and such other Persons as may be parties thereto (including
without limitation that certain Credit Agreement, dated as of April 26, 2013, among Owner, as borrower, ABN AMRO Capital USA LLC, a Delaware limited liability company, as administrative agent, and the lenders party thereto), as such credit or
similar agreement may be amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time. 

“Location Revenue” means the net amount (which can be a positive or negative number) of charges and credits to Lessees
related to delivery and return of Containers in geographic locations. 
 “Long-Term Lease Fleet” means, as of any
date of determination, all Managed Containers that are then (a) subject to a Lease, other than a Finance Lease, having an initial term of twenty-four (24) months or more or (b) off-lease if their Leases in effect immediately before
they went off-lease were Leases of the type described in clause (a) of this definition. 
 “Managed Containers”
means all of the Containers which are owned by Owner and subject to management by Manager under this Agreement, including without limitation Containers that are subject to Finance Leases or other Leases that are not true leases. 

“Management Fee” shall have the meaning set forth in Section 5.1 hereof. 

“Management Functions” shall have the meaning set forth in Section 2.1 hereof. 

“Manager Default” shall have the meaning set forth in Section 11.1 hereof. 

“Master Lease Fleet” means, as of any date of determination, all Managed Containers that are then
(a) (i) subject to a Lease other than a Finance Lease or (ii) not part of the Long-Term Lease Fleet or (b) off-lease if their Leases in effect immediately before they went off-lease were Leases of the type described in clause
(a) of this definition. 
 “Miscellaneous Owner Proceeds” means amounts, other than Casualty Proceeds,
Indemnification Proceeds and Sales Proceeds due to Owner: (i) from the manufacturers or sellers of Managed Containers for breach of sale warranties relating thereto, (ii) from Lessees for repair rebill proceeds on Managed Containers which
are designated for sale, and (iii) in payment or settlement of any claims, losses, disputes or proceedings relating to such Managed Containers, including proceeds from the insurance specified in Sections 9.1 and 9.2 for
damage to such Managed Containers. 
 “NOI” means, for any accounting period, Gross Revenue for such period minus
Operating Expenses for such period. 

  
 4 

 “OFAC” means the U.S. Department of the Treasury’s Office of Foreign
Assets Control. 
 “OFAC Sanctions” means any of the OFAC sanctions programs, laws, rules, and regulations of the
Office of Foreign Assets Control of the United States Department of the Treasury (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto. 

“Operating Expenses” means all expenses and costs, calculated on an accrual basis in accordance with GAAP, incurred in
connection with the ownership, use and/or operation of Containers, including, but not limited to: (i) agency costs and expenses; (ii) depot fees, handling, and storage costs and expenses; (iii) maintenance and repairs;
(iv) repositioning; (v) inspecting, marking and remarking such Containers, except for factory inspection costs associated with the acquisition of new Containers pursuant to Section 3.4; (vi) bankruptcy recovery;
(vii) bad debts; (viii) audit fees (shared on a CEU basis by all Containers managed by Manager); (ix) legal fees incurred in connection with enforcing rights under a Lease or TUS Sublease of such Containers or repossessing such
Containers; (x) insurance (including, without limitation, insurance obtained by Manager pursuant to the provisions of Sections 3.1(h) and 9.2); (xi) taxes, levies, duties, charges, assessments, fees, penalties,
deductions or withholdings assessed, charged or imposed upon or against such Containers; (xii) expenses, liabilities, claims and costs (including, without limitation, reasonable attorneys’ fees and costs) incurred by Manager or made
against Manager by any third party arising directly or indirectly (whether wholly or in part) out of the state, condition, operation, use, storage, possession, repair, maintenance or transportation of such Containers; (xiii) expenses and costs
(including attorneys’ fees and costs) of pursuing claims against manufacturers or sellers of such Containers; and (xiv) non-recoverable sales and value-added taxes on such expenses and costs. 

“Owner Bank Account” means a bank account identified by Owner to Manager as the account to which all Owner Proceeds
are to be deposited in the name of the Owner. 
 “Owner Proceeds” means, for the period in question (a) the sum
of Gross Revenue attributable to the Managed Containers to the extent collected by Manager during such period; plus (b) the sum of (i) Sales Proceeds, (ii) Casualty Proceeds, and (iii) Miscellaneous Owner Proceeds, in each case
to the extent collected by Manager during the period in question; minus (c) Operating Expenses attributable to the Managed Containers paid by Manager during the period in question. 

“Permitted Encumbrances” means (i) Liens created by or through Owner or its successors and assigns,
(ii) rights of Lessees under Leases, (iii) Liens for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by appropriate proceedings, (iv) Liens of materialmen,
mechanics, warehousemen, depots, carriers or employees or other similar Liens arising by operation of law and securing obligations either not delinquent or being contested in good faith by appropriate proceedings, (vi) Liens securing purchase
money indebtedness or obligations in connection with the acquisition of Managed Containers by Borrower and (vi) other Liens arising in the ordinary course of business through the exercise of Manager’s duties hereunder (including without
limitation pursuant to Section 3.1(g)). 

  
 5 

 “Person” means an individual, a partnership, a limited liability company,
a corporation, a joint venture, an unincorporated association, a joint stock company, a trust, or other entity or a Governmental Authority. 

“Replacement Manager” means any Person appointed to replace Manager as manager of the Managed Containers pursuant to
the provisions of Section 11.2 hereof. 
 “Sales Proceeds” means the gross proceeds (including but not
limited to cash sales price, but excluding repair rebill proceeds from Lessees) due to Owner from the sale or other disposition (other than the leasing thereof pursuant to a Finance Lease) of a Managed Container, less commissions, administrative
fees, handling charges or other amounts paid or to be paid to unaffiliated third parties in connection with the sale or other disposition of such Managed Container, as determined in the sole discretion of Manager. 

“Sanctioned Country” means a country subject to a sanctions program identified on the list maintained by OFAC and
available at http:/ww.treas.gov/offices/enforcement/ofac/programs, or as otherwise published from time to time. 
 “Sanctioned
Person” means any of the following currently or in the future: (i) an individual, entity, or vessel named on the list of Specially Designated Nationals and Blocked Persons maintained by OFAC available at
http://www.treas.gov/offices/eotffc/ofac/sdn/index.html, and any entity in which such individual, entity, or vessel owns, directly or indirectly, a fifty percent or greater interest, or (ii) (A) an agency or instrumentality of, or an
entity owned or controlled by the government of a Sanctioned Country, (B) an entity located in or organized under the laws of a Sanctioned Country, or (C) a national or permanent resident of a Sanctioned Country, or a person located in a
Sanctioned Country, to the extent such agency, instrumentality, entity, or person is subject to a sanctions program promulgated or administered by OFAC. 

“TAP” means TAP Ltd., an exempted company limited by shares incorporated and existing under the laws of Bermuda. 

“Terminated Managed Container” means a Managed Container which: (i) prior to the Agreement Termination Date,
(A) shall have been sold by Manager pursuant to this Agreement (provided that, for purposes of this clause (A), being subject to a Finance Lease shall not constitute having been sold), (B) shall have been the subject of a
Casualty Loss and for which all Casualty Proceeds and any other amounts payable in connection therewith have been paid, or (C) shall have been purchased by the Lessee or TUS Sublessee thereof at the end of the term of the Finance Lease or TUS
Finance Sublease to which it is subject, or (ii) on the Agreement Termination Date is (A) off-hire and in a depot, or (B) subject to a Finance Lease, or (iii) after the Agreement Termination Date is (a) off-hire and returned
to a depot, or (b) declared lost or unrecoverable by a Lessee (or any applicable TUS Sublessee) in accordance with the terms of the applicable Lease (or TUS Sublease) or the Manager in accordance with the documented policy of the Manager. 

“TGH” means Textainer Group Holdings Limited, an exempted company limited by shares incorporated and existing under
the laws of Bermuda. 

  
 6 

 “TUS” means Textainer Equipment Management (U.S.) II LLC, a Delaware
limited liability company. 
 “TUS Finance Sublease” means any TUS Sublease of a Container whose initial lease
agreement provides the TUS Sublessee the right or option to purchase the Container at the expiration of the TUS Sublease and whose initial lease agreement satisfies the criteria for classification as a capital lease pursuant to GAAP, including
Statement of Financial Accounting Standards No. 13, as amended. 
 “TUS Sublease” means a sublease of a Managed
Container by TUS as sublessor pursuant to its rights as Lessee under a Head Lease Agreement. 
 “TUS Subleased
Container” means each Managed Container that is subject to both (i) a Head Lease Agreement with TUS as lessee and (ii) a TUS Sublease. 

“TUS Sublease Spread” means, with respect to each TUS Subleased Container, the difference of (x) the rent payable
with respect to such TUS Subleased Container by the sublessee thereof pursuant to the applicable sublease, minus (y) the rent payable with respect to such TUS Subleased Container by TUS to TEML pursuant to the applicable Lease; provided, that
TEML shall ensure that in no event shall the quotient obtained by dividing the amount in clause (y) by the amount in clause (x), expressed as a percentage, be less than 98.5%. 

“TUS Sublessee” means each lessee that is party to a TUS Sublease. 

 

	2.	APPOINTMENT/AGENCY. 

 2.1 Appointment. Upon the terms and conditions hereinafter
provided, Owner hereby appoints TEML, and assigns to TEML the exclusive right, for the term set forth in Section 10 hereof, to (A) perform the Administrative Functions and (B) operate, lease and manage the Managed Containers on
behalf of Owner (the functions described in this clause (B) collectively, the “Management Functions”). In furtherance of the foregoing, the Owner hereby grants to Manager exclusive authority to enter into,
administer and terminate Leases, to sell, transfer or otherwise dispose of the Managed Containers, to collect monies and make disbursements on behalf of Owner, and to manage its finances. Manager hereby accepts such appointment and agrees to perform
the Management Functions and the Administrative Functions upon the terms and conditions herein. Subject to Sections 10 and 11, this appointment is irrevocable and non-cancelable. As a result of such assignment, Owner has no legal or
equitable interest in the right to manage the Managed Containers during the Term, or in any revenue or income stream payable to Manager in connection with the performance of its services under this Agreement or in connection with any otherwise
permitted assignment of its rights under this Agreement, or otherwise to perform any of the Management Functions, Administrative Functions or Acquisition Functions, and the Manager is the sole owner of such rights during the Term. 

2.2 No Disclosure to Lessees. The Manager shall not be required to disclose to any Lessee the interest of Owner in and to any Managed
Container. 

  
 7 

 2.3 Title in Owner. The Owner shall at all times retain full legal and equitable title to,
and beneficial ownership of, the Managed Containers, notwithstanding the management thereof by Manager hereunder. The Owner shall at all times be treated as the owner of the Managed Containers for all tax purposes. Manager shall not make reference
to or otherwise deal with or treat the Managed Containers in any manner except in conformity with this Section 2.3. Any transfer of a Managed Container by Owner (i) shall be subject to Manager’s rights under this Agreement and
(ii) may only be made with Manager’s consent (which consent shall not unreasonably be withheld). 
  

	3.	DUTIES/RIGHTS OF MANAGER. 

 3.1 Management Functions. Subject to
Section 20.2, Manager shall, as agent for and on behalf of Owner, operate, manage, lease and administer the Managed Containers as part of its Fleet and shall perform all managerial and administrative functions and provide or arrange for
the provision of all services of any nature which it considers necessary or desirable to fulfill the Management Functions. Without prejudice to the generality of the foregoing, Manager shall: 

(a) seek Lessees, arrange for the leasing and enter into Leases as lessor as an independent agent of Owner as such term is used in
Section 4, and decide the identity of each Lessee, the period of the Lease, the rental or other sums payable thereunder, and the form and content of the Lease; 

(b) perform on behalf of Owner the obligations of the lessor under the Leases; 

(c) exercise all rights of the lessor under the Leases, including, without limitation, the invoicing and collection of rental and other
payments due from Lessees; 
 (d) take any actions Manager deems necessary to ensure compliance by Lessees with the terms of their Leases;

 (e) log interchanges of the Managed Containers including the return and re-lease of Managed Containers from depots; 

(f) inspect, repair, maintain, service and store the Managed Containers to the extent Manager deems necessary for the purposes of this
Agreement, to comply with the Leases and in accordance with Manager’s maintenance and repair standards for its Fleet (including without limitation bringing and settling warranty claims and defective container settlements with the applicable
vendor); 
 (g) arrange for the sale of Managed Containers, outright or through a lease/purchase arrangement, in the ordinary course of
business consistent with past practice, including in accordance with Manager’s sell/repair decision-making procedures that are from time to time in effect, and which sell/repair decision-making procedures have been approved by Owner, and will
report to the Owner all such sales in a timely manner; provided, however, that no such sale shall be to a Sanctioned Person; 
 (h)
obtain insurance in accordance with the provisions of Section 9 hereof and in respect of any matters which Manager considers necessary or prudent, including, without limitation, public liability insurance, and settle claims with the
applicable insurance companies on such terms as Manager shall, in its sole discretion, determine; 

  
 8 

 (i) follow, and direct TUS, as lessor under each TUS Sublease, to follow, such credit policies
with respect to the leasing of the Managed Containers as it follows from time to time with respect to its Fleet and, subject to such credit policies, Manager may, in its sole discretion, (a) determine and approve the creditworthiness of any
Lessee (but Manager makes no representation and warranty to Owner or any other Person as to the solvency or financial stability of any Lessee or the ability of any Lessee to pay rent), (b) determine that any amount due from any Lessee is not
collectible, (c) institute and prosecute legal proceedings against a Lessee as permitted by applicable law, (d) terminate or cancel any Lease, (e) recover possession of Managed Containers from any Lessee, (f) settle, compromise
or release any proceeding or claim against a Lessee in the name of Manager or, if appropriate, in the name of Owner, or (g) reinstate any Lease; provided, however, that in no event shall Manager lease a Managed Container to a Sanctioned
Person (provided that (i) no lease of a Managed Container to a Sanctioned Person shall breach this Section 3.1(i) if, at the time at which Manager entered into such Lease, such lessee was not a Sanctioned Person, and (ii) no
unpermitted sublease of a Managed Container by a Lessee to a Sanctioned Person shall breach this Section 3.1(i) unless Manager provided its consent to such sublease); 

(j) ensure that each Managed Container carries its Container Identification Number and other markings as may be required for its operation in
marine and intermodal shipping; 
 (k) institute and prosecute claims against the manufacturers of the Managed Containers as Manager may
consider advisable for breach of warranty, any defect in condition, design, operation or fitness or any other non-conformity with the terms of manufacture and/or the related sale agreement; and 

(l) pay, on behalf of Owner and subject to reimbursement by Owner either as Operating Expenses or under Section 6.2, out-of-pocket
expenses incurred in connection with the Managed Containers. 
 3.2 Administrative Functions. (a) Subject to
Section 20.2, Manager shall perform the following tasks in connection with the Business (collectively, the “Administrative Functions”): 

(i) (A) cause the income and other tax returns for the Owner to be prepared and timely filed with the appropriate authorities, and
(B) provide to Owner all information available to Manager that is reasonably necessary for Owner or its equityholders to prepare and file all tax returns required to be filed by Owner; 

(ii) assist Owner in structuring, negotiating, procuring and administering sources of financing, including debt financing on a secured,
unsecured or structured basis and including identifying and arranging the engagement of financial institutions, rating agencies, trustees, legal counsel or other parties necessary for the financing of Owner’s assets (provided however that fees
and expenses of third parties engaged by Manager hereunder shall be Operating Expenses reimbursable by Owner to Manager); 

  
 9 

 (iii) maintain Owner’s financial books and records, prepare Owner’s financial
statements and prepare and maintain compliance and other reporting required by Owner’s financing arrangements; 
 (iv) perform
administrative and procedural services necessary to reserve and purchase Containers under the Container Purchase Agreement, including coordination and collection of funds among the shareholders of the Owner; 

(v) assist the Owner in entering into and monitoring interest rate hedge agreements; and 

(vi) arrange for such secretarial, accounting, administrative, financial, technical, research, consulting and legal services (other than
legal services which would be an Operating Expense) as the Owner may require from time to time. 
 Nothing contained in this Section 3.2(a)
shall be construed as an obligation of the Manager to pay any overhead or other costs, expenses or liabilities of Owner from its own funds. 

