Document:

EX-4.48

 EXHIBIT 4.48 
  

 
 TEXTAINER MARINE CONTAINERS IV
LIMITED 
 Issuer 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

Indenture Trustee 
  

 
 INDENTURE 

Dated as of August 5, 2013 
  

 
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	4	  
				
		 	Section 101.	 	 Defined Terms
	  	 	4	  
		 	Section 102.	 	 Other Definitional Provisions
	  	 	33	  
		 	Section 103.	 	 Computation of Time Periods
	  	 	34	  
		 	Section 104.	 	 Statutory References
	  	 	34	  
		 	Section 105.	 	 Duties of the Manager Transfer Facilitator
	  	 	34	  
		
	 ARTICLE II THE NOTES
	  	 	35	  
				
		 	Section 201.	 	 Authorization of Notes
	  	 	35	  
		 	Section 202.	 	 Form of Notes; Book-Entry Notes
	  	 	35	  
		 	Section 203.	 	 Execution, Recourse Obligation
	  	 	38	  
		 	Section 204.	 	 Certificate of Authentication
	  	 	39	  
		 	Section 205.	 	 Registration; Registration of Transfer and Exchange of Notes
	  	 	39	  
		 	Section 206.	 	 Mutilated, Destroyed, Lost and Stolen Notes
	  	 	41	  
		 	Section 207.	 	 Delivery, Retention and Cancellation of Notes
	  	 	42	  
		 	Section 208.	 	 ERISA Deemed Representations
	  	 	42	  
		
	 ARTICLE III PAYMENT OF NOTES; STATEMENTS TO NOTEHOLDERS
	  	 	43	  
				
		 	Section 301.	 	 Principal and Interest
	  	 	43	  
		 	Section 302.	 	 Trust Account
	  	 	43	  
		 	Section 303.	 	 Investment of Monies Held in the Trust Account, the Excess Funding Account, each Restricted Cash Account and each Series
Accounts
	  	 	44	  
		 	Section 304.	 	 Copies of Reports to Noteholders and each Interest Rate Hedge Provider
	  	 	47	  
		 	Section 305.	 	 Records
	  	 	47	  
		 	Section 306.	 	 Excess Funding Account
	  	 	47	  
		 	Section 307.	 	 CUSIP Numbers
	  	 	48	  
		 	Section 308.	 	 No Claim
	  	 	48	  
		 	Section 309.	 	 Compliance with Withholding Requirements
	  	 	48	  
		 	Section 310.	 	 Tax Treatment of Notes
	  	 	49	  
		 	Section 311.	 	 Subordination
	  	 	49	  
		
	 ARTICLE IV COLLATERAL
	  	 	50	  
				
		 	Section 401.	 	 Collateral
	  	 	50	  
		 	Section 402.	 	 Pro Rata Interest
	  	 	51	  
		 	Section 403.	 	 Indenture Trustee’s Appointment as Attorney-in-Fact
	  	 	51	  
		 	Section 404.	 	 Release of Security Interest
	  	 	52	  
		 	Section 405.	 	 Administration of Collateral
	  	 	53	  
		 	Section 406.	 	 Quiet Enjoyment
	  	 	54	  

 TABLE OF CONTENTS 

(Continued) 
  

									
	 	 	 	 	 	  	Page	 
		
	 ARTICLE V RIGHTS OF NOTEHOLDERS; ALLOCATION AND APPLICATION OF NET ISSUER PROCEEDS; REQUISITE GLOBAL MAJORITY
	  	 	55	  
				
		 	Section 501.	 	 Rights of Noteholders
	  	 	55	  
		 	Section 502.	 	 Allocations Among Series
	  	 	55	  
		 	Section 503.	 	 Determination of Requisite Global Majority
	  	 	55	  
		
	 ARTICLE VI COVENANTS
	  	 	56	  
				
		 	Section 601.	 	 Payment of Principal and Interest, Payment of Taxes
	  	 	56	  
		 	Section 602.	 	 Maintenance of Office
	  	 	56	  
		 	Section 603.	 	 Corporate Existence
	  	 	57	  
		 	Section 604.	 	 Protection of Collateral
	  	 	57	  
		 	Section 605.	 	 Performance of Obligations
	  	 	58	  
		 	Section 606.	 	 Negative Covenants
	  	 	58	  
		 	Section 607.	 	 Non-Consolidation of Issuer
	  	 	60	  
		 	Section 608.	 	 No Bankruptcy Petition
	  	 	61	  
		 	Section 609.	 	 Liens
	  	 	61	  
		 	Section 610.	 	 Other Indebtedness
	  	 	61	  
		 	Section 611.	 	 Guarantees, Loans, Advances and Other Liabilities
	  	 	62	  
		 	Section 612.	 	 Consolidation, Amalgamation, Merger and Sale of Assets; Ownership of the Issuer
	  	 	62	  
		 	Section 613.	 	 Other Agreements
	  	 	62	  
		 	Section 614.	 	 Charter Documents
	  	 	63	  
		 	Section 615.	 	 Capital Expenditures
	  	 	63	  
		 	Section 616.	 	 Permitted Activities
	  	 	63	  
		 	Section 617.	 	 Investment Company
	  	 	63	  
		 	Section 618.	 	 Payments of Collateral
	  	 	64	  
		 	Section 619.	 	 Notices
	  	 	64	  
		 	Section 620.	 	 Books and Records
	  	 	64	  
		 	Section 621.	 	 Taxes
	  	 	64	  
		 	Section 622.	 	 Subsidiaries
	  	 	64	  
		 	Section 623.	 	 Investments
	  	 	64	  
		 	Section 624.	 	 Use of Proceeds
	  	 	65	  
		 	Section 625.	 	 Asset Base Report
	  	 	65	  
		 	Section 626.	 	 Financial Statements
	  	 	65	  
		 	Section 627.	 	 Interest Rate Hedge Agreements
	  	 	65	  
		 	Section 628.	 	 UNIDROIT Convention
	  	 	66	  
		 	Section 629.	 	 Other Information
	  	 	66	  
		 	Section 630.	 	 Separate Identity
	  	 	66	  
		 	Section 631.	 	 Purchase of Additional Containers
	  	 	66	  
		 	Section 632.	 	 OFAC
	  	 	66	  
		 	Section 633.	 	 Tax Election of the Issuer
	  	 	67	  
		 	Section 634.	 	 Rating Agency Notices
	  	 	67	  
		 	Section 635.	 	 Compliance with Law
	  	 	67	  
		 	Section 636.	 	 FATCA
	  	 	67	  

  
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 TABLE OF CONTENTS 

(Continued) 
  

									
	 	 	 	 	 	  	Page	 
		
	 ARTICLE VII DISCHARGE OF INDENTURE; PREPAYMENTS
	  	 	68	  
				
		 	Section 701.	 	 Full Discharge
	  	 	68	  
		 	Section 702.	 	 Prepayment of Notes
	  	 	68	  
		 	Section 703.	 	 Unclaimed Funds
	  	 	68	  
		
	 ARTICLE VIII DEFAULT PROVISIONS AND REMEDIES
	  	 	69	  
				
		 	Section 801.	 	 Trust Events of Default
	  	 	69	  
		 	Section 802.	 	 Acceleration of Stated Maturity; Rescission and Annulment
	  	 	70	  
		 	Section 803.	 	 Collection of Indebtedness
	  	 	71	  
		 	Section 804.	 	 Remedies
	  	 	71	  
		 	Section 805.	 	 Indenture Trustee May Enforce Claims Without Possession of Notes
	  	 	73	  
		 	Section 806.	 	 Allocation of Money Collected
	  	 	74	  
		 	Section 807.	 	 Limitation on Suits
	  	 	74	  
		 	Section 808.	 	 Unconditional Right of Holders to Receive Principal, Interest and Commitment Fees
	  	 	75	  
		 	Section 809.	 	 Restoration of Rights and Remedies
	  	 	75	  
		 	Section 810.	 	 Rights and Remedies Cumulative
	  	 	75	  
		 	Section 811.	 	 Delay or Omission Not Waiver
	  	 	75	  
		 	Section 812.	 	 Control by Requisite Global Majority
	  	 	75	  
		 	Section 813.	 	 Waiver of Past Defaults
	  	 	76	  
		 	Section 814.	 	 Undertaking for Costs
	  	 	76	  
		 	Section 815.	 	 Waiver of Stay or Extension Laws
	  	 	77	  
		 	Section 816.	 	 Sale of Collateral
	  	 	77	  
		 	Section 817.	 	 Action on Notes
	  	 	78	  
		
	 ARTICLE IX CONCERNING THE INDENTURE TRUSTEE
	  	 	79	  
				
		 	Section 901.	 	 Duties of Indenture Trustee
	  	 	79	  
		 	Section 902.	 	 Certain Matters Affecting the Indenture Trustee
	  	 	80	  
		 	Section 903.	 	 Indenture Trustee Not Liable
	  	 	81	  
		 	Section 904.	 	 Indenture Trustee May Own Notes
	  	 	82	  
		 	Section 905.	 	 Indenture Trustee Fees, Expenses and Indemnities
	  	 	82	  
		 	Section 906.	 	 Eligibility Requirements for Indenture Trustee
	  	 	83	  
		 	Section 907.	 	 Resignation and Removal of Indenture Trustee
	  	 	83	  
		 	Section 908.	 	 Successor Indenture Trustee
	  	 	84	  
		 	Section 909.	 	 Merger or Consolidation of Indenture Trustee
	  	 	85	  
		 	Section 910.	 	 Separate Indenture Trustees, Co-Indenture Trustees and Custodians
	  	 	85	  
		 	Section 911.	 	 Representations and Warranties
	  	 	86	  
		 	Section 912.	 	 Indenture Trustee Offices
	  	 	87	  
		 	Section 913.	 	 Notice of Trust Event of Default
	  	 	87	  

  
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 TABLE OF CONTENTS 

(Continued) 
  

									
	 	 	 	 	 	  	Page	 
		
	 ARTICLE X SUPPLEMENTAL INDENTURES
	  	 	89	  
				
		 	Section 1001.	 	 Supplemental Indentures Not Creating a New Series Without Consent of Holders
	  	 	89	  
		 	Section 1002.	 	 Supplemental Indentures Not Creating a New Series with Consent of Holders
	  	 	90	  
		 	Section 1003.	 	 Execution of Supplemental Indentures
	  	 	91	  
		 	Section 1004.	 	 Effect of Supplemental Indentures
	  	 	91	  
		 	Section 1005.	 	 Reference in Notes to Supplemental Indentures
	  	 	91	  
		 	Section 1006.	 	 Issuance of Series of Notes
	  	 	91	  
		
	 ARTICLE XI HOLDERS LISTS
	  	 	93	  
				
		 	Section 1101.	 	 Indenture Trustee to Furnish Names and Addresses of Holders
	  	 	93	  
		 	Section 1102.	 	 Preservation of Information; Communications to Holders
	  	 	93	  
		
	 ARTICLE XII TRUST EARLY AMORTIZATION EVENT
	  	 	94	  
				
		 	Section 1201.	 	 Trust Early Amortization Event
	  	 	94	  
		 	Section 1202.	 	 Remedies
	  	 	94	  
		
	 ARTICLE XIII MISCELLANEOUS PROVISIONS
	  	 	95	  
				
		 	Section 1301.	 	 Compliance Certificates and Opinions
	  	 	95	  
		 	Section 1302.	 	 Form of Documents Delivered to Indenture Trustee
	  	 	95	  
		 	Section 1303.	 	 Acts of Holders
	  	 	96	  
		 	Section 1304.	 	 Inspection
	  	 	96	  
		 	Section 1305.	 	 Limitation of Rights
	  	 	97	  
		 	Section 1306.	 	 Severability
	  	 	97	  
		 	Section 1307.	 	 Notices
	  	 	98	  
		 	Section 1308.	 	 Consent to Jurisdiction
	  	 	98	  
		 	Section 1309.	 	 Captions
	  	 	99	  
		 	Section 1310.	 	 Governing Law
	  	 	99	  
		 	Section 1311.	 	 No Petition
	  	 	99	  
		 	Section 1312.	 	 General Interpretive Principles
	  	 	99	  
		 	Section 1313.	 	 WAIVER OF JURY TRIAL
	  	 	100	  
		 	Section 1314.	 	 Waiver of Immunity
	  	 	100	  
		 	Section 1315.	 	 Judgment Currency
	  	 	100	  
		 	Section 1316.	 	 Statutory References
	  	 	101	  
		 	Section 1317.	 	 Counterparts
	  	 	101	  

  
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 This Indenture, dated as of August 5, 2013 (as amended or supplemented from time to time as
permitted hereby, the “Indenture”), between TEXTAINER MARINE CONTAINERS IV LIMITED, an exempted company with limited liability incorporated and existing under the laws of Bermuda (the “Issuer”), and WELLS FARGO
BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee (the “Indenture Trustee”). 
 W
I T N E S S E T H: 
 WHEREAS, the Issuer desires to issue asset-backed notes
pursuant to this Indenture; 
 WHEREAS, the Notes will be full recourse obligations of the Issuer and will be secured by the Collateral; and

 WHEREAS, all acts and things have been done and performed which are necessary to make the Notes, when executed by the Issuer,
authenticated by the Indenture Trustee and issued, the legal, valid and binding obligations of the Issuer, enforceable in accordance with their terms, and to make this Indenture a valid and binding agreement for the security of the Notes
authenticated and delivered under this Indenture; 
 NOW THEREFORE, in consideration of the mutual agreements herein contained, each party
agrees as follows for the benefit of the Noteholders and each Interest Rate Hedge Provider: 
 GRANTING CLAUSE 

To secure the payment of the Aggregate Outstanding Obligations and the performance of all of the Issuer’s covenants and agreements in
this Indenture and each other Related Document to which it is a party, the Issuer hereby grants, assigns, conveys, mortgages, pledges, charges, hypothecates and transfers to the Indenture Trustee, for the benefit of the Noteholders of all Series of
Notes and each Interest Rate Hedge Provider, a first priority perfected security interest in and to all assets and property of the Issuer (other than the Series-Specific Collateral), whether now existing or
hereafter acquired, including without limitation all of the Issuer’s right, title and interest in, to and under the following (other than the Series-Specific Collateral), whether now existing or hereafter created or acquired (with respect to
clauses (v) through (xv) below, only to the extent such assets or property arise out of or in any way relate to (but only to the extent they relate to) the Managed Containers): 

(i) the Managed Containers and all other Transferred Assets; 

(ii) all Deposit Accounts and all Securities Accounts, including the Trust Account, the Excess Funding Account, any Pre-Funding
Account and any Series Account, and all cash and cash equivalents, Eligible Investments, Financial Assets, Investment Property, Securities Entitlements and other instruments or amounts credited or deposited from time to time in any of the foregoing;

 (iii) the Contribution and Sale Agreement, each Container Transfer Agreement, the
Management Agreement, Interest Rate Hedge Agreement and each other Related Document to which the Issuer is a party; 
 (iv)
all collections received by the Issuer from the operation of the Managed Containers, including any Issuer Proceeds and Pre-Adjustment Issuer Proceeds, on deposit in the Master Account; 

(v) all Accounts; 

(vi) all Chattel Paper, and all Leases and all schedules, supplements, amendments, modifications, renewals, extensions and all
guaranties and other credit support with respect to the foregoing and all rentals, payments and monies due and to become due in respect of the foregoing, and all rights to terminate or compel performance thereof; 

(vii) all Contracts; 

(viii) all Documents; 

(ix) all General Intangibles; 

(x) all Instruments; 

(xi) all Inventory; 

(xii) all Supporting Obligations; 

(xiii) all Equipment; 

(xiv) all Letter of Credit Rights; 

(xv) all Commercial Tort Claims; 

(xvi) all property of the Issuer held by the Indenture Trustee including, without limitation, all property of every description
now or hereafter in the possession or custody of or in transit to the Indenture Trustee for any purpose, including, without limitation, safekeeping, collection or pledge, for the account of the Issuer, or as to which the Issuer may have any right or
power; 
 (xvii) the right of the Issuer to terminate, perform under, or compel performance of the terms of the Container
Related Agreements and all claims for damages arising out of the breach of any Container Related Agreement; 
 (xviii) any
guarantee of the Container Related Agreements and any rights of the Issuer in respect of any subleases or assignments permitted under the Container Related Agreements; 

  
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 (xix) all or any part of insurance proceeds of all or any part of the Collateral
and all proceeds of the voluntary or involuntary disposition of all or any part of the Collateral or such proceeds; 
 (xx)
any and all payments made or due to the Issuer in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority and any other cash or non-cash receipts from the
sale, exchange, collection or other disposition of all or any part of the Collateral; 
 (xxi) to the extent not otherwise
included, all income, payments and Proceeds of each of the foregoing and all accessions to, substitutions and replacements for, and rents, profits and products of each of the foregoing; 

provided, however, that, notwithstanding the foregoing, the “Collateral” shall specifically exclude any Series-Specific
Collateral. 
 All of the property described in this Granting Clause is herein collectively called the “Collateral” and as
such is security for the payment of the Aggregate Outstanding Obligations and the performance of all of the Issuer’s covenants and agreements in this Indenture and each other Related Document to which it is a party. 

In furtherance of the foregoing, the Issuer hereby grants, assigns, conveys, mortgages, pledges, charges, hypothecates and transfers to the
Indenture Trustee, for the benefit of the Noteholders and each Interest Rate Hedge Provider, (i) a fixed charge over the Contribution and Sale Agreement, each Container Transfer Agreement and the Management Agreement and (ii) a floating
charge over all other assets of the Issuer (other than the Series-Specific Collateral). 
 In furtherance of the foregoing, the Issuer
hereby appoints the Indenture Trustee as its designee for purposes of exercising the power of attorney granted by the Manager pursuant to Section 11.4 of the Management Agreement. 

The Indenture Trustee acknowledges such Grant, accepts the trusts hereunder in accordance with the provisions hereof, and agrees to perform
the duties herein required as hereinafter provided. Notwithstanding the foregoing, the Indenture Trustee does not assume, and shall have no liability to perform, any of the Issuer’s obligations under any agreement included in the Collateral and
shall have no liability arising from the failure of the Issuer or any other Person to duly perform any such obligations. The Issuer hereby confirms and the Indenture Trustee hereby acknowledges that the Issuer does not currently have any rights with
respect to Commercial Tort Claims on the date hereof. 
 The Issuer hereby irrevocably authorizes the Indenture Trustee at any time, and
from time to time, to file in any filing office in any UCC jurisdiction any financing statements (including any such financing statements claiming a security interest in all assets of the Issuer, other than the Series-Specific Collateral) and
amendments thereto that (i) indicate the Collateral, regardless of whether any particular asset comprised in the Collateral falls within the scope of Article 9 of the UCC, and (ii) provide any other information required by Article 9 of the
UCC for the sufficiency or filing office acceptance of any financing statement or amendment, including 

  
 - 3 - 

 
whether the Issuer is an organization, the type of organization and any organizational identification number issued to the Issuer. The Issuer agrees to furnish any such information to the
Indenture Trustee promptly upon the Indenture Trustee’s request. The Issuer also ratifies its authorization for the Indenture Trustee to have filed in any jurisdiction any similar initial financing statements or amendments thereto if filed
prior to the date hereof. 
 ARTICLE I 

DEFINITIONS 
 Section 101.
Defined Terms. 
 Capitalized terms used in this Indenture shall have the following meanings and the definitions of such terms shall
be equally applicable to both the singular and plural forms of such terms: 
 Account: Any “account”, as such term is
defined in Section 9-102(a)(2) of the UCC. 
 Account Debtor: Any “account debtor”, as such term is defined in Section 9-102(a)(3) of the UCC. 
 Administrative Agent: If applicable, this term shall have
the meaning set forth in the related Supplement for the respective Series. 
 Advance Rate: With respect to any Series of Notes then
Outstanding (or any Class thereof), the percentage specified as such in the related Supplement. 
 Affiliate: With respect 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. 
 Aggregate Asset Base: As of any date of determination, the
sum of the Asset Bases for all Series of Notes then Outstanding. 
 Aggregate Net Book Value: As of any date of determination, an
amount equal to the sum of the Net Book Values of all Eligible Containers. 
 Aggregate Outstanding Obligations: As of any date of
determination, an amount equal to the sum of (i) the Outstanding Obligations for all Series of Notes then Outstanding, and (ii) all other amounts owing by the Issuer to the Indenture Trustee, each Administrative Agent, any Noteholder or
any Interest Rate Hedge Provider pursuant to the terms of any Related Document. 

  
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 Aggregate Principal Balance: As of any date of determination, an amount equal to the sum
of the then Unpaid Principal Balance of all Series of Notes then Outstanding. 
 Applicable Law: With respect to any Person or
Managed Container, all law, treaties, judgment, decrees, injunctions, waits, rules, regulations, orders, directives, concessions, licenses and permits of any Governmental Authority applicable to such Person or its Property or in respect of its
operations. 
 Asset Allocation Percentage. As of any date of determination for each Series of Notes then Outstanding, a fraction
(expressed as a percentage) equal to (A) divided by (B), as follows: 
 (A) (x) the Asset Entitlement for such Series of
Notes as of such date of determination, divided by (y) an amount equal to (1) one hundred percent (100%) minus (2) the Required Overcollateralization Percentage for such Series; and 

(B) the aggregate of clause (A) as determined for all Series then Outstanding as of such date of determination. 

Notwithstanding the foregoing or any other provision herein or in the Related Documents, if on any date of determination only one Series of Notes is then
Outstanding, the Asset Allocation Percentage for such Series of Notes on such date of determination shall be equal to one hundred percent (100%). 

Asset Base: As of any date of determination for each Series of Notes, the amount identified as such in the related Supplement. 

Asset Base Deficiency: As of any date of determination, the condition that exists if the Aggregate Principal Balance exceeds the
Aggregate Asset Base on such date. If such term is used in a quantitative context, the amount of the Asset Base Deficiency shall be equal to the amount of such excess. 

Asset Base Report: A certificate with appropriate insertions setting forth the components of the Asset Base as of the date of
determination for which such certificate is submitted, which certificate shall be substantially in the form of Exhibit A to this Indenture (and, for purposes of any Series, including any additional Asset Base Report that may be required
pursuant to the terms of the Supplement under which such Series was issued) and shall be certified by an Authorized Signatory of the Manager or one of its permitted Affiliates on behalf of the Manager. 

Asset Entitlement. As of any date of determination for each Series of Notes then Outstanding, an amount equal to the Unpaid Principal
Balance of such Series of Notes as of such date of determination. 
 Authorized Signatory: Any Person designated by written notice
delivered to the Indenture Trustee as authorized to execute documents and instruments on behalf of a Person. 

  
 - 5 - 

 Available Distribution Amount: For any Payment Date, all amounts in the Trust Account on
the related Determination Date, including without limitation the following: (i) the Pre-Adjustment Issuer Proceeds and (without duplication) Issuer Proceeds received from the Manager after the immediately preceding Determination Date and on or
prior to such Determination Date, less certain sums deducted in accordance with the terms of the Management Agreement, (ii) all Warranty Purchase Amounts and Manager Advances received by the Issuer after the immediately preceding Determination
Date and on or prior to such Determination Date, (iii) any earnings on Eligible Investments in the Trust Account to the extent that such earnings were credited to such account after the immediately preceding Determination Date and on or prior
to such Determination Date, (iv) all other amounts not covered by clauses (i), (ii) and (iii) hereof received by the Issuer after the immediately preceding Determination Date and on or prior to such Determination Date, which, pursuant
to the terms of the Related Documents, are required to be deposited into the Trust Account, and (v) any Capital Contribution (to the extent consisting of cash) made to the Issuer after the immediately preceding Determination Date and on or
prior to such Determination Date. In no event shall the Available Distribution Amount include the proceeds of the Containers and Leases sold at the direction of a Liquidating Series pursuant to Section 804(b) of this Indenture. 

Bankruptcy Code: The United States Bankruptcy Reform Act of 1978, as amended. 

Book-Entry Custodian: The Person appointed pursuant to the terms of this Indenture to act in accordance with a certain letter of
representations agreement such Person has with the Depositary, in which the Depositary delegates its duties to maintain the Book-Entry Notes to such Person and authorizes such Person to perform such duties. 

Book-Entry Notes: Collectively, the Rule 144A Book-Entry Notes, the Regulation S Temporary Book-Entry Notes and the Unrestricted
Book-Entry Notes. 
 Business Day: Any day other than a Saturday, a Sunday or a day on which the New York Stock Exchange, the Federal
Reserve Bank or banking institutions in San Francisco, California, New York, New York, London, United Kingdom, Amsterdam, The Netherlands or the city in which the Corporate Trust Office is located, are authorized or are obligated by law, executive
order or governmental decree to be closed. 
 Capital Contribution: With respect to any Person, any cash and/or the fair market value
of any property contributed to the capital of such Person by the owners of the equity interests thereof. 
 Casualty Loss: 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) the loss, theft or destruction of such Managed Container, (c) thirty (30) days following a
determination by, or on behalf of, the Issuer 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 to have suffered a casualty loss as to the entire Managed Container. In

  
 - 6 - 

 
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 Issuer or the Manager obtains actual knowledge of such Casualty Loss. 

Casualty Proceeds: This term shall have the meaning set forth in the Management Agreement. 

CEU: 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. 
 Chattel Paper: Any lease (including any Finance Lease) or other “chattel paper”, as such
term is defined in Section 9-102(a)(11) of the UCC. 
 Class: With respect to any Series, all Notes within such Series having
the same rights to payment under the related Supplement. 
 Closing Date: This term shall have the meaning set forth in the related
Supplement. 
 Code: The Internal Revenue Code of 1986, as amended, or any successor statute thereto. 

Collateral: This term shall have the meaning set forth in the Granting Clause of this Indenture. 

Collection Allocation Percentage. For any Series of Notes then Outstanding as of any date of determination, a fraction (expressed as a
percentage) equal to (A) divided by (B), as follows: 
 (A) the Invested Amount for such Series as of such date of
determination, divided by (ii) an amount equal to (1) one hundred percent (100%) minus (2) the Required Overcollateralization Percentage for such Series; 

(B) the Invested Amounts for all Series of Notes then Outstanding as of such date of determination (exclusive of the Invested
Amount for any Liquidation Deficiency Series). 
 Notwithstanding the foregoing or any other provision herein or in the Related Documents, if on any date of
determination only one Series of Notes is then Outstanding, the Collection Allocation Percentage for such Series of Notes on such date of determination shall be equal to one hundred percent (100%). 

Collection Period: With respect to the first Payment Date, the period commencing on August 5, 2013 and ending on August 31,
2013 and, for any subsequent Payment Date, the period from the first day of the calendar month immediately preceding the month in which such Payment Date occurs through and including the last day of such calendar month. 

  
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 Collections: With respect to any Collection Period, all payments (including any cash
proceeds) actually received by the Issuer, or by the Manager on behalf of the Issuer, with respect to the Managed Containers and the other items of Collateral. 

Commercial Tort Claims: Any “commercial tort claim”, as such term is defined in 9-102(a)(13) of the UCC. 

Competitor: Any Person engaged and competing with any of the Issuer, Textainer Limited, Textainer Group Holdings Limited or the Manager
in the Container leasing business; provided, however, that in no event shall any insurance company, bank, bank holding company, savings institution or trust company, fraternal benefit society, pension, retirement or profit sharing trust or
fund, or any collateralized bond obligation fund or similar fund (or any trustee of any such fund) or any holder of any obligations of any such fund (solely as a result of being such a holder) be deemed to be a Competitor. 

Container: Any dry freight cargo, high cube or other type of marine or intermodal container. 

Container Related Agreement: Any agreement relating to the Managed Containers or agreements relating to the use or management of such
Managed Containers whether in existence on any Series Issuance Date or thereafter acquired, including, but not limited to, all Leases, the Management Agreement, any Container Transfer Agreement, the Contribution and Sale Agreement and the Chattel
Paper. 
 Container Representations and Warranties: This term shall have the meanings set forth in the applicable Container Transfer
Agreement or the Contribution and Sale Agreement, as context may require. 
 Container Transfer Agreement: Any agreement between the
Issuer and any Special Purpose Vehicle regarding the transfer of containers and other related assets between the Issuer and such Special Purpose Vehicle, including without limitation the TMCL Container Transfer Agreement and the TMCLII Container
Transfer Agreement. 
 Contracts: All contracts, undertakings, franchise agreements or other agreements (other than rights evidenced
by Chattel Paper, Documents or Instruments), arising out of or in any way related to the Managed Containers or to the Notes, in or under which Issuer may now or hereafter have any right, title or interest, including, without limitation, the
Management Agreement, the Contribution and Sale Agreement, any Container Transfer Agreement, any Interest Rate Hedge Agreements and any related agreements, security interests or UCC or other financing statements and, with respect to an Account, any
agreement relating to the terms of payment or the terms of performance thereof. 
 Contribution and Sale Agreement: The Contribution
and Sale Agreement, dated as of August 5, 2013, between the Issuer and TL, as such agreement may be amended, modified or supplemented from time to time in accordance with its terms. 

Control Agreement: A control agreement, among the Issuer, the Indenture Trustee and the Securities Intermediary, which shall be
substantially in the form of Exhibit F to this Indenture, for each of the Trust Account, Excess Funding Account, each Restricted Cash Account and each Series Account. 

  
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 Control Party: This term shall have the meaning set forth in the Supplement for the
related Series. 
 Conversion Date: With respect to any Series of Warehouse Notes, the date on which a Conversion Event occurs with
respect to such Series of Warehouse Notes. 
 Conversion Event: With respect to any Series of Warehouse Notes, any event that will
result in the termination of the revolving period for such Series and the commencement of principal amortization of such Series as set forth in the related Supplement. 

Corporate Trust Office: The principal office of the Indenture Trustee at which at any particular time its corporate trust business
shall be administered. As of the date hereof, such office is located at Sixth Street and Marquette Avenue in Minneapolis, Minnesota 55479. 