(b) In consideration of the performance of the Administrative Functions under this Section 3.2, Manager shall be entitled to
receive an annual fee in the amount of $100,000. Such fee shall be earned and payable monthly on a pro rata basis. 
 3.3
Standards; Discretion. In performing its Management Functions pursuant to this Agreement, Manager shall operate the Fleet in accordance with its reasonable business practice and without preference to ownership thereof, and no preference will be
afforded for or against the Managed Containers. Subject to the provisions of this Section 3.3, Manager shall have absolute discretion as to the manner of performance of its duties and the exercise of its rights under this Agreement. 

3.4 Acquisition Functions. Pursuant to the Container Purchase Agreement, dated December 20, 2012 (as amended, restated,
supplemented or otherwise modified from time to time, the “Container Purchase Agreement”), between TGH and the Company, TGH (the direct holder of all of the equity interests in the Manager) has agreed to set aside and reserve
(and to cause its Affiliates to set aside and reserve) from time to time, for purchase by Owner during each Purchase Period (as defined in the Container Purchase Agreement), Containers (as defined in the Container Purchase Agreement) representing
five percent (5%) of the Aggregate Container Order (as defined in the Container Purchase Agreement) during each Purchase Period. For each Managed Container acquired under this Section 3.4, Manager shall be entitled to receive a fee
as set forth in the applicable Container Purchase Agreement. Manager will not acquire any Managed Containers on behalf of Owner other than pursuant to the Container Purchase Agreement, unless otherwise agreed by Owner, Textainer Limited and TAP.

 3.5 Minimum Fleet Size. If, on any date of determination, all of the Managed Containers represent fewer than five hundred
(500) CEU, then Manager or an Affiliate of Manager shall have the right (but not the obligation) to purchase all of the Managed Containers at their net book value as determined in this Section 3.5. The net book value of each Managed
Container that is not subject to a Finance Lease shall equal, as of the date of determination, an amount equal to the Original Equipment Cost of such Container, less accumulated depreciation 

  
 10 

 
at the rate of six percent (6%) per year to a residual value of twenty eight percent (28%) at the end of a Container’s 12th year. If neither Manager nor Owner knows the Original
Equipment Cost of such Container, Manager shall estimate the Original Equipment Cost based on Manager’s knowledge of the Original Equipment Cost of other containers of similar age and type in Manager’s fleet. The net book value of each
Managed Container that is subject to a Finance Lease shall be determined in accordance with GAAP. 
  

	4.	INDEPENDENT AGENT. 

 In performing the Management Functions, the Administrative Functions
and the Acquisition Functions pursuant to this Agreement, Manager and, as applicable, each of its Affiliates shall be an independent agent of Owner, and neither Manager nor any of its Affiliates shall be deemed for any purpose to be a dependent
agent, servant, employee or representative of Owner. Except for the execution of Leases and the sale of Managed Containers as expressly set forth in this Agreement, the Manager shall not have any right or authority, express or implied, to assume or
create any obligation of any kind, or to make any representation or warranty, on behalf of Owner or to bind Owner in contract or otherwise. Manager shall have full responsibility, legal charge and sole control of its employees, agents and equipment
engaged in the performance of the Management Functions, the Administrative Functions and the Acquisition Functions, including its Affiliates, subcontractors and consultants and their respective employees, agents and equipment and, except as
expressly provided in this Agreement, shall be solely responsible for any acts or omissions of any of them in such performance. Manager shall have sole control over and be responsible for the method or means by which the Management Functions, the
Administrative Functions and the Acquisition Functions are to be performed. 
  

	5.	FEES, COMMISSIONS AND OTHER PAYMENTS TO MANAGER. 

 5.1 Management Fee. In
consideration of Manager providing the Management Functions and the Administrative Functions, the Owner shall pay to Manager a monthly fee (the “Management Fee”) equal to the sum of: 

(a) the product of (i) the NOI for the Master Lease Fleet for such month, multiplied by (ii) the applicable percentage set forth on
Schedule 3; plus 
 (b) the product of (i) the sum of the NOI for such month of (A) the Long-Term Lease Fleet plus
(B) any Managed Containers then subject to purchase-leasebacks, multiplied by (ii) the applicable percentage set forth on Schedule 3; plus 

(c) the product of (i) the Finance Lease Payments (excluding any payments relating to Managed Containers then subject to
purchase-leasebacks), multiplied by (ii) the applicable percentage set forth on Schedule 3; plus 
 (d) an
amount equal to the following percentage of the Sales Proceeds from the sale or other disposition of any Managed Container (except for any sale or disposition (i) to Manager or any Affiliate of Manager, (ii) pursuant to the exercise of a
purchase option contained in a Lease, (iii) that is due to a Casualty Loss, or (iv) by the Owner in accordance with clause (ii) of the last sentence of Section 2.3): (x) from the date hereof through and
December 1, 2020, the applicable percentage set forth on Schedule 3 and (y) after December 1, 2020, the applicable percentage set forth on Schedule 3; plus 

  
 11 

 (e) fees due to Manager under Section 3.4 in respect of Managed Containers acquired
during such month; plus  
 (f) fees due to Manager under Section 3.2(b) in respect of Administrative Functions performed
during such month; 
 provided that the Management Fee otherwise payable in respect of each TUS Subleased Container shall be reduced by the amount of
the TUS Sublease Spread in order to reflect the fact that certain services provided by TUS with respect to the TUS Subleased Containers are no longer being performed pursuant to this Agreement but instead are being performed by TUS on its own behalf
as sublessor of such Managed Containers. Notwithstanding anything to the contrary contained in this Agreement, for purposes of calculating the amount of the Management Fee with respect to NOI attributable to TUS Subleased Containers, only the
payments received from the TUS Sublessees shall be included in the components of such calculation. 
 5.2 Payment of Management Fee.
The Manager shall be entitled to withhold such Management Fee and all other amounts due to Manager under this Agreement from amounts required to be deposited into the Owner Bank Account. 

 

	6.	PAYMENTS. 

 6.1 Distribution, Reconciliation and Adjustment of Owner Proceeds. All
revenues from all Containers managed by Manager, other than Indemnification Proceeds, will be paid by obligors (or in the case of payment by checks or drafts, will be promptly deposited by Manager) into one or more bank accounts maintained by
Manager in Manager’s name (provided that Owner shall be treated, for U.S. tax and other purposes, as the owner of all such amounts that are the property of Owner), in accordance with the following procedures: 

(a) At the end of each week, based on its records of cash receipts and disbursements, Manager will calculate the Owner Proceeds for such week
(“Pre-Adjustment Owner Proceeds”), all of which Pre-Adjustment Owner Proceeds shall be subject to adjustment (based on actual cash receipts and disbursements during such month) when Manager closes its books for the month in
which such week occurs. 
 (b) Subject to the last sentence of Section 5.1, Manager shall, no later than seven (7) days
after the last Business Day of each week, deposit into the Owner Bank Account an amount equal to the Pre-Adjustment Owner Proceeds for such week , net of expenses (other than Operating Expenses), if any, to be reimbursed to Manager pursuant to
Section 6.2. 
 (c) In the last week of each calendar month the Manager will deduct from the Pre-Adjustment Owner Proceeds to be
deposited into the Owner Bank Account an amount equal to the actual Management Fee earned in the prior month as an estimate of the Management Fee (“Estimated Management Fee”) for such calendar month. 

(d) When the Manager closes its books for a calendar month (such closure to be completed within a reasonable time not to exceed thirty
(30) days (the “Monthly Adjustment 

  
 12 

 
Period”)), it will make a final determination of the Owner Proceeds and the actual Management Fee. If (a) the Pre-Adjustment Owner Proceeds less the Estimated Management
Fee for such month is less than (b) the Owner Proceeds less the actual Management Fee for such month, Manager will pay the difference to Owner within a reasonable period and in any event within the Monthly Adjustment Period. If (a) the
Pre-Adjustment Owner Proceeds less the Estimated Management Fee for such month is more than (b) the Owner Proceeds less the actual Management Fee for such month, then Manager will deduct the difference from future payments to be made to Owner.

 6.2 Reimbursements of Expenses to Manager. Owner shall be responsible for the payment of, and shall reimburse Manager for all
expenses, liabilities, claims and costs (including, without limitation, reasonable attorneys fees) incurred by or asserted against Manager as a result of Owner’s failure to comply with or perform its obligations under this Agreement. Any
amounts and expenses to be paid or reimbursed to Manager pursuant to this Section 6.2 shall be deducted by Manager from the weekly distribution of Pre-Adjustment Owner Proceeds. 

6.3 Indemnification Proceeds. When Manager receives Indemnification Proceeds, Manager shall retain for its own account, and shall not
be required to deposit into the Owner Bank Account, Indemnification Proceeds to the extent Manager has not been reimbursed for the costs incurred by Manager to which such Indemnification Proceeds apply, and shall, within seven (7) days after
receipt, deposit the balance of such Indemnification Proceeds into the Owner Bank Account. 
 6.4 Absolute Obligation. Except as
permitted in this Section 6, Manager’s obligation under this Section 6 to deposit any amount to the Owner Bank Account shall be absolute and unconditional and all payments thereof shall be made free and clear of and without any
deduction for or on account of any set-off or counterclaim or any circumstance, recoupment, defense or other right which Manager may have against Owner or any other Person for any reason whatsoever (whether in connection with the transactions
contemplated hereby or any other transactions), including without limitation, (i) any defect in title, condition, design or fitness for use, or any damage to or loss or destruction, of any Managed Container, (ii) any insolvency,
bankruptcy, moratorium, reorganization or similar proceeding by or against Manager or any other Person, or (iii) any other circumstance, happening or event whatsoever, whether or not unforeseen or similar to any of the foregoing. All amounts
held by the Manager in any bank account maintained by Manager in Manager’s name and which are the property of the Owner shall be held in trust for the benefit of the Owner, and the Owner and its owners shall be treated as owners of such amounts
for U.S. tax and other purposes. 
  

	7.	REPORTS/BOOKS AND RECORDS/INSPECTION. 

 7.1 (a) Monthly Reports. Manager
shall, no later than thirty (30) days after the end of each calendar month during the term of this Agreement, deliver to Owner and TAP financial reports with respect to performance of the Managed Containers similar in form and content to
reports provided by Manager to other owners of Containers managed by Manager. Manager reserves the right to limit the provision of data in Owner and TAP financial reports (monthly, annual or otherwise) or other data reports to exclude competitively
sensitive information regarding container level or customer level data. If Manager agrees to disclose such 

  
 13 

 
data, Manager may require Owner personnel and TAP personnel who request access to such data to execute confidentiality and non-disclosure agreements directly with Manager. Owner agrees that,
without the Manager’s prior written consent, each of Owner and TAP shall not share any reports or data provided to Owner or TAP by Manager under this Section 7 with any Person other than Owner’s or TAP’s officers. 

(b) Equipment and Lease Report. Within thirty (30) days after the end of each fiscal quarter, Manager shall deliver to Owner and
TAP a report, solely as to the Managed Containers, reporting: (i) the number and type of Managed Containers, (ii) the aggregate Net Book Values of the Managed Containers, (iii) the aggregate Original Equipment Cost of the Managed
Containers by type, (iv) average utilization rates, and (v) average lease rates. 
 7.2 Managed Container Financial
Reports. Manager shall, no later than the 30th of April of each year during the term of this Agreement, deliver to Owner and TAP a financial report with respect to the Managed Containers for the year ended on the preceding 31st of December, and,
if requested by Owner, arrange for its auditors, at the expense of Owner, to certify to Owner that such report is in accordance with: (i) the books and records of Manager relating to the Managed Containers, and (ii) GAAP. 

7.3 Owner Financial Statements. Manager shall deliver (or cause to be delivered) to Owner, TAP and the Administrative Agent,
(i) within sixty (60) days after the end of each of the first three fiscal quarters of each fiscal year, unaudited financial statements of Owner (which shall include no footnotes), and (ii) within one hundred twenty (120) days
after the end of each fiscal year of Owner, a copy of the annual audited financial statement of Owner prepared on a consistent basis, in conformity with GAAP and certified by an independent certified public account of recognized national standing.

 7.4 Manager’s Financial Statements. Manager shall, as soon as practicable and in any event within one hundred twenty
(120) days after the end of each fiscal year of Manager during the term of this Agreement, deliver (or cause to be delivered) to Owner, TAP and the Administrative Agent a copy of the annual audited financial statements of Manager prepared on a
basis in conformity with GAAP and certified by an independent certified public accountant of recognized national standing. 
 7.5 Asset
Base Report. If and for so long as a Loan Agreement is in effect, Manager will deliver to Owner, TAP and the Administrative Agent, on or prior to (a) each Determination Date (as defined in the Loan Agreement) and (b) each Funding Date
(as defined in the Loan Agreement), a report in form reasonably satisfactory to Owner, Manager and the Administrative Agent, setting forth the asset base under the Loan Agreement, calculated using the data available to Manager (x) with respect
to the report delivered on any Determination Date, as of the end of the immediately preceding Collection Period (as defined in the Loan Agreement), and (y) with respect to the report delivered on any Funding Date, as of the date of such report
and after giving effect to the advance under the Loan Agreement to be made on such Funding Date. 
 7.6 Insurance Confirmation.
Manager shall provide annual confirmation of the renewal of insurance required by Section 9.2 hereof before November 30 each year and shall forward copies of all certificates evidencing renewal to the Owner, TAP and the
Administrative Agent promptly after receipt. 

  
 14 

 7.7 Other Reports. Manager shall provide, in the form which Manager uses for its own
operations, any other reports and information available with respect to the Managed Containers reasonably requested by the Owner or TAP. 

7.8 Maintenance and Location of Books and Records. Manager shall cause to be maintained at 650 California Street, 16th Floor, San Francisco, California, U.S.A., such books and records (including computer records) with respect to the Managed Containers as it maintains for the Fleet and the leasing thereof, including
a computer database including the Managed Containers, any Leases and TUS Subleases relating thereto and the Lessees (if on-hire) or location (if off-hire). Manager shall notify the Owner, TAP and the Administrative Agent of any change in the
location of Manager’s books and records. 
 7.9 OFAC Audit. Manager will allow each of the Owner, the Administrative Agent and
the lenders under the Loan Agreement to conduct, at the expense of such Person, on not more than one occasion (for all such lenders, collectively with the Administrative Agent and the Owner) during any twelve month period, an audit of the screening
and monitoring process employed by Manager to ensure compliance with OFAC Sanctions. 
 7.10 Inspection of Books and Records. 

(a) Upon reasonable request, Manager shall make available to Owner, TAP and the Administrative Agent, for inspection (but not copying), its
books, records and reports relating to the Managed Containers and copies of all Leases, TUS Subleases or other documents relating thereto, all in the format which Manager uses for the Fleet. Such inspections shall be conducted during normal business
hours and shall not unreasonably disrupt Manager’s business. The Owner, TAP and the Administrative Agent shall use reasonable efforts to coordinate, to the extent possible, the timing of each of their inspections and shall collectively have the
right to one (1) such inspection per calendar year, to be conducted at the sole expense of the Owner. 
 (b) The Owner, TAP and the
Administrative Agent shall have the right, upon reasonable request, to inspect the Managed Containers at any time, upon reasonable notice and to the extent Manager has access thereto, subject to the Leases and TUS Subleases, and provided such
inspection does not interfere with utilization of the Managed Containers in the ordinary course of business. 
 7.11 Notices. The
Manager will deliver to the Owner, TAP and the Administrative Agent: 
 (a) Immediately upon becoming aware of the existence of any
condition or event which constitutes a Manager Default or which, with notice and lapse of time, would become a Manager Default, a written notice describing its nature and period of existence and what action the Manager is taking or proposes to take
with respect thereto; 
 (b) Promptly upon the Manager’s becoming aware of: 

(i) any threatened or pending investigation of it by any Governmental Authority or agency, or 

  
 15 

 (ii) any threatened or pending court or administrative proceeding which individually or in the
aggregate involves the possibility of materially and adversely affecting a material portion of the Managed Containers or the business or financial conditions of the Manager, 

a written notice specifying the nature of such investigation or proceeding and what action the Manager is taking or proposes to take with respect thereto and
evaluating its merits; and 
 (c) Promptly after its becoming available, written notice of any material (as determined by Manager in its
reasonable discretion) change in Manager’s credit and collection policy. 
 7.12 Confidentiality. By accepting its rights under
this Agreement, each of the Owner, the Administrative Agent and each lender under the Loan Agreement is deemed to have agreed that it and its Affiliates and its respective shareholders, directors, agents, representatives, accountants and attorneys
shall keep confidential any matter of which any of them becomes aware through this Section 7 (unless (i) readily available from public sources; (ii) was rightfully known to the recipient or was rightfully in the
recipient’s possession prior to the date of its disclosure and which was not disclosed to the recipient by the disclosing party under confidentiality obligations still binding on the disclosing party; (iii) becomes available to the
recipient from a third party unless to the recipient’s knowledge such third party acquired such information from the disclosing party in breach of an obligation of confidentiality to the disclosing party; (iv) has been approved for release
by written authorization of the disclosing party; or (v) has been independently developed or acquired by the recipient without violating restrictions on confidentiality known to the recipient), except (A) as may be otherwise required by
regulation, law or court order or required by appropriate governmental authorities or (B) to the extent that the Administrative Agent or any lender under the Loan Agreement is required to make such information available to such Person’s
regulators or credit or liquidity providers who are bound by obligations of confidentiality no less strict than those applicable to such Administrative Agent or lender; provided that any Person receiving information through this
Section 7 may disclose (x) any information with respect to the U.S. federal and state income tax treatment applicable to such Person of the transactions contemplated hereby (“tax treatment”) or any facts that
may be relevant to understanding such tax treatment, which facts shall not include for this purpose the names of the parties or any other Person named herein, or information that would permit identification of the parties or such other Persons, or
any pricing terms or other nonpublic business or financial information that is unrelated to such tax treatment or facts and (y) all materials of any kind (including opinions or other tax analyses) that are provided to any of the Persons
referred to above relating to such tax treatment and facts. 
 7.13 Compliance with Law and Lessor Obligations. In the performance of
its obligations under this Agreement, Manager will comply with applicable law and its obligations as lessor under the Leases. 

  
 16 

	8.	WARRANTY. 

 8.1 NO OWNER WARRANTIES. THE MANAGED CONTAINERS ARE BEING DELIVERED BY
OWNER TO MANAGER “AS IS”. OWNER MAKES NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE CONDITION, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF THE MANAGED CONTAINERS, THE ABSENCE OF LATENT OR OTHER
DEFECTS, WHETHER OR NOT DISCOVERABLE, THE ABSENCE OF OBLIGATIONS BASED ON STRICT LIABILITY IN TORT, OR ANY OTHER REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED. 

8.2 LIMITATIONS ON MANAGER WARRANTIES. MANAGER WARRANTS THAT IT WILL CARRY OUT ITS SERVICES WITH REASONABLE CARE AND SKILL. THIS
EXPRESS WARRANTY IS IN LIEU OF ALL OTHER WARRANTIES, WHETHER EXPRESS OR IMPLIED. UNDER NO CIRCUMSTANCES SHALL MANAGER HAVE ANY LIABILITY TO OWNER FOR ANY INCIDENTAL, SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGES, OR FOR LOST PROFITS, SAVINGS OR
REVENUES OF ANY KIND. 
  

	9.	INSURANCE. 

 9.1 Lessee/Depot Insurance. Manager shall require that all Lessees
and Container depots insure (via third-party insurance, or self-insurance when acceptable to Manager) the Managed Containers against all normally insurable risks (including, but not limited to, liability, loss, damage and recovery cost) while the
Managed Containers are under the control of such Person. 
 9.2 Contingency Insurance. Manager, to the extent commercially reasonable
and obtained and maintained by Manager for the Fleet as a whole, shall obtain from financially sound and reputable insurers and maintain in force contingency insurance (the “Contingency Insurance”) with respect to the Managed
Containers upon such terms, in such amounts, against such risks and with such deductibles as is maintained by Manager for the Fleet as a whole. Such insurance may provide coverage when: (i) recoveries are not effected under any policies in
force pursuant to Section 9.1 hereof, and/or (ii) any Managed Container is not returned to Manager by a defaulting Lessee (including costs of recovering such Managed Containers), or (iii) the Lessee or Container depot fails to
obtain insurance as provided under Section 9.1 hereof. Such insurance may be effected by a policy which covers the entire Fleet, and shall include an additional insured and loss payee endorsement in favor of the Administrative Agent with
respect to the Managed Containers. Manager will notify the Owner and the Administrative Agent if it does not carry such insurance within thirty (30) days after ceasing to carry the same. 

9.3 Receipt of Insurance Proceeds. Subject to Section 6.3 of this Agreement, Manager shall receive and remit to Owner all
monies payable under such policy or policies of insurance as described in Sections 9.1 and 9.2 hereof, whether effected by Manager, depots or Lessees. 

9.4 No Liability of Manager. Manager shall have no liability for any loss, damage, recovery cost or other cost or expense whatsoever
with respect to such lost or destroyed Managed Containers, whether or not covered by insurance. 

  
 17 

	10.	TERM; RESIGNATION BY MANAGER. 

 10.1 Term. The term of this Agreement shall
commence on the date first above written and continue in force with respect to a Managed Container until the date on which such Managed Container becomes a Terminated Managed Container. Notwithstanding the foregoing, Owner may terminate
Manager’s appointment to fulfill the Administrative Functions, at any time after Manager or an Affiliate of Manager no longer maintains an equity ownership interest in Owner, upon at least thirty days’ prior written notice. Upon the
effectiveness of any such termination of the Administrative Functions, Manager shall no longer be entitled to the fees described in Section 5.1(f) with respect to periods after such effectiveness, and Manager shall no longer be
required to perform any of the duties described in Section 7.3 or 7.5 or any of the Administrative Functions. 
 10.2
Manager Resignation. No resignation of the Manager from its obligations hereunder shall, to the extent consistent with applicable law, become effective until a Replacement Manager has assumed the responsibilities of the resigning Manager in
accordance with the terms of this Agreement. 
  

	11.	MANAGER DEFAULT. 

 11.1 Manager Default Defined. Any of the following events or
conditions is a “Manager Default”: 
 (a) Manager shall fail to (i) make any deposit to the Owner Bank Account
within five (5) Business Days after such deposit becomes due hereunder, or (ii) deliver a report required under Section 7.5 within five (5) Business Days after the due date thereof; 

(b) Manager shall commit a material breach of this Agreement not addressed in Section 11.1(a), and such breach shall continue
unremedied for a period of thirty (30) days after the earlier to occur of (i) an officer of Manager has actual knowledge thereof or (ii) Manager receives notice thereof; 

(c) Any representation or warranty made by the Manager herein, or in any certificate, report or financial statement delivered by it pursuant
hereto, proves to have been untrue in any material and adverse respect when made and continues unremedied for a period of thirty (30) days after the earlier to occur of (i) an officer of the Manager has actual knowledge thereof and
(ii) the Manager receives notice thereof; 
 (d) Manager shall cease to be engaged in the Container management business; 

(e) Manager shall be adjudicated or found bankrupt or insolvent by any competent court in an involuntary Insolvency Proceeding or an order
shall be made by a competent court or a resolution shall be passed for the winding-up or dissolution of Manager or a petition shall be presented to, or an order shall be made by, a competent court for the appointment of an administrator of Manager,
and, in the case of such involuntary Insolvency 

  
 18 

 
Proceeding, such adjudication, finding, order or petition shall not have been stayed, vacated or dismissed within sixty (60) days after the making of such adjudication, finding, or order, or
the presentation of such petition; 
 (f) Manager shall suspend payment of its debts generally or shall be unable to, or shall admit
inability to, pay its debts as they fall due, or shall commence an Insolvency Proceeding or shall take any company action in furtherance of any such action; or 

(g) Except as permitted by Sections 13 and 22.5, Manager assigns its interest under this Agreement; 

(h) Manager shall have failed to pay any amounts due, or suffered to exist an event of default under the terms governing, any indebtedness of
Manager that, singularly or in the aggregate, exceeds One Million Dollars ($1,000,000) in principal amount, and the effect of such failure or event of default is to cause such indebtedness to be immediately declared due and payable prior to the date
on which it would otherwise have been due and payable; 
 (i) Either of the following events or conditions shall exist: (i) Manager
shall have Consolidated Funded Debt in excess of One Million Dollars ($1,000,000); or (ii) the annual after-tax profit of Manager (calculated on a rolling four quarter basis) shall be less than Two Million Dollars ($2,000,000) (for purposes of
this Section 11.1(i), “Consolidated Funded Debt” of Manager means, as of any date of determination, the total amount of all interest-bearing obligations (determined in accordance with GAAP and including all issued
and undrawn letters of credit) of Manager, which obligations shall include, without limitation, (i) the principal amount outstanding under all indebtedness of Manager, (ii) all contingent obligations of Manager arising under letters of
credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (iii) all capital lease obligations of Manager on its own behalf and not as agent, (iv) all obligations of Manager
(on its own behalf and not as agent) for the deferred purchase price of equipment, and (v) the present value of all operating lease payments for leases of equipment (which present value shall be calculated using an annual discount rate equal to
LIBOR plus one and one-half percent (1.5%), but shall exclude intracompany obligations) of Manager, on its own behalf and not as agent); 

(j) A Change of Control shall occur with respect to the Manager, unless, after giving effect to such Change of Control, TEML is the surviving
entity of such sale, conveyance, contribution, transfer or lease of all, or substantially all, of its assets to any Person; or 
 (k) A
final judgment shall be rendered against Manager, which results in a Material Adverse Change with respect to Manager and is not covered by insurance, and such judgment shall not have been vacated or discharged for a period of thirty (30) days
after becoming final (after expiration of all appeals), and there shall not be in effect (by reason of a pending appeal or otherwise) any stay of enforcement thereof. 

11.2 Termination. If a Manager Default shall have occurred and be continuing, the Owner or the Administrative Agent shall have the
right, in addition to other rights or remedies that the Owner or its assignee may have under any applicable law or in equity to: (i) terminate this Agreement with respect to Terminated Managed Containers and (ii) appoint a Replacement

  
 19 

 
Manager to manage the Terminated Managed Containers. Notwithstanding anything contained herein to the contrary, (A) this Agreement shall continue in full force and effect with respect to a
Managed Container until such time as such Managed Container becomes a Terminated Managed Container, and Manager shall continue to manage such Managed Container pursuant to the terms and conditions of this Agreement, until the date such Managed
Container becomes a Terminated Managed Container, and (B) Owner or the Administrative Agent shall have no right to recover possession or control of any Managed Container prior to the date such Managed Container becomes a Terminated Managed
Container. Promptly after a Managed Container becomes a Terminated Managed Container, unless such Terminated Managed Container is lost or unrecoverable, Manager shall: (1) deliver to the Owner and the Administrative Agent a report of the
location of such Terminated Managed Container, and (2) unless such Terminated Managed Container is subject to a Finance Lease, procure the return of such Terminated Managed Container to Owner in the depot where such Terminated Managed Container
is located. In the case of a Terminated Managed Container which is subject to a Finance Lease under which all subject Containers are Managed Containers, Manager shall promptly assign Manager’s interest in such Finance Lease to Owner or such
other party as Owner shall designate in writing to Manager (which assignee the Owner hereby agrees shall be the Administrative Agent or its designee). Each of Owner and the Administrative Agent shall also have the right in its sole discretion to
waive any Manager Default and the remedies available as a consequence thereof. 
 11.3 Replacement Manager. Upon the appointment of a
Replacement Manager, Manager shall cooperate with Owner and the Administrative Agent in transferring to such Replacement Manager the management of the Terminated Managed Containers, including, but not limited to making available all books and
records (including data contained in Manager’s computer systems, but not software) pertaining to the Terminated Managed Containers, providing access to, and cooperating in the transfer of, information pertaining to the Terminated Managed
Containers from Manager’s computer system to Owner’s or its designee’s system, and taking any other action as may be reasonably requested by Owner or its assignee to ensure the orderly assumption of management of the Terminated
Managed Containers by such Replacement Manager. Such data shall include the locations and serial numbers of all Terminated Managed Containers, which shall be provided in an Microsoft Excel file or similar other computer readable format, and
originals (other than Leases or TUS Subleases which are not Finance Leases or TUS Finance Subleases) of all documents pertaining solely to the Terminated Managed Containers. Subject to the immediately preceding sentence, in no event shall Manager be
required to, and the Administrative Agent shall not, deliver or disclose to any Replacement Manager any information, data, document or agreement which is proprietary to Manager, including but not limited to the terms and conditions of Leases or TUS
Subleases other than Finance Leases and TUS Finance Subleases. 
 11.4 Lessee Rights. In no event shall Manager be required to act in
any manner inconsistent with the rights of Lessees under any Leases or TUS Sublessees under TUS Subleases related to the Managed Containers. 