Corporate Trust Officer: Any Treasurer, Assistant Treasurer, Assistant Trust Officer, Trust Officer, Assistant Vice President, Vice
President or Senior Vice President of the Indenture Trustee or any other officer who customarily performs functions similar to those performed by the Persons who at the time shall be such officers to whom any corporate trust matter is referred
because of their knowledge of and familiarity with the particular subject. 
 Default Interest: The incremental interest specified in
the related Supplement payable by the Issuer resulting from (i) the failure of the Issuer to pay when due any principal of or interest on the Notes of the related Series or (ii) the occurrence of an Event of Default with respect to such
Series. 
 Definitive Note: A Note issued in physical form pursuant to the terms and conditions of Section 202 hereof. 

Deposit Account: Any “deposit account,” as such term is defined in
Section 9-102(a)(29) of the UCC. 
 Depositary: The Depository Trust Company until a
successor depositary shall have become such pursuant to the applicable provisions of this Indenture and thereafter “Depositary” shall mean or include each Person who is then a Depositary hereunder. For purposes of this Indenture, unless
otherwise specified pursuant to Section 202, any successor Depositary shall, at the time of its designation and at all times while it serves as Depositary, be a clearing agency registered under the Exchange Act, and any other applicable statute
or regulation. 
 Depositary Participants: A broker, dealer, bank, other financial institution or other Person for whom from time to
time the Depositary effects book-entry transfers and pledges of securities deposited with the Depositary. 

  
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 Depreciation Expense: For any Series, either (i) the Depreciation Policy or
(ii) such other depreciation policy as may be utilized by the Manager from time to time, with the prior written consent of the Control Party for such Series. 

Depreciation Policy: A depreciation policy: 

(A) under which, for purposes of calculating the Asset Base and the Weighted Average Age, the Original Equipment Cost of a
Managed Container is depreciated by an amount each month equal to (x) in the case of a Managed Container that is not a refrigerated container, the product of (a) 0.60/156 and (b) the Original Equipment Cost of such Managed Container ,
or (y) in the case of a Managed Container that is a refrigerated container, the product of (a) 0.75/144 and (b) the Original Equipment Cost of such Managed Container. In the case of either (x) or (y) above, such Managed
Container will continue to depreciate until the residual value is equal to 10% of the Original Equipment Cost (subject to provision (A) (ii) in the definition of Net Book Value); and 

(B) which, for any other purpose, is determined in accordance with GAAP. 

Determination Date: The fourth (4th) Business Day prior to the related
Payment Date. 
 Director Services Provider: AMACAR Investments LLC, a Delaware limited liability company, and its successors and
assigns. 
 Documents: Any “documents,” as such term is defined in Section 9-102(a)(30) of the UCC. 

Dollars: Dollars and the sign “$” means lawful money of the United States of America. 

Early Amortization Event: With respect to any Series, any Trust Early Amortization Event and any Series-Specific Early Amortization
Event for such Series. 
 Eligible Account: Any of (a) a segregated account with an Eligible Institution, (b) a segregated
trust account with the corporate trust department of a depository institution organized under the laws of the United States or any of the states thereof, including the District of Columbia (or any domestic branch of a foreign bank), and acting as a
trustee for funds deposited in such account, so long as the senior securities of such depository institution shall have a credit rating from each of Moody’s and Standard & Poor’s in one of its generic credit rating categories no
lower than “A3” or “A-”, as the case may be, or (c) an account held with the Indenture Trustee. 
 Eligible
Container: As of any date of determination, any Managed Container which, when considered with all other Managed Containers, shall comply with the following requirements: 

(i) Specifications. Such Managed Container conforms to the standard specifications used by the Manager for Containers
purchased by and on behalf of Container owners other than the Issuer for that category of Container and to any applicable standards promulgated by applicable international standards organizations; 

  
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 (ii) Casualty Losses. Such Managed Container shall not have suffered a
Casualty Loss; 
 (iii) Minimum Age. Such Managed Container shall be at least five (5) years old; 

(iv) Maximum Age. At the time of conveyance to the Issuer (except (x) the date of the first conveyance, after the
date hereof, by TMCL pursuant to the TMCL Container Transfer Agreement, or (y) the date of the first conveyance, after the date hereof, by TMCLII pursuant to the TMCLII Container Transfer Agreement), such Managed Container does not have an age
(measured from its manufacture date) greater than fifteen (15) years if it is a dry container and/or special container (other than a refrigerated container), and does not have an age (measured from its manufacture date) greater than thirteen
(13) years if it is a refrigerated container; provided, however, that in no event shall any Managed Container with a container age (measured from its manufacture date) greater than twenty-five (25) years be an Eligible Container;

 (v) Weighted Average Age. The inclusion of such Managed Container on the applicable Transfer Date among the
Eligible Containers does not cause the Weighted Average Age of all Eligible Containers to exceed thirteen (13) years (for the avoidance of doubt, (x) the foregoing shall be measured only on each such Transfer Date and (y) if the
inclusion of any such Managed Containers on a Transfer Date shall cause the Weighted Average Age of all Eligible Containers to exceed thirteen (13) years, then only the Managed Containers being transferred to the Issuer on such Transfer Date
(to the extent causing such condition to occur) shall fail to qualify as Eligible Containers); 
 (vi) Title. The
related Seller shall have had good and marketable title at the time of conveyance to the Issuer; 
 (vii) No
Violation. The conveyance of such Managed Container to the Issuer does not violate any agreement of the related Seller; 

(viii) Assignability. Except with respect to Leases with the U.S. government, the Lease rights with respect to such
Managed Container are freely assignable; 
 (ix) All Necessary Actions Taken. The related Seller and the Issuer shall
have taken all necessary actions to transfer title to such Managed Container and all related Leases (other than TUS Subleases) from such Seller to the Issuer; 

(x) General Trading Terms. Substantially all of the Leases for Eligible Containers shall contain the general trading
terms the Manager uses in its normal course of business; 
 (xi) Purchase Price. In the case of a Managed Container
purchased by the Issuer, the purchase price paid by the related Seller for such Managed Container was not greater than the fair market value of such Managed Container at the time of acquisition by such Seller; 

  
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 (xii) No Adverse Selection Procedures. The selection procedures used in
selecting such Managed Container to be transferred to the Issuer did not discriminate against the Issuer in aggregate as to the type of Containers, utilization potential, lease rates, lessees or Lease terms, in comparison on an approximate basis, to
the subset of the fleet of Containers owned in the aggregate by all Subsidiaries of TGH (other than TW Container Leasing Ltd.) that are within the minimum allowable age (as set forth in clause (iii) above) and the maximum allowable age (as set
forth in clause (iv) above); 
 (xiii) No Prohibited Person or Prohibited Jurisdiction. Such Managed Container is
then not on lease to a Prohibited Person, and to the actual knowledge of the Issuer or the Manager, is not subleased to a Prohibited Person or located, operated or used in a Prohibited Jurisdiction unless it is used by the government of the United
States or one of its allies or pursuant to a license granted by the Office of Foreign Assets Control of the United States Treasury Department; 

(xiv) Good Title; No Liens. The Issuer has good and marketable title to such Managed Container, free and clear of all
Liens other than Permitted Encumbrances; 
 (xv) Container Representations and Warranties. The Container
Representations and Warranties applicable to such Managed Container are true and correct; 
 (xvi) Restrictions on
Acquisitions from Affiliates. Such Managed Container is not subject to a Lease in which the Manager, the Issuer or any of their respective Affiliates is the lessee; provided, however, that a Managed Container is permitted to be subject to
a Head Lease Agreement and a TUS Sublease; 
 (xvii) Bankrupt Lessees under Finance Leases. Such Managed Container is
not then under a Finance Lease to a lessee which, to the best knowledge of the Manager, is the subject of an Insolvency Proceeding; and 

(xviii) Maximum Concentration of Off-Hire Containers in any Group of Managed Containers Transferred to the Issuer after the
date hereof. The sum of the Net Book Values of all Managed Containers (other than those transferred to the Issuer (x) by TMCL on the first date of such a transfer pursuant to the TMCL Container Transfer Agreement, or (y) by TMCLII on
the first date of such a transfer pursuant to the TMCLII Container Transfer Agreement) which are then off-hire and which are transferred to the Issuer on any Transfer Date, shall not exceed an amount equal to eleven percent (11%) of the sum of
the Net Book Values of all of the Managed Containers which are transferred to the Issuer on such Transfer Date. 
 Eligible
Institution: Any one or more of the following institutions: (i) the corporate trust department of the Indenture Trustee; provided that the Indenture Trustee maintains a long-term unsecured senior debt rating of at least “A”
or better from Standard & Poor’s or “A2” or better from Moody’s (so long an Notes deemed Outstanding hereunder are 

  
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rated by Moody’s), or (ii) a depositary institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any
domestic branch of a foreign bank), (a) which has both (x) a long-term unsecured senior debt rating of not less than “A” by Standard & Poor’s Ratings Group and “A2” by Moody’s Investors Service, Inc.,
and (y) a short-term unsecured senior debt rating rated in the highest rating category by each Rating Agency and (b) whose deposits are insured by the Federal Deposit Insurance Corporation. 

Eligible Investments: One or more of the following: 

(i) direct obligations of, and obligations fully guaranteed as to the timely payment of principal and interest by, the United
States or obligations of any agency or instrumentality thereof when such obligations are backed by the full faith and credit of the United States; 

(ii) certificates of deposit and bankers’ acceptances (which shall each have an original maturity of not more than three
hundred sixty-five (365) days) of any United States depository institution or trust company incorporated under the laws of the United States or any State and subject to supervision and examination by federal and/or State authorities,
provided that the long-term unsecured senior debt obligations of such depository institution or trust company at the date of acquisition thereof have been rated “AA-/Aa3” or the equivalent or better by the Rating Agencies, or the
short-term unsecured senior debt obligations of such depository institution or trust company are rated by each Rating Agency in its highest rating category; 

(iii) commercial paper (having original maturities of not more than two hundred seventy (270) days) of any corporation
incorporated under the laws of the United States or any State thereof which on the date of acquisition has been rated by each Rating Agency in the highest short-term unsecured commercial paper rating category; 

(iv) any money market fund that has been rated by each Rating Agency in its highest rating category (including any designations
of “plus” or “minus”) or that invests solely in Eligible Investments; 
 (v) eurodollar deposits (which
shall each have an original maturity of not more than three hundred sixty-five (365) days) of any depository institution or trust company, provided that the long-term unsecured senior debt obligations of such depository institution or
trust company at the date of acquisition thereof have been rated “AA-/Aa3” or the equivalent or better by the Rating Agencies, or the short-term unsecured senior debt obligations of such depository institution or trust company are rated by
each Rating Agency in its highest rating category; and 
 (vi) other obligations or securities that are acceptable to each
Rating Agency as an Eligible Investment hereunder and will not result in a reduction or withdrawal in the then current rating of the Notes as evidenced by a letter to such effect from each Rating Agency. 

  
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 Nothing in the definition of “Eligible Investments” is intended to prohibit the Issuer from acquiring
(to the extent permitted above) an Eligible Investment issued by the Indenture Trustee or an Affiliate of the Indenture Trustee. 

Entitlement Order: Any “entitlement order” as defined in Section 8-102(8) of the UCC. 

Equipment: Any “equipment” as defined in Section 9-102(a)(33) of the UCC. 

ERISA: The Employee Retirement Income Security Act of 1974, as amended. 

ERISA Affiliate: With respect to any Person, any other Person meeting the requirements of paragraphs (b), (c), (m) or (o) of
Section 414 of the Code. 
 Estimated Original Equipment Cost: With respect to each Managed Container acquired by TL from a
third party that is not the manufacturer of such Managed Container: 
 (A) With respect to a Managed Container where TL has purchased other
containers for the same container type and manufacture year as such Managed Container acquired by TL from a third party, the average original equipment cost of all TL containers purchased from a manufacturer with the same container type and
manufacture year; 
 (B) With respect to a Managed Container where TL has not purchased other TL containers for the same container type and
manufacture year as such Managed Container acquired by TL from a third party, the lesser of (x) the average original equipment cost of all TL containers purchased from a manufacture with the same container type for all other manufacture years
where TL purchased such container type and (y) the average original equipment cost of the same container type purchased in the next closest container manufacturer year following the manufacture year of such acquired Managed Container; or 

(C) With respect to a Managed Container where TL has not previously purchased other containers of the same container type, a methodology
agreed to by the Requisite Global Majority. 
 Event of Default: With respect to any Series, any Trust Event of Default and any
Series-Specific Event of Default for such Series. 
 Exchange Act: The Securities Exchange Act of 1934, as amended. 

Excess Concentration Percentage: As of any date of determination for each Series of Notes then Outstanding, the percentage specified as
such in the Related Supplement. 
 Excess Funding Account: The account or accounts established pursuant to Section 306 of this
Indenture. 
 Existing Commitment: With respect to any Series (A) of Warehouse Notes (i) prior to its Conversion Date, the
aggregate Initial Commitment with respect to such Series of Notes Outstanding, consisting of one or more classes, expressed as a dollar amount, as set forth 

  
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in the related Supplement and subject to reduction from time to time in accordance with the related Supplement and (ii) after its Conversion Date, the then Unpaid Principal Balance of the
Notes of such Series and (B) of Term Notes, the then Unpaid Principal Balance of the Notes of such Series. 
 Expected Final Payment
Date: With respect to any Series, the date on which the principal balance of the Outstanding Notes of such Series are expected to be paid in full. The Expected Final Payment Date for a Series shall be set forth in the related Supplement. 

Fair Market Value: With respect to any asset (including a Container), shall mean the price at which a willing buyer, not an Affiliate
of the seller, and a willing seller who does not have to sell, would agree to purchase and sell such asset, as determined by the Manager. 

FATCA: Sections 1471 through 1474 of the Code and the Treasury Regulations, administrative guidance and official interpretations
promulgated thereunder. 
 Finance Lease: Any initial Lease of a Container which provides the Lessee the right or option to purchase
the Container at the expiration of the Lease and which satisfies the criteria for classification as a capital lease pursuant to GAAP, including Statement of Financial Accounting Standards No. 13, as amended. 

Financial Asset: Any “financial asset” as such term is defined in
Section 8-102(a)(9) of the UCC. 
 Fleet: As of any date of determination, both of the
following collectively: (i) the Managed Containers and (ii) without duplication of clause (i), all other Containers then managed by Manager. 

General Intangibles: Any “general intangible” as such term is defined in Section 9-102(a)(42) of the UCC. 

Generally Accepted Accounting Principles or GAAP: With respect to any Person, 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: Any of the following: (i) any national, state or other sovereign government, and any federal, regional,
state, provincial, local, city government or other political subdivision, (ii) any governmental or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality or public body, (iii) any court or
administrative tribunal or (iv) with respect to any Person, any arbitration tribunal or other non-governmental authority to whose jurisdiction that Person has consented. 

Grant: To grant, bargain, sell, convey, assign, transfer, mortgage, pledge, create and perfect a security interest in and right of
set-off against, deposit, set over and confirm. 

  
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 Head Lease Agreement: A Lease between the Issuer (or the Manager, on behalf of the
Issuer), as lessor, and TUS, as lessee, that possesses all of the following attributes: 
  

	 	(A)	the rent payable by TUS under such Lease with respect to Managed Containers equals at least 98.5% of the amount of rent received by TUS from the applicable TUS Sublessee; 

 

	 	(B)	the obligations of TUS under such Lease are secured by a first priority security interest granted by TUS in all TUS Subleases, and the proceeds of such TUS Subleases, in each case, to the extent but only to the extent
related to the Managed Containers subject to the Head Lease Agreement; 

  

	 	(C)	such Lease requires that all rental payments payable under the TUS Subleases shall be remitted directly to a Master Account; 

  

	 	(D)	such Lease requires that a Managed Container not be subleased by TUS to a Prohibited Person and, to the actual knowledge of TUS, shall not be subleased by a TUS Sublessee to a Prohibited Person or located, operated or
used in a Prohibited Jurisdiction unless it is used pursuant to a license granted by the Office of Foreign Assets Control of the United States Treasury Department; 

 

	 	(E)	the term of such Head Lease Agreement with respect to a Managed Container shall expire upon the expiration or earlier termination of the TUS Sublease of such Managed Container; 

 

	 	(F)	events of default by TUS under such Lease shall include (but not be limited to) the following: 

  

	 	i.	any rental or other payments received by TUS with respect to a TUS Sublease (other than (i) amounts permitted to be deducted pursuant to Section 6.1 of the Management Agreement and (ii) amounts equal to
the TUS Sublease Spread) with respect to a TUS Sublease of a Managed Container are not remitted to the Trust Account within seven days after the last Business Day of the week during which such payments are received by TUS from the applicable TUS
Sublessees, and such condition continues unremedied for three (3) Business Days after such remittance is due; 

  

	 	ii.	any representation and warranty made by TUS in such Lease, or in any certificate, report, or financial statement delivered by it pursuant thereto, shall prove to have been untrue in any material and adverse respect when
made and shall continue unremedied for a period of 30 days after the earlier to occur of (i) an officer of TUS has actual knowledge thereof or (ii) TUS receives notice thereof; 

 

	 	iii.	TUS shall cease to be engaged in the container management business; 

  
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	 	iv.	the filing of any petition in any bankruptcy proceeding, any assignment for the benefit of creditors, appointment of a receiver of all or any of TUS’s assets, entry into any type of liquidation, whether compulsory
or voluntary, or the initiation of any other bankruptcy or insolvency proceeding by or against TUS including, without limitation, any action by TUS to call a meeting of its creditors or to compound with or negotiate for any composition with its
creditors; provided that, in the case of any involuntary proceeding, such proceeding is not dismissed or stayed within 60 days; 

  

	 	v.	TUS is unable to pay its debts when due or shall commence an insolvency proceeding; 

  

	 	vi.	TUS assigns its interest in such Lease (provided that no sublease of a Managed Container shall be deemed to constitute an assignment of such Lease); 

 

	 	vii.	TUS shall have failed to pay any amounts due or suffered to exist an event of default with respect to the term of any indebtedness which singularly or in the aggregate exceeds $1,000,000 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; 

 

	 	viii.	either of the following shall occur: (i) TUS shall have Consolidated Funded Debt (as defined in the Management Agreement) in excess of $1,000,000 or (ii) the annual after-tax profit of TUS (calculated on a
rolling four quarter basis) shall be less than $200,000; 

  

	 	ix.	(i) TUS amalgamates or consolidates with, or merges with or into, another Person, (ii) TUS 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, other than pursuant to subleases of Containers, (iii) any person amalgamates or consolidates with, or merges with or into, TUS, or (iv) the Manager shall fail to own,
directly or indirectly, a majority of the equity interests in TUS; 

  

	 	x.	a judgment is rendered against TUS that is in excess of $1,000,000 and such judgment is not covered by insurance or bonded or stayed within 30 days of becoming final; or 

 

	 	xi.	the lien, created by TUS on its interest in the TUS Subleases and the proceeds thereof (the “Sublease Collateral”) pursuant to the terms of the Head Lease Agreement, shall fail to be perfected or the
Sublease Collateral shall be subject to a Lien other than a Permitted Encumbrance. 

 Holder: See Noteholder.

  
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 Indebtedness: With respect to any Person means, without duplication, (a) any
obligation of such Person for borrowed money, including, without limitation, (i) any obligation incurred through the issuance and sale of bonds, debentures, notes or other similar debt instruments, and (ii) any obligation for borrowed
money which is non-recourse to the credit of such Person but which is secured by any asset of such Person, (b) any obligation of such Person on account of deposits or advances, (c) any obligation of such Person for the deferred purchase
price of any property or services, except accounts payable arising in the ordinary course of such Person’s business, (d) any obligation of such Person as lessee under a capital lease, (e) any Indebtedness of another secured by a Lien
on any asset of such Person, whether or not such Indebtedness is assumed by such Person, (f) any obligation in respect of interest rate or foreign exchange hedging agreements, (g) liabilities and obligations of others for which such Person
is directly or indirectly liable, by way of guaranty (whether by direct guaranty, suretyship, discount, endorsement, take-or-pay agreement, agreement to purchase or advance or keep in funds or other agreement having the effect of a guaranty) and
(h) any obligation of such Person to reimburse the issuer of any letter of credit issued for the account of such Person upon which a draw has been made. 

Indenture: This Indenture, dated as of August 5, 2013, between the Issuer and the Indenture Trustee and all amendments hereof and
supplements hereto, including, with respect to any Series or Class, the related Supplement. 
 Indenture Trustee: The Person
performing the duties of the Indenture Trustee under this Indenture. 
 Indenture Trustee Fee: The compensation payable to the
Indenture Trustee for its services under this Indenture and the other Related Documents to which it is a party. Indenture Trustee Fees do not include Indenture Trustee Indemnified Amounts. 

Indenture Trustee Indemnified Amounts: Any indemnities payable to the Indenture Trustee pursuant to Section 905 of this Indenture.

 Independent Accountants: KPMG LLP or other independent certified public accountants of internationally recognized standing
selected by Issuer and acceptable to the Requisite Global Majority. 
 Initial Commitment: With respect to any Series, the aggregate
initial commitment, expressed as a dollar amount, to purchase up to a specified principal balance of all Classes of such Series, which commitments shall be set forth in the related Supplement. 

Insolvency Law: The Bankruptcy Code, the Companies Act 1981 of Bermuda or similar Applicable Law in any other applicable jurisdiction.

 Insolvency Proceeding: Any Proceeding under any applicable Insolvency Law. 

Instrument: Any “instrument,” as such term is defined in Section 9-102(a)(47) of the UCC. 

  
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 Intangible Assets: As of any date of determination, with respect to any Person, the
intangible assets of such Person determined in accordance with GAAP. 
 Interest Payment: For each Series of Notes Outstanding (or
Class thereof) on any Payment Date, the amount set forth in the related Supplement. 
 Interest Rate Hedge Agreement: An ISDA
interest rate cap agreement, ISDA interest rate swap agreement, ISDA interest rate ceiling agreement, ISDA interest rate floor agreement or any combination of the foregoing or other similar agreement entered into pursuant to the terms of this
Indenture or any Supplement, including any schedules and confirmations prepared and delivered in connection therewith. 
 Interest Rate
Hedge Provider: A counterparty to an Interest Rate Hedge Agreement. 
 Inventory: Any “inventory,” as such term is
defined in Section 9-102(a)(48) of the UCC. 
 Invested Amount: For any Series of Notes then Outstanding as of any date of
determination, this term shall mean one of the following: 
 (a) if no Early Amortization Event for such Series or Event of Default for such
Series is then continuing, an amount equal to the Unpaid Principal Balance for such Series as of such date of determination; or 
 (b) at
all times not covered by clause (a), an amount equal to the Unpaid Principal Balance for such Series on the date such Early Amortization Event or Event of Default for such Series initially occurred. 

Investment: When used in connection with any Person, any investment by or of that Person, whether by means of purchase or other
acquisition of securities of any other Person or by means of loan, advance, capital contribution, guaranty or other debt or equity participation or interest in any other Person including any partnership and joint venture interests of each Person in
any other Person. The amount of any Investment shall be the original principal or capital amount thereof, plus additional paid in capital (including, without limitation, share premium and contributed surplus), plus retained earnings, less all
returns of principal or equity thereon (and without adjustment by reason of the financial condition of such other Person) and shall, if made by the transfer or exchange of property other than cash, be deemed to have been made in an original
principal or capital amount equal to the fair market value of such property. 
 Investment Property: Any “investment
property” as such term is defined in Section 9-102(a)(49) of the UCC. 
 Issuer: Textainer Marine Containers IV Limited, an
exempted company with limited liability incorporated and existing under the laws of Bermuda. 
 Issuer Expenses: For any Collection
Period an amount equal to overhead and all other costs, expenses and liabilities of the Issuer (other than Operating Expenses paid pursuant to 

  
 - 19 - 

 
the Management Agreement and any Management Fee) payable during such Collection Period (including costs and expenses permitted to be paid to or by the Manager in connection with the conduct of
the Issuer’s business), in each case determined on a cash basis, including but not limited to the following: 
  

	 	(A)	administration expenses; 

  

	 	(B)	accounting and audit expenses of the Issuer, and tax preparation, filing and audit expenses of the Issuer; 

  

	 	(C)	premiums for liability, casualty, fidelity, directors and officers and other insurance; 

  

	 	(D)	directors’ fees and expenses, including fees and expenses of the Director Services Provider; 

  

	 	(E)	legal fees and expenses; 

  

	 	(F)	other professional fees; 

  

	 	(G)	taxes (including personal or other property taxes and all sales, value added, use and similar taxes but excluding any such amounts that are included as an Operating Expense); 

 

	 	(H)	taxes imposed in respect of any and all issuances of equity interests, stock exchange listing fees, registrar and transfer expenses and trustee’s fees with respect to any outstanding securities of the Issuer;

  

	 	(I)	surveillance fees assessed by the Rating Agencies; and 

  

	 	(J)	the expenses, if any, incurred by the Manager in performing its duties pursuant to Sections 3.4, 7.1, 7.4, 7.6, 7.11, 7.12 and 7.16 of the Management Agreement. 

Notwithstanding the foregoing, Issuer Expenses shall not include (i) depreciation or amortization on the Managed Containers, (ii) payments of
principal, interest and premium, if any, on or with respect to the Notes, or (iii) funds used to acquire additional Containers. In no event shall the Manager be obligated to pay any Issuer Expenses from its own funds. 

Issuer Proceeds: This term shall have the meaning set forth in the Management Agreement. 

Lease: Any lease agreement relating to one or more Managed Containers entered into from time to time on behalf of the Issuer (which
lease may relate to both Managed Containers and other Containers). Leases may be in the name of Manager, any Affiliate thereof or any third-party lessor from whom Manager has acquired management rights. Leases shall include all TUS Subleases. 

  
 - 20 - 

 Legal Final Payment Date: With respect to any Series, the date on which the Unpaid
Principal Balance of, and accrued interest on, the Notes of such Series will be due and payable. The Legal Final Payment Date for a Series shall be set forth in the related Supplement. 

Letter of Credit Right: Any “letter-of-credit right,” as such term is defined in Section 9-102(a)(51) of the UCC. 

Lien: Any security interest, lien, charge, pledge, equity or encumbrance of any kind. 

Liquidation Deficiency Series: Any Liquidating Series that (i) has sold a portion of the Terminated Managed Containers (as defined
in the Management Agreement) and related Leases in accordance with Section 804 of this Indenture, and (ii) after giving effect to the application of the net proceeds of such Terminated Managed Containers and related Leases, a Liquidation
Deficiency Series Amount exists. 
 Liquidation Deficiency Series Amount: For any Liquidating Series, an amount equal to the then
Unpaid Principal Balance of, and accrued interest on, all Classes of the Notes of such Liquidating Series, after giving effect to the application of the proceeds of the sale relating to such Liquidating Series contemplated by Section 804 of
this Indenture. 
 Liquidating Series: This term shall have the meaning set forth in Section 804(b) of this Indenture. 

Long-Term Lease: A Lease, other than a Finance Lease, having an initial term of twenty-four (24) months or more. 

Managed Containers: As of any date of determination, all Containers then owned by the Issuer. 

Management Agreement: The Management Agreement, dated as of the date hereof, between the Manager and the Issuer, as such agreement
shall be amended, supplemented or modified from time to time in accordance with its terms. 
 Management Fee: For any Series of Notes
then Outstanding, this term shall have the meaning set forth in the related Supplement. 
 Management Fee Arrearage: For any Payment
Date, an amount equal to any unpaid Management Fee from all prior Collection Periods. 
 Manager: The Person performing the duties of
the Manager under the Management Agreement; initially, TEML. 
 Manager Advance: The term shall have the meaning as set forth in the
Management Agreement. 
 Manager Default: With respect to any Series, any Trust Manager Default and any Series-Specific Manager
Default (as defined in the related Supplement) for such Series. 

  
 - 21 - 

 Manager Report: This term shall have the meaning set forth in the Management Agreement.

 Manager Termination Notice: A written notice to be provided to the Manager and other specified Persons pursuant to
Section 405(b) of this Indenture. 
 Manager Transfer Facilitator: The Person performing the duties of the Manager Transfer
Facilitator under the Manager Transfer Facilitator Agreement; initially, Wells Fargo Bank, National Association. 
 Manager Transfer
Facilitator Agreement: The Manager Transfer Facilitator Agreement, dated as of the date hereof, by and among the Manager Transfer Facilitator, the Issuer and the Indenture Trustee, as such agreement shall be amended, supplemented or modified
from time to time in accordance with its terms. 
 Manager Transfer Facilitator Fee: This term shall have the meaning set forth in
the Manager Transfer Facilitator Agreement. 
 Managing Officer: Any representative of the Manager involved in, or responsible for,
the management of the day-to-day operations of the Issuer and the administration and servicing of the Managed Containers whose name appears on a list of managing officers furnished to Issuer and the Indenture Trustee by the Manager, as such list may
from time to time be amended. 
 Master Account: The term shall have the meaning as set forth in the Management Agreement. 

Master Lease: A Lease other than a Long-Term Lease or a Finance Lease. 

Material Adverse Change: Any set of circumstances or events which (i) has, or could reasonably be expected to have, any material
adverse effect whatsoever upon the validity or enforceability of any Related Document or the security for any of the Notes, (ii) is, or could reasonably be expected to be, material and adverse to the condition (financial or otherwise) or
business operations of Issuer or Manager, individually or taken together as a whole, (iii) materially impairs, or could reasonably be expected to materially impair, the ability of Issuer or Manager to perform any of their respective obligations
under the Related Documents, or (iv) materially impairs, or could reasonably be expected to materially impair, the ability of Indenture Trustee to enforce any of its or their respective legal rights or remedies pursuant to the Related
Documents. 
 Minimum Principal Payment Amount: With respect to any Series (if applicable to such Series), the amount identified as
such in the related Supplement. 
 Moody’s: Moody’s Investors Service, Inc. and any successor thereto. 

  
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 Net Book Value: With respect to a Managed Container that is: 

(A) not subject to Finance Lease, as of any date of determination, (i) with respect to each Managed Container purchased by TL directly
from the manufacturer of such Managed Container, an amount equal to the Original Equipment Cost of such Container, less any accumulated depreciation, calculated utilizing the depreciation policy described in the definition of Depreciation Expense,
or (ii) with respect to each Managed Container acquired by TL from a third party that is not the manufacturer of such Managed Container, the lesser of (x) the cash purchase price paid by TL for such Managed Container and (y) an amount
equal to the Original Equipment Cost of such Container, less, in the case of either clause (x) or (y), any accumulated depreciation, calculated utilizing the depreciation policy described in the definition of Depreciation Expense; and 

(B) with respect to a Container that is subject to a Finance Lease, the then net book value of such Finance Lease determined in accordance
with GAAP. 
 Net Issuer Proceeds: This term shall have the meaning set forth in the Management Agreement. 

Noteholder or Holder: The Person in whose name a Note is registered in the Note Register, except that, solely for the purposes of
giving any consent, waiver, request or demand, the interest evidenced by any Note registered in the name of any Seller or the Issuer or any Affiliate of any of them known to be such an Affiliate by the Indenture Trustee shall not be taken into
account in determining whether the requisite percentage of the Aggregate Note Principal Balance of the Outstanding Notes necessary to effect any such consent, waiver, request or demand is represented. 

Noteholder FATCA Information. Information sufficient to eliminate the imposition of U.S. withholding tax under FATCA. 

Noteholder Tax Identification Information. Properly completed and signed tax certifications (generally, in the case of U.S. Federal
Income Tax, IRS Form W-9 (or applicable successor form) in the case of a person that is a “United States Person” within the meaning of Section 7701(a)(30) of the Code or the appropriate IRS Form W-8 (or applicable successor form) in
the case of a person that is not a “United States Person” within the meaning of Section 7701(a)(30) of the Code). 
 Note
Purchase Agreement: Any underwriting agreement or other agreement for the Notes of any Series or Class. 
 Note Register: The
register maintained by the Indenture Trustee pursuant to Section 205(a) of this Indenture. 
 Note Registrar: This term shall
have the meaning set forth in Section 205(a) of this Indenture. 
 Notes: One or more of the promissory notes or other
securities executed by the Issuer pursuant to this Indenture and authenticated by, or on behalf of, the Indenture Trustee, substantially in the form attached to the related Supplement. 

  
 - 23 - 

 OFAC: The Office of Foreign Assets Control of the United States Department of the
Treasury. 
 Officer’s Certificate: A certificate signed by a duly authorized officer of the Person who is required to sign such
certificate. 
 Operating Expenses: This term shall have the meaning set forth in the Management Agreement. 

Opinion of Counsel: A written opinion of counsel, who, unless otherwise specified, may be counsel employed by the Issuer, the Sellers
or the Manager, in each case reasonably acceptable to the Person or Persons to whom such Opinion of Counsel is to be delivered. The counsel rendering such opinion may rely (i) as to factual matters on a certificate of a Person whose duties
relate to the matters being certified, and (ii) insofar as the opinion relates to local law matters, upon opinions of local counsel. 

Original Equipment Cost: With respect to a Managed Container, one of the following: 

(A) with respect to each Managed Container purchased by TL directly from the manufacturer of such Managed Container, an amount equal to the
sum of (i) the vendor’s or manufacturer’s invoice price of the related Managed Container, (ii) all reasonable and customary inspection, transport, and initial positioning costs necessary to put such Managed Container in service
and (iii) reasonable acquisition fees and other fees not to exceed 2.5% of the amounts described in clauses (i) and (ii) above; or 

(B) with respect to each Managed Container acquired by TL from a third party that is not the manufacturer of such Managed Container, the
Estimated Original Equipment Cost for such Managed Container. 
 Outstanding: When used with reference to the Notes and as of any
particular date, any Note theretofore and thereupon being authenticated and delivered except: 
 (i) any Note canceled by the
Indenture Trustee or proven to the satisfaction of the Indenture Trustee to have been duly canceled by the Issuer at or before said date; 

(ii) any Note, or portion thereof, called for payment or redemption for which monies equal to the principal amount or
redemption price thereof, as the case may be, with interest to the date of maturity or redemption, shall have theretofore been deposited with the Indenture Trustee (whether upon or prior to maturity or the redemption date of such Note); 

(iii) any Note in lieu of or in substitution for which another Note shall subsequently have been authenticated and delivered;
and 
 (iv) any Note held by the Issuer, the Sellers or any Affiliate of either the Issuer or Sellers. 

  
 - 24 - 

 Outstanding Obligations: As of any date of determination for any Series of Notes issued
under this Indenture or any Supplement thereto, an amount equal to the sum of (i) all accrued interest payable on such Series of Notes (including, for any Series of Notes for which the related Noteholder has funded or maintains its investment
through the issuance of commercial paper, interest accrued through the last maturing tranche, interest or fixed period, as applicable), (ii) the Unpaid Principal Balance of such Series of Notes, (iii) all other amounts owing by the Issuer
to Noteholders or to any Person under this Indenture or any Supplement hereto and (iv) amounts owing by the Issuer under any Interest Rate Hedge Agreement. 

Overdue Rate: The rate of interest specified in the related Supplement applicable to a Note then earning Default Interest, but in no
event to exceed two percent (2%) over the interest rate per annum otherwise then applicable to such Note. 
 Ownership Interest:
An ownership interest in a Book-Entry Note. 
 Payment Date: With respect to any Series, the twentieth (20th) calendar day of
each calendar month; provided, however, if such day is not a Business Day, then the immediately succeeding Business Day. 

Permitted Encumbrance: With respect to the Collateral, any or all of the following: (i) Liens for taxes not yet due or which are
being contested in good faith by appropriate Proceedings and for the payment of which adequate reserves are provided by the Manager; (ii) with respect to the Managed Containers, carriers’, warehousemen’s, mechanics, or other like
Liens arising in the ordinary course of business and relating to amounts not yet due or which shall not have been overdue for a period of more than sixty (60) days or which are being contested in good faith by appropriate Proceedings and for
the payment of which adequate reserves are provided by the Manager; (iii) with respect to the Managed Containers, Leases entered into in the ordinary course of business providing for the leasing of Managed Containers; (iv) Liens created by
this Indenture and (v) the rights of the Manager under the Management Agreement; provided that any Proceedings of the type described in clauses (i) and (ii) above could not reasonably be expected to subject the Indenture
Trustee or Noteholder to any civil or criminal penalty or liability or involve any material risk of loss, sale or forfeiture of any of the Collateral. 

Person: 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. 
 Plan: An “employee benefit plan,” as such
term is defined in Section 3(3) of ERISA, or a plan described in Section 4975(e)(1) of the Code of the Issuer or its ERISA Affiliates. 

Pre-Adjustment Issuer Proceeds: This term shall have the meaning set forth in the Management Agreement. 

Pre-Funding Account: An account that is designated as a “Pre-Funding Account” for any Series of Notes in the Supplement for
such Series, to be used to hold funds that will be used solely to acquire additional Containers from the Sellers during a specified period of time following the issuance of such Series of Notes. 

  
 - 25 - 

 Prepayment: Any mandatory or optional prepayment of principal of any Series of Notes prior
to the Expected Final Payment Date of such Series including, without limitation, any prepayment made in accordance with the provisions of Article VII of this Indenture. 

Principal Terms: With respect to any Series, (i) the name or designation of such Series; (ii) the initial principal amount of
the Notes to be issued for such Series (or method for calculating such amount) and the Minimum Principal Payment Amounts and the Scheduled Principal Payment Amount for each Payment Date (or method for calculating such amount); (iii) the
interest rate to be paid with respect to each Class of Notes for such Series (or method for the determination thereof); (iv) the Payment Date and the date or dates from which interest shall accrue and on which principal is scheduled to be paid;
(v) the designation of all Series Accounts and the terms governing the operation of all such Series Accounts; (vi) the Expected Final Maturity Date (if any) and the Legal Final Maturity Date for the Series; (vii) the number of Classes
of Notes of the Series and, if the Series consists of more than one Class, the rights and priorities of each such Class; (viii) the priority of such Series with respect to any other Series; (ix) the designated Control Party with respect to
such Series and the Rating Agencies, if any, for such Series; (x) the designation of such Series as either a Term Note or a Warehouse Note; and (xi) the calculation of the Asset Base, the Advance Rate, the Required Overcollaterization
Percentage and the Excess Concentration Percentage for such Series. 
 Proceeding: Any suit in equity, action at law, or other
judicial or administrative proceeding. 
 Proceeds: Any “proceeds,” as such term is defined in Section 9-102(a)(64) of
the UCC. 
 Prohibited Jurisdiction: Any country or jurisdiction, from time to time, that is the subject of a prohibition order (or
any similar order or directive), sanctions or restrictions promulgated or administered by the Office of Foreign Assets Control of the United States Treasury Department. 

Prohibited Person: Any of the following currently or in the future: (i) a person named on the list of Specially Designated
Nationals or Blocked Persons maintained by OFAC available at http://www.treas.gov/offices/eotffc/ofac/sdn/index.html, or (ii) (A) an agency of the government of a Prohibited Jurisdiction, (B) an organization controlled by a Prohibited
Jurisdiction, or (C) a person resident in a Prohibited Jurisdiction, to the extent the agency, organization, or person is subject to a sanctions program administered by OFAC. 

Prospective Owner: This term shall have the meaning as set forth in Section 205(h) of this Indenture. 

Purchaser Letter: This term shall have the meaning set forth in Section 205(i) of this Indenture. 

  
 - 26 - 

 Rated Institutional Noteholder: An institutional Noteholder whose long term unsecured debt
obligations are then rated “BBB-” or better by Standard & Poor’s and “Baa3” or better by Moody’s. 

Rating Agency or Rating Agencies: With respect to any Outstanding Series, each statistical rating agency selected by the Issuer to rate
such Series and having an outstanding rating with respect to such Series. 
 Rating Agency Condition: With respect to
(i) (A) the issuance of an additional Series, (B) any Change of Control (as defined in the Management Agreement), (C) any waiver of a Trust Event of Default or Trust Manager Default or (D) any other action expressly
specified in any Related Document as requiring the affirmative approval or consent of each Rating Agency, means a confirmation issued in writing by each Rating Agency that has issued an outstanding rating with respect to any Series of Notes then
Outstanding that the rating(s) on such existing Series will not be downgraded or withdrawn as the result of the issuance of such additional Series, Change of Control, waiver or other action; and (ii) any other action, means that each Rating
Agency that has issued an outstanding rating with respect to any Series of Notes then Outstanding shall have been given ten (10) Business Days (or such shorter period as is practicable or acceptable to each Rating Agency) prior notice thereof
and, within such notice period, such Rating Agency shall not have notified the Sellers, the Indenture Trustee or Issuer in writing that such action will result in a downgrade, qualification or withdrawal of any such outstanding rating; provided,
however, the term “Rating Agency Condition” shall also include the satisfaction of any other requirement for the fulfillment of the Rating Agency Condition that may be set forth in a Supplement for any Series of Notes which is not
rated. 
 Record Date: Except as otherwise provided with respect to a Series in the related Supplement, with respect to any Payment
Date, the last Business Day of the month preceding the month in which the related Payment Date occurs. 
 Regulation S Book-Entry
Notes: Collectively, the Unrestricted Book-Entry Notes and the Regulation S Temporary Book-Entry Notes. 
 Regulation S Temporary
Book-Entry Notes: The temporary book-entry notes in fully registered form without coupons that represent the Notes sold in offshore transactions within the meaning of and in compliance with Regulation S under the Securities Act and which will be
registered with the Depositary. 
 Related Documents: With respect to any Series, each Container Transfer Agreement, the Contribution
and Sale Agreement, this Indenture, the related Supplement, the Notes of such Series, the Note Purchase Agreement for such Series, the Management Agreement, the Manager Transfer Facilitator Agreement, each Interest Rate Hedge Agreement (upon
execution thereof), the Insurance Agreement for such Series (if any), each premium letter and each other document or instrument executed in connection with the issuance of any Series, as any of the foregoing may from time to time be amended,
modified, supplemented or renewed. 
 Release Date: The date on which Released Assets are transferred by the Issuer to any Seller or
any Affiliate of any Seller pursuant to the terms of the Related Documents. 

  
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 Released Assets: This term shall have the meaning set forth in the applicable Container
Transfer Agreement or the Contribution and Sale Agreement, as context may require. 
 Replacement Manager: Any Person appointed to
replace the then Manager as manager of the Managed Containers, which Person shall be acceptable to the Requisite Global Majority. 

Reportable Event: This term shall have the meaning given to such term in ERISA. 

Required Deposit Rating: With regard to an institution, the short-term unsecured senior debt rating of such institution is in the
highest category by each Rating Agency. 
 Required Overcollateralization Percentage: For any Series of Notes, the percentage
identified as such and set forth in the related Supplement. 
 Required Payments. For any Series of Notes then Outstanding, the
payments identified as such in the related Supplement. Such Supplement shall also specify the relative priority in which the various components of the Required Payments are to be paid. 

Required Payment Deficiency: For each Series of Notes then Outstanding, the condition that will exist if funds on deposit on the Series
Account for such Series (determined after giving effect to all draws on the Restricted Cash Account for such Series, but without giving effect to any allocation of Shared Available Funds to such Series) on any Payment Date is not sufficient to pay
all Required Payments for such Series of Notes on such Payment Date. 
 Requisite Global Majority: As of any date of determination,
the determination of whether a Requisite Global Majority exists with respect to a particular course of action shall be determined in accordance with Section 503 of this Indenture. 

Restricted Cash Account: For any Series of Notes then Outstanding (or Class thereof), the account identified as such in the related
Supplement. 
 Restricted Cash Amount: For any Series of Notes then Outstanding (or Class thereof), the amount identified as such in
the related Supplement. 
 Rule 144A: Rule 144A under the Securities Act, as such Rule may be amended from time to time. 

Rule 144A Book-Entry Notes: The permanent book-entry notes in fully registered form without coupons that represent the Notes sold in
reliance on Rule 144A and which will be registered with the Depositary. 
 Sale: This term shall have the meaning set forth in
Section 816(a) of this Indenture. 
 Sales Proceeds: This term shall have the meaning set forth in the Management Agreement.

  
 - 28 - 

 Scheduled Principal Payment Amount: With respect to any Series of Notes (if applicable to
such Series), the amount identified as such in the related Supplement. 
 Securities Account: Any “securities account,” as
such term is defined in Section 8-501 of the UCC. 
 Securities Act: The Securities Act of 1933, as amended from time to time.

 Securities Entitlement: Any “securities entitlement,” as such term is defined in Section 8-102(a)(17) of the UCC.

 Securities Intermediary: Any “securities intermediary”, as such term is defined in Section 8-102 of the UCC. 

Seller(s): Any or all, as the context may require, of TL and any wholly-owned subsidiary of TL that is a special purpose entity
(including without limitation TMCL and TMCLII), in its capacity as counterparty to a Container Transfer Agreement. 
 Senior Notes:
With respect to any Series of Notes, those Note(s) of such Series, if any, that are designated as “Senior Notes” in the related Supplement. 

Senior Series: Any Series of Senior Notes issued pursuant to a Supplement. 

Series: Any series of Notes established pursuant to a Supplement. 

Series Account: Any deposit, trust, escrow or similar account maintained for the benefit of the Noteholders and any related Interest
Rate Hedge Providers of any Series, if any, as specified in the related Supplement. 
 Series Issuance Date: With respect to any
Series, the date on which the Notes of such Series are to be originally issued in accordance with Section 1006 of this Indenture and the related Supplement. 

Series-Specific Collateral: With respect to any Series of Notes, the collateral identified as such in the related Supplement. 

Series-Specific Early Amortization Event: With respect to any Series of Notes, the events or conditions identified as such in the
related Supplement. 
 Series-Specific Event of Default: With respect to any Series of Notes, the events or conditions identified as
such in the related Supplement. 
 Series-Specific Manager Default: With respect to any Series of Notes, the events or conditions
identified as such in the related Supplement. 
 Shared Available Funds: For any Series, this term shall have the meaning set forth
in the Supplement for such Series. 

  
 - 29 - 

 Special Purpose Vehicle: A trust, partnership, corporation, exempted company with limited
liability or other entity established and wholly-owned (directly or indirectly) by TL and/or one or more Subsidiaries wholly-owned (directly or indirectly) by TL (each an “Entity”) to acquire Containers, leases, other related assets
and proceeds of the foregoing, provided that: 
 (a) no portion of the indebtedness or any other obligations (contingent or
otherwise) of such Entity (i) is guaranteed by TL or TGH (excluding guarantees of obligations pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates TL or TGH in any way other than pursuant to Standard
Securitization Undertakings or (iii) subjects any property or asset of TL or TGH, directly or indirectly, contingently or otherwise, to the satisfaction of obligations of such Entity incurred in such transactions, other than pursuant to
Standard Securitization Undertakings; 
 (b) none of TL or TGH has any material contract, agreement, arrangement or
understanding with such Entity other than on terms no less favorable to TL or TGH than those that might be obtained at the time from Persons that are not affiliates of such Entity, other than fees payable in the ordinary course of business in
connection with servicing and managing containers; provided that a sale of Containers at net book value shall be deemed to comply with this paragraph (b); and 

(c) none of TL or TGH has any obligation to maintain or preserve the financial condition of such Entity or cause such Entity to
achieve certain levels of operating results. 
 Notwithstanding the foregoing, each of TMCL and TMCLII constitutes a Special Purpose Vehicle. 

Standard Securitization Undertakings: Representations, warranties, covenants and indemnities of TGH, TL and/or other transferring
Subsidiary of TL that are reasonably customary in securitization transactions. 
 Standard & Poor’s: Standard and
Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., and any successor thereto. 
 Step Up Warehouse Fee: For
any Series of Warehouse Notes, the incremental fee (whether or not characterized as a fee in the relevant Related Documents) payable by the Issuer on such Warehouse Notes upon the occurrence and continuance of an Early Amortization Event for such
Series or Event of Default for such Series. 
 Structuring Agent: RBC Capital Markets, LLC, a Delaware limited liability company, and
its permitted successors and assigns. 
 Subordinate Notes: With respect to any Series of Notes, those Note(s), if any, that are
designated as “Subordinate Notes” in the related Supplement. 
 Subordinate Series: Any Series of Subordinate Notes issued
pursuant to a Supplement. 

  
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 Subsidiary: A subsidiary of a Person means any corporation, association, partnership,
limited liability company, joint venture or other business entity of which more than fifty percent (50.0%) of the voting stock or other equity interests (in the case of Persons other than corporations) is owned or controlled directly or
indirectly by such Person, or one or more of the Subsidiaries of such Person, or a combination thereof. 
 Supplement: Any supplement
to this Indenture executed in accordance with Article X of this Indenture. 
 Supporting Obligation: Any “supporting
obligation” as defined in Section 9-102(a)(77) of the UCC. 
 TEML: Textainer
Equipment Management Limited, an exempted company continued into and existing under the laws of Bermuda, and its successors and permitted assigns. 

Term Lease: This term shall have the meaning set forth in the Management Agreement. 

Term Note: Any Note that pays principal and interest on each Payment Date from and after its date of issuance. 

TEU: A twenty (20) foot equivalent unit, an industry standard measure based on the physical dimensions of a Container. 

TGH: Textainer Group Holdings Limited, an exempted company with limited liability incorporated and existing under the laws of Bermuda,
including its permitted successors and assigns. 
 TL: Textainer Limited, an exempted company with limited liability incorporated and
existing under the laws of Bermuda, including its permitted successors and assigns. 
 TMCL: Textainer Marine Containers Limited, an
exempted company with limited liability incorporated and existing under the laws of Bermuda, including its permitted successors and assigns. 

TMCL Container Transfer Agreement: The Container Transfer Agreement, to be executed after the date hereof, between the Issuer and TMCL,
as such agreement may be amended, modified or supplemented from time to time in accordance with its terms. 
 TMCLII: Textainer
Marine Containers II Limited, an exempted company with limited liability incorporated and existing under the laws of Bermuda, including its permitted successors and assigns. 

TMCLII Container Transfer Agreement: The Container Transfer Agreement, dated as of August 5, 2013, between the Issuer and TMCLII,
as such agreement may be amended, modified or supplemented from time to time in accordance with its terms. 

  
 - 31 - 

 Transfer Date: This term shall be as defined in the Contribution and Sale Agreement or
applicable Container Transfer Agreement, as the context may require. 
 Transferred Assets: The “Transferred Assets” (as
defined in the Contribution and Sale Agreement or Container Transfer Agreement, as applicable) transferred by the Issuer’s counterparty to the Issuer thereunder. 

Trust Account: The account or accounts established by the Indenture Trustee, in the name of the Indenture Trustee, for the benefit of
the Noteholders and each Interest Rate Hedge Provider, pursuant to Section 302 hereof. 
 Trust Early Amortization Event: The
occurrence of any of the events or conditions set forth in Section 1201 hereof. 
 Trust Event of Default: The occurrence of any
of the events or conditions set forth in Section 801 hereof. 
 Trust Manager Default: The term shall have the meaning as set
forth in the Management Agreement. 
 TUS: This term shall have the meaning set forth in the Management Agreement. 

TUS Sublease: This term shall have the meaning set forth in the Management Agreement. 

TUS Sublease Spread: This term shall have the meaning set forth in the Management Agreement. 

TUS Subleased Container: Each Managed Container that is subject to both (i) a Head Lease Agreement with TUS as lessee and
(ii) a TUS Sublease. 
 TUS Sublessee: This term shall have the meaning set forth in the Management Agreement. 

U.S. Military. The Military Surface Deployment and Distribution Command or its permitted successor in interest or assign. 

UCC: The Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York; provided, however,
in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of Indenture Trustee’s security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection of priority and for
purposes of definitions related to such provisions. 

  
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 Unpaid Principal Balance: As of any date of determination for each Series of Notes then
Outstanding, an amount equal to the then unpaid principal balance of all Notes of such Series then Outstanding. 
 Unrestricted
Book-Entry Notes: The permanent book-entry notes in fully registered form without coupons that are exchangeable for Regulation S Temporary Book-Entry Notes after the expiration of the 40-day distribution compliance period and which will be
registered with the Depositary. 
 U.S. Lease Contract: The Container Management Streamlining Contract (Contract No.
DAMTO1-03-D-0173) effective as of June 24, 2003, between TEML (US) and The Surface Deployment and Distribution Command (f/k/a The Military Traffic Management Command), as such agreement may be further amended, supplemented or modified from time
to time in accordance with its terms. 
 Warehouse Note: Any Series of Notes that has a revolving period during which periodic
payments of principal are not scheduled to be paid. 
 Warranty Purchase Amount: As defined in the Contribution and Sale Agreement or
the “Reconveyance Price” in the applicable Container Transfer Agreement, as context may require. 
 Weighted Average Age:
For any group of Managed Containers as of any date of determination, an amount equal to the quotient of (i) the sum of the products for such Managed Containers, of (A) the age in years (determined from the date of manufacture thereof by
the manufacturer) of each such Managed Container multiplied by (B) the Net Book Value of each such Managed Container, divided by (ii) the sum of the Net Book Values of all such Managed Containers. 

Section 102. Other Definitional Provisions. 

(a) With respect to any Series, all terms used herein and not otherwise defined herein shall have meanings ascribed to them in the related
Supplement. 
 (b) All terms defined in this Indenture shall have the defined meanings when used in any agreement, certificate or other
document made or delivered pursuant hereto, including any Supplement, unless otherwise defined therein. 
 (c) As used in this Indenture and
in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in this Indenture or in any such certificate or other document, and accounting terms partly defined in this Indenture or in any such
certificate or other document to the extent not defined, shall have the respective meanings given to them under GAAP, consistently applied. To the extent that the definitions of accounting terms in this Indenture or in any such certificate or other
document are inconsistent with the meanings of such terms under GAAP or regulatory accounting principles, the definitions contained in this Indenture or in any such certificate or other document shall control. 

  
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 (d) With respect to any Collection Period, the “related Record Date,” the “related
Determination Date,” and the “related Payment Date,” shall mean the Record Date occurring on the last Business Day of such Collection Period and the Determination Date and Payment Date occurring in the month immediately following the
end of such Collection Period. 
 (e) With respect to any Series of Notes, the “related Supplement” shall mean the Supplement
pursuant to which such Series of Notes is issued. 
 (f) References to the Manager’s financial statements shall mean the financial
statements of the Manager and its consolidated Subsidiaries. 
 (g) With respect to any ratio analysis required to be performed as of the
most recently completed fiscal quarter, the most recently completed fiscal quarter shall mean the fiscal quarter for which financial statements were required hereunder to have been delivered. 

(h) With respect to the calculation of any financial ratio set forth in this Indenture or any other Related Document, the components of such
calculations are to be determined in accordance with GAAP, consistently applied, with respect to the Issuer or the Manager, as the case may be. 

Section 103. Computation of Time Periods. 

Unless otherwise stated in this Indenture or any Supplement issued pursuant to the terms hereof, in the computation of a period of time from a
specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to but excluding.” 

Section 104. Statutory References. 

References in this Indenture and any other Related Document to any section of the UCC shall mean, on or after the effective date of adoption
of any revision to the UCC in the applicable jurisdiction, such revised or successor section thereto. 
 Section 105. Duties of the
Manager Transfer Facilitator. 
 All of the duties and responsibilities of the Manager Transfer Facilitator set forth in this Indenture,
any Supplement or any other Related Document issued pursuant hereto are subject in all respects to the terms and conditions of the Manager Transfer Facilitator Agreement. Each of the Issuer, the Indenture Trustee and, by acceptance of its Notes,
each Noteholder hereby acknowledges the terms of the Manager Transfer Facilitator Agreement and agrees to cooperate with the Manager Transfer Facilitator in its execution of its duties and responsibilities. 

  
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 ARTICLE II 

THE NOTES 
 Section 201.
Authorization of Notes. 
 (a) The number of Series or Classes of Notes which may be created by this Indenture is not limited;
provided, however, that, the issuance of any Series of Notes shall not result in, or with the giving of notice or the passage of time or both would result in, the occurrence of an Early Amortization Event for any Series of Notes
Outstanding at the time of such issuance. The aggregate principal amount of Notes of each Series which may be issued, authenticated and delivered under this Indenture is not limited except as shall be set forth in any Supplement and as restricted by
the provisions of this Indenture. 
 (b) The Notes issuable under this Indenture shall be issued in such Series, and such Class or Classes
within a Series, as may from time to time be created by a Supplement pursuant to this Indenture. Each Series shall be created by a different Supplement and shall be designated to differentiate the Notes of such Series from the Notes of any other
Series. 
 (c) Upon satisfaction of and compliance with the requirements and conditions to closing set forth in the related Supplement,
Notes of the Series to be executed and delivered on a particular Series Issuance Date pursuant to such related Supplement, may be executed by the Issuer and delivered to the Indenture Trustee for authentication following the execution and delivery
of the related Supplement creating such Series or from time to time thereafter, and the Indenture Trustee shall authenticate and deliver Notes upon an Issuer request set forth in an Officer’s Certificate of the Issuer signed by one of its
Authorized Signatories, without further action on the part of the Issuer. 
 Section 202. Form of Notes; Book-Entry Notes. 

(a) Notes of any Series or Class may be issued, authenticated and delivered, at the option of the Issuer, as Regulation S Book-Entry Notes,
Rule 144A Book-Entry Notes, or as Definitive Notes or as may otherwise be set forth in a Supplement and shall be substantially in the form of the exhibits attached to the related Supplement. Notes of each Series shall be dated the date of their
authentication and shall bear interest at such rate, be payable as to principal, premium, if any, and interest on such date or dates, and shall contain such other terms and provisions as shall be established in the related Supplement. Except as
otherwise provided in any Supplement, the Notes shall be issued in minimum denominations of $100,000 and in integral multiples of $1,000 in excess thereof; provided that one Note of each Class may be issued in a nonstandard denomination. 

(b) If the Issuer shall choose to issue Regulation S Book-Entry Notes or Rule 144A Book-Entry Notes, such notes shall be issued in the
form of one or more Regulation S Book-Entry Notes or one or more Rule 144A Book-Entry Notes which (i) shall represent, and shall be denominated in an aggregate amount equal to, the aggregate principal amount of all Notes to be issued hereunder,
(ii) shall be delivered as one or more Notes held by the Book-Entry Custodian, or, if appointed to hold such Notes as provided below, the Notes shall be registered in 

  
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the name of the Depositary or its nominee, (iii) shall be substantially in the form of the exhibits attached to the related Supplement, with such changes therein as may be necessary to
reflect that each such Note is a Book-Entry Note, and (iv) shall each bear a legend substantially to the effect included in the form of the exhibits attached to the related Supplement. 