11.5 Rights Cumulative; Owner Costs. Termination of this Agreement shall be without prejudice to the rights and obligations of the
parties which have accrued prior to such termination; provided, however, that any amount then due to Manager shall be reduced by the reasonable and necessary out-of-pocket costs incurred by Owner and the Administrative Agent

  
 20 

 
(excluding management fees and any other costs incurred within the ordinary scope of management and operation of the Terminated Managed Containers) in connection with the removal and replacement
of Manager as manager of the Terminated Managed Containers. 
 11.6 Waiver of Manager Default. Upon any waiver of any Manager Default
or the remedies or consequences thereof, such default shall cease to exist, and any default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default
or impair any right consequent thereon except to the extent expressly so waived. No delay by the Owner or the Administrative Agent or any of its assigns, shall constitute any such waiver or prejudice the Owner or the Administrative Agent in
exercising any right, power or privilege arising out of such Manager Default. 
 11.7 Manager’s Cooperation. The Manager agrees
to cooperate with any Replacement Manager in effecting the termination and transfer of the responsibilities and rights of the Manager pursuant to Section 11, and the transfer thereof to the successor Manager, including, without
limitation, the preparation, execution and delivery of any and all documents and other instruments, the execution and delivery of assignments of financing statements, and the transfer to the successor Manager for administration by it of all cash
amounts which shall at the time be held by the Manager or thereafter received with respect to the Managed Containers. Subject to the provisions of Section 11.3 hereof, the Manager hereby agrees to transfer to any Replacement Manager
copies of its electronic records and all other records, correspondence and documents relating to the Managed Containers in the manner and at such times as the Manager Transfer Facilitator and any Replacement Manager shall reasonably request and do
any and all other acts or things necessary or appropriate to effect the purposes of termination; provided, however, that the Manager shall not be required to transfer or otherwise make available any Leases or TUS Subleases (or terms thereof)
relating to the Terminated Managed Containers. 
  

	12.	NON-EXCLUSIVITY. 

 During the term of this Agreement, Manager may provide services
(similar or dissimilar) directly or indirectly to any other Person or on behalf of any other Person. 
  

	13.	SUB-CONTRACTORS. 

 Owner hereby consents to and agrees that, in performing its duties
hereunder, Manager may further contract with its Affiliates to provide any or all services to be provided by Manager, provided that Manager shall remain primarily liable for all services which its Affiliates have contracted to perform. Owner further
consents to and agrees that Manager shall be entitled to appoint subcontractors who are not its Affiliates to carry out any portion of its duties hereunder; provided, however, that (i) Manager shall remain primarily liable for all such
services and (ii) Manager shall not subcontract all or a substantial portion of its duties hereunder to any Person that is not an Affiliate of Manager without the prior written consent of Owner and the Administrative Agent. 

 

	14.	LIENS. 

 14.1 Liens. Manager agrees not to create, incur, assume or grant, or
suffer to exist, directly or indirectly, any Lien of any kind on or concerning the Managed Containers other than Permitted Encumbrances. Manager shall promptly take or cause to be taken such action as may be necessary to discharge any such Lien.

  
 21 

 14.2 Leases. Manager or an Affiliate thereof is holding the Leases and the TUS Subleases
(to the extent, but only to the extent, that such Leases or TUS Subleases relate to the Managed Containers) on behalf of, and for the benefit of Owner and the Administrative Agent. None of such Leases (or any such TUS Sublease) shall have any marks
or notations indicating that it has been pledged, assigned or otherwise conveyed to any named Person. 
  

	15.	NO PARTNERSHIP. 

 Nothing in the Agreement shall be deemed to constitute a partnership or
joint venture for U.S. tax or other purposes between the parties hereto. Under no circumstances may this Agreement be interpreted to provide for a sharing of benefits between Owner and Manager or among Owner and the owners of other Containers
managed by Manager. 
  

	16.	FORCE MAJEURE. 

 Neither party shall be deemed to be in breach of its obligations
hereunder nor shall it be liable to the other for any loss or damage which may be suffered as a direct or indirect result of the performance of any of its obligations being prevented, hindered or delayed by reason of any Force Majeure circumstances.
“Force Majeure circumstances” shall mean any act of God, war, riot, terrorist act, civil commotion, strike, lock-out, trade dispute or labor disturbance, accident, breakdown of plant or machinery, explosion, fire, flood,
difficulty in obtaining workmen, materials or transport, government action, epidemic, difficulty or impossibility in obtaining access to any of the Managed Containers, or other circumstances whatsoever outside the control of such party affecting the
performance of such party’s duties hereunder. 
  

	17.	CURRENCY/BUSINESS DAY. 

 17.1 Currency. All sums payable under this Agreement
shall be paid in the lawful currency of the United States of America. 
 17.2 Business Day. Notwithstanding anything to the contrary
contained herein, if any date on which a payment becomes due hereunder is not a Business Day, then such payment may be made on the next succeeding Business Day with the same force and effect as if made on such scheduled date. 

 

	18.	INDEMNIFICATION. 

 18.1 By Owner. Owner shall defend, indemnify and hold Manager
and its Affiliates and their respective shareholders, officers, directors, agents and employees (collectively, “Manager Indemnified Parties”) harmless from and against any and all third-party claims, actions, damages,
expenses, losses or liabilities, including, without limitation, reasonable attorneys’ fees and other out-of-pocket expenses, incurred in defending against the same (“Claims or Losses”) asserted against, or incurred by,
any Manager Indemnified Party and arising with respect to the Managed Containers or the services rendered by the Manager to the Owner (including Acquisition Functions, Administrative Functions and Management Functions)

  
 22 

 
pursuant to the terms of this Agreement; provided, however, that the foregoing indemnity shall not apply to any Claims or Losses to the extent caused by, or arising from, (i) the
gross negligence or the willful misconduct of the Manager in the case of the Administrative Functions, (ii) the negligence, gross negligence or willful misconduct of Manager in the case of the Management Functions or Acquisition Functions,
(iii) a breach by the Manager of its contractual obligations hereunder (other than with respect to the Administrative Functions) or (iv) any material misrepresentation made by the Manager herein. 

18.2 By Manager. Manager agrees to, and hereby does, indemnify and hold harmless the Owner, its assignees and their respective
officers, directors, employees and agents (each of the foregoing, an “Indemnified Party”) against any and all Claims or Losses which may be incurred or suffered by any Indemnified Party (except to the extent caused by the
negligence or willful misconduct of any Indemnified Party) as a result of claims, actions, suits or judgments asserted or imposed against an Indemnified Party and arising out of (i) breach by the Manager of its covenants and obligations
hereunder related to the Management Functions or the Acquisition Function or (ii) a material breach by the Manager of its representations and warranties set forth in this Agreement; provided, however, that the indemnity obligation of
TEML pursuant to this Section 18.2 shall not extend to any consequential, indirect or special damages incurred by any Indemnified Party. 

18.3 Survival of Obligations. The obligations of the Owner and the Manager under Sections 18.1 and 18.2
hereof, respectively, shall survive the termination of this Agreement. 
  

	19.	REPRESENTATIONS AND WARRANTIES. 

 19.1 By Manager. Manager represents and warrants
to Owner that: 
 (a) The Manager is a company duly continued into Bermuda and validly existing and in compliance under the laws of Bermuda;

 (b) The Manager has the requisite power and authority to enter into and perform its obligations under this Agreement, and all requisite
corporate authorizations have been given for it to enter into this Agreement and to perform all the matters envisaged hereby. Upon due execution and delivery hereof this Agreement will constitute the valid, legally binding and enforceable obligation
of Manager, subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles; 

(c) The Manager has not breached its memorandum of continuance or bye-laws or any other agreement to which it is a party or by which it is
bound in the course of conduct of its business and corporate affairs or any applicable laws and regulations of Bermuda in such manner as would in any such case have a materially adverse effect on its ability to perform its obligations under this
Agreement; 
 (d) The consummation of the transactions contemplated by and the fulfillment of the terms of this Agreement will not conflict
with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, the memorandum of continuance or bye-laws of Manager, or any material term of any indenture,

  
 23 

 
agreement, mortgage, deed of trust, or other instrument to which Manager is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties
pursuant to the terms of any such indenture, agreement, mortgage, deed of trust, or other instrument, or violate any law or any order, rule, or regulation applicable to Manager of any court or of any federal or state regulatory body, administrative
agency, or other Governmental Authority having jurisdiction over Manager or any of its properties; 
 (e) There are (i) no proceedings
or investigations pending, or, to the knowledge of Manager, threatened, before any court, regulatory body, administrative agency, or other tribunal or Governmental Authority (A) asserting the invalidity of this Agreement, (B) seeking to
prevent the consummation of any of the transactions contemplated by this Agreement, or (C) seeking any determination or ruling that might materially and adversely affect the performance by Manager of its obligations under, or the validity or
enforceability of, this Agreement; and (ii) no injunctions, writs, restraining orders or other orders in effect against Manager that would adversely affect its ability to perform under this Agreement; 

(f) Manager shall have control over and be responsible for the method or means by which the Management Functions, Administrative Functions and
Acquisition Functions are performed; and 
 (g) The Head Lease Agreement creates for the benefit of the Manager or Owner a valid and
enforceable security interest in each TUS Sublease and the payments payable by TUS under the Head Lease Agreement to the extent (but only to the extent) of any TUS Subleased Containers. 

19.2 By Owner. Owner represents and warrants to Manager that: 

(a) Owner is a company duly organized, validly existing and in compliance under the laws of Bermuda; 

(b) Owner has the requisite power and authority to enter into and perform its obligations under this Agreement, and all requisite corporate
authorizations have been given for it to enter into this Agreement and to perform all the matters envisaged hereby. Upon due execution and delivery hereof this Agreement will constitute the valid, legally binding and enforceable obligation of Owner,
subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles; 

(c) Owner has not breached its memorandum of association or bye-laws or any other agreement to which it is a party or by which it is bound in
the course of conduct of its business and corporate affairs or any applicable laws and regulations of Bermuda in such manner as would in any such case have a materially adverse effect on its ability to perform its obligations under this Agreement;

 (d) The consummation of the transactions contemplated by and the fulfillment of the terms of this Agreement will not conflict with,
result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, the memorandum of association or bye-laws of Owner, or any material term of any indenture, agreement,
mortgage, deed of trust, or other instrument to which Owner is a party or by which it is bound, or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such indenture,

  
 24 

 
agreement, mortgage, deed of trust, or other instrument, or violate any law or any order, rule, or regulation applicable to Owner of any court or of any federal or state regulatory body,
administrative agency, or other Governmental Authority having jurisdiction over Owner or any of its properties; 
 (e) There are (i) no
proceedings or investigations pending, or, to the knowledge of Owner, threatened, before any court, regulatory body, administrative agency, or other tribunal or Governmental Authority (A) asserting the invalidity of this Agreement,
(B) seeking to prevent the consummation of any of the transactions contemplated by this Agreement, or (C) seeking any determination or ruling that might materially and adversely affect the performance by Owner of its obligations under, or
the validity or enforceability of, this Agreement, and (ii) no injunctions, writs, restraining orders or other orders in effect against Owner that would adversely affect its ability to perform under this Agreement; and 

(f) Owner shall not have control over and shall not be responsible for the method or means by which the Management Functions and Acquisition
Functions are performed. 
  

	20.	COVENANTS 

 20.1 Covenants of Manager. Manager agrees that: 

(a) Tax. 
 (i) Manager
will not hold itself out as a dependent agent or employee of Owner; 
 (ii) Except for the execution of Leases and the sale of Managed
Containers as expressly set forth in this Agreement, Manager will not bind Owner through its activities pursuant to this Agreement contractually or otherwise; and 

(iii) Manager shall not take any action that would cause it to be characterized as a dependent agent or employee for U.S. tax purposes. 

(b) OFAC. Manager shall not derive more than ten percent (10%) of its assets or operating income from investments in or
transactions with any Sanctioned Person, unless otherwise authorized by OFAC Sanctions or by a license issued by OFAC. 
 20.2 Covenants
of Owner. Owner agrees that: 
 (a) Tax. 

(i) Owner shall not hold Manager out as a dependent agent or employee of Owner; 

  
 25 

 (ii) Except for the execution of Leases and the sale of Managed Containers as expressly set
forth in this Agreement, Owner shall not give Manager the right to bind Owner through its activities pursuant to this Agreement contractually or otherwise; 

(iii) Owner shall not take or cause Manager to take any action that would cause Manager to be characterized as a dependent agent or employee
for U.S. tax purposes; and 
 (iv) Manager shall perform all of its Management and Administrative Functions outside of the United States.

 (b) No Liens on Third-Party Containers. Notwithstanding anything herein to the contrary, Owner shall not create any Lien, or
suffer to exist any Lien created by or through the Owner (other than by Manager), on any Lease to the extent that such Lease relates to any Containers which are not Managed Containers. 

 

	21.	LOAN AGREEMENT. 

 21.1 Loan Agreement. In order to secure the indebtedness
evidenced by the Loan Agreement, the Owner may agree to create a Lien on the Managed Containers in favor of the Administrative Agent. Manager acknowledges the potential for, and agrees to consent in writing to, such Lien (but solely to the extent
that such Lien on any Lease is restricted to the Managed Containers subject to such Lease and the related rent, and no Container other than any such Managed Container is encumbered by such Lien). If such Lien has been created and Manager has been so
notified, Owner hereby directs, and Manager acknowledges, that, until Manager receives written notice from Administrative Agent that all obligations due under the Loan Agreement are satisfied, all rights of Owner under this Agreement with respect to
the Managed Containers, including the right of Owner to execute any election or option or to give any notice, consent, waiver or approval, to receive copies of all notices and other instruments or communications, to accept surrender or redelivery of
any Managed Container or any part thereof, as well as all the rights, powers and remedies on the part of the Owner under this Agreement to take such action upon the occurrence and during the continuance of a Manager Default, including the
commencement, conduct and consummation of legal, administrative or other proceedings as shall be permitted by this Agreement or by law, and to do any and all other things whatsoever to which Owner is or may be entitled under or in respect of this
Agreement and any right to restitution from Manager or any other Person in respect of any determination of invalidity of this Agreement, shall be exercised only by Administrative Agent, as collateral assignee of the Owner’s rights with respect
to the Managed Containers. 
 21.2 Nondisturbance Agreement. Owner hereby agrees to cause the Administrative Agent (on behalf of the
lenders under the Loan Agreement) to enter into a Nondisturbance Agreement (defined below) with Manager. “Nondisturbance Agreement” means an agreement, in form and substance reasonably satisfactory to Manager, providing,
among other things, that: (i) the payment in full of all amounts due and payable to Manager under this Agreement shall be prior to the payment of any amount due in respect of the Loan Agreement and related documents; (ii) in the event of
any exercise of remedies under the Loan Agreement or related documents (a “Foreclosure”), Administrative Agent and the lenders under the Loan Agreement 

  
 26 

 
shall assume all obligations of the Owner under this Agreement and cause any purchaser in a Foreclosure to assume all obligations of Owner hereunder; and (iii) in the event of any bankruptcy
or insolvency proceeding by or against Owner, Administrative Agent (on behalf of the lenders under the Loan Agreement) shall: (A) authorize Manager to request adequate protection in the form of an assumption by the debtor or estate
representative of this Agreement and use reasonable efforts to cause the debtor in bankruptcy to assume this Agreement and (B) not initiate, prosecute or participate in any claim or action in such insolvency proceeding directly or indirectly
challenging the enforceability, validity or priority of this Agreement, or propose or vote in support of any plan unless such plan provides that the payment of amounts due under this Agreement occurs before payments or distributions (whether in
cash, property or securities) are made in respect of the Loan Agreement and related documents. 
  

	22.	GENERAL. 

 22.1 Notices. All notices, demands or requests given pursuant to this
Agreement shall be in writing, sent by internationally-recognized, overnight courier service or by facsimile or hand delivery to the following addresses: 
  

					
	To Manager:	  	Textainer Equipment Management Limited
		  	c/o Century House
		  	16 Par-la-Ville Road
		  	Hamilton HM HX, Bermuda
		  	Telephone:	  	+1-441-292-2487
		  	Facsimile:	  	+1-441-295-4164
		  	Attention:	  	Executive Vice President - Asset Management
		
		  	with a copy to:
		
		  	Textainer Equipment Management (U.S.) Limited
		  	650 California St., 16th Floor
		  	San Francisco, CA 94108
		  	Attention:	  	Chief Financial Officer
		  	Telephone:	  	415-434-0551
		  	Facsimile:	  	415-434-0599

  
 27 

					
	To Owner:	  	TAP Funding Ltd.
		  	c/o Textainer Equipment Management Limited
		  	c/o Century House
		  	16 Par-la-Ville Road
		  	Hamilton HM HX, Bermuda
		  	Telephone:	  	+1-441-292-2487
		  	Facsimile:	  	+1-441-295-4164
		  	Attention:	  	Executive Vice President - Asset Management
		
		  	with a copy to:
		
		  	Textainer Equipment Management (U.S.) Limited
		  	650 California St., 16th Floor
		  	San Francisco, CA 94108
		  	Attention:	  	Chief Financial Officer
		  	Telephone:	  	415-434-0551
		  	Facsimile:	  	415-434-0599
		
	To the Administrative Agent:	  	ABN AMRO Capital USA LLC
		  	100 Park Avenue, 17th Floor
		  	New York, NY 10017
		  	Attention:	  	Wudasse Zaudou, Agency Syndicated Loans
		  	Tel: 917-284-6915

 Notice shall be effective and deemed received (a) two (2) days after being delivered to the courier service, if sent
by courier, (b) upon receipt of confirmation of transmission, if sent by telecopy, or (c) when delivered, if delivered by hand. 

22.2 Attorneys’ Fees. If any proceeding is brought for enforcement of this Agreement or because of an alleged dispute, breach,
default, in connection with any provision of this Agreement, the prevailing party shall be entitled to recover, in addition to other relief to which it may be entitled, reasonable attorney fees and other costs incurred in connection therewith. 

22.3 Further Assurances. Owner and Manager shall each perform such further acts and execute such further documents as may be necessary
to implement the intent of, and consummate the transactions contemplated by, this Agreement. 
 22.4 Severability. If any term or
provision of this Agreement or the performance thereof shall to any extent be or become invalid or unenforceable, such invalidity or unenforceability shall not affect or render invalid or unenforceable any other provision of this Agreement and this
Agreement shall continue to be valid and enforceable to the fullest extent permitted by law. 
 22.5 Successors and Assigns. This
Agreement shall be binding upon and inure to the benefit of, and be enforceable by, Owner and Manager, and their respective successors in interest or permitted assigns; provided, however, that this Agreement and the rights and duties of

  
 28 

 
Manager hereunder may be assigned to an Affiliate of Manager. The Manager hereby acknowledges and agrees that Owner shall assign as collateral all of its rights, title and interest under this
Agreement to the Administrative Agent, and Manager hereby consents to such assignment. Owner may not otherwise assign or transfer its interest (whether by operation of law, a Change of Control or otherwise) under this Agreement without the prior
written consent of Manager. 
 22.6 Waiver. Subject to Section 22.8, waiver of any term or condition of this Agreement
(including any extension of time required for performance) shall be effective only if in writing and shall not be construed as a waiver of any subsequent breach or waiver of the same term or condition or a waiver of any other term or condition of
this Agreement. No delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver hereof. 

22.7 Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. 
 22.8 Entire Agreement; Amendment. This Agreement represents the entire agreement between the
parties with respect to the subject matter hereof. The terms of this Agreement may be amended, modified or waived only by a written instrument signed by the Manager and the Owner and only with the prior written consent of the Administrative Agent.

 22.9 Counterparts. This Agreement may be signed in two or more counterparts each of which shall constitute an original instrument,
but all of which together shall constitute but one and the same instrument. 
 22.10 Facsimile Signatures. Any signature required
with respect to this Agreement may be provided via facsimile or by electronic means and shall in either case be equally effective as the delivery of an originally executed counterpart. 

22.11 Governing Law, Venue, Agent for Service of Process. This Agreement shall be construed in accordance with the laws of the State of
New York without 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. Any legal suit, action or proceeding against Owner or Manager arising out of or relating to this Agreement, or any transaction contemplated hereby, may be instituted in any federal or state court in
the City of New York, State of New York and Owner and Manager each hereby waives any objection which it may now or hereafter have to the laying of venue of any such suit, action or proceeding, and, solely for the purposes of enforcing this
Agreement, Owner and Manager each hereby irrevocably submits to the jurisdiction of any such court in any such suit, action or proceeding. Each of Owner and Manager hereby irrevocably appoints and designates National Corporate Research Ltd. having
an address at 225 W. 34th Street, New York, NY 10122 its true and lawful attorney-in-fact and duly authorized agent for the limited purpose of accepting service of legal process and each of Owner and Manager agrees that service of process
upon such party shall constitute personal service of such process on such Person. Each of Owner and Manager shall maintain the designation and appointment of such authorized agent until the termination of this Agreement; provided,

  
 29 

 
however, if such agent shall cease to so act, each of Owner and Manager shall immediately designate and appoint another such agent and each shall promptly deliver to the other evidence in writing
of such other agent’s acceptance of such appointment. 
 22.12 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, AS AGAINST THE OTHER PARTY HERETO, ANY RIGHTS IT MAY HAVE TO A JURY TRIAL IN RESPECT OF ANY CIVIL ACTION OR PROCEEDING (WHETHER ARISING IN CONTRACT OR TORT OR OTHERWISE), INCLUDING ANY COUNTERCLAIM, ARISING UNDER OR RELATING TO
THIS AGREEMENT OR ANY OTHER OPERATIVE DOCUMENT, INCLUDING IN RESPECT OF THE NEGOTIATION, ADMINISTRATION OR ENFORCEMENT HEREOF OR THEREOF. 

22.13 Third-Party Beneficiaries. The Administrative Agent is an express third-party beneficiary of this Agreement and, as such, shall
have full power and authority to enforce the provisions of this Agreement on behalf of the Owner against the Manager. 
 [Signature pages
follow] 

  
 30 

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

							
	TEXTAINER EQUIPMENT MANAGEMENT LIMITED
			
		 	By	 	 /S/ Christopher C. Morris

		 		 	Name:	 	
		 		 	Title:	 	First VP and EVP

 
							
	TAP FUNDING LTD.
			
		 	By	 	 /s/ Christopher C. Morris

		 		 	Name:	 	
		 		 	Title:	 	VPEX-4.45

 EXHIBIT 4.45 

Textainer Limited 

-and- 
 Trifleet Leasing
(The Netherlands) B.V. 
 CONTAINER LEASE MANAGEMENT AGREEMENT 

 Table of contents 

 

							
			
	 1
	  	 INTERPRETATION
	  	 	3	  
			
	 2
	  	 EXCLUSIVE APPOINTMENT AND NON-COMPTITION
	  	 	4	  
			
	 3
	  	 DUTIES OF THE MANAGER; WARRANTIES, DISCLAIMERS AND LIMITATIONS
	  	 	4	  
			
	 4
	  	 COMPANY’S OBLIGATIONS
	  	 	6	  
			
	 5
	  	 PARTICIPATION
	  	 	7	  
			
	 6
	  	 DURATION
	  	 	7	  
			
	 7
	  	 TERMINATION
	  	 	8	  
			
	 8
	  	 RENTAL
	  	 	8	  
			
	 9
	  	 FEES
	  	 	9	  
			
	 10
	  	 REVIEW OF CALCULATIONS; INSPECTION AND INFORMATION
	  	 	9	  
			
	 11
	  	 MANUFACTURING FAULTS
	  	 	9	  
			
	 12
	  	 UTILIZATION
	  	 	10	  
			
	 13
	  	 INSURANCE, TOTAL LOSS OR DESTRUCTION
	  	 	10	  
			
	 14
	  	 WARRANTY AND OWNERSHIP
	  	 	10	  
			
	 15
	  	 DEFAULT
	  	 	10	  
			
	 16
	  	 SALE OF TANK CONTAINERS
	  	 	11	  
			
	 17
	  	 CONFIDENTIALLY
	  	 	12	  
			
	 18
	  	 COSTS
	  	 	12	  
			
	 19
	  	 GENERAL
	  	 	12	  
			
	 20
	  	 ASSIGNMENT
	  	 	13	  
			
	 21
	  	 FORCE MAJEURE
	  	 	13	  
			
	 22
	  	 DOMICILIUM AND NOTICES
	  	 	14	  
			
	 23
	  	 ARBITRATION
	  	 	15	  
			
	 24
	  	 GOOD FAITH
	  	 	15	  
			
	 25
	  	 NOTICES
	  	 	15	  

							
			
	 26
	  	 GOVERNING LAW
	  	 	15	  
			
	27	  	 COUNTERPARTS
	  	 	15	  
			
	28	  	 EXHIBIT A – REQUIRED LEASE LANGUAGE
	  			

 CONTAINER LEASE MANAGEMENT AGREEMENT 

This Agreement is made on 31 May 2013 
 BETWEEN:

  

	1	TEXTAINER LIMITED (a company incorporated in accordance with the laws of Bermuda) whose registered office is at 16 Par-La-Ville Road, Hamilton Bermuda, HM 08 (the “Company”); and 

 

	2	TRIFLEET LEASING (THE NETHERLANDS) B.V. whose registered office is at Buiten Walevest 15, 3311 AD Dordrecht, the Netherlands (the “Manager”) 

referred to, as the case may be, as a “Party” or the “Parties” 

Whereas: 
  

	(A)	The Company is the owner, representative of owners or lessee of certain tank containers which it wishes to lease or sub-lease to third parties. 

 

	(B)	The Company wishes to appoint the Manager as its exclusive lease management agent in relation to The Containers (as defined below) on the terms and subject to the conditions set out below. 

 

	(C)	The Manager is willing to accept the appointment on those terms and conditions. 

  

	1	INTERPRETATION 

 In this agreement – 

 

	1.1	Clause headings are for convenience and shall not be used in its interpretation; 

  

	1.2	Unless the context clearly indicates a contrary intention – 

  

	1.2.1	An expression which denotes – 

  

	1.2.1.1	Any gender includes the other genders; 

  

	1.2.1.2	A natural person includes an artificial person and vice versa; 

  

	1.2.1.3	The singular includes the plural and vice versa; 

  

	1.2.2	The following expressions shall bear the meanings assigned to them below and cognate expressions bear corresponding meanings- 

  

	1.2.2.1	“container” means a twenty (20) foot tank container for the transport and/or storage of liquids or gases 

	1.2.2.2	A reference to the Company, to the Manager or to the Parties shall be deemed to also include a reference to group companies as defined in article 24b of Book 2 of the Dutch Civil Code (“Group Companies”) if
and to the extent that these group companies are their Group Companies, even if in some other Clauses of this Agreement such reference to Group Companies is expressly made, and the Parties shall cause their Group Companies to fully and
unconditionally respect all terms and conditions of this Agreement as if this Agreement had been concluded by these Group companies themselves; 

  

	1.2.2.3	“Commencement Date” means the date of commencement of this Agreement, in regard to each of The Containers determined in accordance with Clause 6; 

 

	1.2.2.4	“The Containers” means any and all tank containers as defined in Clause 1.2.2.1 and any additional containers as the Parties may agree upon in writing and (i) which are on the date hereof and/or in the
future will be owned, leased or managed by the Company and/or its Group Companies; or (ii) that have been taken into management for the Company by the Manager in accordance with Clause 5; 

 

	1.2.2.5	“Container Cost” means with respect to each of The Containers, its cost in US Dollars (or any other currency agreed on by the Parties), as agreed by the Parties in writing on or before the Commencement Date of
The Container or, failing such agreement, the purchase price of The Container (delivered in depot) in US Dollars (or any other currency agreed on by the parties), which would have been payable by the Manager had the Manager purchased The Container
from the manufacturer thereof; 

  

	1.2.2.6	“Signature Date” means the date of signature hereto by the last of the signatories. 