(c) Notwithstanding any other provisions of this Section 202 or of Section 205, unless and until a Book-Entry Note is exchanged in
whole for Definitive Notes, a Book-Entry Note may be transferred, in whole, but not in part, and in the manner provided in this Section 202, only by (i) the Depositary to a nominee of such Depositary, or (ii) by a nominee of such
Depositary to such Depositary or another nominee of such Depositary or (iii) by such Depositary or any such nominee to a successor Depositary selected or approved by the Issuer or to a nominee of such successor Depositary or in the manner
specified in Section 202(d). The Depositary shall order the Note Registrar to authenticate and deliver any Book-Entry Notes and any Book-Entry Note for each Class of Notes having an aggregate initial outstanding principal balance equal to the
initial outstanding balance of such Class. Noteholders shall hold their respective Ownership Interests in and to such Notes through the book-entry facilities of the Depositary. Without limiting the foregoing, any Book-Entry Noteholders shall hold
their respective Ownership Interests, if any, in Book-Entry Notes only through Depositary Participants. 
 (d) If (i) the Issuer elects
to issue Definitive Notes, (ii) the Depositary for the Notes represented by one or more Book-Entry Notes at any time notifies the Issuer that it is unwilling or unable to continue as Depositary of the Notes or if at any time the Depositary
shall no longer be a clearing agency registered under the Exchange Act and any other applicable statute or regulation, and a successor Depositary is not appointed or approved by the Issuer within 90 days after the Issuer receives such notice or
becomes aware of such condition, as the case may be, (iii) the Indenture Trustee, at the written direction of the Noteholders representing more than 50% of the outstanding principal balance of the Notes, elects to terminate the book-entry system through the Depositary or (iv) after an Event of Default for any Series or a Manager Default for any Series, Noteholders of such Series notify the Depositary, or Book-Entry Custodian, as the
case may be, in writing that the continuation of a book-entry system through the Depositary, or the Book-Entry Custodian, as the case may be, is no longer in such Noteholders’ best interest, upon the request of such Noteholders, the Issuer will
promptly execute, and the Indenture Trustee, upon receipt of an Officer’s Certificate evidencing such determination by the Issuer, will promptly authenticate and make available for delivery, Definitive Notes for such Series, in authorized
denominations and in an aggregate principal amount equal to the principal amount of the Book-Entry Note then outstanding for such Series in exchange for such Book-Entry Note or as an original issuance of Notes and this Section 202(d) shall no
longer be applicable to the Notes of such Series. Upon the exchange of such Book-Entry Notes for such Definitive Notes without coupons, in authorized denominations, such Book-Entry Notes shall be canceled by the Indenture Trustee. All Definitive
Notes shall be issued without coupons. Such Definitive Notes issued in exchange of the Book-Entry Notes pursuant to this Section 202(d) shall be registered in such names and in such authorized denominations as the Depositary, in the case of an
exchange, or the Note Registrar, in the case of an original issuance, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Indenture Trustee. The Indenture Trustee may conclusively rely on any such
instructions furnished by the Depositary or the Note Registrar, as the case may be, and shall not be liable for any delay in delivery of such instructions. The Indenture Trustee shall make such Notes available for delivery to the Persons in whose
names such Notes are so registered. 

  
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 (e) As long as the Notes outstanding are represented by one or more Book-Entry Notes: 
 (i) the Note Registrar and the Indenture Trustee may deal with the
Depositary for all purposes (including the payment of principal of and interest on the Notes) as the authorized representative of the Noteholders; 

(ii) the rights of Noteholders shall be exercised only through the Depositary and shall be limited to those established by law
and agreements between such Noteholders and the Depositary and/or the Depositary Participants. Unless and until Definitive Notes are issued, the Depositary will make book-entry transfers among the Depositary Participants and receive and transmit
payments of principal of, and interest on, the Notes to such Depositary Participants; and 
 (iii) whenever this Indenture
requires or permits actions to be taken based upon instructions or directions of Holders of Notes evidencing a specified percentage of the voting rights of a particular series, the Depositary shall be deemed to represent such percentage only to the
extent that it has received instructions to such effect from Noteholders and/or Depositary Participants owning or representing, respectively, such required percentage of the beneficial interest in the Notes (or Class of Notes) and has delivered such
instruction to the Indenture Trustee. 
 (f) Whenever a notice or other communication to the Noteholders is required under this Indenture,
unless and until Definitive Notes have been issued to Noteholders, the Indenture Trustee shall give all such notices and communications to the Depositary. 

(g) The Indenture Trustee is hereby initially appointed as the Book-Entry Custodian and hereby agrees to act as such in accordance with the
agreement that it has with the Depositary authorizing it to act as such. The Book-Entry Custodian may, and, if it is no longer qualified to act as such, the Book-Entry Custodian shall, appoint, by written instrument delivered to the Issuer and the
Depositary, any other transfer agent (including the Depositary or any successor Depositary) to act as Book-Entry Custodian under such conditions as the predecessor Book-Entry Custodian and the Depositary or any successor Depositary may prescribe,
provided that the predecessor Book-Entry Custodian shall not be relieved of any of its duties or responsibilities by reason of any such appointment of other than the Depositary. If the Indenture Trustee resigns or is removed in accordance
with the terms hereof, the successor Indenture Trustee or, if it so elects, the Depositary shall immediately succeed to its predecessor’s duties as Book-Entry Custodian. The Issuer shall have the right to inspect, and to obtain copies of, any
Notes held as Book-Entry Notes by the Book-Entry Custodian. 
 (h) The provisions of Section 205(i) shall apply to all transfers of
Definitive Notes, if any, issued in respect of Ownership Interests in the Rule 144A Book-Entry Notes. 

  
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 (i) No transfer of any Note or interest therein shall be made unless that transfer is made
pursuant to an effective registration statement under the Securities Act, and effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. If a
transfer of any Definitive Note is to be made without registration under the Securities Act (other than in connection with the initial issuance thereof or a transfer thereof by the Depositary or one of its Affiliates), then the Note Registrar shall
refuse to register such transfer unless it receives (and upon receipt, may conclusively rely upon) either: (i) a certificate from such Noteholder substantially in the form attached as Exhibit C hereto or such other certification
reasonably acceptable to the Indenture Trustee and a certificate from such Noteholder’s prospective transferee substantially in the form attached as Exhibit C hereto or such other certification reasonably acceptable to the Indenture
Trustee; or (ii) an Opinion of Counsel satisfactory to the Indenture Trustee to the effect that such transfer may be made without registration under the Securities Act (which Opinion of Counsel shall not be an expense of the Issuer or any
Affiliate thereof or of the Depositary, the Manager or Affiliate thereof, the Indenture Trustee or the Note Registrar in their respective capacities as such), together with the written certification(s) as to the facts surrounding such transfer from
the Noteholder desiring to effect such transfer and/or such Noteholder’s prospective transferee on which such Opinion of Counsel is based. If such a transfer of any interest in a Book-Entry Note is to be made without registration under the
Securities Act, the transferor will be deemed to have made each of the representations and warranties set forth on Exhibit C hereto in respect of such interest as if it was evidenced by a Definitive Note and the transferee will be deemed to
have made each of the representations and warranties set forth in Exhibit C hereto in respect of such interest as if it was evidenced by a Definitive Note. None of the Depositary, the Issuer, the Indenture Trustee or the Note Registrar is
obligated to register or qualify any Class of Notes under the Securities Act or any other securities law or to take any action not otherwise required under this Indenture to permit the transfer of any Note or interest therein without registration or
qualification. Any Noteholder desiring to effect such a transfer shall, and does hereby agree to, indemnify the Depositary, the Issuer, the Indenture Trustee and the Note Registrar against any liability that may result if the transfer is not so
exempt or is not made in accordance with such federal and state laws. 
 Section 203. Execution, Recourse Obligation. 

The Notes shall be executed on behalf of the Issuer by an Authorized Signatory of the Issuer. The Notes shall be dated the date of their
authentication by the Indenture Trustee. 
 In case any Authorized Signatory of the Issuer whose signature shall appear on the Notes shall
cease to be an Authorized Signatory of the Issuer before the authentication by the Indenture Trustee and delivery of such Notes, such signature or facsimile signature shall nevertheless be valid and sufficient for all purposes. 

All Notes and the interest thereon shall be full recourse obligations of the Issuer and shall be secured by all of the Issuer’s right,
title and interest in the Collateral. The Notes shall never constitute obligations of the Indenture Trustee, the Manager, the Sellers or of any shareholder or any Affiliate of any Seller (other than the Issuer) or any member or shareholder of the
Issuer, or any officers, directors, employees or agents of any thereof, and no recourse may be had under or upon any obligation, covenant or agreement of this Indenture, any Supplement or of 

  
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any Notes, or for any claim based thereon or otherwise in respect thereof, against any incorporator or against any past, present, or future owner, partner of an owner or any officer, employee or
director thereof or of any successor entity, or any other Person, either directly or through the Issuer, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being
expressly agreed that this Indenture and the obligations issued hereunder are solely obligations of the Issuer, and that no such personal liability whatever shall attach to, or is or shall be incurred by, any other Person under or by reason of this
Indenture, any Supplement or any Notes or implied therefrom, or for any claim based thereon or in respect thereof, all such liability and any and all such claims being hereby expressly waived and released as a condition of, and as a consideration
for, the execution of this Indenture and the issue of such Notes. Except as provided in any Supplement, no Person other than the Issuer shall be liable for any obligation of the Issuer under this Indenture or any Note or any losses incurred by any
Noteholder. 
 Section 204. Certificate of Authentication. 

No Notes shall be secured hereby or entitled to the benefit hereof or shall be or become valid or obligatory for any purpose unless there
shall be endorsed thereon a certificate of authentication by the Indenture Trustee, substantially in the form set forth in the form of Note attached to the related Supplement. Such certificate on any Note issued by the Issuer shall be conclusive
evidence and the only competent evidence that it has been duly authenticated and delivered hereunder. 
 At the written direction of the
Issuer, the Indenture Trustee shall authenticate and deliver the Notes. It shall not be necessary that the same Authorized Signatory of the Indenture Trustee execute the certificate of authentication on each of the Notes. 

Section 205. Registration; Registration of Transfer and Exchange of Notes. 

(a) The Indenture Trustee shall keep at its Corporate Trust Office books for the registration and transfer of the Notes (the “Note
Register”). The Issuer hereby appoints the Indenture Trustee as its registrar (the “Note Registrar”) and transfer agent to keep such books and make such registrations and transfers as are hereinafter set forth in this
Section 205 and also authorizes and directs the Indenture Trustee to provide a copy of such registration record to the Manager upon its request. The names and addresses of the Holders of all Notes and all transfers of, and the names and
addresses of the transferee of, all Notes will be registered in such Note Register. The Person in whose name any Note is registered shall be deemed and treated as the owner and Holder thereof for all purposes of this Indenture, and the Indenture
Trustee and the Issuer shall not be affected by any notice or knowledge to the contrary. If a Person other than the Indenture Trustee is appointed by the Issuer to maintain the Note Register, the Issuer will give the Indenture Trustee and each
Administrative Agent prompt written notice of such appointment and of the location, and any change in the location, of the successor note registrar. Notwithstanding the foregoing, so long as Wells Fargo Bank, National Association is acting as the
Indenture Trustee, it shall also act as the Note Registrar. 
 (b) Payments of principal, premium, if any, and interest on any Note shall be
payable on each Payment Date only to the registered Holder thereof on the Record Date 

  
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immediately preceding such Payment Date. The principal of, premium, if any, and interest on each Note shall be payable at the Corporate Trust Office in immediately available funds in such coin or
currency of the United States of America as at the time for payment shall be legal tender for the payment of public and private debts. Except as set forth in any Supplement, all interest payable on the Notes shall be computed on the basis of a
360-day year for the actual number of days which have elapsed in the relevant calculation period. Notwithstanding the foregoing or any provision in any Note to the contrary, if so requested by the registered Holder of any Note by written notice to
the Indenture Trustee, all amounts payable to such registered Holder may be paid either (i) by crediting the amount to be distributed to such registered Holder to an account maintained by such registered Holder with the Indenture Trustee or by
transferring such amount by wire to such other bank in the United States, including a Federal Reserve Bank, as shall have been specified in such notice, for credit to the account of such registered Holder maintained at such bank, or (ii) by
mailing a check to such address as such Holder shall have specified in such notice, in either case without any presentment or surrender of such Note to the Indenture Trustee at the Corporate Trust Office. 

(c) All payments on the Notes shall be paid to the Noteholders reflected in the Note Register as of the related Record Date by wire transfer
of immediately available funds for receipt prior to 2:00 p.m. (New York City time) on the related Payment Date. Any payments received by the Noteholders after 2:00 p.m. (New York City time) on any day shall be considered to have been received on the
next succeeding Business Day; provided, however, that if the Issuer has deposited the required funds with the Indenture Trustee by 1:00 p.m. (New York City time), on such date, then the Issuer, upon receipt by the Noteholders of such
payment, shall be deemed to have made such payment at the time so required. Notwithstanding the foregoing or any provision in any Note to the contrary, if so requested by the registered Noteholder by written notice to the Indenture Trustee, all
amounts payable to such registered Noteholder may be paid by mailing on the related Payment Date a check to such address as such Noteholder shall have specified in such notice, in either case without any presentment or surrender of such Note to the
Indenture Trustee at the Corporate Trust Office. 
 (d) Upon surrender for registration of transfer of any Note at the Corporate Trust
Office, the Issuer shall execute and the Indenture Trustee, upon written request, shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of the same class, of any authorized denominations and
of a like aggregate original principal amount. 
 (e) All Notes issued upon any registration of transfer or exchange of Notes shall be the
legal, valid and binding obligations of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture and any Supplement, as the Notes surrendered upon such registration of transfer or exchange. 

(f) Every Note presented or surrendered for registration of transfer or for exchange shall (if so required by the Issuer or the Indenture
Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Issuer and the Indenture Trustee duly executed, by the Holder thereof or his attorney duly authorized in writing. 

  
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 (g) Any service charge, fees or expenses made or expense incurred by the Indenture Trustee for
any such registration, discharge from registration or exchange referred to in this Section 205 shall be paid by the Noteholder. The Indenture Trustee or the Issuer may require payment by the Holder of a sum sufficient to cover any tax expense
or other governmental charge payable in connection therewith. 
 (h) If Notes are issued or exchanged in definitive form under
Section 202, such Notes will not be registered by the Indenture Trustee unless each prospective initial Noteholder acquiring a Note, each prospective transferee acquiring a Note and each prospective owner (or transferee thereof) of a beneficial
interest in Notes (each, a “Prospective Owner”) acquiring such beneficial interest provides the Manager, the Issuer, the Indenture Trustee and any successor Manager with a written representation that the statement in either
subsection (1) or (2) of Section 208 is an accurate representation as to all sources of funds to be used to pay the purchase price of the Notes. 

(i) No transfer of a Note shall be deemed effective unless (x) the transference of such Note is not to a Competitor and (y) the
registration and prospectus delivery requirements of Section 5 of the Securities Act and any applicable state securities laws are complied with, or such transfer is exempt from the registration and prospectus delivery requirements under said
Securities Act and laws. In the event that a transfer is to be made without registration or qualification, such Noteholder’s prospective transferee shall deliver to the Indenture Trustee an investment letter substantially in the form of
Exhibit C hereto (the “Purchaser Letter”) or such other form as set forth in a Supplement to this Indenture. Neither the Indenture Trustee nor the Issuer is under any obligation to register the Notes under the Securities Act
or any other securities law or to bear any expense with respect to such registration by any other Person or monitor compliance of any transfer with the securities laws of the United States regulations promulgated in connection thereto or ERISA. 

Section 206. Mutilated, Destroyed, Lost and Stolen Notes. 

(a) If (i) any mutilated Note is surrendered to the Indenture Trustee, or the Indenture Trustee receives evidence to its satisfaction of
the destruction, loss or theft of any Note, and (ii) there is delivered to the Indenture Trustee such security or indemnity as it and the Issuer may require to hold the Issuer, the Manager and the Indenture Trustee harmless (the unsecured
indemnity of a Rated Institutional Noteholder being deemed satisfactory for such purpose), then the Issuer shall execute and the Indenture Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Note, a replacement Note of the same Series and Class and maturity and of like terms as the mutilated, destroyed, lost or stolen Note; provided, however, that if any such destroyed, lost or stolen Note, but not a mutilated Note,
shall have become, or within seven days shall be due and payable, the Issuer may pay such destroyed, lost or stolen Note when so due or payable instead of issuing a replacement Note. 

(b) If, after the delivery of such replacement Note, or payment of a destroyed, lost or stolen Note pursuant to the proviso to the preceding
sentence, a bona fide purchaser of the original Note in lieu of which such replacement Note was issued presents for payment such original Note, the Issuer and the Indenture Trustee shall be entitled to recover upon the security or indemnity provided
therefor to the extent of any and all loss, damage, cost or expense incurred by the Issuer or the Indenture Trustee in connection therewith. 

  
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 (c) The Indenture Trustee and the Issuer may, for each new Note authenticated and delivered under
the provisions of this Section 206, require the advance payment by the Noteholder of the expenses, including counsel fees, service charges and any tax or governmental charge which may be incurred by the Indenture Trustee or the Issuer. Any Note
issued under the provisions of this Section 206 in lieu of any Note alleged to be destroyed, mutilated, lost or stolen, shall be equally and proportionately entitled to the benefits of this Indenture with all other Notes of the same Series and
Class. The provisions of this Section 206 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 207. Delivery, Retention and Cancellation of Notes. 

Each Noteholder is required, and hereby agrees, to return to the Indenture Trustee on or prior to the Legal Final Payment Date (or, if
earlier, the date on which the Unpaid Principal Balance of, and accrued interest and other amounts related to, the applicable Series of Notes shall have been paid in full (for example, pursuant to a refinancing of the Notes of the applicable Series
or pursuant to the exercise of remedies under Article VIII hereof)), any Note on which the final payment due thereon has been made for the related Series of Notes. Any such Note as to which the Indenture Trustee has made or holds the final payment
thereon shall be deemed canceled and shall no longer be Outstanding for any purpose of this Indenture, whether or not such Note is ever returned to the Indenture Trustee. Matured Notes delivered upon final payment to the Indenture Trustee and any
Notes transferred or exchanged for other Notes shall be canceled and disposed of by the Indenture Trustee in accordance with its policy of disposal and the Indenture Trustee shall promptly deliver to the Issuer such canceled Notes upon reasonable
prior written request. If the Indenture Trustee shall acquire, for its own account, any of the Notes, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Notes. If the Issuer shall acquire any
of the Notes, such acquisition shall operate as a redemption or satisfaction of the indebtedness represented by such Notes. Notes which have been canceled by the Indenture Trustee shall be deemed paid and discharged for all purposes under this
Indenture. 
 Section 208. ERISA Deemed Representations. 

Unless otherwise specified in any applicable Supplement, each prospective initial Noteholder acquiring Notes and each Prospective Owner will
be deemed to have represented by such purchase to the Issuer, the Indenture Trustee, the Manager and any successor Manager that either (1) it is not acquiring the Notes with the assets of a Plan; or (2) the acquisition and holding of the
Notes will not give rise to a nonexempt prohibited transaction under Section 406(a) of ERISA or Section 4975 of the Code. 

  
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 ARTICLE III 

PAYMENT OF NOTES; STATEMENTS TO NOTEHOLDERS 

Section 301. Principal and Interest. 

Distributions of principal, premium, if any, and interest on any Series or Class of Notes shall be made to Noteholders of each Series and
Class as set forth in Section 302 of this Indenture and the related Supplement. The maximum Overdue Rate for any Note under any Series shall be equal to the sum of (i) two percent (2.00%) per annum, plus (ii) the interest rate
for such Note prior to the occurrence of the relevant Event of Default for such Series. Except as set forth in any Supplement, all interest and fees payable on, or with respect to, the Notes shall be computed on the basis of a 360-day year for the
actual number of days which have elapsed in the relevant calculation period. 
 Section 302. Trust Account. 

(a) On or prior to the date hereof, the Indenture Trustee shall establish and maintain the Trust Account into which all of the following
amounts shall be deposited: (i) Collections (subject to any deductions permitted pursuant to Section 5.1(b) of the Management Agreement), (ii) Warranty Purchase Amounts, (iii) any cash Capital Contribution (except to the extent
deposited into a Restricted Cash Account) to the Issuer and (iv) other payments required by this Indenture and other Related Documents to be deposited therein. Such Trust Account shall initially be established and maintained with the Corporate
Trust Office in trust for the Indenture Trustee, on behalf of the Noteholders and each Interest Rate Hedge Provider, and shall be maintained until the Aggregate Outstanding Obligations are paid in full. The Trust Account shall at all times be an
Eligible Account and shall be pledged to the Indenture Trustee pursuant to the terms of this Indenture. The Issuer shall not establish any additional Trust Accounts without prior written notice to the Indenture Trustee and without the prior written
consent of the Requisite Global Majority. 
 (b) The Issuer shall cause the Manager to deposit funds into the Trust Account at the times and
in the amounts required pursuant to the terms of the Management Agreement. So long as no Trust Event of Default or Trust Manager Default shall have occurred and then be continuing, the Manager shall be permitted to request the Indenture Trustee to
withdraw from amounts on deposit in the Trust Account, or otherwise net out, from amounts otherwise required to be deposited into the Trust Account pursuant to Section 302(a) the amount of any Management Fees or Management Fee Arrearage that
would otherwise be due and payable on the immediately succeeding Payment Date. 
 (c) On or prior to each Determination Date, the Issuer
shall cause the Manager, pursuant to Section 7.3 of the Management Agreement, to prepare and deliver to the Issuer, the Indenture Trustee and each Administrative Agent, the Manager Report. Subject to Section 302(d), on each Payment Date,
the Indenture Trustee, based on the Manager Report (or in the absence of any Manager Report, in accordance with written instructions from the Requisite Global Majority), upon which Manager Report the Indenture Trustee shall be entitled to
conclusively rely, shall distribute from the Trust Account to the Series Account for each Series 

  
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of Notes then Outstanding (other than a Liquidation Deficiency Series), an amount equal to the product of (i) the Available Distribution Amount and (ii) the Collection Allocation
Percentage for such Series on such Determination Date, for further distribution in accordance with the priority of payments set forth in the related Supplement. 

(d) The Sales Proceeds resulting from a partial sale of Collateral made in accordance with the provisions of Section 804(b) of this
Indenture shall be deposited directly into the Series Account for each Liquidating Series and such Sales Proceeds shall not be subject to the allocation procedures set forth in Section 302(c). 

(e) If any Series has more than one Class of Notes then Outstanding, then the allocation of the Available Distribution Amount performed in
accordance with Section 302(c) shall be calculated without regard to the payment priorities of the Classes of Notes within such Series. Once the Available Distribution Amount has been allocated to each Series, then that portion of the Available
Distribution Amount allocable to such Series shall be paid to each Class of Noteholders of such Series in accordance with the priority of payments set forth in the related Supplement. 

(f) The Issuer shall have the right, but not the obligation, at any time to make (or to direct the Indenture Trustee in writing to make)
principal payments on any Series of Notes and payments of other Outstanding Obligations from some or all of (i) amounts that are payable or have been paid to the Issuer pursuant to this Section 302, (ii) amounts that the Issuer
receives from advances or draws under any Series of Warehouse Notes, (iii) proceeds of the issuance of any Series of Notes, (iv) cash and Eligible Investments on deposit in the Excess Funding Account and (v) other funds held by the
Issuer. Without limiting the foregoing, at the written direction of the Issuer, amounts and proceeds contemplated by the preceding sentence may be included in distributions in respect of principal payments on the Notes of one or more Series and
payments of other Outstanding Obligations pursuant to Section 302(c). 
 Section 303. Investment of Monies Held in the Trust
Account, the Excess Funding Account, each Restricted Cash Account and each Series Accounts. 
 (a) Subject to the provisions of
Section 703 hereof, the Indenture Trustee shall invest any cash deposited in the Trust Account, the Excess Funding Account, each Restricted Cash Account and each Series Account in such Eligible Investments as the Issuer or its designee (or its
authorized agent) shall direct in writing or by telephone, subsequently confirmed in writing. Each Eligible Investment (including reinvestment of the income and proceeds of Eligible Investments) shall be held to its maturity and shall mature or
shall be payable on demand not later than the Determination Date immediately preceding the next succeeding Payment Date. If the Indenture Trustee has not received written instructions from the Issuer or its designee by 2:30 p.m. (New York time) on
the day such funds are received as to the investment of funds then on deposit in any of the aforementioned accounts, the Issuer hereby instructs the Indenture Trustee to invest such funds in overnight investments in Wells Fargo Bank, National
Association of the type described in clause (iv) of the definition of Eligible Investments. Any funds in the Trust Account, the Excess Funding Account, each Restricted Cash Account and each Series Account not so invested must be insured by the
Federal Deposit Insurance Corporation. Eligible Investments shall be made in the name of the Indenture Trustee 

  
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for the benefit of the Noteholders and each Interest Rate Hedge Provider. Any earnings on Eligible Investments in the Trust Account, the Excess Funding Account, each Restricted Cash Account and
each Series Account shall be retained in each such account and be distributed in accordance with the terms of this Indenture or any related Supplement. The Indenture Trustee shall not be liable or responsible for losses on any investments made by it
pursuant to this Section 303. 
 (b) On or prior to the date hereof, each of the Issuer and the Securities Intermediary shall enter
into Control Agreements each in the form of Exhibit F hereto for each of the Trust Account, the Excess Funding Account, each Restricted Cash Account and any Series Accounts. At all times on and after the date hereof, each such account shall
be the subject of a Control Agreement. 
 (c) The Indenture Trustee, acting in accordance with the terms of this Indenture, shall be
entitled to deliver an Entitlement Order to the Securities Intermediary at which such accounts are maintained at any time; provided, however, that the Indenture Trustee agrees not to invoke its right to provide an Entitlement Order
unless a Trust Event of Default has occurred and is continuing. The Control Agreements shall provide that upon receipt of the Entitlement Order in accordance with the provisions of this Indenture, the Indenture Trustee shall comply with such
Entitlement Order without further consent by the Issuer or any other Person. 
 (d) Each of the Trust Account, the Excess Funding Account,
each Restricted Cash Account and the Series Accounts shall be initially established with the Indenture Trustee and, so long as any Outstanding Obligations remain unpaid, shall be maintained with the Indenture Trustee so long as (A) the
short-term unsecured debt obligations of the financial institution fulfilling the role of the Indenture Trustee are rated not less than the Required Deposit Rating or (B) each of the Trust Account, the Excess Funding Account, each Restricted
Cash Account and the Series Accounts are maintained at the Corporate Trust Office. If any of the Trust Account, the Excess Funding Account, each Restricted Cash Account or the Series Accounts are not maintained at the Corporate Trust Office or if
the short-term unsecured debt obligations of the Indenture Trustee fall below the Required Deposit Rating, then the Issuer shall within ten (10) days after obtaining knowledge of such condition, with the Indenture Trustee’s assistance as
necessary, cause each of the Trust Account, the Excess Funding Account, each Restricted Cash Account and the Series Accounts to be transferred to either (A) an Eligible Institution which then maintains the Required Deposit Rating or
(B) the Corporate Trust Office of the successor Indenture Trustee. Prior to any of the Trust Account, the Excess Funding Account, each Restricted Cash Account or any Series Accounts being maintained with a Person other than the Indenture
Trustee, the Issuer shall obtain the prior written consent of the Requisite Global Majority and shall cause a new Control Agreement to be entered into with such Person as securities intermediary. 

(e) Each of the Trust Account, the Excess Funding Account, each Restricted Cash Account and the Series Accounts shall be maintained in the
State of New York and shall be governed by the laws of the State of New York, regardless of any provision in any other agreement. Each Control Agreement shall provide for purposes of the UCC that New York shall be deemed to be the Securities
Intermediary’s jurisdiction and each of the Trust Account, the Excess Funding Account, each Restricted Cash Account and each Series Account (as well as the Securities Entitlements related thereto) shall be governed by the laws of the State of
New York. 

  
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 (f) The Indenture Trustee, in its capacity as the Securities Intermediary, has not entered into,
and until the termination of this Indenture will not enter into, any agreement with any other Person relating to any of the Trust Account, the Excess Funding Account, each Restricted Cash Account, any Series Account or any Financial Assets credited
thereto pursuant to which it has agreed to comply with Entitlement Orders of such other Person and the Securities Intermediary has not entered into, and until the termination of this Agreement will not enter into, any agreement with the Issuer, any
Seller, the Manager or the Indenture Trustee purporting to limit or condition the obligation of the Securities Intermediary to comply with Entitlement Orders as set forth in Section 303(c) hereof. 

(g) Except for the claims and interest of the Indenture Trustee and of the Issuer hereunder in each of the Trust Account, the Excess Funding
Account, each Restricted Cash Account and each Series Account, to the best of its knowledge without independent investigation, the Indenture Trustee, in its capacity as the initial Securities Intermediary, knows of no claim to, or interest in, any
of the Trust Account, the Excess Funding Account, each Restricted Cash Account, any Series Account or in any Financial Asset credited thereto. If any other Person asserts any Lien, encumbrance or adverse claim (including any writ, garnishment,
judgment, warrant of attachment, execution or similar process) against any of the Trust Account, the Excess Funding Account, each Restricted Cash Account, any Series Account or in any Financial Asset credited thereto, the Securities Intermediary
will promptly notify the Indenture Trustee, the Manager, each Administrative Agent each Interest Rate Hedge Provider and the Issuer thereof. 

(h) The Indenture Trustee shall possess a perfected security interest in all right, title and interest in and to all funds on deposit from
time to time in each of the Trust Account, the Excess Funding Account, each Restricted Cash Account, each Series Account and in all Proceeds thereof. Each of the Trust Account, the Excess Funding Account, each Restricted Cash Account and each Series
Account shall be in the name of and under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders and each Interest Rate Hedge Provider. The Indenture Trustee shall make withdrawals and payments from each of the
Trust Account, the Excess Funding Account, each Restricted Cash Account and each Series Account and apply such amounts in accordance with the provisions of this Indenture and the related Manager Report. 

(i) The Issuer shall not direct the Indenture Trustee to make any investment of any funds or to sell any investment held in any of the Trust
Account, the Excess Funding Account, each Restricted Cash Account and any Series Account unless the security interest of the Indenture Trustee in such account and any funds or investments held therein shall continue to be perfected without any
further action by any Person. 
 (j) The Financial Assets and other items deposited to the accounts will not be subject to deduction,
set-off, banker’s lien, or any other right in favor of any Person except as created pursuant to this Indenture. For the avoidance of doubt, the fees and expenses of the Indenture Trustee shall be payable solely pursuant to Section 302 or
Section 806 of this Indenture and in accordance with the priority of payments set forth in any applicable Supplement and shall not be subject to deduction, set-off, bankers lien or other right of the Indenture Trustee. 

  
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 Section 304. Copies of Reports to Noteholders and each Interest Rate Hedge Provider.