  

	1.2.2.8	“Encumbrances” means any mortgage, charge, pledge, lien, option, restriction, right of first refusal, third party right or interest or any other encumbrance or security interest of any kind and any other type
of preferential arrangement (including, but not limited to title, transfer and retention arrangements) having a similar effect; 

  

	1.2.2.9	“Month” means a calendar month period. 

  

	1.2.3	Unless the context otherwise requires, a reference to a clause or schedule is a reference to a clause of or schedule to this Agreement. 

 

	1.3	The schedules form part of this Agreement and shall have the same force and effect as if set out in the body of this Agreement and references to this Agreement include the schedules. 

 

	2	EXCLUSIVE APPOINTMENT AND NON-COMPETITION 

  

	2.1	 The Company hereby exclusively appoints the Manager for the management, operation, leasing, (sub)letting and promotion of any containers as defined in
Clause 1.2.2.1, that are managed, operated, owned, leased, (sub)let or promoted by the Company or by its Group Companies throughout the world (the “Business”). This exclusive appointment of the Manager for providing the services
respectively managing the Business as described herein, is made on the basis that The Containers are managed upon the terms and conditions of and subject to the limitations specified in this Agreement. It is a material term of this Agreement

	 	
that, for the purpose of providing the services respectively managing the Business, the Manager, shall: i) enter into, administer and terminate agreements of lease in terms whereof The Containers
are let to reputable producers of chemical and pharmaceutical products, gases or foodstuffs, shipping lines, operators or other person or companies which have an interest in transporting goods by container (provided that the lessees are companies
that have been evaluated and approved in accordance with the Manager’s credit procedures) on the basis that the Manager shall use its reasonable endeavors to maximize the returns under such lease agreements; ii) sell, transfer or otherwise
dispose of The Containers; iii) collect monies and make disbursements on behalf of the Company with respect to The Containers; iv) perform the duties to be performed by the Manager hereunder, including, without limitation, those under Clause 3
hereof. 

  

	2.2	In providing such services respectively managing the Business or otherwise, the Manager shall not, without the prior written consent of the Company, enter into any transaction or conclude any agreements or other
arrangements of any nature with any third party in respect of The Containers which creates rights and obligations which are not normally created between persons in the industry dealing at arms’ length. 

 

	2.3	The Company hereby agrees not to disturb the Manager’s quiet enjoyment of The Containers during the term of this Agreement. 

  

	2.4	The Company hereby represents and warrants that as on the Signature Date neither the Company nor any of its Group Companies are either directly or indirectly engaged in and/or in any manner involved in and/or active in
any Business, and/or have contracts or agreements pertaining to or in relation with any Business with any persons, companies or businesses that are either directly or indirectly engaged in and/or in any manner involved in and/or active in a
Business. 

  

	2.5	The Company hereby furthermore agrees that, for the duration of this Agreement and for a period no shorter than 1 (one) calendar years following the date on which this Agreement has legally terminated, the Company shall
abstain and/or, for the avoidance of doubt, cause any of the Group Companies to abstain from either directly or indirectly: 

  

	 	i)	competing, in the widest sense of the word, with the Manager in connection with the Business; 

  

	 	ii)	being engaged in and/or in any manner be involved in and/or be active in the Business; or 

  

	 	iii)	having contracts or agreements pertaining to or in relation with any Business with any persons, companies or businesses that are directly or through their Group Companies competing with the Manager in the Business,

 Provided however that the limitations of this Clause 2.5 shall not apply if (i) the Manager transfers or assigns its
rights and obligations under this Agreement pursuant to Clause 20 without the consent of the Company, in which case the restrictions of this Clause 2.5 shall terminate on the effective date of such assignment, (ii) this Agreement is terminated
pursuant to Clause 7 or Clause 15 with the limitations of this clause terminating in full at the earliest date the termination is effective for any of The Containers, or (iii) the Company or any if its Group Companies acquires whether by
merger, stock purchase, or asset acquisition (a) any entity engaged in the Business that owns or manages directly or through any Group Companies containers as defined in Clause 1.2.2.1 hereof with a fair market value in excess of $200 million,
or (b) any entity named in Schedule 2.5 to this Agreement. Provided further, that with 

 
respect to any transaction excluded from Clause 2.5 by virtue of either (a) or (b) in the foregoing sentence, following the completion of such transaction, the Company shall be
permitted to operate the acquired entity’s Business in a manner consistent with the historical operation and growth rate of such Business, but the restrictions noted in Clause 2.5 shall still apply to the Company’s Business activities
excluding the acquired entity. The Company and Manager both recognize that the operation and interpretation of Clause 2.5 are subject to the obligation of good faith set forth in Clause 24 of this Agreement. 

 

	2.6	The duties of the Parties under this Agreement will be limited to those expressly set forth in this Agreement and/or those that are required by the good faith, as further referred to in Clause 24 hereof, with which this
Agreement is to be exercised. A Party will not have to the other Party any fiduciary or other implied duties or obligations than specified in this Agreement. 

  

	2.7	It is agreed between the Parties hereto that the Manager may provide services (whether similar or dissimilar) directly or indirectly to any other persons, companies or businesses or on behalf of any such other persons,
companies or businesses, or own, manage and transact in containers or other property for its own account. 

  

	2.8	Subject to the provisions of and restrictions specified in this Agreement, the Manager may without prior reference to the Company enter into contracts for the lease of The Containers on behalf of the Company but in the
name of the Manager. The Manager shall not be required to disclose to any lessee the interest of the Company in and to any of The Containers or whether the Manager may be acting as principal, agent or otherwise. 

 

	2.9	All of the functions, duties and services shall be performed by the Manager as an independent contractor and not as agent of the Company except to the limited extent set forth in this Agreement. The Manager does not
have the authority to act as formal agent or representative of the Company and the Manager, in its capacity as such, does not, except as permitted in this Agreement, have the authority to bind the Company or its assets. 

 

	2.10	The Manager and the Company expressly recognize and acknowledge that this Agreement does not create a partnership, joint venture or other entity among the Company, the Manager and/or any other person, and is intended
only to set forth the terms and conditions of the matters specifically contained herein. 

  

	3	DUTIES OF THE MANAGER; WARRANTIES, DISCLAIMERS AND LIMITATIONS 

  

	3.1	The Manager shall perform the following duties during the term of this Agreement - 

  

	3.1.1	take delivery of The Containers from or on behalf of the Company at locations agreed upon by the Parties; 

  

	3.1.2	for an additional technical fee that shall be equal to the percentage of the Container Cost (or as otherwise agreed upon from time to time between the parties) set forth in Schedule 3.1.2 (the “Owners’
Technical Fee”), assist the Company with assessing the technical specifications and procurement of The Containers when purchased new from manufacturers and inspect or arrange for the inspection of The Containers as soon as practicable following
delivery into management to ensure that they are in good leasable condition; 

	3.1.3	take reasonable and customary steps as may be required to provide for the lease of The Containers under short, medium and long term leases on such terms and conditions as it may deem satisfactory, in its sole
discretion, including evaluating the creditworthiness of the lessees, acting to ensure compliance by the lessees with the lease terms, exercising rights as lessor as needed to institute legal proceedings and/or engage in locating, repossessing and
recovering The Containers from delinquent and defaulted lessees. In doing so, the Manager shall follow such credit policies with respect to the leasing of The Containers as it follows from time to time with respect to all containers managed by it
and, subject to such credit policies, the Manager may, in its sole discretion (i) determine and approve the creditworthiness of any Lessee (but the Manager makes no representation and warranty to the Company or any other person as to the
solvency or financial stability of any lessee or the ability of any lessee to pay rent), (ii) determine that any amount due from any lessee is not collectible, (iii) institute and prosecute legal proceedings against a lessee as permitted
by applicable law, (iv) terminate or cancel any lease, (v) recover possession of The Containers from any lessee, (vi) settle, compromise or release any proceeding or claim against a lessee in the name of the Manager or, if
appropriate, in the name of the Company, or (vii) reinstate any lease; 

  

	3.1.4	furnish to the Company on a monthly basis written summary description of The Containers which shall indicate the contractual situation of the Containers from time to time; 

 

	3.1.5	affix to and maintain on The Containers all such markings, and maintain The Containers in such manner, as may be necessary or appropriate for the operation of The Containers in marine shipping service;

  

	3.1.6	procure registration of The Containers in accordance with such regulations as may be applicable to the operation of The Containers in marine shipping service; 

 

	3.1.7	perform all managerial and administrative functions necessary for the operation and leasing of The Containers to third parties, including - 

 

	3.1.7.1	negotiate and document the leasing of The Containers to third parties; 

  

	3.1.7.2	maintaining on The Containers an adequate plate or other form of identification so as to identify The Containers as being that of the Manager; 

 

	3.1.7.3	keep proper and complete records regarding the letting, operation and location of The Containers; 

  

	3.1.7.4	invoice and collect all the rentals and other income (if any) arising from the letting and/or use of The Containers and keep proper accounting and other financial records in respect thereof; 

 

	3.1.7.5	pay taxes arising out of the performance by the Manager of its duties in regard to The Containers and file any documents in regard to such taxes; 

 

	3.1.7.6	pay all Operating Costs and Expenses related to the Manager’s obligations under this Agreement; 

  

	3.1.7.7	pay to the Company the Net Container Revenue which shall be calculated in accordance with Clause 8; 

	3.1.7.8	maintain as part of Operating Costs and Expense adequate insurance arrangements which accord with the standard practices of lessors in The Container industry. The Manager shall use its reasonable efforts to require that
lessees of The Containers and depots insure The Containers against normally insurable risks (including liability and loss and damage), or make other suitable arrangements, while The Containers are under such persons’ or entities’ control
with such insurance coverage to a level that is normal and customary in the lessees’ and The Container depots’ industries respectively. The Manager will insure against contingent third party liability with a reputable insurance company
with an annual aggregate limit of not less than 10 million US Dollars ($10 million) but allowing for reasonable excess and exclusion clauses as may apply from time to time. At the sole discretion of the Manager and when cover is available in
the insurance market at reasonably satisfactory premium and terms, the Manager may also arrange lessee default contingency insurance cover that provides contingent asset insurance for The Containers, loss of rental and other consequential costs
following a lessee of the Manager becoming bankrupt or similar. The Manager shall use reasonable endeavors to procure that nothing is done which might violate the insurance policies arranged and produce to the Company sufficient evidence of payment
of insurance premiums on request. Copies of all such policies shall be delivered to the Company forthwith after entering into thereof. It being agreed to that the Manager shall have no liability for any loss, damage, recovery cost or other cost or
expense whatsoever with respect to a lost or destroyed Container, whether or not covered by insurance; 

  

	3.1.8	maintain and repair The Containers and keep The Containers in good repair, condition and working order; and 

  

	3.1.9	notify the Company of the loss or destruction of any of The Containers forthwith after the Manager becomes aware of such loss or destruction. 

 

	3.2	In performing its duties and obligations pursuant to this Agreement and providing the services described herein, the Manager shall perform its duties on a fair and equitable basis, operate The Containers in accordance
with its reasonable business practices and with no less than the same skill and care with which it manages all of the containers owned and managed by the Manager without preference to ownership thereof, and no preference will be afforded to or
against The Containers; provided however that during the entire term of this Agreement the Manager shall use reasonable endeavors to operate The Containers at a level of service at least comparable to that generally engaged in by the Manager with
respect to the containers owned by or managed by the Manager as of the Signature Date. Subject to the provisions of this Clause 3.2, the Manager shall have absolute discretion as to the manner of performance of its duties and the exercise of its
rights under this Agreement. Without limiting the foregoing and for the avoidance of doubt, the Manager does not make and hereby disclaims for the entire duration of this Agreement any express or implied representation or warranty or guarantee
regarding any financial performance of The Containers. In the event of a material breach of this Agreement by the Manager, including, for the avoidance of doubt, its Group Companies, and other than for claims arising from gross negligence, willful
misconduct or fraud, the liability of the Manager and/or its Group Companies to the Company and/or its Group Companies shall be limited to 10 million US Dollars ($10 million). 

 

	3.3	Subject to Clause 17 below, the Manager shall submit to the Company such reports in connection with the Manager’s management of The Containers as may be necessary to keep the Company informed (to the extent usual
in the industry) of all activities and dealings in relation to The Containers. Sample forms of the reports the Manager shall provide the Company are attached as Exhibit B to this Agreement. 

	3.4	It is a material term of this Agreement that the Manager shall be prohibited from the representation to any person, whether expressly, tacitly, ostensibly or otherwise, that it or persons other than the Company’s
designees are the owners of The Containers, it being understood that the Manager shall be entitled to place its standard decals on The Containers. 

  

	3.5	The Manager indemnifies the Company against all and any losses, costs, liabilities, damages, penalties, expenses (including but not limited to all costs and expenses which the Company may reasonably incur in defending
any proceedings) which The Company may incur arising out of or in connection with any claims by any third party against the Company arising out of or in connection with a breach by the Manager of its obligations under this Agreement. Other than for
claims arising from gross negligence, willful misconduct or fraud, the liability of the Manager under this Clause 3.5 shall be limited to an annual aggregate of 10 million US Dollars ($10 million) and the insurance the Manager maintains shall
have a policy limit of this amount. 

  

	3.6	The Manager hereby disclaims any and all express representations or warranties with respect to the condition, merchantability, fitness for any particular purpose or non-infringement of The Containers, the absence of
defects, whether or not discoverable, the absence of obligations based on strict liability in tort, or any other representation or warranty whatsoever, whether express or implied or written or oral or arising from course of performance, course of
dealing, or usage of trade, including any guarantee regarding any financial performance of The Containers or the lessees. 

  

	3.7	In no event and under no circumstances shall either Party be liable to the other Party or any other person under any legal or equitable theory for any incidental, consequential, indirect, exemplary, punitive or special
damages of any kind arising out of or related to this Agreement or the subject matter hereof, however caused, including but not limited to any damages for loss of profits, revenue or business under any theory of liability (whether in contract, tort,
statute or otherwise), even if such Party has been advised of or should have known of the possibility of such damages and notwithstanding any contrary provision of this Agreement or any failure of essential purpose of any limited remedy or
limitation of liability of any kind. 

  

	3.8	The Manager will deploy reasonable efforts to comply with acts, rules, regulations, orders, decrees and directions of governmental authorities applicable to The Containers or any part thereof. Additionally, the Manager
will provide the language listed in Exhibit A to this Agreement in the leases for The Containers and will endeavor not to lease The Containers to Prohibited Persons (as such term is defined in Exhibit A). 

 

	3.9	The Company hereby consents to and agrees that, in performing its duties hereunder, the Manager may further contract with its Group Companies to provide any or all services to be provided by the Manager, provided that:
(i) the Manager shall remain primarily liable for all services that its Group Companies have contracted to perform and (ii) any such contract or other arrangements between the Manager and its Group Companies shall terminate with respect to
The Containers upon the termination of the Manager in respect of any of The Containers. The Company further consents to and agrees that the Manager shall be entitled to appoint subcontractors or agents who are not its Group Companies to carry out
any portion of its duties hereunder; provided however that the Manager shall remain primarily liable for all such services. 