 (a) Upon request, the Indenture Trustee shall promptly furnish to each Noteholder, each Administrative Agent and each Interest Rate Hedge
Provider a copy of the reports, financial statements and notices referred to in Section 304(b) received by the Indenture Trustee pursuant to the Contribution and Sale Agreement, this Indenture, the Management Agreement or any other Related
Document. 
 (b) The Indenture Trustee will make available promptly upon receipt thereof to the Noteholders via the Indenture Trustee’s
internet website at www.CTSLink.com the financial statements referred to in Section 7.2 of the Management Agreement, the Equipment and Lease Report, the Manager Report, the Asset Base Report and the annual insurance confirmation;
provided, that, as a condition to access to the Indenture Trustee’s website, the Indenture Trustee shall require each such Noteholder to execute the Indenture Trustee’s standard form documentation, and upon such execution, each such
Noteholder shall be deemed to have certified to the Indenture Trustee it (i) is a Noteholder, (ii) understands that such items contain material nonpublic information (within the meaning of U.S. Federal Securities laws), (iii) is
requesting the information solely for use in evaluating such party’s investment in the Notes and will keep such information strictly confidential (with such exceptions and restrictions to distribution of the information as are more fully set
forth in the information request certification) and (iv) is not a Competitor. Each time a Noteholder accesses the internet website, it will be deemed to have confirmed the representations and warranties made pursuant to the confirmation as of
the date of such access. The Indenture Trustee will provide the Issuer with copies of such information request certification. Assistance in using the Indenture Trustee’s website can be obtained by calling the Indenture Trustee’s customer
service desk at (866) 846-4526. 
 Section 305. Records. 

The Indenture Trustee shall cause to be kept and maintained adequate records pertaining to the Trust Account, the Excess Funding Account, each
Restricted Cash Account and each Series Account and all receipts and disbursements therefrom. The Indenture Trustee shall deliver at least monthly an accounting thereof in the form of a trust statement to the Issuer, each member of the Issuer, the
Manager, each Administrative Agent and each Interest Rate Hedge Provider. 
 Section 306. Excess Funding Account. (a) The
Issuer shall establish on or prior to the date hereof, and shall thereafter maintain so long as any Outstanding Obligations remain unpaid, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the
Excess Funding Account, which account shall be held by the Indenture Trustee for the benefit of the Noteholders of all Series of Notes pursuant to the terms of this Indenture and the related Supplements. Any and all monies on deposit in the Excess
Funding Account shall be invested in Eligible Investments in accordance with this Indenture and shall be distributed in accordance with this Section 306. 

  
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 (b) On each Payment Date, the Indenture Trustee shall, in accordance with the Manager Report (or,
subject to Section 306(d), in the absence of any Manager Report, in accordance with written instructions from the Requisite Global Majority), deposit into the Excess Funding Account, all amounts designated for deposit therein in accordance with
the terms of the Supplement for any Series of Notes then Outstanding. In addition, the Indenture Trustee shall, in accordance with the Manager Report (or, in the absence of any Manager Report, in accordance with written instructions from the
Requisite Global Majority), deposit into the Excess Funding Account additional funds received from the Issuer from time to time. 
 (c) On
each Payment Date on which no Trust Event of Default or Asset Base Deficiency has occurred and is continuing, the Indenture Trustee shall, in accordance with the Manager Report (or, subject to Section 306(d), in the absence of any Manager
Report, in accordance with written instructions from the Requisite Global Majority), withdraw funds from the Excess Funding Account and deposit such funds into the Trust Account, which funds will be included in the calculation of the Available
Distribution Amount for such Payment Date. 
 (d) While no Trust Event of Default or Asset Base Deficiency is continuing, the Issuer may
direct the disposition of funds in the Excess Funding Account without consent of the Indenture Trustee, any Noteholder or any other Person. 

Section 307. CUSIP Numbers. 

The Issuer in issuing the Notes may use “CUSIP” numbers (if then generally in use), and, if so, the Indenture Trustee shall use
“CUSIP” numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any
notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Issuer will promptly notify the
Indenture Trustee of any change in the “CUSIP” numbers. 
 Section 308. No Claim. 

The Indenture Trustee hereby agrees, and by accepting the benefits of this Indenture, each of the Sellers and Manager shall be deemed to have
agreed, that amounts payable to it pursuant to the terms of the Related Documents shall be non-recourse to the Issuer and shall not constitute a claim against the Issuer or the Collateral in the event such amounts are not paid in accordance with
Section 302 or 806 of this Indenture. 
 Section 309. Compliance with Withholding Requirements. 

Notwithstanding any other provision of this Indenture, the Indenture Trustee shall comply with all United States federal income tax
withholding requirements with respect to payments to Noteholders of interest, original issue discount, or other amounts that the Indenture Trustee reasonably believes are applicable under the Code. The consent of Noteholders shall not be required
for any such withholding. 

  
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 Section 310. Tax Treatment of Notes. 

The Issuer has entered into this Indenture, and the Notes will be issued, with the intention that, for United States federal, state and local
income, single business and franchise tax purposes, the Notes will qualify as indebtedness. The Issuer and the Indenture Trustee, by entering into this Indenture, and each Noteholder and beneficial owner of a Note, by its acceptance of its Note or
of a beneficial interest therein, will be deemed to, agree to treat the Notes as indebtedness for United States federal, state and local income, single business and franchise tax purposes. 

Section 311. Subordination. 

Wells Fargo Bank, National Association, in its capacity as the Securities Intermediary hereby irrevocably subordinates to the security
interest of the Indenture Trustee under this Indenture any and all security interest in, liens on and rights of setoff against any and all of the Collateral that the Securities Intermediary may have or acquire on the date hereof or at any time
hereafter until all Outstanding Obligations, and all amounts payable by the Issuer under this Indenture and all other Related Documents have been paid in full and all covenants and agreements of the Issuer in this Indenture and all other Related
Documents have been fully performed. 

  
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 ARTICLE IV 

COLLATERAL 
 Section 401.
Collateral. 
 (a) The Notes and the obligations of the Issuer hereunder shall be obligations of the Issuer as provided in
Section 203 hereof. The Noteholders and each Interest Rate Hedge Provider shall also have the benefit of, and the Notes shall be secured by and be payable from, the Issuer’s right, title and interest in the Collateral. The income, payments
and Proceeds of such Collateral shall be allocated to each such Series of Notes strictly in accordance with the applicable payment priorities set forth in Section 302 and Section 806 hereof. 

(b) Notwithstanding anything contained in this Indenture to the contrary, the Issuer expressly agrees that it shall remain liable under each
of its Contracts and Leases to observe and perform all the conditions and obligations to be observed and performed by it thereunder and that it shall perform all of its duties and obligations thereunder, all in accordance with and pursuant to the
terms and provisions of each such Contract or Lease, as the case may be. 
 (c) The Indenture Trustee hereby acknowledges the appointment by
the Issuer of the Manager to service and administer the Collateral in accordance with the provisions of the Management Agreement and, so long as such Management Agreement shall not have been terminated in accordance with its terms, the Indenture
Trustee hereby agrees to provide the Manager with such documentation and to take all such actions with respect to the Collateral as the Manager may reasonably request in writing in accordance with the express provisions of the Management Agreement;
provided, however, that the Indenture Trustee shall be entitled to receive from the Issuer reasonable compensation and cost reimbursement for any such action. Until such time as the Management Agreement has been
terminated in accordance with its terms, the Manager, on behalf of the Issuer, shall continue to collect all Accounts and payments on the Leases in accordance with the provisions of the Management Agreement and make such deposits into the Trust
Account as are required pursuant to the terms of the Management Agreement. Any Proceeds received directly by the Issuer in payment of any Account or Leases or in payment for, or in respect of, any of the Managed Containers or on account of any of
the Contracts to which the Issuer is a party shall be promptly deposited by the Issuer in precisely the form received (with all necessary endorsements) in the Trust Account, and until so deposited shall be deemed to be held in trust by the Issuer as
the Indenture Trustee’s property and shall continue to be collateral security for all of the obligations secured by this Indenture and shall not constitute payment thereof until applied as hereinafter provided. If (i) an Event of Default
has occurred, (ii) any Sale of the Collateral pursuant to Section 816 hereof shall have occurred or (iii) a Manager Default has occurred, the Issuer shall at the request of the Indenture Trustee, acting with the consent of or at the
direction of the Requisite Global Majority, to the extent practicable and to the extent the Issuer possesses such documents, deliver to the Indenture Trustee (or such other Person as the Indenture Trustee may direct) originals (or, to the extent
originals cannot be delivered, copies) of all other documents evidencing, and relating to, the sale and delivery of the Managed Containers and the Issuer shall, to the extent practicable and to the extent the Issuer possesses such documents, deliver
originals (or, to the extent originals cannot be delivered,  

  
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copies) of all other documents evidencing and relating to, the performance of any labor, maintenance, remarketing or other service which created such Accounts, including, without limitation, all
original orders, invoices and shipping receipts. The Issuer shall be required to deliver or disclose any information, data, document or agreement which is proprietary to the Issuer, only to the extent required by the terms of the Management
Agreement. 
 (d) The Issuer hereby represents and warrants that this Indenture creates a valid and continuing security interest (as defined
in the UCC) in the Collateral in favor of the Indenture Trustee, for the benefit of the Noteholders, which security interest is prior to all other Liens (other than Permitted Encumbrances), and is enforceable as such as against creditors of and
purchasers from the Issuer. 
 Section 402. Pro Rata Interest. 

(a) Except as expressly provided for herein and in any Supplement, the Notes of all Outstanding Series shall be equally and ratably entitled
to the benefits of this Indenture without preference, priority or distinction, all in accordance with the terms and provisions of this Indenture and the related Supplement. All Notes of a particular Class issued hereunder are and are to be, to the
extent (including any exceptions) provided in this Indenture and the related Supplement, equally and ratably secured by this Indenture without preference, priority or distinction on account of the actual time or times of the authentication or
delivery of the Notes so that all Notes of a particular Series and Class at any time Outstanding (including Notes owned by any Seller and its Affiliates, other than the Issuer) shall have the same right, Lien and preference under this Indenture and
shall all be equally and ratably secured hereby with like effect as if they had all been executed, authenticated and delivered simultaneously on the date hereof. 

(b) With respect to each Series of Notes, the execution and delivery of the related Supplement shall be upon the express condition that if the
conditions specified in Section 701 of this Indenture are met with respect to such Series of Notes, the security interest and all other estate and rights granted by this Indenture with respect to such Series of Notes shall cease and become null
and void and all of the property, rights, and interest granted as security for the Notes of such Series shall revert to and revest in the Issuer without any other act or formality whatsoever. 

Section 403. Indenture Trustee’s Appointment as Attorney-in-Fact. 

(a) The Issuer hereby irrevocably constitutes and appoints Indenture Trustee, and any officer or agent thereof, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of the Issuer and in the name of the Issuer or in its own name, from time to time, for the purpose of carrying out the terms of
this Indenture, to take any and all action and to execute and deliver any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Indenture; provided, however, that the
Indenture Trustee has no obligation or duty to take such action nor to determine whether to perfect, file, record or maintain any perfected, filed or recorded document or instrument (all of which the Issuer shall prepare, deliver and instruct the
Indenture Trustee to execute) in connection with the grant of a security interest in the Collateral hereunder. 

  
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 (b) The Indenture Trustee shall not exercise the power of attorney or any rights granted to the
Indenture Trustee pursuant to this Section 403 unless a Trust Event of Default shall have occurred and then be continuing. The Issuer hereby ratifies, to the extent permitted by law, all actions that said attorney shall lawfully do or cause to
be done by virtue hereof. The power of attorney granted pursuant to this Section 403 is a power coupled with an interest and shall be irrevocable until all Series of Notes are paid and performed in full. 

(c) The powers conferred on the Indenture Trustee hereunder are solely to protect Indenture Trustee’s interests in the Collateral and
shall not impose any duty upon it to exercise any such powers except as set forth herein. The Indenture Trustee shall be accountable only for amounts that it actually receives as a result of the exercise of such powers and neither it nor any of its
officers, directors, employees, agents or representatives shall be responsible to the Issuer for any act or failure to act, except for its own negligence or willful misconduct. 

(d) The Issuer also authorizes (but does not obligate) the Indenture Trustee to (i) so long as a Trust Manager Default is continuing,
communicate with any party to any Contract or Lease relating to a Managed Container with regard to the assignment of the right, title and interest of the Issuer in and under the Contracts or Leases relating to a Managed Container hereunder and other
matters relating thereto and (ii) so long as a Trust Event of Default is continuing, execute, in connection with the sale of Collateral provided for in Article VIII hereof, any endorsements, assignments or other instruments of conveyance or
transfer with respect to the Collateral. 
 (e) If the Issuer fails to perform or comply with any of its agreements contained herein and the
Indenture Trustee, with the consent of and at the direction of the Requisite Global Majority, shall perform or comply, or otherwise cause performance or compliance, with such agreement, the reasonable expenses, including attorneys’ fees and
expenses, of Indenture Trustee incurred in connection with such performance or compliance together with interest thereon at the rate specified in the related Supplement, shall be payable by the Issuer to the Indenture Trustee on demand and shall
constitute additional Outstanding Obligations secured hereby. 
 Section 404. Release of Security Interest. 

The Indenture Trustee, at the written direction of the Manager, shall release from the Lien of this Indenture, any Managed Container and the
Related Assets sold or transferred or paid-in-kind pursuant to, and in accordance with the terms of, Section 606(a) hereof. In effectuating such release, the Indenture Trustee shall be provided with and shall be entitled to rely on: (A) so
long as no Trust Early Amortization Event is then continuing, a written direction of the Manager (with a copy to each Administrative Agent) identifying each Managed Container or other items to be released from the Lien of this Indenture in
accordance with the provisions of this Section 404 accompanied by an Asset Base Certificate, or (B) (x) if a Trust Early Amortization Event is then continuing, all of the following: (i) the items set forth in clause
(A) above, and (ii) a certificate from the Manager (with a copy to each Administrative Agent) stating that such release is in compliance with Sections 404 and 606(a) hereof and (y) if a Trust Manager Default (other than a Trust
Manager Default of the type described in Section 11.1(i) or (j) of the Management Agreement) is then continuing, the prior consent of the Requisite Global 

  
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Majority shall also be required with respect to each such release. The Indenture Trustee shall, at the expense of the Issuer, execute documents prepared by, or on behalf of, the Issuer evidencing
such release was made in accordance with the provisions of this Section 404. The Issuer is authorized to file any UCC partial releases in the appropriate jurisdictions with respect to such released Containers. 

The Indenture Trustee will, promptly upon receipt of such certificate from the Manager and at the Issuer’s expense, execute and deliver
to the Issuer, the Sellers or, the Manager, as appropriate, and each Interest Rate Hedge Provider, a non-recourse certificate of release substantially in the form of Exhibit E hereto and such additional documents and instruments as that
Person may reasonably request to evidence the termination and release from the Lien of this Indenture of such Container and the other related items of Collateral. 

Section 405. Administration of Collateral. 

(a) The Indenture Trustee, on behalf of the Noteholders and each Interest Rate Hedge Provider, has, pursuant to the Manager Transfer
Facilitator Agreement, appointed the Manager Transfer Facilitator to perform all of the activities set forth therein. The Indenture Trustee shall promptly as practicable notify the Noteholders, each Interest Rate Hedge Provider and the Manager
Transfer Facilitator of a Trust Manager Default of which a Corporate Trust Officer has actual knowledge. If a Trust Manager Default shall have occurred and then be continuing, the Indenture Trustee, in accordance with the written direction of the
Requisite Global Majority, shall deliver to the Manager (with a copy to each Administrative Agent, each Interest Rate Hedge Provider and the Manager Transfer Facilitator) a Manager Termination Notice terminating the Manager of its responsibilities
in accordance with the terms of the Management Agreement. If the Manager Transfer Facilitator is unable to locate and qualify a Replacement Manager acceptable to the Requisite Global Majority within sixty (60) days after the date of delivery of
the Manager Termination Notice, then the Manager Transfer Facilitator may and shall, at the direction of the Requisite Global Majority, appoint, or petition a court of competent jurisdiction to appoint as a successor Manager, a Person acceptable to
the Requisite Global Majority, having a net worth of not less than $15,000,000 and whose regular business includes marine cargo container leasing and/or container chassis leasing. In connection with the appointment of a Replacement Manager, the
Indenture Trustee may, with the written consent of the Requisite Global Majority, make such arrangements for the compensation of such Replacement Manager out of Collections as the Indenture Trustee (acting in accordance with the Requisite Global
Majority) and such Replacement Manager shall agree. The terminated Manager shall not be entitled to receive any Management Fee or other amounts owing to it pursuant to the Management Agreement for any period after the effective date of such
replacement, but shall be entitled to receive any such amounts earned or accrued through the effective date of such replacement which amounts shall be payable in accordance with Section 302 of this Indenture. The Indenture Trustee shall take
such action, consistent with the Management Agreement and the other Related Documents, as shall be reasonably necessary to effectuate any such succession including exercising the power of attorney granted by the Manager pursuant to Section 11.4
of the Management Agreement. 
 (b) Upon a Corporate Trust Officer obtaining actual knowledge or the receipt of notice by the Indenture
Trustee that any repurchase obligations of the applicable Seller under 

  
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the Contribution and Sale Agreement or Container Transfer Agreement (as applicable) has arisen, the Indenture Trustee shall notify each Interest Rate Hedge Provider and each Noteholder of such
event and shall enforce such repurchase obligations at the written direction of the Requisite Global Majority. 
 Section 406. Quiet
Enjoyment. 
 The security interest hereby granted to the Indenture Trustee by the Issuer is subject to the right of any lessee to the
quiet enjoyment of any Managed Container under lease to such lessee for so long as such lessee is not in default under the Lease therefor and the Manager under the Management Agreement (including any Replacement Manager) or the Indenture Trustee (as
provided in Section 405 hereof) continues to receive all amounts payable under such Lease. 

  
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 ARTICLE V 

RIGHTS OF NOTEHOLDERS; ALLOCATION 

AND APPLICATION OF NET ISSUER PROCEEDS; 

REQUISITE GLOBAL MAJORITY 

Section 501. Rights of Noteholders. 

The Noteholders of each Series shall have the right to receive, to the extent necessary to make the required payments with respect to the
Notes of such Series at the times and in the amounts specified in the related Supplement, (i) the portion of Collections allocable to Noteholders of such Series pursuant to this Indenture and the related Supplement, (ii) funds on deposit
in the Trust Account (subject to the priorities set forth in Section 302 hereof) and the Excess Funding Account, and (iii) funds on deposit in any Series Account and the Restricted Cash Account(s) for such Series or Class. Each Noteholder,
by acceptance of its Notes, (a) acknowledges and agrees that (except as expressly provided herein and in a Supplement entered into in accordance with Section 1006(b) hereof) the Noteholders of a Series or Class shall not have any interest
in any Series Account or any Restricted Cash Account(s) for the benefit of any other Series or Class and (b) ratifies and confirms the terms of this Indenture and the Related Documents executed in connection with such Series. 

Section 502. Allocations Among Series. 

With respect to each Collection Period, Collections on deposit in the Trust Account will be allocated to each Series then Outstanding in
accordance with Article III of this Indenture and the Supplements. 
 Section 503. Determination of Requisite Global Majority.

 A Requisite Global Majority shall exist with respect to any action proposed to be taken pursuant to the terms of this Indenture or any
Supplement if the Control Party or Control Parties representing more than fifty percent (50%) of the sum of the Existing Commitments of all Series then Outstanding shall approve or direct such proposed action (in making such a determination,
each Control Party shall be deemed to have voted the entire Existing Commitment of the related Series in favor of, or in opposition to, such proposed action, as the case may be). The Indenture Trustee shall be responsible for identifying the
Requisite Global Majority in accordance with the terms of this Section 503. 

  
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 ARTICLE VI 

COVENANTS 
 For so long as any
Aggregate Outstanding Obligations of the Issuer remains outstanding the Issuer shall observe each of the following covenants: 

Section 601. Payment of Principal and Interest, Payment of Taxes. 

(a) The Issuer will duly and punctually pay the principal of and interest on the Notes in accordance with the terms of the Notes, this
Indenture and the related Supplement. 
 (b) The Issuer will take all actions as are necessary to insure that all taxes and governmental
claims, if any, in respect of the Issuer’s activities and assets are promptly paid. 
 Section 602. Maintenance of Office.

 (a) The only “place of business” (within the meaning of Section 9-307 of the UCC) of the Issuer is located at Century
House, 16 Par-la-Ville Road, Hamilton HM HX, Bermuda. The Issuer shall not establish a new place of business or location for its chief executive office outside of Bermuda unless (i) it shall have given to the Indenture Trustee, each
Administrative Agent and each Interest Rate Hedge Provider not less than sixty (60) days’ prior written notice of its intention so to do, clearly describing such new location and providing such other information in connection therewith as
the Indenture Trustee or any Interest Rate Hedge Provider may reasonably request, (ii) not less than fifteen (15) days’ prior to the effective date of such relocation, the Issuer shall have taken, at its own cost, all action necessary
so that such change of location does not impair the security interest of the Indenture Trustee in the Collateral, or the perfection of the sale or contribution of the containers to the Issuer, and shall have delivered to the Indenture Trustee, each
Administrative Agent and each Interest Rate Hedge Provider copies of all filings required in connection therewith and (iii) the Issuer has delivered to the Indenture Trustee one or more Opinions of Counsel satisfactory to the Requisite Global
Majority, stating that, after giving effect to such change of location: (A) none of the Sellers and the Issuer will, pursuant to applicable Insolvency Law, be substantively consolidated in the event of any Insolvency Proceeding by, or against,
any Seller, (B) under applicable Insolvency Law, the transfers of Transferred Assets made in accordance with the terms of the Related Documents will be treated as a “true sale” in the event of any Insolvency Proceeding by, or against,
any Seller, and (C) either (1) in the opinion of such counsel, all registration of charges, financing statements, or other documents of similar import, and amendments thereto have been executed and filed that are necessary to fully
preserve and protect the interest of the Issuer and the Indenture Trustee in the Transferred Assets, or (2) stating that, in the opinion of such counsel, no such action shall be necessary to preserve and protect such interest. 

(b) The Issuer will not maintain a place of business within the United States of America. 

  
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 Section 603. Corporate Existence. 

The Issuer will keep in full effect its existence, rights and franchises as an exempted company incorporated under the laws of Bermuda, and
will obtain and preserve its qualification in each jurisdiction in which such qualification is necessary to protect the validity and enforceability of this Indenture, any Supplements issued hereunder and the Notes. 

Section 604. Protection of Collateral. 

The Issuer, at its expense, will cause this Indenture and any Supplement to be registered under Section 55 of the Companies Act of 1981
Bermuda in the Register of Charges kept at the Office of the Registrar of Companies of Bermuda (or under any statute enacted in lieu thereof and for the time being in force, or under any law of general application relating to the registration of
mortgages of or charges upon personal property for the time being in force in the Islands of Bermuda). In addition, the Issuer will from time to time execute and deliver all amendments thereto and all such financing statements, continuation
statements, instruments of further assurance and other instruments, and will, upon the reasonable request of the Manager, the Indenture Trustee, the Requisite Global Majority or any Interest Rate Hedge Provider, take such other action necessary or
advisable to: 
 (a) grant more effectively the security interest in all or any portion of the Collateral; 

(b) maintain or preserve the Lien of this Indenture (and the priority thereof) or carry out more effectively the purposes hereof including
executing and filing such documents, as may be required under any international convention for the perfection of interests in containers that may be adopted subsequent to the date of this Indenture; 

(c) perfect, publish notice of, or protect the validity of the security interest in the Collateral created pursuant to this Indenture; 

(d) enforce any of the items of the Collateral; 

(e) preserve and defend its right, title and interest to the Collateral and the rights of the Indenture Trustee in such Collateral against the
claims of all Persons (other than the Noteholders or any Person claiming through the Noteholders); 
 (f) pay any and all taxes levied or
assessed upon all or any part of the Collateral; 
 (g) pay any and all fees, taxes and other charges payable in connection with the
registration of this Indenture and any Supplement with the Office of the Registrar of Companies of Bermuda or any other Governmental Authority; or 

(h) notify such parties of any Commercial Tort Claims in which the Issuer has rights that arise after the date hereof and exceed $250,000 and
take such actions necessary to create and perfect the Indenture Trustee’s Lien therein. 

  
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 In furtherance of clauses (b) and (c) above, the Issuer hereby agrees that if at any
time there is a change in Applicable Law (or a change in the interpretation of Applicable Law by any governmental authority) which, in the reasonable judgment of the Requisite Global Majority, may affect the perfection of the Indenture
Trustee’s security interest in the Collateral, then the Issuer shall, within thirty (30) days after written request from the Requisite Global Majority, furnish to the Indenture Trustee an Opinion of Counsel either (i) stating that, in
the opinion of such counsel, such action has been taken with respect to the recording, filing, re-recording and refiling of this Indenture, any Supplements hereto and any other requisite documents, and with respect to the execution and filing of any
financing statements and continuation statements, as are necessary to maintain the Lien created by this Indenture and reciting the details of such action, or (ii) stating that, in the opinion of such counsel, no such action is necessary to
maintain such Lien. Such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of this Indenture, any Supplements hereto and any other requisite documents and the execution and filing of any financing statements and
continuation statements that, in the opinion of such counsel, are required to maintain the Lien and security interest of this Indenture. 

Section 605. Performance of Obligations. 

Except as otherwise permitted by this Indenture, the Management Agreement, the Contribution and Sale Agreement or any Container Transfer
Agreement, the Issuer will not take, or fail to take, any action, and will use its best efforts not to permit any action to be taken by others, which would release any Person from any of such Person’s covenants or obligations under any
agreement or instrument included in the Collateral (excluding any Interest Rate Hedge Agreement), or which would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such
agreement or instrument (excluding any Interest Rate Hedge Agreement). 
 Section 606. Negative Covenants. The Issuer will not,
without the prior written consent of the Requisite Global Majority in each instance: 
 (a) at any time sell, transfer, exchange or
otherwise dispose of any of the Collateral, except as follows: 
 (i) in connection with a sale following the occurrence of
an Event of Default pursuant to Section 816 hereof; 
 (ii) sales of Managed Containers and the associated Related
Assets: 
 (A) to Persons that are neither Prohibited Persons nor Affiliates of the Issuer, in the ordinary course of
business (including any such sales resulting from the sell/repair decision of the Manager), so long as (1) the net cash proceeds from such disposition are deposited in the Trust Account, (2) no Asset Base Deficiency, Early Amortization
Event or Event of Default for any Series is then continuing or would result from such disposition, and (3) if an Early Amortization Event for any Series is then continuing or would result from such disposition, the sum of the Net Book Values of
all Managed Containers that were sold for less than Net 

  
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Book Value during the four (4) immediately preceding Collection Periods shall not exceed an amount equal to the product of (x) five percent (5%) and (y) an amount equal to the
quotient of (i) the sum of the aggregate Net Book Value as of the last day of each of the four (4) immediately preceding Collection Periods, divided by (ii) four (4); 

(B) in connection with a repurchase or substitution made by a Seller pursuant to the terms of the Contribution and Sale
Agreement or any Container Transfer Agreement to remedy one or more false Container Representations and Warranties; and 

(C) to an Affiliate of the Issuer that is a Special Purpose Vehicle, so long as (1) no Asset Base Deficiency, Early
Amortization Event for any Series or an Event of Default for any Series is then continuing or would result from such disposition, (2) the consideration received by the Issuer from such disposition (x) to the extent consisting of cash, is
deposited in the Trust Account and (y) shall equal or exceed an amount equal to the sum of the then Net Book Values of the assets so disposed of, (3) immediately prior to giving effect to such disposition, the ratio of EBIT to Interest
Expense (in each case, for the six fiscal quarter period most recently ended prior to the date of such disposition), is greater than 1.10 to 1.00 and (4) the selection procedures used in selecting such Managed Containers did not materially
discriminate against the Issuer as to the type of Containers, utilization potential, lease rates, lessees or Lease terms, in comparison to the Managed Containers as a whole (immediately prior to such sale); 

(iii) dividends and distributions of cash, so long as no Asset Base Deficiency, Early Amortization Event for any Series or an
Event of Default for any Series is then continuing or would result from such disposition; provided that no such dividends or distributions may be made until the date that is sixty (60) days following the date of this Indenture; 

(iv) any other dispositions that have been specifically approved in writing by the Requisite Global Majority. 

(b) claim any credit on, make any deduction from the principal, premium, if any, or interest payable in respect of the Notes (other than
amounts properly withheld from such payments under any Applicable Law) or assert any claim against any present or former Noteholder by reason of the payment of any taxes levied or assessed upon any of the Collateral; 

(c) (i) permit the validity or effectiveness of this Indenture to be impaired, or (ii) permit the Lien of this Indenture with respect to
the Collateral (excluding any Interest Rate Hedge Agreement) to be subordinated, terminated or discharged, except as permitted with respect to a sale of such Collateral made in accordance with Section 404, this Section 606 or Article VII
hereof or upon payment in full of all Aggregate Outstanding Obligations, or (iii) permit any Person to be released from any covenants or obligations with respect to any 

  
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Related Document (excluding any Interest Rate Hedge Agreement, it being understood that any such Interest Rate Hedge Agreement shall be terminated in accordance with the terms thereof), except as
may be expressly permitted by the terms of such Related Document; 
 (d) permit any Lien (except any Permitted Encumbrance) to be created on
or extend to or otherwise arise upon or burden the Collateral or any part thereof or any interest therein or the Proceeds thereof other than the Lien created pursuant to this Indenture; 

(e) permit the Lien of this Indenture not to constitute a valid first priority perfected security interest in the Collateral; 

(f) fail to maintain the registration of this Indenture or any Supplement with the Office of the Registrar of Companies of Bermuda or fail to
maintain the effectiveness of any required UCC filings in the applicable jurisdictions; 
 (g) engage in any activities within the United
States; provided that Managed Containers may be leased by the Issuer to Persons in the United States or for use in the United States; or 

(h) for purposes of the Asset Base calculation, revise the Depreciation Policy with respect to the Managed Containers in such a way as to
reduce the amount of depreciation expense that would be recorded in any year from that which would have been recorded pursuant to the Depreciation Policy without obtaining in each such instance the prior written consent of the Requisite Global
Majority. 
 Section 607. Non-Consolidation of Issuer. 

(a) The Issuer shall be operated in such a manner that it shall not be substantively consolidated with the estate of any other Person in the
event of the bankruptcy or insolvency of the Issuer or such other Person. Without limiting the foregoing, the Issuer shall (1) conduct its business in its own name, (2) maintain its books, records and bank accounts separate from those of
any other Person, (3) not commingle its funds with those of any other Person (except for any commingling of monies attributable to the Managed Containers that are on deposit in the Master Account until such time as such monies are transferred
to the Trust Account in accordance with the terms of the Management Agreement), (4) maintain separate financial statements, showing its assets and liabilities separate and apart from those of any other Person and, to the extent that the
Issuer’s assets, liabilities, expenses, revenues, and other financial information are required to be included in any consolidated financial statement, a note will be included in such financial statements that indicates that the Issuer is a
separate legal entity from the other members of the consolidated group, its assets are not assets of any other member of the consolidated group, and its assets are not available to the creditors of any other member of the consolidated group,
(5) other than with respect to Manager Advances, pay its own liabilities and expenses out of its own funds, (6) enter into a transaction with an Affiliate only if such transaction is intrinsically fair, commercially reasonable and on the
same terms as would be available in an arm’s length transaction with a Person or entity that is not an Affiliate (provided, any transaction between the Issuer and an Affiliate pursuant to the Management Agreement, any Container Transfer
Agreement or the Contribution and Sale Agreement shall be deemed to have 

  
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satisfied this clause (6)), (7) allocate fairly and reasonably any overhead expenses that are shared with an Affiliate, (8) hold itself out as a separate entity and maintain adequate
capital in light of its contemplated business operations, (9) correct any known misunderstanding regarding its separate identity, (10) use separate stationary, invoices and checks from those of any other Person and (11) observe all
other organizational formalities. 
 (b) Notwithstanding any provision of law which otherwise empowers the Issuer, the Issuer shall not
(1) hold itself out as being liable for the debts of any other Person, (2) act other than in its corporate name and through its duly authorized officers or agents, (3) engage in any joint activity or transaction of any kind with or
for the benefit of any Affiliate including any of the transactions described in Section 611 hereof, except (i) payment of lawful distributions to its members and (ii) the execution, delivery and performance of the Management
Agreement, (4) enter into any transaction that is prohibited pursuant to the provisions of Section 610 herein or (5) take any other action that would be inconsistent with maintaining the separate legal identity of the Issuer or engage
in any other activity not contemplated by this Indenture and the Related Documents. 
 Section 608. No Bankruptcy Petition. 

The Issuer shall not (1) commence any Insolvency Proceeding seeking to have an order for relief entered with respect to it, or seeking
reorganization, arrangement, adjustment, wind-up, liquidation, dissolution, composition or other relief with respect to it or its debts, (2) seek appointment of a receiver, trustee, custodian or other similar official for it or any part of its
assets, (3) make a general assignment for the benefit of creditors, or (4) take any action in furtherance of, or consenting or acquiescing in, any of the foregoing. 

Section 609. Liens. 

The Issuer shall not (i) permit any Lien (except any Permitted Encumbrance) to be created on or extend to or otherwise arise upon or
burden the Collateral or any part thereof or any interest therein or the Proceeds thereof; or (ii) permit the Lien of this Indenture not to constitute a valid first priority security interest in the Collateral. 

Section 610. Other Indebtedness. 

The Issuer shall not contract for, create, incur, assume or suffer to exist any Indebtedness except (i) any Notes issued pursuant to this
Indenture or any Supplement issued hereunder, (ii) obligations incurred in accordance with the terms of the Related Documents including, without limitation, Manager Advances and Management Fees incurred in accordance with the terms of the
Management Agreement, (iii) trade payables and expense accruals incurred in the ordinary course and which are incidental to the purposes permitted pursuant to the Issuer’s charter documents and (iv) Interest Rate Hedge Agreements
required or permitted pursuant to the terms of Section 627 hereof. For the avoidance of doubt, the Issuer shall not incur any Indebtedness for borrowed money other than pursuant to clauses (i) and (iv) of this Section 610. 

  
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 Section 611. Guarantees, Loans, Advances and Other Liabilities. 

The Issuer will not make any loan, advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of
assuring another’s payment or performance on any obligation or capability of so doing, or otherwise), endorse (except for the endorsement of checks for collection or deposit) or otherwise become contingently liable, directly or indirectly, in
connection with the obligations, stock or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any other
Person. 
 Section 612. Consolidation, Amalgamation, Merger and Sale of Assets; Ownership of the Issuer. 

(a) The Issuer shall not consolidate with, amalgamate or merge with or into any other Person or sell, convey, transfer or lease all or
substantially all of its assets, whether in a single transaction or a series of transactions, to any Person, except for (i) any such sale, conveyance or transfer contemplated in this Indenture or any Supplement issued hereunder and
(ii) any Lease of a container in accordance with the terms of the Management Agreement. 
 (b) The obligations of the Issuer hereunder
shall not be assignable nor shall any Person succeed to the obligations of the Issuer hereunder except in each case in accordance with the provisions of this Indenture. 

(c) The Issuer shall give prior written notice to the Control Party for each Series of Notes and to each Interest Rate Hedge Provider of any
action pursuant to this Section 612; provided, that such notice shall also be given to each Noteholder of any Warehouse Notes. 

(d) All of the authorized and issued shares of the Issuer shall at all times collectively be owned by Textainer Limited and/or its Affiliates.

 Section 613. Other Agreements. 

The Issuer will not after the date of the issuance of the Notes enter into or become a party to any agreements or instruments other than
(i) this Indenture, the Supplements, the Contribution and Sale Agreement, any Container Transfer Agreement, the Management Agreement, the Note Purchase Agreement, the other Related Documents for any Series of Notes and any agreements or
instruments contemplated under the foregoing agreements listed in this Section 613(i), (ii) any agreement pursuant to which the Issuer issues additional shares to any other Person, (iii) any indemnification agreements with officers
and directors of the Issuer provided that any payments owing by the Issuer thereunder shall be payable only to the extent set forth in Section 302 hereof, (iv) any agreement among the Issuer and one or more Affiliates with respect to the
payment and accounting treatment of routine administrative expenses incurred by or on behalf of the Issuer in the normal course of its business, (v) any Interest Rate Hedge Agreement required or permitted pursuant to the terms of
Section 627 hereof, and (vi) any other agreement(s) contemplated by any Related Document, including, without limitation, any agreement(s) for disposition of the Transferred Assets permitted by Sections 404, 606(a), 804 or 816 hereof and
any agreement(s) for the sale, repurchase, lease or re-lease of a container made in accordance with the provisions of any Container Transfer Agreement, the Contribution and Sale Agreement or the Management Agreement. In addition, the Issuer will not
amend, modify or 

  
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waive any provision of the Contribution and Sale Agreement, any applicable Container Transfer Agreement, the Management Agreement or any other Related Documents or give any approval or consent or
permission provided for therein without the prior written consent of the requisite Persons set forth in such Related Document. 

Section 614. Charter Documents. 

(a) The Issuer shall not alter or amend its memorandum of association except in accordance with the Companies Act 1981 of Bermuda and until
same has been approved by (a) a unanimous resolution of the board (other than the Independent Director (as such capitalized term is defined in the bye-laws of the Issuer)); and (b) a resolution of the members of the Issuer;
provided, that the Rating Agency Condition shall have been satisfied with respect to such alteration or amendment.  

(b) No bye-law of the Issuer may be rescinded, altered or amended and no new bye-law may be made save in accordance with the Companies Act
1981 of Bermuda and until the same has been approved by (a) a resolution of the board; and (b) a resolution of the members of the Issuer; provided that a Special Bye-Law Amendment (as such capitalized term is defined in the bye-laws
of the Issuer) shall require (x) the prior unanimous approval of the board (including the Independent Director (as such capitalized term is defined in the bye-laws of the Issuer)), and (y) a resolution of the members of the Issuer. 

Section 615. Capital Expenditures. 

The Issuer will not make any expenditure (by long-term or operating lease or otherwise) for capital assets (both realty and personalty),
except for (a) acquisition of additional containers made in accordance with the terms of the Management Agreement or (b) capital improvements to the containers in the ordinary course of its business and in accordance with the Management
Agreement. 
 Section 616. Permitted Activities. 

The Issuer will not engage in any activity or enter into any transaction except as permitted under its memorandum of association or bye-laws.
The Issuer will observe all organizational and managerial procedures required by its constitutional documents and Applicable Law. The Issuer shall (i) keep complete minutes of the meetings and other proceedings of the Issuer and
(ii) continuously maintain the resolutions, agreements and other instruments underlying the transaction contemplated by the Related Documents. 

Section 617. Investment Company. 

The Issuer will conduct its operations in a manner which will not subject it to registration as an “investment company” under the
Investment Company Act of 1940, as amended. 

  
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 Section 618. Payments of Collateral. 

If the Issuer shall receive from any Person any payments with respect to the Collateral (to the extent such Collateral has not been released
from the Lien of this Indenture in accordance with Section 404 hereof), the Issuer shall receive such payment in trust for the Indenture Trustee, as secured party hereunder, and subject to the Indenture Trustee’s security interest and
shall, by not later than one Business Day after receipt thereof, deposit such payment in the Trust Account. 
 Section 619.
Notices. 
 The Issuer shall notify the Indenture Trustee, each Interest Rate Hedge Provider and the Manager Transfer Facilitator
(but only with respect to the occurrence of a Manager Default for any Series) in writing of any of the following immediately upon learning of the occurrence thereof, describing the same and, if applicable, the steps being taken by the Person(s)
affected with respect thereto: 
 (a) Event of Default. The occurrence of an Event of Default for any Series and any acceleration of
the related Notes; 
 (b) Litigation. The institution of any litigation, arbitration proceeding or Proceeding before any Governmental
Authority which might have or result in a Material Adverse Change; 
 (c) Material Adverse Change. The occurrence of a Material
Adverse Change; 
 (d) Other Events. The occurrence of an Early Amortization Event for any Series, or such other events that may,
with the giving of notice or the passage of time or both, constitute an Event of Default for any Series. 
 Section 620. Books and
Records. The Issuer shall, and shall cause the Manager to, maintain complete and accurate books and records in which full and correct entries in conformity with GAAP shall be made of all dealings and transactions in relation to its business and
activities. In connection with each transfer of Transferred Assets, the Issuer shall report, or cause to be reported, on its financial records the transfer of the Transferred Assets as a purchase under GAAP. The Issuer will ensure that no financial
statement, nor any consolidated financial statements of the Issuer, suggests that the assets of the Issuer are available to pay the debts of any Seller, the Manager, or any of their Affiliates. 

Section 621. Taxes. The Issuer shall, or shall cause the Manager to, pay when due, all of its taxes, unless and only to the extent
that Issuer is contesting such taxes in good faith and by appropriate Proceedings and Issuer has set aside on its books such reserves or other appropriate provisions therefor as may be required by GAAP. 

Section 622. Subsidiaries. The Issuer shall not create any Subsidiaries. 

Section 623. Investments. The Issuer shall not make or permit to exist any Investment in any Person except for Investments in
Eligible Investments made in accordance with the terms of this Indenture. 

  
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 Section 624. Use of Proceeds. The Issuer shall use the proceeds of the Notes only for
general corporate purposes, including the distribution of dividends, the repayment of other indebtedness and paying the costs of the issuance of the Notes. In addition, Issuer shall not permit any proceeds of the Notes to be used, either directly or
indirectly, for the purpose, whether immediate, incidental or ultimate, of “purchasing or carrying any margin stock” within the meaning of Regulation U of the Board of Governors of the Federal Reserve System, as amended from time to time,
and shall furnish to each Holder, upon its request, a statement in conformity with the requirements of Regulation U. 
 Section 625.
Asset Base Report. 
 The Issuer shall prepare and deliver to the Indenture Trustee, each Administrative Agent and each Interest Rate
Hedge Provider, on each Determination Date, an Asset Base Report. 
 Section 626. Financial Statements. 

The Issuer shall prepare and deliver to the Indenture Trustee, each Administrative Agent and each Interest Rate Hedge Provider, or shall cause
the Manager to prepare and deliver to such parties pursuant to the Management Agreement, quarterly financial statements of the Issuer, the Manager, Textainer Group Holdings Limited and Textainer Limited within sixty (60) days after the end of
each of the first three (3) fiscal quarters of each fiscal year (beginning with the fiscal quarter ending on September 30, 2013) and separate annual financial statements of the Issuer and the Manager, audited by their regular Independent
Accountants, within one hundred twenty (120) days after the end of each fiscal year ending on and after December 31, 2013. All financial statements shall be prepared in accordance with GAAP. Delivery of such reports, information and
documents to such Persons is for informational purposes only and each such Person’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the
Issuer’s compliance with any of its covenants hereunder (as to which the Indenture Trustee is entitled to rely exclusively on Officer’s Certificates). 

Section 627. Interest Rate Hedge Agreements. 

(a) The Issuer shall enter into Interest Rate Hedge Agreements upon the terms and conditions set forth in each Supplement (to the extent
applicable in such Supplement). 
 (b) On each Determination Date, Issuer shall provide or cause to be provided the Indenture Trustee, each
Administrative Agent and each Interest Rate Hedge Provider, a monthly report reflecting the hedging policy calculations as of the end of the preceding calendar month based on all transactions outstanding as of the end of such month under Interest
Rate Hedge Agreements then in effect, including transactions which are scheduled to commence on a future date. 
 (c) The termination
provisions provided for in any Supplement relating to any Interest Rate Hedge Agreements are in addition to, and not to the exclusion of, any termination provisions contained in such Interest Rate Hedge Agreements. 

  
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 (d) The parties hereto acknowledge and agree that the Indenture Trustee shall not be required to
act as a “commodity pool operator” (as defined in the Commodity Exchange Act, as amended) or be required to undertake regulatory filings related to this Indenture or any other Related Document in connection therewith. 

Section 628. UNIDROIT Convention. 

The Issuer shall comply with the terms and provisions of the UNIDROIT Convention or any other internationally recognized system for recording
interests in or liens against shipping containers at the time that such convention is adopted by the container leasing industry. 

Section 629. Other Information. 

For so long as any of the Notes are “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act and the
Issuer is not subject to Section 13 or 15(d) of the Exchange Act, the Issuer will, and shall cause Manager to, (i) provide or cause to be provided to any Holder of Notes and any prospective purchaser thereof designated by such a Holder,
upon the request of such Holder or prospective purchaser, the information required to be provided to such Holder or prospective purchaser by Rule 144A(d)(4) under the Securities Act; and (ii) update such information to prevent such information
from becoming materially false and materially misleading in a manner adverse to any Noteholder. 
 Section 630. Separate
Identity. 
 The Issuer will be operated, or will cause itself to be operated, so that the Issuer will not be substantively consolidated
with Textainer Limited, TMCL, the Manager or any of their respective Affiliates. 
 Section 631. Purchase of Additional
Containers. 
 The Issuer shall not use funds to be classified as an Issuer Expense to purchase additional Containers. 

Section 632. OFAC. 

The Issuer shall not in a manner which would violate the laws of the United States, other than pursuant to a license issued by OFAC,
(i) lease, or consent to any sublease of, any of the Managed Containers to any Person that is a Prohibited Person or (ii) derive any of its assets or operating income from investments in or transactions with any such Prohibited Person. If
the Issuer obtains knowledge that a container is subleased to a Prohibited Person or located or used in a Prohibited Jurisdiction in a manner which would violate the laws of the United States (other than pursuant to a license issued by OFAC), then
the Issuer shall, within ten (10) Business Days after obtaining knowledge thereof, remove such Managed Container from the Aggregate Asset Base for so long as such condition continues. 

  
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 Section 633. Tax Election of the Issuer. 

The Issuer will not elect or agree to elect to be treated as an association taxable as a corporation for United States federal income tax or
any State income or franchise tax purposes. 
 Section 634. Rating Agency Notices. 

Subject to the application of applicable law, the Issuer shall promptly deliver a copy of any written notice concerning the Issuer’s
credit rating received by it from any Rating Agency to the Indenture Trustee, each Administrative Agent and each Interest Rate Hedge Provider. 

Section 635. Compliance with Law. 

The Issuer shall comply with any applicable statute, license, rule or regulation by which it or any of its properties may be bound if the
failure to comply would reasonably be expected to result in a Material Adverse Effect. 
 Section 636. FATCA. 

Each holder of a Note or an interest therein, by acceptance of such Note or such interest in such Note, will be deemed to have agreed to
provide the Issuer and the Indenture Trustee with such Noteholder Tax Identification Information as requested from time to time by the Issuer or the Indenture Trustee. In addition, if a Note is issued or significantly modified (within the meaning of
section 1.1001-3 of the income tax regulations) after June 30, 2014, each holder of a Note or an interest therein, by acceptance of such Note or such interest in such Note, will be deemed to have agreed to provide the Issuer and the Indenture
Trustee with such Noteholder FATCA Information as requested from time to time by the Issuer or the Indenture Trustee. Each holder of a Note or an interest therein will be deemed to understand that each of the Issuer and the Indenture Trustee has the
right to withhold tax on interest and other applicable amounts under the Code (without any corresponding gross-up) payable with respect to each holder of a Note, or to any beneficial owner of an interest in a Note, that fails to comply with the
foregoing requirements. 

  
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 ARTICLE VII 

DISCHARGE OF INDENTURE; PREPAYMENTS 

Section 701. Full Discharge. 

Upon payment in full of the Aggregate Outstanding Obligations, the Indenture Trustee shall, at the request and at the expense of the Issuer,
execute and deliver to the Issuer such deeds or other instruments as shall be requisite to evidence the satisfaction and discharge of this Indenture and the security hereby created with respect to the applicable Series, and to release the Issuer
from its covenants contained in this Indenture and the related Supplement with respect to such Series. In connection with the satisfaction and discharge of this Indenture the Indenture Trustee shall be provided with and shall be entitled to
conclusively rely upon an Opinion of Counsel stating that such satisfaction and discharge is authorized and permitted. 
 Section 702.
Prepayment of Notes. 
 The Issuer may, from time to time, make an optional Prepayment of principal of the Notes of a Series at the
times, in the amounts and subject to the conditions and limitations set forth in the Supplement for the Series of Notes to be prepaid, and all amounts due under the Interest Rate Hedge Agreements (including any termination payments) required solely
pursuant to the Related Supplement. 
 Section 703. Unclaimed Funds. 

In the event that any amount due to any Noteholder remains unclaimed, the Issuer shall, at its expense, cause to be published once, in the
eastern edition of The Wall Street Journal notice that such money remains unclaimed. Any such unclaimed amounts shall not be invested by the Indenture Trustee (notwithstanding the provisions of Section 303 hereof) and no additional
interest shall accrue on the related Note subsequent to the date on which such funds were available for distribution to such Noteholder. Any such unclaimed amounts shall be held by the Indenture Trustee in trust until the latest of (i) two
(2) years after the date of the publication described in the second preceding sentence, (ii) the date all other registered Noteholders of such Series shall have received full payment of all principal, interest, premium, if any, and other
sums payable to them on such Notes or the Indenture Trustee shall hold (and shall have notified the registered Noteholders that it holds) in trust for that purpose an amount sufficient to make full payment thereof when due and (iii) the date
the Issuer shall have fully performed and observed all its covenants and obligations contained in this Indenture and the related Supplement with respect to such Series of Notes. Thereafter, any such unclaimed amounts shall be paid to the Issuer by
the Indenture Trustee on written demand; and thereupon each of the Indenture Trustee and the Issuer shall be released from all further liability with respect to such monies, and thereafter the registered Noteholders in respect of which such monies
were so paid to the Issuer shall have no rights in respect thereof. 

  
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 ARTICLE VIII 

DEFAULT PROVISIONS AND REMEDIES 

Section 801. Trust Events of Default. 

“Trust Event of Default”, wherever used herein with respect to any Series of Notes, means any one of the following events (whatever
the reason for such Trust Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any Governmental Authority):

 (i) the entry of a decree or order for relief by a court having jurisdiction in respect of the Issuer in any involuntary
case under any applicable Insolvency Law, or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, or sequestrator (or other similar official) for the Issuer or for any substantial part of
its properties, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days; 

(ii) the commencement by the Issuer of a voluntary case under any applicable Insolvency Law, or other similar law now or
hereafter in effect, or the consent by the Issuer to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee or sequestrator (or other similar official) of the Issuer or any substantial part of its properties,
or the making by the Issuer of any general assignment for the benefit of creditors, or the failure by the Issuer generally to pay its debts as they become due, or the taking of any action by the Issuer in furtherance of any such action; 

(iii) all of the following conditions shall have occurred: (A) a Trust Manager Default shall have occurred and shall not
have been remedied, waived or cured, (B) the Indenture Trustee (acting at the direction of the Requisite Global Majority) shall have directed the Issuer in writing, with a copy of such written direction delivered to the Manager (the
“Replacement Request”), to appoint a Replacement Manager for the Terminated Managed Containers in accordance with the terms of the Management Agreement, and (C) a Replacement Manager shall not have been appointed and assumed
the management of all Terminated Managed Containers pursuant to a management agreement reasonably acceptable to the Requisite Global Majority by the date which is ninety (90) days after the date on which such Trust Manager Default initially
occurred; 
 (iv) the Indenture Trustee shall fail to have a first priority perfected security interest in the Collateral;

 (v) as of any Payment Date, an Asset Base Deficiency exists, and such condition continues unremedied for a period of
ninety (90) consecutive days. 

  
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 (vi) the Issuer is required to register as an Investment Company under the
Investment Company Act of 1940, as amended; or 
 (vii) the occurrence of a reportable event (within the meaning of
Section 4043 of ERISA) with respect to any Plan maintained by the Issuer as to which the Pension Benefit Guaranty Corporation has not by regulation waived the requirement that it be notified thereof, or the occurrence of any event or condition
with respect to a Plan which reasonably could be expected to result in any liability in excess of $250,000 or which actually results in the imposition of a Lien on the assets of the Issuer. 

Each Trust Event of Default shall apply with respect to each Series of Notes then Outstanding unless the related Supplement shall specifically
provide to the contrary. A Series-Specific Event of Default (as defined in the related Supplement) for any Series shall apply solely with respect to such Series of Notes, unless the related Supplement for any
other Series of Notes shall specifically provide to the contrary. 
 Section 802. Acceleration of Stated Maturity; Rescission and
Annulment. 
 (a) Upon the occurrence of a Trust Event of Default of the type described in Section 801(i) or (ii) hereof, the
Unpaid Principal Balance of, and accrued interest on, all Series of Notes, together with all other amounts then due and owing to the Noteholders and each Interest Rate Hedge Provider, shall become immediately due and payable without further action
by any Person. 
 (b) If any other Trust Event of Default occurs and is continuing, then and in every such case the Indenture Trustee shall
at the direction of the Requisite Global Majority, declare the principal of and accrued interest on all Notes of all Series then Outstanding to be due and payable immediately, by written notice to the Issuer, and upon any such declaration such
principal and accrued interest shall become immediately due and payable. 
 (c) At any time after such a declaration of acceleration has
been made and before a judgment or decree for payment of the money due has been obtained by the Indenture Trustee as hereinafter provided in this Article, the Requisite Global Majority, in its sole discretion, by written notice to the Issuer and the
Indenture Trustee, may rescind and annul such declaration and its consequences if: 
 (i) the Issuer has paid or deposited
with the Indenture Trustee a sum sufficient to pay: 
 (A) all of the installments of interest and, if the Legal Final
Maturity Date has occurred with respect to any Series, principal of all Notes of such Series, in each case to the extent such amounts were overdue prior to the date of such acceleration; 

(B) to the extent that payment of such interest is lawful, interest at the Default Rate on the amounts set forth in clause
(A) above; 

  
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 (C) all unpaid Indenture Trustee Fees, indemnified amounts and sums paid or
advanced by the Indenture Trustee hereunder or by the Manager and the reasonable and documented compensation, out-of-pocket expenses, disbursements and advances of the Indenture Trustee, its agents and counsel incurred in connection with the
enforcement of this Indenture; and 
 (D) all payments due and payable under any Interest Rate Hedge Agreement, together
with interest thereon in accordance with the terms thereof; and 
 (ii) all Events of Default, other than the nonpayment of
the principal of or interest on Notes which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 813 hereof. 

No such rescission with respect to any Trust Event of Default shall affect any subsequent Trust Event of Default or impair any right
consequent thereon, nor shall any such rescission affect any Interest Rate Hedge Agreement which has been terminated in accordance with its terms. 

(d) For purposes of clarification only, the Noteholders of each Series shall have the right to accelerate the maturity of such Series of Notes
during the continuance of Series-Specific Event of Default for such Series, on the terms and conditions set forth in the related Supplement. 

Section 803. Collection of Indebtedness. 

The Issuer covenants that, if a Trust Event of Default occurs and is continuing and a declaration of acceleration has been made under
Section 802 and not rescinded, the Issuer will, upon demand of the Indenture Trustee, pay to the Indenture Trustee, for the benefit of the Noteholders of all Series then Outstanding and each Interest Rate Hedge Provider, an amount equal to the
sum of (i) the sum of (A) the whole amount then due and payable for all Series of Notes then Outstanding, (B) all amounts owing by the Issuer under any Interest Rate Hedge Agreement, and (C) such further amounts as shall be
required to pay in full all of the Outstanding Obligations, including in each case, the costs and out-of-pocket expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee the
Requisite Global Majority, their agents and counsel incurred in connection with the enforcement of this Indenture, and (ii) to the extent that the payment of such interest is lawful, interest on the amount set forth in clause (i) at the
applicable Overdue Rate with respect to the Notes and at the applicable default rate as set forth in the related Interest Rate Hedge Agreements or other Related Documents. 

Section 804. Remedies. 

(a) If a Trust Event of Default shall occur and be continuing, the Indenture Trustee by such officer or agent as it may appoint, shall notify
each Noteholder, each Administrative Agent and the applicable Rating Agencies of such Trust Event of Default and shall, if instructed by any of the Requisite Global Majority, do any of the following: 

(i) institute any Proceedings, in its own name and as trustee of an express trust, for the collection of all amounts then due
and payable on the Notes of all Series or under this Indenture or the related Supplement with respect thereto, whether by declaration or otherwise, enforce any judgment obtained, and collect from the Collateral and any other assets of the Issuer any
monies adjudged due; 

  
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 (ii) subject to the quiet enjoyment rights of any lessee of a Managed Container,
sell (including any sale made in accordance with Section 816 hereof), hold or lease the Collateral or any portion thereof or rights or interest therein, at one or more public or private transactions conducted in any manner permitted by law;

 (iii) institute any Proceedings from time to time for the complete or partial foreclosure of the Lien created by this
Indenture with respect to the Collateral; 
 (iv) institute such other appropriate Proceedings to protect and enforce any
other rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy; 

(v) exercise any remedies of a secured party under the UCC or any Applicable Law and take any other appropriate action to
protect and enforce the rights and remedies of the Indenture Trustee or the Noteholders hereunder; 
 (vi) appoint a receiver
or a manager over the Issuer or its assets; and 
 (vii) if a Trust Manager Default is then continuing, terminate the
Management Agreement in accordance with its terms. 
 (b) Notwithstanding the foregoing, in the event that Control Parties for one or more
Series of Notes consent to or direct a sale of Collateral (each such Series, a “Liquidating Series”) but the Requisite Global Majority does not consent to such sale of Collateral, a portion of the Terminated Managed Containers and
related Leases pledged as Collateral pursuant to this Indenture (selected as set forth in Section 804(c) below) may be sold (i) at the direction of the Control Party for such Liquidating Series, if the amount of net proceeds realized from
such sale will be sufficient to repay all principal, interest and other amounts owed to each Class of Notes that is the Control Party for each such Liquidating Series or (ii) at all times not covered by clause (i), at the direction of the
Noteholders of such Liquidating Series representing in aggregate more than 66 2/3% of the then Unpaid Principal Balance of the Notes of such Liquidating Series. The net proceeds of such sale of Terminated Managed Containers and Leases shall be
applied to the payment of the Notes of each Liquidating Series in accordance with the terms of the Supplement for such Liquidating Series. The value of the Terminated Managed Containers and Leases to be sold in respect of the Liquidating Series will
be equal to the sum, for each Liquidating Series, of the product of (i) the Asset Allocation Percentage of such Liquidating Series and (ii) the then Aggregate Net Book Value. If the proceeds of any partial sale of Collateral is not
sufficient to 

  
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repay in full the Unpaid Principal Balance of, and accrued interest on, the Notes of such Liquidating Series, the Notes of such Liquidating Series shall remain Outstanding and shall be entitled,
after payments are made to all non-Liquidating Series, to receive Shared Available Funds allocable to such Series in accordance with the terms of the Supplements of other Series of Notes then Outstanding. 

(c) The specific Terminated Managed Containers and Leases to be included in any partial sale of Collateral pursuant to Section 804(b)
above will be selected (i) by the Manager if no Trust Manager Default is then outstanding, or (ii) in all other instances, as set forth in the immediately succeeding sentence, in each case on a non-systematic basis such that Terminated
Managed Containers to be sold will be representative in term, age, type, and on-lease status as the pool of Terminated Managed Containers owned by the Issuer after giving effect to such partial sale. If a Trust Manager Default has occurred and is
continuing, a third-party consultant, accounting firm or other advisor will be hired by the Indenture Trustee (acting at the direction of the Requisite Global Majority) at the expense of the Issuer to conduct such selection process. 

(d) The Issuer or the Indenture Trustee may only sell all of the Terminated Managed Containers and related Leases if the Control Parties of
all outstanding Series shall consent to such sale. 
 (e) For purposes of clarification only, the Noteholders of each Series shall, during
the continuance of Series-Specific Event of Default for such Series, have the remedies set forth in the related Supplement. 
 (f) If the
Requisite Global Majority elects to sell all, or any portion, of the Collateral following the occurrence of an Event of Default, the Manager Transfer Facilitator shall use reasonable efforts to assist the Indenture Trustee in soliciting bids for
each such sale of the Collateral. 
 Section 805. Indenture Trustee May Enforce Claims Without Possession of Notes. 