	4	COMPANY’S OBLIGATIONS 

  

	4.1	The Company shall at all times during the duration of this Agreement – 

  

	4.1.1	honor any contracts entered into by the Manager for the lease of The Containers to customers which are entered into in accordance with the provisions of this Agreement and allow customers to have quiet enjoyment of The
Containers while properly in their possession, custody or control; 

  

	4.1.2	subject to the Manager complying with Clause 3.1.5, comply with all applicable laws and regulations relating to the markings and labeling of The Containers; 

 

	4.1.3	supply the Manager with The Containers in accordance with a delivery schedule as is agreed upon from time to time; 

  

	4.1.4	as requested by the Manager, be responsible for costs incurred for repositioning if any of The Containers are handed over to the Manager in unsuitable locations; 

 

	4.1.5	be responsible for all costs relating to insurance, storage, repair and maintenance (less all recoveries from the lessee, insurance or other parties), statutory testing and other depot-related costs and other
Operational Costs and Expenses; and 

  

	4.1.6	other than any claims or losses to the extent caused by the Manager’s (i) gross negligence, (ii) willful misconduct, (iii) fraud or (iv) material breach of this agreement, indemnify the Manager
and keep the Manager indemnified against all and any losses, costs, damages liabilities, penalties, expenses (including but not limited to all costs and expenses which the Manager may reasonably incur in defending any proceedings) which the Manager
may incur arising out of or in connection with any claims by any third party against the Manager arising out of or in connection with the Manager being held out as the Company’s lease management agent or arising out of or in connection with a
breach by the Company of its obligations under this Agreement. 

  

	4.2	If, at the expiry of ten (10) years from the delivery date or at any other time, the Manager (acting reasonably) is of the opinion that any of The Containers require refurbishment which refurbishment is necessary
for the continued leasability of The Containers, upon presentation by the Manager of relevant documentation to support his opinion, and provided the Company does not wish to sell The Containers, then the Company shall be liable for the costs of such
refurbishment; provided that if a major refurbishment is deemed to be necessary, the Company shall be entitled to declare The Container to be beyond economic repair. In such event and notwithstanding the provisions of Clause 16 hereto, the Company
shall be entitled to sell or otherwise deal with The Container in such manner as it deems fit. 

  

	4.3	The Manager may, at its option, offset and deduct from amounts received or held by the Manager for the credit of the Company, any amount due from the Company to the Manager under this Agreement. 

	5	PARTICIPATION 

 All of The Containers shall be deemed to have been taken in management
when the Manager has been notified by the manufacturer that The Container has been built and is available for pickup from the manufacturer. It is specifically recorded and agreed that any Container which has been taken in management as aforesaid
shall subject to Clause 7 (Termination) thereafter remain in management irrespective whether or not the lease in respect thereof is cancelled or otherwise terminated, varied or modified in any respect for any reason. 

 

	6	DURATION 

  

	6.1	The Commencement Date of this Agreement in regard to each of The Containers shall be the date on which it is taken in management for the Company pursuant to Clause 5. This Agreement shall endure until the end of the
fortieth (40th) quarter after the quarter in which The Container is taken in management as set out in Clause 5. This Agreement has been signed subject to the condition that, if The Container
is then subject to a lease agreement which endures after such date, and provided that the Manager has complied with the proviso to Clause 3.1.7 this Agreement shall remain in full force and effect until the last day of the month in which such lease
agreement terminates. 

  

	6.2	Notwithstanding the provisions of Clause 6.1, this Agreement shall, upon the expiry of the period mentioned in Clause 6.1, in regard to any of The Containers automatically be renewed for the same period as mentioned in
Clause 6.1, provided that the Company has not given the Manager by registered mail and at least 6 (six) months before said expiry date or in accordance with Clause 7 hereof, a notice of its intentions to terminate duly stating the reason for such
termination. 

  

	6.2	On termination of this Agreement for any reason whatsoever, the Manager shall return The Containers to a depot or depots nominated by the Manager and agreed to by the Company, which agreement/consent shall not be
unreasonably withheld, at the Company’s cost. 

  

	7	TERMINATION 

  

	7.1	Notwithstanding Clause 6, this Agreement in regard to any of The Containers shall be terminated ninety (90) days after the Company gives the Manager notice of its intentions to terminate, which notice can only be
given in the event that the Manager either - 

  

	7.1.1	fails to make any ninety (90) days payment to the Company in accordance with Clause 8 which failure has not been remedied within 30 (thirty) days after receiving notice from the Company specifying the reason for
such notice and requiring the reason to be remedied; or 

  

	7.1.2	makes two or more payments in accordance with Clause 8, which payments, together with the immediately preceding two payments made fail to aggregate a cumulative annual return to the Company on the Container Cost that is
in conformity with the average returns on Containers of comparable age and specifications in the same geographical markets achieved in the Container industry during that same period by professional managers of Containers acting reasonably. For the
avoidance of doubt, “conformity with the average returns” in the forgoing sentence shall mean returns that are 20% or more below those calculated as the applicable industry average. 

	7.2	Notwithstanding Clause 7.1, if the date of the termination of this Agreement in regard to a Container occurs during the currency of a lease agreement in respect of that Container, then, provided that the Manager has
complied with the proviso to Clause 3.1.7, this Agreement shall remain of full force and effect until the last day of the month in which such lease agreement terminates. Provided however that upon the Company’s notice to the Manager of a
termination of this Agreement pursuant to either Clause 6 or 7 which has not been timely remedied, (if capable of remedy) without the Company’s prior consent, the Manager shall not be permitted to agree with the lessee to extend the term of any
lease agreement for any of The Containers covered by such termination notice. 

  

	7.3	The termination of this Agreement in regard to any one of The Containers shall not relieve the Manager or the Company from their obligations in respect of any of the other of The Containers not subject to such
termination. 

  

	8	RENTAL 

  

	8.1	In this Agreement – 

  

	8.1.1	“Gross Receipts of The Containers” means the aggregate invoiced amounts accrued during a month from the Business for all The Containers taken in management, less accounts receivable with respect to all The
Containers which are found uncollectible and written off in the same month as recorded on the books of account of the Manager; 

  

	8.1.2	“Operating Costs and Expenses” means all operating costs and expenses accrued in connection with the Business for The Containers for that month, including, but not limited to, costs and expenses related to
maintaining, repairing, inspecting, handling and storing The Containers, inspecting The Containers prior to taking them in management, transporting one or more of The Containers, legal fees incurred in enforcing lease obligations or defending third
party claims arising out of the possession or operation of The Containers, insuring all The Containers in accordance with Clause 3.1.7.8, costs and expenses related to removing charges assessments and levies of any kind against any of The
Containers, any taxes attributable to any of The Containers (other than taxes arising from the income of the Manager) and for payments made in the agreed currencies in relation therewith. Notwithstanding the foregoing provisions in this clause, the
Operating Costs and Expenses of The Containers shall be deemed not to include those costs and expenses incurred by the Manager in connection with the leasing and administration of all The Containers, which costs and expenses are generally regarded
to be part of the Manager’s overheads, including but not limited to, salaries, traveling and entertainment expenses for personnel employed by the Manager, rents, bookkeeping and accounting charges; 

 

	8.1.3	“Container Participation Days” means the number of days in a month that any of The Containers were managed by the Manager; 

 

	8.1.4	“Total Participation Days” means the sum of all Container Participation Days; 

  

	8.1.3	“Net Container Revenue” means Gross Receipts of The Containers less Operating Costs and Expenses less a management fee payable to the Manager equal to the percentage of the Gross Receipts of The Containers set
forth in Schedule 8.1.3 in accordance with Clause 9 hereof. 

	8.2	The Manager shall pay to the Company as agreed between the Company and the Manager the Net Container Revenue for a month, in cash and in the currencies as specified for The Containers in accordance with Clause 1.2.2.5
hereto, in accordance with Clause 8.3. Any currency exchange costs and costs for bank transfers shall be borne by the Company. 

  

	8.3	The Manager shall pay to the Company the aggregate amount owing to the Company under this Clause 8 in respect of The Containers as well as the aggregate amount owing to the Company in accordance with Clause 6 or Clause
7, not later than two (2) months in arrears by the twentieth (20th) day of the following month (e.g. rental invoices at 31 January shall be payable to the Company on 20 April).

  

	8.4	The Manager shall prepare and deliver to the Company a monthly statement of leasing and other activities in respect of each of the Containers undertaken in that month. Such statement shall contain full details of, inter
alia, the Gross Receipts of The Containers, the Operating Costs and Expenses, the Net Container Revenue due to the Company, the Container Participation Days and the Total Participation Days, forms of such statement are attached hereto in
Exhibit B. Such statements due to the Company, shall be delivered to the Company ultimately on the date mentioned in Clause 8.3 hereto. 

  

	9	FEES 

  

	9.1	In consideration for the services to be rendered respectively for the management of the Business by the Manager under this Agreement, the Company shall pay to the Manager a fee being the percentage set forth in Schedule
8.1.3 multiplied by the Gross Receipts of The Containers which amounts shall be payable monthly, two months in arrears by the twentieth (20th) day of the following month, by way of deduction
thereof from the Gross Receipts of The Containers. 

  

	10	REVIEW OF CALCULATIONS; INSPECTION AND INFORMATION 

  

	10.1	The Manager shall on request by the Company, procure that KPMG or other independent public auditors and accountants of recognized standing in the Netherlands agreed upon between the Manager and the Company (the
“Auditors”) shall review the calculations of the Gross Receipts of The Containers and the Operating Costs and Expenses for each month in the course of preparing the annual financial statements of the Manager and will confirm in a written
report to the Company, that the calculations made by the Manager during the immediately preceding year were made in accordance with this Agreement. 

  

	10.2	The Manager shall bear and pay the costs of the review referred to in Clause 10.1. 

	10.3	The Company may request that the Auditors, at Company expense, visit the offices of the Manager for the purpose of inspecting its leases and inspecting its books, records, reports and other documents relating to The
Containers for the purpose of verifying the accuracy of financial and operational information regarding The Containers provided to the Company by the Manager (such audit an “Operational Review”). Prior to starting their Operational
Review, the Auditors shall draft and conclude a tri-party audit and non-disclosure agreement with the Parties, all parties thereto acting reasonably, specifying the scope and deliverables of the Operational Review, including confidentiality
obligations binding on the Auditor not to reveal lessee names and other competitively sensitive information to the Company. Taking into account that the business activities of the Parties may be competing or may be potentially competitive, as well
as all other relevant circumstances, the scope and deliverables of the Operational Review and the Auditors’ report based thereon, shall not encompass more than is necessary and customary to (i) verify the accuracy of financial and
operational information provided to the Company by Manager, (ii) if necessary for the Company’s audit, assess operational controls of the Manager, and (iii) verify the existence of The Containers and confirm the lease obligations of
The Container’s lessees. The Auditors may inspect leases, books, records, reports and other documents relating to the Containers within the agreed and specified scope of the Operational Review, but shall not be entitled to copy any leases
(which are Confidential Information). During each such Operational Review, the Auditors conducting such inspection shall also be afforded supervised access to the Manager’s computer systems and data contained therein pertaining to The
Containers. Any such Operational Review shall be conducted during normal business hours and shall not unreasonably disrupt the Manager’s business. The Company shall have the right to one (1) such Operational Review per calendar year, to be
conducted at the sole expense of the Company. Any such Operational Review shall not relieve any Party of or constitute any waiver of any of the obligations of a Party hereunder. 

 

	10.4	During the duration of this Agreement, the Manager shall deliver or cause to be delivered to the Company, as soon as practicable and in any event within one hundred and twenty (120) days after the end of each
fiscal year of the Manager, a copy of the annual audited financial statements of the Manager prepared on a consistent basis in conformity with GAAP or IFRS by the Manager’s independent accountant. All such financial statements are deemed to be
the Confidential Information of the Manager. 

  

	11	MANUFACTURING FAULTS 

  

	11.1	In the event that the Manager becomes aware of any material latent or manufacturing defect, which may include but is not limited to any failures in design, specification, construction, materials and workmanship, either
potential or revealed, in any of The Containers, the Manager shall promptly notify the Company in writing. The Manager shall not be liable for any manufacturing defects in any of The Containers, the related cost of repairs, refurbishments and/or
modifications, loss of income or other consequential losses to the Company that are caused either directly or indirectly by such defects. 

  

	11.2	The Manager shall, with the cooperation of the Company, assist the Company in the initiation and prosecution of any claims against the manufacturers of The Containers as the Manager may deem advisable for breach of
warranty, defects in condition, design, operation or fitness or any other non-conformity with the terms of the manufacture and/or purchase contract. 

	12	UTILIZATION 

  

	12.1	The Manager shall use the Containers according to the prevailing standards accepted in the Container industry (fair wear and tear included). The Company shall have the right, at the Company’s expense, to have the
Containers inspected at any time, provided that such inspection does not interfere with the normal utilization of the Containers. 

  

	12.2	The Manager shall not be entitled to grant a lien or other encumbrance of any kind on The Containers (other than granting rights to lessees arising under third party leases). Without limiting the generality of the
foregoing, the Manager agrees to remove or cause to be removed material men’s, mechanics’, workman’s, repairmen’s, or similar liens arising in the ordinary course on The Containers, the costs of such removal to be part of
Operating Costs and Expense with the Manager obligated to seek recovery of such costs on behalf of the Company from lessees if such costs are material and properly allocable to the lessees. 

 

	13	INSURANCE, TOTAL LOSS OR DESTRUCTION 

  

	13.1	If the Manager, as a result of its own negligence, fails to take out or maintain the insurance referred to in Clause 3.1.7.8, then any loss or expense due to the failure to take out or maintain such insurance shall be
the sole responsibility of the Manager and, notwithstanding any other provisions of the agreement such losses or expenses shall not be an Operating Cost and Expense for the purpose of Clause 8.1.2 but other than for claims arising from gross
negligence, willful misconduct or fraud, the liability of the Manager shall be limited to 10 million US Dollars ($10 million). 

  

	13.2	In the case of total loss or destruction of any of The Containers, the Manager shall advise the Company within seven (7) days after the Manager receives notice of the loss or destruction of such container. The
Company may replace such Container with a new Container of substantially similar type and size. The Manager shall pay the net proceeds received from the insurer or the customer to the Company on receipt thereof. 

 

	14	WARRANTY AND OWNERSHIP 

  

	14.1	All Containers shall remain the property of the Company or its designee at all times. 

  

	14.2	The Company warrants to the Manager that the Company – 

  

	14.2.1	or its subsidiaries is the sole beneficial owner of The Containers to be placed with the Manager and has delegated to the Manager the exclusive right to lease The Containers to customers; and 

 

	14.2.2	is entitled to authorize the Manager to lease such Container to customers free from encumbrances (provided that The Containers may be subject to liens and pledges related to the financing of The Containers by the
Company, however such liens and pledges shall not hinder or impair the rights of third party lessees of The Containers); and 

  

	14.2.3	 has received from the competent authorities, whenever applicable or necessary, any approval or consent required by law or otherwise in the broadest
possible sense, for investment advice regarding, the investment in, management of 

	 	
investments in, and any and all similar or related activities regarding The Containers and the operation of the Containers by the Manager under the terms of this Agreement. 

 

	15	DEFAULT 

  

	15.1	Either Party (“Terminating Party”) may terminate this Agreement with immediate effect by giving notice to the other within three (3) months of becoming aware that any of the following events have occurred
– 

  

	15.1.1	the other party (‘Breaching Party’) has committed a breach of any material provision of this Agreement and if such breach is capable of remedy, has failed to remedy the breach within thirty (30) days
after receiving notice from the Terminating Party specifying the breach and requiring the breach to be remedied. A Breaching Party under this agreement has an obligation to promptly inform the non-breaching party regarding the nature and terms of
any breach of a material provision of this Agreement, additionally, a Party to this Agreement has the affirmative duty to notify the other Party regarding any threatened or pending investigation of the Manager by any governmental authority or any
pending or threatened court or administrative proceeding involving such Party or a material portion of The Containers; 

  

	15.1.2	a resolution has been passed authorizing the issue of a notice (or a notice has been issued) convening a meeting of shareholders to consider a resolution for, or a petition has been presented (and not set aside within
seven (7) days of its presentation) for the winding-up of the other party or the other party goes into liquidation; 

  

	15.1.3	a resolution has been passed authorizing the presentation of a petition (or a petition has been presented for) the administration of the other party or the other party has become subject to an administration order;

  

	15.1.4	a petition has been presented, or an application has been made for the appointment of or any of the following has been appointed in respect of the other party of any of its assets; a receiver, judicially appointed
manager, administrative receiver, assignee, trustee (other than a trustee appointed by the Company pursuant to an indenture or other financing agreement that is not in material default), sequestrator, or similar person or official;

  

	15.1.5	the other party has been dissolved; 

  

	15.1.6	the other party has convened a meeting for the purposes of, or has entered into an arrangement or composition with its creditors generally; 

 

	15.1.7	the other party has ceased or threatened to cease to carry on business; 

  

	15.1.8	the other party has become insolvent within the meaning of any applicable law; 

  

	15.1.9	the other party has become permanently unable to pay its debts as they fall due; 

  

	15.1.10	the other party has taken or suffered any similar action or procedure due to debt. 

	16	SALE OF TANK CONTAINERS 

  

	16.1	In the event that the Company wishes to sell any of The Containers or any of The Containers are deemed beyond economic repair or refurbishment, the Manager shall obtain competitive offers for the purchase of The
Container, which shall be reported to the Company. 

  

	16.2	Upon the Company accepting a sale offer, the Manager shall have the option of acquiring The Container at the same agreed price less 10% (ten per centum). 

 

	16.3	If the Manager chooses not to purchase the Container, he shall receive a selling commission of 10% (ten per centum) of the sale price actually received by the Company. 

 

	16.4	The Company shall not be obliged to accept offers for the purchase as obtained by the Manager, and the Company may obtain independent offers to buy any of The Containers if it so wishes. In the event that such an
unconditional and independent offer obtained by the Company in writing and presented to the Manager upon his request is higher than that obtained by the Manager, if any, Clause 16.2 shall not apply, but the Company shall be obligated to pay the
Manager the commission noted in Clause 16.3, provided however that the commission payable to the Manage under Clause 16.2 shall be limited to 10% of the sale price quote obtained by the Manager. 

 

	17	CONFIDENTIALITY 

  

	17.1	For the purposes of this Agreement, “Confidential Information” means all information of a confidential nature disclosed (whether in writing, verbally or by any other means and whether directly or indirectly)
by one party (the “Disclosing Party”) to any other party (the “Receiving Party”) whether before or after the date of this Agreement. 

  

	17.2	During the term of this Agreement and for one year after termination or expiration of this Agreement for any reason whatsoever the Receiving Party shall – 

 

	17.2.1	keep the Confidential Information confidential; 

  

	17.2.2	not disclose the Confidential Information to any other person other than with the prior written consent of the Disclosing Party or in accordance with Clauses 17.3 and 17.4; and 

 

	17.2.3	not use the Confidential Information for any purpose other than the performance of its obligations under this Agreement. 

  

	17.3	During the term of this Agreement the Receiving Party may disclose the Confidential Information to its employees and professional advisers (the “Recipient”) to the extent that it is reasonably necessary for
the purposes of this Agreement or to the extent that this is reasonably necessary for the preparation, conclusion, performance or enforcement of this Agreement. 

  

	17.4	The Receiving Party shall procure that each Recipient is made aware of and complies with all the Receiving Party’s obligations of confidentiality under this Agreement as if the Recipient was a party to this
Agreement. 

  

	17.5	The obligations contained in Clauses 17.1 to 17.3 shall not apply to any Confidential Information which – 

	17.5.1	is at the date of this Agreement or at any time after the date of this Agreement comes into the public domain other than through breach of this Agreement by the Receiving Party or any Recipient; 

 

	17.5.2	can be shown by the Receiving Party to the reasonable satisfaction of the Disclosing Party to have been known to the Receiving Party prior to it being disclosed by the Disclosing Party to the Receiving Party; or

  

	17.5.3	subsequently comes lawfully into the possession of the Receiving Party from a third party 

  

	17.6	In addition to Clauses 17.1 through 17.5 hereof, the Non-Disclosure Agreement that has been concluded between the Parties on 12 December 2012 shall remain in full force and effect as per the provisions thereof.

  

	18	COSTS 

 Except as otherwise expressly provided in this Agreement, each party shall pay
its own costs and expenses of and incidental to the negotiation, preparation, execution and implementation by it of this Agreement and of all other documents referred to in it. 

 

	19	GENERAL 

  

	19.1	No variation of this Agreement shall be valid unless it is in writing and signed by or on behalf of each of the Parties. 

  

	19.2	The failure to exercise or delay in exercising a right or remedy under this Agreement shall not constitute a waiver of the right to remedy or a waiver of any other rights or remedies and no single or partial exercise of
any right or remedy under this Agreement shall prevent any further exercise of the right or remedy or the exercise of any right or remedy. 

  

	19.3	Each of the provisions contained in this Agreement shall be construed as independent of every other such provision so that if any provision of this Agreement shall be determined by any court or competent jurisdiction to
be illegal, invalid, and/or unenforceable then such determination shall not affect any other provision of this Agreement all of which other provisions shall remain in full force and effect. 

 

	19.4	If any provision of this Agreement shall be determined to be illegal, invalid and/or unenforceable, but would be legal, valid and enforceable if amended, the Parties shall consult together in good faith and agree the
scope and extent of any modification amendment necessary to render the provision legal, valid and enforceable and so as to give effect as far as possible to the intention of the parties as recorded in this Agreement. If this cannot be achieved,
either through failure to reach agreement or because the effect of such a declaration is to defeat the original intention of the parties in material respect then either Party may terminate this Agreement by giving ninety (90) days written
notice of termination to the other. 

  

	19.5	Except as expressly provided under this Agreement the rights and remedies contained in this Agreement are cumulative and are not exclusive of any other rights or remedies provided by law or otherwise. 

	20	ASSIGNMENT 

 No Party shall assign or transfer or purport to assign or transfer or
sub-contract or purport to sub-contract any of its rights or obligations under this Agreement without the prior written consent of the other Party. Any change in control of the Manager such that 50% or more of the Manager’s shares or equity
ownership as of the Signature Date are transferred shall constitute an assignment under this Agreement that requires the consent of the Company. Any such assignment by the Manager leading to a change of control without the consent of the Company
shall not constitute a default under this Agreement but shall provide the Company with the right to notify the Manager that the Agreement shall be terminated two years after the effective date of the assignment and shall as from such termination
date provide the Company with the right to remove The Containers from management under the Agreement as each one of The Containers is returned to the Manager following the expiration of its then current lease. Provided however that upon the
Company’s notice to the Manager of a termination of this Agreement pursuant to this clause, without the Company’s prior consent, the Manager shall not be permitted to agree with the lessee to extend the term of any lease agreement for any
of The Containers covered by such termination notice without prior written consent from the Company. 
  

	21	FORCE MAJEURE 

  

	21.1	If a Party (the “Affected Party”) is prevented, hindered or delayed from or in performing any of its obligations under this Agreement (other than an obligation to make payment) by a Force Majeure Event –

  

	21.1.1	the Affected Party’s obligations under this Agreement shall be suspended while the Force Majeure Event continues to the extent that the Force Majeure Event prevents, hinders or delays the performance by the
Affected Party of those obligations; 

  

	21.1.2	as soon as reasonably possible after the start of the Force Majeure Event (and in any event within ten (10) Business Days starting on the day the Force Majeure Event starts) the Affected Party shall notify the
other party of the Force Majeure Event, the date on which the Force Majeure Event started, the effects of the Force Majeure Event on its ability to perform its obligations under this Agreement (to the extent then known to it) and the efforts being
made and/or proposed by the Affected Party to remove or avoid such Force Majeure Event; 

  

	21.1.3	the Affected Party shall make all reasonable efforts to mitigate the effects of the Force Majeure Event on the performance of all of its obligations under this Agreement; and 

	21.1.4	as soon as reasonably possible after the end of the Force Majeure Event, the Affected Party shall notify the other party in writing that the Force Majeure Event has ended and resume performance of its obligations under
this Agreement. 

  

	21.2	If the Affected Party does not comply with Clause 21.1.2 it shall forfeit its rights under Clause 21.1.1. 

  

	21.3	If the Force Majeure Event continues for more than hundred and twenty (120) days after the day on which the Force Majeure Event starts, either party may terminate this Agreement relating to The Containers concerned
by the Force Majeure Event by giving not less than three (3) months written notice to the other party stating the reasons for such termination. 

  

	21.4	In this Agreement, “Force Majeure Event” means any event beyond the control of the Affected Party including (but not limited to) – 

 

	21.4.1	war (whether declared or not), civil war, riots, revolution, acts of sabotage and/or piracy; 

  

	21.4.2	natural disasters such as violent storms, earthquakes, tidal waves, floods, and/or lightning; 

  

	21.4.3	explosions, fires and/or destruction of plant, machinery and/or factories; 

  

	21.4.4	strikes and labour disputes of all kinds; 

  

	21.4.5	acts of authority, whether lawful or unlawful, except for – 

  

	21.4.5.1	acts for which the Affected Party has assumed the risk by virtue of other provisions of this Agreement; and 

  

	21.4.5.2	any lack of authorization, license or approval necessary for the performance of the contract which is to be issued by any public authority; and/or 

 

	21.4.6	any other causes whatsoever beyond the Affected Party’s control. 

  

	22	DOMICILIUM AND NOTICES 

  

	22.1	Any notice or other communication under or in connection with this Agreement shall be in writing and shall be delivered personally or sent by first class post pre-paid recorded delivery (and air mail if overseas) or by
telefax, to the Party due to receive the notice as its registered or principal office set out in this Clause 22. 

  

	22.2	The parties choose domicilium citandi et executandi for all purposes of the giving of any notice, the payment of any sum, the serving of any process and for any other purpose arising from this Agreement, as follows
– 

  

					
	22.2.1	    	The Manager;	  	Buiten Walevest 15
		    		  	3311 AD Dordrecht
		    		  	Netherlands

 Telefacsimile: 003178 6142210 

for the attention of its Managing Director 

					
	22.2.2	    	The Company;	  	Textainer Limited
		    		  	16 Par-La-Ville Road, Hamilton Bermuda HM 08
		    	Telefacsimile:	  	441 295 4164
		    	for the attention of its Secretary
			
		    	With a copy to:	  	Textainer Equipment Management (US) Limited
		    		  	650 California Street
		    		  	16th Floor
		    		  	San Francisco, CA 94108
			
		    	Attention:	  	President and CEO

  

	22.3	Either Party shall be entitled from time to time by written notice to the other, to vary its domicilium to any other address which is not a post office box or poste restante. 

Any notice given and any payment made by either Party to the other which – 

 

	22.3.1	is delivered by hand during the normal business hours of the addressee at the addressee’s domicilium for the time being shall be rebuttably presumed to have been received by the addressee at the time of delivery;

  

	22.3.2	is posted by prepaid registered post to the addressee at the addressee’s domicilium for the time being shall be rebuttably presumed to have been received by the addressee on the tenth (10th) day after the date of posting. 

  

	22.4	Any notice given by either party to the other which is sent by telefax or facsimile copier during the normal business hours of the addressee to the addressee’s domicilium for the time being shall be rebuttably
presumed to have been received on the first business day after the date of successful transmission thereof. 

  

	23	ARBITRATION 

  

	23.1	Without prejudice to the right of each Party to seek injunctive relief (kort-geding) before the courts, all disputes arising in connection with this Agreement, shall be finally settled in accordance with the arbitration
rules of the Netherlands Arbitration Institute (Nederlands Arbitrage Instituut), excluding Section 4A (Articles 42a-42o) of these NAI Arbitration Rules (the “NAI Rules”). 

 

	23.2	The arbitral tribunal shall be composed of three arbitrators. 

  

	23.3	The place of the arbitration will be Amsterdam, the Netherlands. The arbitral procedure will be conducted in the English language. The arbitrators will decide according to the rules of law. 

 

	24	GOOD FAITH 

 In exercising their rights and performing their duties and obligations under
this Agreement, the parties shall at all times act honestly and in the utmost good faith. 

	25	GOVERNING LAW 

 This Agreement is governed by, and shall be construed in accordance with
the laws of the Netherlands. 
  

	26	COUNTERPARTS 

 This Agreement shall be executed in two original counterparts but all the
counterparts together shall constitute one and the same instrument. 
 As WITNESS whereof this Agreement has been signed and executed by the Parties hereto
represented by their duly authorized representatives on the day and year first above written. 
 Signed by: 

An officer of the Company, for and on behalf of the Company 

TEXTAINER LIMITED 
  

			
	 /s/ Christopher C. Morris

	Signature
	Name:	 	
	Title:	 	EVP
	
	Signed by:
	
	a Director of the Manager, for and on behalf of the Manager
	
	 /S/ Philip Van Roojin

	Signature
	Name:	 	Philip van Rooijen
	Title:	 	Managing director Trifleet Leasing Management B.V.

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