(a) In all Proceedings brought by the Indenture Trustee (and also any Proceedings involving the interpretation of any provision of this
Indenture to which the Indenture Trustee shall be a party), the Indenture Trustee shall be held to represent all of the Noteholders, and it shall not be necessary to make any Noteholder a party to any such Proceedings. 

(b) All rights of action and claims under this Indenture, the related Supplement or any of the Notes may be prosecuted and enforced by the
Indenture Trustee without the possession of such Notes or the production thereof in any Proceeding relating thereto, and any such Proceeding instituted by the Indenture Trustee shall be brought in its own name as trustee of an express trust, and any
recovery whether by judgment, settlement or otherwise shall, after provision for the payment of the compensation, expenses, and disbursements incurred and advances made, by the Indenture Trustee, its agents and counsel, be for the ratable benefit of
the Holders of the Notes, subject to the subordination of payments among Classes of a particular Series as set forth in the related Supplement. 

  
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 Section 806. Allocation of Money Collected. If the Notes of all Series have been
declared due and payable following a Trust Event of Default and such declaration and its consequences have not been rescinded or annulled, any money collected by the Indenture Trustee pursuant to this Article or otherwise and any other monies that
may be held or thereafter received by the Indenture Trustee as security for such Notes shall be applied, to the extent permitted by law, in the following order, at the date or dates fixed by the Indenture Trustee: 

FIRST: To the payment of all amounts due the Indenture Trustee under Section 905 hereof; and 

SECOND: Any remaining amounts shall be distributed in accordance with Section 302(c) hereof. 

Section 807. Limitation on Suits. 

Except to the extent permitted under Section 802(b) hereof, no Noteholder shall have the right to institute any Proceeding, with respect
to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (i) such
Holder has previously given written notice to the Indenture Trustee and the Requisite Global Majority of a continuing Trust Event of Default; 

(ii) the Requisite Global Majority shall have made written request to the Indenture Trustee to institute Proceedings in respect
of such Trust Event of Default in its own name as Indenture Trustee hereunder; 
 (iii) such Holder or Holders have offered
to the Indenture Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request (the unsecured indemnity of a Rated Institutional Noteholder being deemed satisfactory for
such purpose); 
 (iv) the Indenture Trustee has, for thirty (30) days after its receipt by a Corporate Trust Officer of
such notice, request and offer of security or indemnity, failed to institute any such Proceeding; and 
 (v) no direction
inconsistent with such written request has been given to the Indenture Trustee during such thirty (30) day period by the Requisite Global Majority; 

it being understood and intended that no one or more Noteholders shall have any right in any manner whatsoever by virtue of, or by availing of, any provision
of this Indenture to affect, disturb or prejudice the rights of any other Noteholder, or to obtain or to seek to obtain priority or preference over any other Noteholder (except to the extent provided in the related Supplement) or to enforce any
right under this Indenture, except in the manner herein provided and for the benefit of all Noteholders. 

  
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 Section 808. Unconditional Right of Holders to Receive Principal, Interest and Commitment
Fees. 
 Notwithstanding any other provision of this Indenture, each Noteholder shall have the right, which is absolute and
unconditional, to receive payment of the principal of, and interest, commitment fees and premiums in respect of such Note as such principal, interest and commitment fees becomes due and payable in accordance with the provisions of this Indenture and
the related Supplement and to institute any Proceeding for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder. 

Section 809. Restoration of Rights and Remedies. 

If the Indenture Trustee or any Holder has instituted any Proceeding to enforce any right or remedy under this Indenture or the related
Supplement and such Proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Indenture Trustee or to such Holder, then and in every such case, subject to any determination in such Proceeding, the Issuer,
the Indenture Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Indenture Trustee and the Holders shall continue as though no such Proceeding had
been instituted. 
 Section 810. Rights and Remedies Cumulative. 

No right or remedy conferred upon or reserved to the Indenture Trustee, any Interest Rate Hedge Provider or to the Holders pursuant to this
Indenture or any Supplement is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 

Section 811. Delay or Omission Not Waiver. 

No delay or omission of the Indenture Trustee, any Interest Rate Hedge Provider or any Holder of any Note to exercise any right or remedy
accruing upon any Trust Event of Default shall impair any such right or remedy or constitute a waiver of any such Trust Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Indenture Trustee, any
Interest Rate Hedge Provider, or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee, by any Interest Rate Hedge Provider, or by the Holders, as the case may be. 

Section 812. Control by Requisite Global Majority. 

(a) Upon the occurrence of a Trust Event of Default, the Requisite Global Majority shall have the right to direct in writing the time, method
and place of conducting any Proceeding for any remedy available to the Indenture Trustee or exercising any trust or power conferred on the Indenture Trustee, provided that (i) such direction shall not be in conflict with any rule of law
or with this Indenture, including, without limitation, Section 804 hereof and (ii) the Indenture Trustee may take any other action deemed proper by the Indenture Trustee which is not inconsistent with such direction. 

  
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 (b) Notwithstanding the grant of a security interest to secure the Outstanding Obligations owing
to the Indenture Trustee, for the benefit of the Noteholders and each Interest Rate Hedge Provider, all rights to direct actions or to exercise rights or remedies under this Indenture or the UCC (including those set forth in Section 804 hereof)
shall be vested solely in the Requisite Global Majority and, by accepting the benefits of this Indenture, each Noteholder and Interest Rate Hedge Provider acknowledges such statement; provided, however, that nothing contained
herein shall constitute a modification of Section 808, Section 813(b) or Section 816(d) hereof. 
 Section 813.
Waiver of Past Defaults. 
 (a) The Requisite Global Majority may, on behalf of all Noteholders of all Series, waive any past Trust
Event of Default and its consequences, except a Trust Event of Default 
 (i) in the payment of (x) the principal
balance of any Note on the Legal Final Payment Date, or (y) interest on any Note of any Series on any Payment Date, all of which defaults can be waived solely by the affected Noteholder, or 

(ii) in respect of a covenant or provision hereof which cannot be modified or amended without the consent of all the
Noteholders of all Series pursuant to Section 1002 of this Indenture. 
 (b) Upon any such waiver, such Trust Event of Default shall
cease to exist and shall be deemed to have been cured and not to have occurred for every purpose of this Indenture; provided, however, that no such waiver shall extend to any subsequent or other Trust Event of Default or impair
any right consequent thereon nor affect any Interest Rate Hedge Agreement which has been terminated in accordance with its terms. 

Section 814. Undertaking for Costs. 

All parties to this Indenture agree, and each Holder of any Note by acceptance thereof shall be deemed to have agreed, that any court may in
its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Indenture Trustee for any action taken, suffered or omitted by it as Indenture Trustee, the filing by any party litigant
in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to
the merits and good faith of the claims or defenses made by such party litigant; provided, however, that the provisions of this Section shall not apply to any suit instituted by the Indenture Trustee or any Holder or group of
Holders, holding in the aggregate more than ten percent (10%) of the aggregate principal balance of the Notes of all Series then Outstanding, or (ii) to any suit instituted by any Holder for the enforcement of (x) the payment of
interest on any Notes on any Payment Date or (y) the payment of the principal of any Note on or after the Legal Final Payment Date of such Note. 

  
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 Section 815. Waiver of Stay or Extension Laws. 

The Issuer covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner
whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Issuer (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Indenture Trustee, but will suffer and permit the execution of
every such power as though no such law had been enacted. 
 Section 816. Sale of Collateral. 

(a) The power to effect any sale (a “Sale”) of any portion of the Collateral pursuant to Section 804 hereof shall not be
exhausted by any one or more Sales as to any portion of the Collateral remaining unsold, but shall continue unimpaired until the entire Collateral shall have been sold or the Aggregate Outstanding Obligations shall have been paid in full. The
Indenture Trustee at the written direction of the Requisite Global Majority may from time to time postpone any Sale by public announcement made at the time and place of such Sale. 

(b) Upon any Sale, whether made under the power of sale hereby given or under judgment, order or decree in any Proceeding for the foreclosure
or involving the enforcement of this Indenture: (i) the Indenture Trustee, at the written direction of the Requisite Global Majority, may bid for and purchase the property being sold, and upon compliance with the terms of such Sale may hold,
retain and possess and dispose of such property in accordance with the terms of this Indenture; and (ii) the receipt of the Indenture Trustee or of any officer thereof making such Sale shall be a sufficient discharge to the purchaser or
purchasers at such Sale for its or their purchase money, and such purchaser or purchasers, and its or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Indenture Trustee or of
such officer therefor, be obliged to see to the application of such purchase money or be in any way answerable for any loss, misappropriation or non-application thereof. 

(c) The Indenture Trustee shall execute and deliver an appropriate instrument of conveyance provided to it transferring its interest in any
portion of the Collateral in connection with a Sale thereof. In addition, the Indenture Trustee is hereby irrevocably appointed the agent and attorney-in-fact of the Issuer to transfer and convey its interest (subject to lessee’s rights of
quiet enjoyment) in any portion of the Collateral in connection with a Sale thereof, and to take all action necessary to effect such Sale. No purchaser or transferee at such a Sale shall be bound to ascertain the Indenture Trustee’s authority,
inquire into the satisfaction of any conditions precedent or see to the application of any monies. 
 (d) The right of the Indenture Trustee
to sell, transfer or otherwise convey any Interest Rate Hedge Agreement or any transaction outstanding thereunder, or to exercise foreclosure rights with respect thereto shall be subject to compliance with the provisions of the applicable Interest
Rate Hedge Agreement. 

  
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 (e) The Indenture Trustee shall provide prior written notice to the Issuer, each Administrative
Agent and to each Interest Rate Hedge Provider of any Sale of any portion of the Collateral under this Section 816. 

Section 817. Action on Notes. 

The Indenture Trustee’s right to seek and recover judgment on the Notes under this Indenture or any Supplement shall not be affected by
the seeking, obtaining or application of any other relief under or with respect to this Indenture or any Supplement. Neither the Lien of this Indenture nor any rights or remedies of the Indenture Trustee, any Interest Rate Hedge Provider or the
Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon any portion of the Collateral or upon any of the assets of the Issuer. 

  
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 ARTICLE IX 

CONCERNING THE INDENTURE TRUSTEE 

Section 901. Duties of Indenture Trustee. 

The Indenture Trustee, prior to the occurrence of an Event of Default or after the cure or waiver of any Event of Default which may have
occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and the related Supplement and no duties shall be inferred or implied. If an Event of Default has occurred and is continuing, the
Indenture Trustee, at the written direction of the Requisite Global Majority, shall exercise such of the rights and powers vested in it by this Indenture and the related Supplement, and use the same degree of care and skill in its exercise as a
prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 
 The Indenture Trustee,
upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee which are specifically required to be furnished pursuant to any provisions of this Indenture and
any applicable Supplement, shall determine whether they are substantially in the form required by this Indenture and any applicable Supplement; provided, however, that the Indenture Trustee shall not be responsible for the
accuracy or content of any such resolution, certificate, statement, opinion, report, document, order or other instrument furnished pursuant to this Indenture and any applicable Supplement. 

No provision of this Indenture or any Supplement shall be construed to relieve the Indenture Trustee from liability for its own negligent
action, its own negligent failure to act or its own willful misconduct; provided, however, that: 

(i) Prior to the occurrence of an Event of Default for any Series and after the cure or waiver of any such Event of Default
which may have occurred, the duties and obligations of the Indenture Trustee shall be determined solely by the express provisions of this Indenture and any Supplements issued pursuant to the terms hereof. The Indenture Trustee shall not be liable
except for the performance of such duties and obligations as are specifically set forth in this Indenture and any Supplements issued pursuant to the terms hereof, and no implied covenants or obligations shall be read into this Indenture against the
Indenture Trustee and, in the absence of bad faith on the part of the Indenture Trustee, the Indenture Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates,
statements, reports, documents, orders, opinions or other instruments (whether in their original or facsimile form) furnished to the Indenture Trustee and conforming to the requirements of this Indenture and any Supplements issued pursuant to the
terms hereof; 
 (ii) The Indenture Trustee shall not be liable for an error of judgment made in good faith by a Corporate
Trust Officer or Corporate Trust Officers, unless it shall be proved that the Indenture Trustee was negligent in ascertaining the pertinent facts; and 

  
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 (iii) The Indenture Trustee shall not be personally liable with respect to any
action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the Requisite Global Majority relating to the time, method and place of conducting any Proceeding for any remedy available to the Indenture
Trustee, or exercising any trust or power conferred upon the Indenture Trustee, under this Indenture. 
 No provision of this Indenture
shall require the Indenture Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for
believing that repayment of such funds or adequate security or indemnity against such risk or liability is not reasonably assured to it (the unsecured indemnity of a Rated Institutional Noteholder being deemed satisfactory for such purpose, unless
the Indenture Trustee provides prior written notice to the contrary). 
 Whether or not therein expressly so provided, every provision of
this Indenture relating to the conduct or affecting the liability of or affording protection to the Indenture Trustee shall be subject to the provisions of this Section 901. 

Section 902. Certain Matters Affecting the Indenture Trustee. 

Except as otherwise provided in Section 901 hereof: 

(i) The Indenture Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any
Opinion of Counsel, certificate of an officer of the Issuer or the Manager, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document
(whether in its original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(ii) The Indenture Trustee may consult with counsel of its selection and any advice or opinion of such counsel shall be full
and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance in reliance thereof; 

(iii) The Indenture Trustee shall be under no obligation to institute, conduct or defend any litigation or Proceeding hereunder
or in relation hereto at the request, order or direction of the Requisite Global Majority, pursuant to the provisions of this Indenture, unless the Indenture Trustee shall have reasonable grounds for believing that it has security or indemnity
reasonably satisfactory to it against the costs, expenses and liabilities which may be incurred therein or thereby (the unsecured indemnity of a Rated Institutional Noteholder being deemed satisfactory for such purpose, unless the Indenture Trustee
provides prior written notice to the contrary); 

  
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 (iv) The Indenture Trustee shall not be liable for any action taken, suffered or
omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 

(v) The Indenture Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing to do so by the Requisite Global Majority; provided, however, that the
Indenture Trustee may require reasonable security or indemnity satisfactory to it against any cost, expense or liability likely to be incurred in making such investigation as a condition to so proceeding (the unsecured indemnity of a Rated
Institutional Noteholder being deemed satisfactory for such purposes unless the Indenture Trustee provides prior written notice to the contrary) being deemed satisfactory for such purpose). The expense of any such examination shall be paid, on a
pro rata basis, by the Noteholders of the applicable Series requesting such examination or, if paid by the Indenture Trustee, shall be reimbursed by such Noteholders upon demand; 

(vi) The Indenture Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or
by or through its agents or attorneys, and the Indenture Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed by it with due care hereunder; 

(vii) The Indenture Trustee shall not be charged with knowledge of any Event of Default for any Series unless either a
Corporate Trust Officer shall have actual knowledge or written notice of such shall have been given to a Corporate Trust Officer of the Indenture Trustee; and 

(viii) The rights, privileges, protections, immunities and benefits given to the Indenture Trustee, including, without
limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Indenture Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to act hereunder. 

The provisions of this Section 902 shall be applicable to the Indenture Trustee in its capacity as Indenture Trustee under this
Indenture. 
 Section 903. Indenture Trustee Not Liable. 

(a) The recitals contained herein (other than the representations and warranties contained in Section 911 hereof), in any Supplement and
in the Notes (other than the certificate of authentication on the Notes) shall be taken as the statements of the Issuer, and the Indenture Trustee assumes no responsibility for their correctness. The Indenture Trustee makes no representations as to
the validity or sufficiency of this Indenture, any Supplement, the Notes, the Collateral or of any Related Document. The Indenture Trustee shall not be accountable for 

  
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(i) the use or application by the Issuer of the proceeds of any Series or Class of Notes, and (ii) the use or application of any funds paid to the Issuer or the Manager in respect of the
Collateral except for any payment in accordance with the Manager Report of amounts on deposit in any of the Trust Accounts. 
 (b) The
Indenture Trustee shall have no responsibility or liability for or with respect to the existence or validity of any Managed Container, the perfection of any security interest (whether as of the date hereof or at any future time), the maintenance of
or the taking of any action to maintain such perfection, the validity of the assignment of any portion of the Collateral to the Indenture Trustee or of any intervening assignment, the compliance by the Sellers or the Manager with any covenant or the
breach by the Sellers or the Manager of any warranty or representation made hereunder, in any Supplement or in any Related Document or the accuracy of such warranty or representation, any investment of monies in the Trust Account, the Excess Funding
Account, each Restricted Cash Account or any Series Account or any loss resulting therefrom (provided that such investments are made in accordance with the provisions of Section 303 hereof), or the acts or omissions of the Sellers or the
Manager taken in the name of the Indenture Trustee. 
 (c) The Indenture Trustee shall not have any obligation or liability under any
Contract by reason of or arising out of this Indenture or the granting of a security interest in such Contract hereunder or the receipt by the Indenture Trustee of any payment relating to any Contract pursuant hereto, nor shall the Indenture Trustee
be required or obligated in any manner to perform or fulfill any of the obligations of the Issuer, the Sellers or the Manager under or pursuant to any Contract, or to make any payment, or to make any inquiry as to the nature or the sufficiency of
any payment received by it, or the sufficiency of any performance by any party, under any Contract. 
 Section 904. Indenture
Trustee May Own Notes. 
 The Indenture Trustee in its individual or any other capacity may become the owner or pledgee of Notes with
the same rights it would have if it were not Indenture Trustee; provided that such transaction shall not result in the disqualification of the Indenture Trustee for purposes of Rule 3a-7 under the Investment Company Act of 1940. 

Section 905. Indenture Trustee Fees, Expenses and Indemnities. 

(a) The Indenture Trustee Fees shall be paid by the Issuer in accordance with Section 302 or Section 806 hereof and any Supplement;
provided, however, that the Indenture Trustee Fees of the Indenture Trustee payable pursuant to Section 302 or Section 806 hereof or any Supplement shall not exceed Forty Thousand Dollars ($40,000) (or, if an Event of Default has
occurred, Seventy-Five Thousand Dollars ($75,000)) annually for each Series of Notes then Outstanding at any time Wells Fargo Bank, National Association, is acting as Indenture Trustee. The Issuer shall indemnify the Indenture Trustee (and any
predecessor Indenture Trustee) and each of its officers, directors and employees for, and hold them harmless against, any and all loss, liability, damage claim or expense incurred without negligence or willful misconduct on their part, arising out
of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself both individually and in its representative capacity against any claim or liability in connection with the exercise or
performance of any of its powers or duties hereunder (the “Indenture Trustee Indemnified Amounts”). 

  
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 (b) The obligations of the Issuer under this Section 905 to compensate the Indenture
Trustee, to pay or reimburse the Indenture Trustee for expenses, disbursements and advances and to indemnify and hold harmless the Indenture Trustee, shall constitute Outstanding Obligations hereunder and shall survive the resignation or removal of
the Indenture Trustee and the satisfaction and discharge of this Indenture. 
 (c) When the Indenture Trustee incurs expenses or renders
services in connection with a Trust Event of Default specified in Section 801(i) or (ii), the expenses and the compensation for the services are intended to constitute expenses of administration under Insolvency Law. 

Section 906. Eligibility Requirements for Indenture Trustee. 

The Indenture Trustee hereunder shall at all times be a national banking association or a corporation, organized and doing business under the
laws of the United States of America or any State, and authorized under such laws to exercise corporate trust powers. In addition, the Indenture Trustee or its parent corporation shall at all times (i) have a combined capital and surplus of at
least Two Hundred Fifty Million Dollars ($250,000,000), (ii) be subject to supervision or examination by Federal or state authority and (iii) have a long-term unsecured senior debt rating of “A2” or better by Moody’s and a
long-term unsecured senior debt rating of “A” by Standard & Poor’s and short-term unsecured senior debt rating of “P-1” or better by Moody’s and a short-term unsecured senior debt rating of “A-2” by
Standard & Poor’s. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of such supervising or examining authority, then, for the purposes of this Section 906, the combined
capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Indenture Trustee shall cease to be eligible in accordance with
the provisions of this Section, the Indenture Trustee shall resign immediately in the manner and with the effect specified in Section 907 hereof. 

Section 907. Resignation and Removal of Indenture Trustee. 

The Indenture Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Issuer,
the Manager, each Interest Rate Hedge Provider and the Noteholders. Upon receiving such notice of resignation, the Issuer at the direction and subject to the consent of the Requisite Global Majority shall promptly appoint a successor Indenture
Trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Indenture Trustee, each Interest Rate Hedge Provider and one copy to the successor Indenture Trustee. If no successor Indenture Trustee
shall have been so appointed by the Issuer or the proposed successor Indenture Trustee has not accepted its appointment within thirty (30) days after the giving of such notice of resignation or removal, the Requisite Global Majority may appoint
a successor trustee or, if it does not do so within thirty (30) days thereafter, the resigning Indenture Trustee, with the consent of the Requisite Global Majority, may petition at the expense of the Issuer any court of competent jurisdiction
for the appointment of a successor Indenture Trustee, which successor trustee shall meet the eligibility standards set forth in Section 906. 

  
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 If at any time the Indenture Trustee shall cease to be eligible in accordance with the provisions
of Section 906 hereof and shall fail to resign after written request therefor by the Issuer at the direction of the Requisite Global Majority, or if at any time the Indenture Trustee shall become incapable of acting, or shall be adjudged
bankrupt or insolvent, or a receiver of the Indenture Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Indenture Trustee or of its property or affairs for the purpose of rehabilitation,
conservation or liquidation, then the Issuer at the direction of the Requisite Global Majority shall remove the Indenture Trustee and appoint a successor Indenture Trustee by written instrument, in duplicate, one copy of which instrument shall be
delivered to the Indenture Trustee so removed and one copy to the successor Indenture Trustee. 
 Any resignation or removal of the
Indenture Trustee and appointment of a successor Indenture Trustee pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor Indenture Trustee as provided in Section 908 hereof.

 Section 908. Successor Indenture Trustee. 

Any successor Indenture Trustee appointed as provided in Section 907 hereof shall execute, acknowledge and deliver to the Issuer and to
its predecessor Indenture Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Indenture Trustee shall become effective and such successor Indenture Trustee, without any further act,
deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as Indenture Trustee herein. The predecessor Indenture Trustee shall deliver to
the successor Indenture Trustee all documents relating to the Collateral, if any, delivered to it, together with any amount remaining in the Trust Account, the Excess Funding Account, each Restricted Cash Account and any other Series Accounts. In
addition, the predecessor Indenture Trustee and, upon request of the successor Indenture Trustee, the Issuer shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and
confirming in the successor Indenture Trustee all such rights, powers, duties and obligations. 
 No successor Indenture Trustee shall
accept appointment as provided in this Section unless at the time of such acceptance such successor Indenture Trustee shall be eligible under the provisions of Section 906 hereof and shall be acceptable to the Requisite Global Majority. 

Upon acceptance of appointment by a successor Indenture Trustee as provided in this Section, the Issuer shall mail notice of the succession of
such Indenture Trustee hereunder to all Noteholders at their addresses as shown in the registration books maintained by the Indenture Trustee and to each Interest Rate Hedge Provider. If the Issuer fails to mail such notice within ten (10) days
after acceptance of appointment by the successor Indenture Trustee, the successor Indenture Trustee shall cause such notice to be mailed at the expense of the Issuer. 

  
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 Section 909. Merger or Consolidation of Indenture Trustee. 

Any corporation into which the Indenture Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to all or substantially all of the business of the Indenture Trustee, shall be the successor of the Indenture Trustee
hereunder, provided such corporation shall be eligible under the provisions of Section 906 hereof, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding. 
 Section 910. Separate Indenture Trustees, Co-Indenture Trustees and Custodians. 

If the Indenture Trustee is not capable of acting outside the United States or of exercising trust powers within the United States, it shall
have the power from time to time to appoint (subject to the prior approval of the Requisite Global Majority) one or more Persons or corporations to act either as co-trustees jointly with the Indenture Trustee, or as separate trustees, or as
custodians, for the purpose of holding title to, foreclosing or otherwise taking action with respect to any of the Collateral, when such separate trustee or co-trustee is necessary or advisable under any Applicable Laws or for the purpose of
otherwise conforming to any legal requirement, restriction or condition in any applicable jurisdiction. The separate trustees, co-trustees, or custodians so appointed shall be trustees, co-trustees, or custodians for the benefit of all Noteholders
and shall have such powers, rights and remedies as shall be specified in the instrument of appointment; provided, however, that no such appointment shall, or shall be deemed to, constitute the appointee an agent of the Indenture
Trustee. The Issuer shall join in any such appointment, but such joining shall not be necessary for the effectiveness of such appointment. 

Every separate trustee, co-trustee and custodian shall, to the extent permitted by law, be appointed and act subject to the following
provisions and conditions: 
 (i) all powers, duties, obligations and rights conferred upon the Indenture Trustee in respect
of the receipt, custody and payment of moneys shall be exercised solely by the Indenture Trustee; 
 (ii) all other rights,
powers, duties and obligations conferred or imposed upon the Indenture Trustee shall be conferred or imposed upon and exercised or performed by the Indenture Trustee and such separate trustee, co-trustee, or custodian jointly, except to the extent
that under any law of any jurisdiction in which any particular act or acts are to be performed the Indenture Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations
(including the holding of title to the Collateral or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee, co-trustee or custodian; 

  
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 (iii) the Indenture Trustee shall not be personally liable for any act or
omission of any separate trustee, co-trustee or custodian appointed by the Indenture Trustee; and 
 (iv) the Issuer or the
Indenture Trustee may at any time accept the resignation of or remove any separate trustee, co-trustee or custodian so appointed by it or them if such resignation or removal does not violate the other terms of this Indenture. 

Any notice, request or other writing given to the Indenture Trustee shall be deemed to have been given to each of the then separate trustees
and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee, co-trustee, or custodian shall refer to this Indenture and the conditions of this Article. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Indenture Trustee or separately, as may be provided therein, subject to all the provisions of this
Indenture, specifically including every provision of this Indenture relating to the conduct of, affecting the liability of, or affording protection to, the Indenture Trustee. Every such instrument shall be furnished to the Indenture Trustee and each
Interest Rate Hedge Provider. 
 Any separate trustee, co-trustees, or custodian may, at any time, constitute the Indenture Trustee, its
agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Indenture on its behalf and in its name. If any separate trustee, co-trustee, or custodian shall die,
become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Indenture Trustee, to the extent permitted by law, without the appointment of a new or successor
trustee or custodian. 
 No separate trustee, co-trustee or custodian hereunder shall be required to meet the terms of eligibility as a
successor Indenture Trustee under Section 906 hereof and no notice to Noteholders of the appointment thereof shall be required under Section 908 hereof. 

The Indenture Trustee agrees to instruct the co-trustees, if any, to the extent necessary to fulfill the Indenture Trustee’s obligations
hereunder. 
 Section 911. Representations and Warranties. 

The Indenture Trustee hereby represents and warrants as of each Series Issuance Date that: 

(a) Organization and Good Standing. The Indenture Trustee is a national banking association duly organized, validly existing and in
good standing under the laws of the United States, and has the power to own its assets and to transact the business in which it is presently engaged; 

(b) Authorization. The Indenture Trustee has the power, authority and legal right to execute, deliver and perform this Indenture and
each Supplement and to authenticate the Notes, and the execution, delivery and performance of this Indenture and each Supplement and the authentication of the Notes has been duly authorized by the Indenture Trustee by all necessary corporate action;

  
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 (c) Binding Obligations. This Indenture and each Supplement, assuming due authorization,
execution and delivery by the Issuer, constitutes the legal, valid and binding obligations of the Indenture Trustee, enforceable against the Indenture Trustee in accordance with its terms, except that (i) such enforcement may be subject to
bankruptcy, insolvency, reorganization, moratorium or other similar laws (whether statutory, regulatory or decisional) now or hereafter in effect relating to creditors’ rights generally and the rights of trust companies in particular and
(ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to certain equitable defenses and to the discretion of the court before which any Proceeding therefor may be brought, whether in a
Proceeding at law or in equity; 
 (d) No Violation. The performance by the Indenture Trustee of its obligations under this Indenture
and each Supplement will not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice, lapse of time or both) a default under, the charter documents or bylaws of the Indenture Trustee; 

(e) No Proceedings. There are no Proceedings or investigations to which the Indenture Trustee is a party pending, or, to the best of
its knowledge without independent investigation, threatened, before any court, regulatory body, administrative agency or other tribunal or Governmental Authority (A) asserting the invalidity of this Indenture or the Notes, (B) seeking to
prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Indenture or (C) seeking any determination or ruling that would materially and adversely affect the performance by the Indenture Trustee of
its obligations under, or the validity or enforceability of, this Indenture or the Notes; and 
 (f) Approvals. Neither the execution
or delivery by the Indenture Trustee of this Indenture nor the consummation of the transactions by the Indenture Trustee contemplated hereby requires the consent or approval of, the giving of notice to, the registration with or the taking of any
other action with respect to any Governmental Authority under any existing federal or State of Minnesota law governing the banking or trust powers of the Indenture Trustee. 

Section 912. Indenture Trustee Offices. 

The Indenture Trustee shall maintain in the State of Minnesota an office or offices or agency or agencies where Notes may be surrendered for
registration of transfer or exchange, which office is currently located at Sixth Street and Marquette Avenue, MAC N9311-161, Minneapolis, MN 55479, and shall promptly notify the Issuer, the Manager, each Interest Rate Hedge Provider and the
Noteholders of any change of such location. 
 Section 913. Notice of Trust Event of Default. 

If a Corporate Trust Officer shall have actual knowledge that a Trust Event of Default with respect to any Series has occurred and be
continuing, the Indenture Trustee shall promptly (but in any event within five (5) Business Days) give written notice thereof to the Noteholders and each Interest Rate Hedge Provider of such Series. For all purposes of this

  
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Indenture, in the absence of actual knowledge by a Corporate Trust Officer, the Indenture Trustee shall not be deemed to have actual knowledge of any Trust Event of Default unless notified in
writing thereof by the Issuer, any Seller, the Manager, any Interest Rate Hedge Provider or any Noteholder, and such notice references the applicable Series of Notes generally, the Issuer, this Indenture or the applicable Supplement. 

  
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 ARTICLE X 

SUPPLEMENTAL INDENTURES 

Section 1001. Supplemental Indentures Not Creating a New Series Without Consent of Holders. 

(a) Without the consent of any Holder and based on an Opinion of Counsel in form and substance reasonably acceptable to the Indenture Trustee
to the effect that such Supplement is for one of the purposes set forth in clauses (i) through (vii) below, the Issuer and the Indenture Trustee, at any time and from time to time, may enter into one or more Supplements in form
satisfactory to the Indenture Trustee, for any of the following purposes: 
 (i) to add to the covenants of the Issuer in
this Indenture for the benefit of the Holders of all Series then Outstanding, or to surrender any right or power conferred upon the Issuer in this Indenture; 

(ii) to cure any ambiguity, to correct or supplement any provision in this Indenture which may be inconsistent with any other
provision in this Indenture, or to make any other provisions with respect to matters or questions arising under this Indenture; 

(iii) to correct or amplify the description of any property at any time subject to the Lien of this Indenture, or better to
assure, convey and confirm unto the Indenture Trustee any property subject or required to be subjected to the Lien of this Indenture, or to subject additional property to the Lien of this Indenture; 

(iv) to add to the conditions, limitations and restrictions on the authorized amount, terms and purposes of issue,
authentication and delivery of the Notes, as herein set forth, or additional conditions, limitations and restrictions thereafter to be observed by the Issuer; 

(v) to convey, transfer, assign, mortgage or pledge any additional property to or with the Indenture Trustee; 

(vi) to evidence the succession of the Indenture Trustee pursuant to Article IX; or 

(vii) to add any additional Trust Early Amortization Events or Trust Events of Default. 

(b) Promptly after the execution by the Issuer and the Indenture Trustee of any Supplement pursuant to this Section, the Issuer shall mail to
the Holders of all Notes then Outstanding, a notice setting forth in general terms the substance of such Supplement, together with a copy of such Supplement. Any failure of the Issuer to mail any such notice, or any defect therein, shall not,
however, in any way impair or affect the validity of any such Supplement. 

  
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 Section 1002. Supplemental Indentures Not Creating a New Series with Consent of
Holders. 
 (a) With the consent of the Requisite Global Majority, the Issuer and the Indenture Trustee may enter into a Supplement
hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner the rights of the Holders under this Indenture (other than any such additions, changes,
eliminations or modifications described in Section 1001); provided, however, that no such Supplement shall, without the consent of the Holder of each Outstanding Note affected thereby: 

(i) reduce the principal amount of any Note or the rate of interest thereon, change the priority of any such payments (other
than to increase the priority thereof) required pursuant to this Indenture or any Supplement in a manner adverse to any Noteholder, or the date on which, or the amount of which, or the place of payment where, or the coin or currency in which, any
Note or the interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Expected Final Payment Date thereof, 

(ii) reduce the percentage of Outstanding Notes or Existing Commitments required for (a) the consent of any Supplement to
this Indenture, (b) the consent required for any waiver of compliance with certain provisions of this Indenture or certain Events of Default hereunder and their consequences as provided for in this Indenture or (c) the consent required to
waive any payment default on the Notes; 
 (iii) modify any provision of this Indenture or any Supplement which specifies
that such provision cannot be modified or waived without the consent of the Holder of each Outstanding Note affected thereby; 

(iv) modify or alter the definition of the terms “Outstanding”, “Requisite Global Majority”, “Existing
Commitment” or “Initial Commitment”; 
 (v) impair or adversely affect the Collateral in any material respect
as a whole except as otherwise permitted herein; 
 (vi) modify or alter Section 702(a) of this Indenture; or 

(vii) permit the creation of any Lien ranking prior to or on a parity with the Lien of this Indenture with respect to any part
of the Collateral or terminate the Lien of this Indenture on any property at any time subject hereto or deprive the Holder of any Note of the security afforded by the Lien of this Indenture. 

Prior to the execution of any Supplement issued pursuant to this Section 1002, the Issuer shall provide written notice to each Rating Agency setting
forth in general terms the substance of any such Supplement or the proposed form of such Supplement. 

  
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 (b) Promptly after the execution by the Issuer and the Indenture Trustee of any Supplement
pursuant to this Section, the Issuer shall mail to the Holders of the Notes related to such Series, a notice setting forth in general terms the substance of such Supplement, together with a copy of such Supplement. Any failure of the Issuer to mail
such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such Supplement. 

Section 1003. Execution of Supplemental Indentures. 

In executing, or accepting the additional trusts created by, a Supplement permitted by this Article or the modification thereby of the trusts
created by this Indenture, the Indenture Trustee shall be entitled to receive, and shall be fully protected in relying upon, an Opinion of Counsel stating that the execution of such Supplement is authorized or permitted by this Indenture. The
Indenture Trustee may, but shall not be obligated to, enter into any such Supplement which affects the Indenture Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

Section 1004. Effect of Supplemental Indentures. 

Upon the execution of any Supplement under this Article, this Indenture shall be modified in accordance therewith, and such Supplement shall
form a part of this Indenture for all purposes, and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby. 

Section 1005. Reference in Notes to Supplemental Indentures. 

Notes authenticated and delivered after the execution of any Supplement pursuant to this Article may, and shall if required by the Issuer,
bear a notation in form approved by the Indenture Trustee as to any matter provided for in such Supplement. If the Issuer shall so determine, new Notes so modified as to conform, in the opinion of the Indenture Trustee, may be prepared and executed
by the Issuer and authenticated and delivered by the Indenture Trustee in exchange for Outstanding Notes. 
 Section 1006. Issuance
of Series of Notes. 
 (a) The Issuer may from time to time issue one or more Series of Notes pursuant to the terms of this Indenture as
long as (i) the Rating Agency Condition shall have been satisfied with respect to the issuance of such Series, (ii) no Trust Event of Default or Trust Early Amortization Event, or event or condition which with the passage of time or giving
of notice or both would become a Trust Event of Default or Trust Early Amortization Event is then continuing (nor would occur as a result of the issuance of such additional Series) and (iii) all of the applicable conditions set forth in
Section 1006(b) hereof have been satisfied. Each additional Series will be issued pursuant to a Supplement to this Indenture, which will specify the Principal Terms of such Series. 

(b) The terms of such Supplement may modify or amend the terms of this Indenture solely as applied to such Series. The obligation of the
Indenture Trustee to authenticate, execute and deliver the Notes of such Series and to execute and deliver the related Supplement is subject to the satisfaction of the following conditions: 

(i) on or before the fifth (5th) Business Day immediately preceding
the Series Issuance Date (unless the parties to be notified agree to a shorter notice period), the Issuer shall have given the Indenture Trustee, the Manager and each Interest Rate Hedge Provider pursuant to the relevant Supplement notice of the
Series and the Series Issuance Date; provided, however, that the Issuer shall not be required to give the foregoing notice with respect to the Series of Notes issued on the date hereof; 

  
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 (ii) the Issuer shall have delivered to the Indenture Trustee the related
Supplement, in form satisfactory to the Indenture Trustee, executed by each party hereto other than the Indenture Trustee; 

(iii) the Rating Agency Condition shall have been satisfied with respect to the issuance of such Series of Notes; 

(iv) the Issuer shall have delivered to the Indenture Trustee and, if required, any Noteholder, any Opinions of Counsel
required by the related Supplement, including without limitation with respect to true sale, enforceability, non-consolidation and security interest perfection issues; 

(v) the Issuer shall have delivered to the Indenture Trustee an Officer’s Certificate stating that no Early Amortization
Event, Event of Default or event or condition which with the passage of time or giving of notice or both would become a Early Amortization Event or an Event of Default has occurred and is then continuing (or would result from the issuance of such
additional Series); 
 (vi) written confirmation from an officer of the Manager that after giving effect to such proposed
issuance, no Asset Base Deficiency will exist, as evidenced by the Asset Base Report most recently received by the Indenture Trustee (but not earlier than the preceding Payment Date); provided, however, that no such written
confirmation will be required in connection with the Series of Notes issued on the date hereof and the Supplement dated as of the date hereof; 

(vii) such other conditions as shall be specified in the related Supplement; and 

(viii) the Issuer shall have delivered to the Indenture Trustee an Officer’s Certificate that all of the conditions
specified in clauses (i) through (vii) have been satisfied. 
 Upon satisfaction of the above conditions, the Indenture Trustee shall execute the
Supplement and authenticate, execute and deliver the Notes of such Series. 

  
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 ARTICLE XI 

HOLDERS LISTS 

Section 1101. Indenture Trustee to Furnish Names and Addresses of Holders. Unless otherwise provided in the related Supplement,
the Indenture Trustee will furnish or cause to be furnished to the Manager not more than ten (10) days after receipt of a request, a list, in such form as the Indenture Trustee generally maintains, of the names, addresses and tax identification
numbers of the Holders of Notes as of such date. 
 Section 1102. Preservation of Information; Communications to Holders. The
Indenture Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Indenture Trustee as provided in Section 1101 and the names and addresses
of Holders received by the Indenture Trustee in its capacity as Note Registrar. The Indenture Trustee may destroy any list furnished to it as provided in Section 1101 upon receipt of a new list so furnished. 

  
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 ARTICLE XII 

TRUST EARLY AMORTIZATION EVENT 

Section 1201. Trust Early Amortization Event. 

As of any date of determination, the existence of any one of the following events or conditions: 

(1) A Trust Event of Default shall have occurred and then be continuing; 

(2) A Trust Manager Default shall have occurred and then be continuing; 

(3) If on any Payment Date an Asset Base Deficiency shall have occurred, and such condition remains unremedied for a period of
thirty (30) consecutive days without having been cured; 
 (4) The amount in the Excess Funding Account relied upon in
order to prevent an Asset Base Deficiency exceeds fifty percent (50%) of the Aggregate Net Book Value. 
 Promptly following any
occurrence of a Trust Early Amortization Event, the Issuer shall notify the Indenture Trustee, each Administrative Agent and each Interest Rate Hedge Provider thereof. 

If a Trust Early Amortization Event exists on any Payment Date, then such Trust Early Amortization Event shall be deemed to continue until the
Business Day on which the Requisite Global Majority waives, in writing, such Trust Early Amortization Event. The Indenture Trustee shall promptly provide notice of any such waiver to each Rating Agency (if applicable). 

Section 1202. Remedies. Upon the occurrence of a Trust Early Amortization Event, the Indenture Trustee shall have, in addition to
the rights provided in the Related Documents, all rights and remedies provided under all Applicable Laws. 

  
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 ARTICLE XIII 

MISCELLANEOUS PROVISIONS 

Section 1301. Compliance Certificates and Opinions. 

(a) Upon any application or request by the Issuer to the Indenture Trustee to take any action under any provision of this Indenture or any
Supplement, the Issuer shall furnish to the Indenture Trustee a certificate stating that all conditions precedent, if any, provided for in this Indenture and any relevant Supplement relating to the proposed action have been complied with and, if
deemed reasonably necessary by the Indenture Trustee or if required pursuant to the terms of this Indenture, an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied with, except
that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or request, no additional certificate or opinion
need be furnished. 
 (b) Every certificate or opinion with respect to compliance with a condition or covenant provided for in this
Indenture shall include: 
 (i) a statement that each individual signing such certificate or opinion has read such covenant
or condition and the definitions herein relating thereto; 
 (ii) a brief statement as to the nature and scope of the
examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(iii) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether such covenant or condition has been complied with; and 
 (iv) a
statement as to whether, in the opinion of each such individual, such condition or covenant has been complied with. 
 Section 1302.
Form of Documents Delivered to Indenture Trustee. 
 (a) In any case where several matters are required to be certified by, or
covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may
certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

(b) Any certificate or opinion may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by,
counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. 

 (c) Where any Person is required to make, give or execute two or more applications, requests,
consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Section 1303. Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture or any Supplement to be
given or taken by Holders may be (i) embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by an agent duly appointed in writing, (ii) evidenced by the written consent or
direction of Holders of the specified percentage of the principal amount of the Notes, or (iii) evidenced by a combination of such instrument or instruments; and, except as herein otherwise expressly provided, such action shall become effective
when such instrument or instruments and record are delivered to the Indenture Trustee and, where it is hereby expressly required, to the Issuer. Proof of execution of any such instrument or of a writing appointing any such agent shall be sufficient
for any purpose of this Indenture and conclusive in favor of the Indenture Trustee and the Issuer, if made in the manner provided in this Section. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution
is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of
the Person executing the same, may also be proved in any other manner which the Indenture Trustee deems sufficient. 
 (c) The ownership of
Notes shall be proved by the Note Register. 
 (d) Any request, demand, authorization, direction, notice, consent, waiver or other Act of
the Holder of any Note shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be
done by the Indenture Trustee or the Issuer in reliance thereon, whether or not notation of such action is made upon such Note. 

Section 1304. Inspection. 

(a) Upon reasonable request, the Issuer agrees that it shall make available to any representative of the Indenture Trustee, any Interest Rate
Hedge Provider and any Holder of a Note and their duly authorized representatives, attorneys or accountants, for inspection and copying its books of account, records and reports relating to the Managed Containers and copies of all Leases or other
documents relating thereto, all in the format which the Manager uses for its own operations. Such inspections shall be conducted during normal business hours and shall not unreasonably disrupt the business of the Manager. The Indenture Trustee, each
Interest Rate Hedge Provider and each Noteholder shall, and shall cause their respective representatives to, hold in confidence all such information except to the extent disclosure may be required by law

 
(and all reasonable applications for confidential treatment are unavailing); provided that, if no Trust Event of Default shall have occurred and then be continuing, the Issuer shall not be
required to provide such access to any such Person more than once per calendar year. Each Noteholder, each Interest Rate Hedge Provider, each Holder of a Note and the Indenture Trustee agrees that it and its Affiliates and their respective
shareholders, directors, agents, representatives, accountants and attorneys shall keep confidential any matter of which any of them becomes aware through such inspections or discussions (unless readily available from public sources), except as may
be otherwise required by regulation, law or court order or required by appropriate Governmental Authorities (and all reasonable applications for confidential treatment are unavailing) or as necessary to preserve their rights or security under or to
enforce the Related Documents, provided that the foregoing shall not limit the right of any Interest Rate Hedge Provider to make such information available to its regulators, securities rating agencies, reinsurers and credit and liquidity
providers whom such Interest Rate Hedge Provider, as the case may be, reasonably believes will respect the confidential nature of such information. Any expense incident to the reasonable exercise by the Indenture Trustee, any Interest Rate Hedge
Provider or any Noteholder of any right under this Section shall be borne by the Person exercising such right unless an Event of Default shall have occurred and then be continuing in which case such expenses shall be borne by the Issuer. 

(b) The Issuer also agrees (i) to make available a Managing Officer on a reasonable basis to the Indenture Trustee, each Administrative
Agent, each Interest Rate Hedge Provider, any Noteholder or any Prospective Owner of a Note for the purpose of answering reasonable questions respecting recent developments affecting the Issuer and (ii) to allow the Indenture Trustee, each
Administrative Agent, Interest Rate Hedge Provider or any Prospective Owner of a Note to inspect the Manager’s facilities during normal business hours. 

Section 1305. Limitation of Rights. 

Except as expressly set forth in this Indenture, this Indenture shall be binding upon the Issuer, the Noteholders and their respective
successors and permitted assigns and shall not inure to the benefit of any Person other than the parties hereto, the Noteholders and the Manager as provided herein. Notwithstanding the previous sentence, the parties hereto acknowledge that each
Interest Rate Hedge Provider is an express third party beneficiary hereof entitled to enforce its rights hereunder as if actually a party hereto. 

Section 1306. Severability. 

If any provision of this Indenture is held to be in conflict with any applicable statute or rule of law or is otherwise held to be
unenforceable for any reason whatsoever, such circumstances shall not have the effect of rendering the provision in question inoperative or unenforceable in any other case or circumstance, or of rendering any other provision or provisions herein
contained invalid, inoperative, or unenforceable to any extent whatsoever. 
 The invalidity of any one or more phrases, sentences, clauses
or Sections of this Indenture, shall not affect the remaining portions of this Indenture, or any part thereof. 

 Section 1307. Notices. 

All demands, notices and communications hereunder shall be in writing, personally delivered, or by facsimile (with subsequent telephone
confirmation of receipt thereof), or sent by internationally recognized overnight courier service, (a) in the case of the Indenture Trustee, at the following address: Sixth Street and Marquette Avenue, MAC N9311-161, Minneapolis, Minnesota
55479, Attention: Corporate Trust Services/Asset-Backed Administration (b) in the case of the Issuer, at the following address: Century House, 16 Par-la-Ville Road, Hamilton HM HX, Bermuda, Telephone: (441) 292-2487, Facsimile:
(441) 2954164, Attention: Senior Vice President - Asset Management, with a copy to each: (i) Textainer Equipment Management Limited at its address at Century House, 16 Par-la-Ville Road, Hamilton HM HX, Bermuda, Telephone:
(441) 292-2487, Facsimile: (441) 295-4164, Attention: Senior Vice President - Asset Management, and (ii) Textainer Equipment Management (U.S.) Limited at its address at 650 California Street, 16th floor, San Francisco, CA 94108,
Telephone: (415) 658-8363, Facsimile: (415) 434-0599, Attention: Senior Vice President - Asset Management, and (c) in the case of an Interest Rate Hedge Provider, at its address set forth in the related Interest Rate Hedge Agreement,
or at such other address as shall be designated by such party in a written notice to the other parties. Any notice required or permitted to be given to a Noteholder shall be given by certified first class mail, postage prepaid (return receipt
requested), or by courier, or by facsimile, with subsequent telephone confirmation of receipt thereof, in each case at the address of such Holder as shown in the Note Register or to the telephone and fax number furnished by such Noteholder. 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. 
 Section 1308. Consent to Jurisdiction. 

ANY LEGAL SUIT, ACTION OR PROCEEDING AGAINST THE ISSUER ARISING OUT OF OR RELATING TO THIS INDENTURE, 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 THE ISSUER 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 INDENTURE, THE ISSUER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. THE ISSUER HEREBY IRREVOCABLY APPOINTS AND DESIGNATES NATIONAL CORPORATE RESEARCH LTD.,
HAVING AN ADDRESS AT 10 E. 40TH STREET, 10TH FLOOR, NEW YORK, NY 10016, ITS TRUE AND LAWFUL ATTORNEY-IN-FACT AND DULY AUTHORIZED AGENT FOR THE LIMITED PURPOSE OF ACCEPTING SERVICING OF LEGAL PROCESS AND THE ISSUER AGREES THAT SERVICE OF PROCESS UPON
SUCH PARTY SHALL CONSTITUTE PERSONAL SERVICE OF SUCH PROCESS ON SUCH PERSON. THE ISSUER SHALL MAINTAIN THE DESIGNATION AND APPOINTMENT OF SUCH AUTHORIZED AGENT UNTIL ALL AMOUNTS PAYABLE UNDER THIS INDENTURE SHALL HAVE BEEN PAID IN FULL. IF SUCH
AGENT SHALL CEASE TO SO ACT, THE ISSUER SHALL IMMEDIATELY DESIGNATE AND APPOINT ANOTHER SUCH AGENT SATISFACTORY TO THE INDENTURE TRUSTEE AND SHALL PROMPTLY DELIVER TO THE INDENTURE TRUSTEE EVIDENCE IN WRITING OF SUCH OTHER AGENT’S ACCEPTANCE OF
SUCH APPOINTMENT. 

 Section 1309. Captions. 

The captions or headings in this Indenture are for convenience only and in no way define, limit or describe the scope or intent of any
provisions or sections of this Indenture. 
 Section 1310. Governing Law. 

THIS INDENTURE SHALL BE GOVERNED BY AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK INCLUDING SECTION 5-1401 AND SECTION
5-1402 OF NEW YORK GENERAL OBLIGATIONS LAW, BUT WITHOUT GIVING EFFECT TO ANY OTHER PRINCIPLES OF CONFLICTS OF LAW, AND THE RIGHTS, OBLIGATIONS AND REMEDIES OF THE PARTIES HERETO SHALL BE DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
 Section 1311. No Petition. 

The Indenture Trustee, on its own behalf, hereby covenants and agrees, and each Noteholder by its acquisition of a Note shall be deemed to
covenant and agree, that it will not institute against the Issuer any bankruptcy, reorganization, arrangement insolvency or liquidation Proceedings, or other Proceedings under any federal or state bankruptcy or similar law, at any time other than on
a date which is at least one (1) year and one (1) day after the last date on which any Note of any Series was Outstanding. 

Section 1312. General Interpretive Principles. 

For purposes of this Indenture except as otherwise expressly provided or unless the context otherwise requires: 

(a) the defined terms in this Indenture shall include the plural as well as the singular, and the use of any gender herein shall be deemed to
include any other gender; 
 (b) accounting terms not otherwise defined herein have the meanings assigned to them in accordance with
generally accepted accounting principles as in effect on the date hereof; 
 (c) references herein to “Articles”,
“Sections”, “Subsections”, “paragraphs”, and other subdivisions without reference to a document are to designated Articles, Sections, Subsections, paragraphs and other subdivisions of this Indenture; 

(d) a reference to a Subsection without further reference to a Section is a reference to such Subsection as contained in the same Section in
which the reference appears, and this rule shall also apply to paragraphs and other subdivisions; 

 (e) the words “herein”, “hereof’, “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular provision; 
 (f) the term “include” or
“including” shall mean without limitation by reason of enumeration; and 
 (g) When referring to Section 302 or
Section 806 of this Indenture, the term “or” shall be additive and not exclusive. 
 Section 1313. WAIVER OF JURY
TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, AS AGAINST THE OTHER PARTIES 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. 

Section 1314. Waiver of Immunity. To the extent that any party hereto or any of its property is or becomes entitled at any time to
any immunity on the grounds of sovereignty or otherwise from any legal actions, suits or Proceedings, from set off or counterclaim, from the jurisdiction or judgment of any competent court, from service of process, from execution of a judgment, from
attachment prior to judgment, from attachment in aid of execution, or from execution prior to judgment, or other legal process in any jurisdiction, such party, for itself and its successors and assigns and its property, does hereby irrevocably and
unconditionally waive, and agrees not to plead or claim, any such immunity with respect to its obligations, liabilities or any other matter under or arising out of or in connection with this Indenture, the other Related Documents or the subject
matter hereof or thereof, subject, in each case, to the provisions of the Related Documents and mandatory requirements of Applicable Law. 

Section 1315. Judgment Currency. The parties hereto (A) acknowledge that the matters contemplated by this Indenture are part
of an international financing transaction and (B) hereby agree that (i) specification and payment of Dollars is of the essence, (ii) Dollars shall be the currency of account in the case of all obligations under the Related Documents
unless otherwise expressly provided herein or therein, (iii) the payment obligations of the parties under the Related Documents shall not be discharged by an amount paid in a currency or in a place other than that specified with respect to such
obligations, whether pursuant to a judgment or otherwise, except to the extent actually received by the Person entitled thereto and converted into Dollars by such Person (it being understood and agreed that, if any transaction party shall so receive
an amount in a currency other than Dollars, it shall (A) if it is not the Person entitled to receive payment, promptly return the same (in the currency in which received) to the Person from whom it was received or (B) if it is the Person
entitled to receive payment, either, in its sole discretion, (x) promptly return the same (in the currency in which received) to the Person from whom it was received or (y) subject to reasonable commercial practices, promptly cause the
conversion of the same into Dollars), (iv) to the extent that the amount so paid on prompt conversion to Dollars under normal commercial practices does not yield the requisite amount of Dollars, the obligee of such payment shall have a separate
cause of action against the party 

 
obligated to make the relevant payment for the additional amount necessary to yield the amount due and owing under the Related Documents, (v) if, for the purpose of obtaining a judgment in
any court with respect to any obligation under any of the Related Documents, it shall be necessary to convert to any other currency any amount in Dollars due thereunder and a change shall occur between the rate of exchange applied in making such
conversion and the rate of exchange prevailing on the date of payment of such judgment, the obligor in respect of such obligation will pay such additional amounts (if any) as may be necessary to insure that the amount paid on the date of payment is
the amount in such other currency which, when converted into Dollars and transferred to New York City, New York, in accordance with normal banking procedures, will result in realization of the amount then due in Dollars and (vi) any amount due
under this paragraph shall be due as a separate debt and shall not be affected by or merged into any judgment being obtained for any other sum due under or in respect of the Related Documents. 

Section 1316. Statutory References. References in this Indenture and each other Related Document for any Series to any section of
the Uniform Commercial Code or the UCC shall mean, on or after the effective date of adoption of any revision to the Uniform Commercial Code or the UCC in the State of New York, such revised or successor section thereto. 

Section 1317. Counterparts. This Indenture may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Indenture by facsimile shall be effective as delivery
of a manually executed counterpart of this Indenture. 

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

			
	TEXTAINER MARINE CONTAINERS IV LIMITED
		
	By:	 	 /s/ Christopher Morris

	Name:	 	Christopher Morris, Executive Vice President

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
		
	By:	 	 /s/ Brad Martin

	Name:	 	
	Title:	 	VPEX-4.49

 EXHIBIT 4.49 
  

 
 TEXTAINER MARINE CONTAINERS IV
LIMITED 
 Issuer 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

Indenture Trustee 
  

 
 SERIES 2013-1
SUPPLEMENT 
 Dated as of August 5, 2013 

TO 
 INDENTURE 

Dated as of August 5, 2013 
  

 
 SERIES 2013-1
NOTES 
  
  

							
	 ARTICLE I Definitions; Calculation Guidelines
	  	 	1	  
			
	 Section 101.
	  	 Definitions
	  	 	1	  
		
	 ARTICLE II Creation of the Series 2013-1 Notes
	  	 	16	  
			
	 Section 201.
	  	 Designation
	  	 	16	  
	 Section 202.
	  	 Authentication and Delivery
	  	 	18	  
	 Section 203.
	  	 Interest Payments on the Series 2013-1 Notes
	  	 	18	  
	 Section 204.
	  	 Principal Payments on the Series 2013-1 Notes
	  	 	19	  
	 Section 205.
	  	 Prepayment of Principal on the Series 2013-1 Notes
	  	 	19	  
	 Section 206.
	  	 Payments of Principal and Interest
	  	 	20	  
	 Section 207.
	  	 Amounts and Terms of Series 2013-1 Noteholder Commitments; Payments
	  	 	20	  
	 Section 208.
	  	 Taxes
	  	 	22	  
	 Section 209.
	  	 Increased Costs
	  	 	23	  
	 Section 210.
	  	 Capital Requirements
	  	 	24	  
	 Section 211.
	  	 Affected Parties
	  	 	25	  
	 Section 212.
	  	 Defaulting Noteholders
	  	 	26	  
	 Section 213.
	  	 Grant of Security Interest
	  	 	27	  
	 Section 214.
	  	 Decrease and/or Increase in the Series 2013-1 Note Commitments 
	  	 	28	  
		
	 ARTICLE III Series 2013-1 Series Account and Allocation and Application of Amounts Therein
	  	 	28	  
			
	 Section 301.
	  	 Series 2013-1 Series Account
	  	 	28	  
	 Section 302.
	  	 Restricted Cash Account for Series 2013-1
	  	 	28	  
	 Section 303.
	  	 Distributions from Series 2013-1 Series Account; Series-Specific Management Fees
	  	 	30	  
	 Section 304.
	  	 Allocation of Series 2013-1 Shared Available Funds
	  	 	37	  
		
	 ARTICLE IV Series-Specific Early Amortization Events, Manager Defaults, Events of Default and Covenants for the Series
2013-1 Notes
	  	 	40	  
			
	 Section 401.
	  	 Series-Specific Early Amortization Events
	  	 	40	  
	 Section 402.
	  	 Series-Specific Manager Defaults
	  	 	42	  
	 Section 403.
	  	 Series-Specific Events of Default
	  	 	42	  
	 Section 404.
	  	 Series-Specific Management Fees
	  	 	43	  
	 Section 405.
	  	 Additional Covenants
	  	 	44	  
	 Section 406.
	  	 Interest Rate Hedge Agreements for Series 2013-1
	  	 	44	  
		
	 ARTICLE V Conditions of Effectiveness and Future Lending
	  	 	47	  
			
	 Section 501.
	  	 Effectiveness of Supplement
	  	 	47	  
	 Section 502.
	  	 Advances on Series 2013-1 Notes
	  	 	48	  
		
	 ARTICLE VI Representations and Warranties
	  	 	49	  
			
	 Section 601.
	  	 Existence
	  	 	49	  
	 Section 602.
	  	 Authorization
	  	 	49	  
	 Section 603.
	  	 No Conflict; Legal Compliance
	  	 	50	  
	 Section 604.
	  	 Validity and Binding Effect
	  	 	50	  

  
 i 

							
	 Section 605.
	  	 Financial Statements
	  	 	50	  
	 Section 606.
	  	 Place of Business
	  	 	50	  
	 Section 607.
	  	 No Agreements or Contracts
	  	 	50	  
	 Section 608.
	  	 Consents and Approvals
	  	 	50	  
	 Section 609.
	  	 Margin Regulations
	  	 	51	  
	 Section 610.
	  	 Taxes
	  	 	51	  
	 Section 611.
	  	 Other Regulations
	  	 	51	  
	 Section 612.
	  	 Solvency and Separateness
	  	 	51	  
	 Section 613.
	  	 Title; Liens
	  	 	52	  
	 Section 614.
	  	 No Default
	  	 	52	  
	 Section 615.
	  	 Litigation and Contingent Liabilities
	  	 	52	  
	 Section 616.
	  	 Subsidiaries
	  	 	52	  
	 Section 617.
	  	 No Partnership
	  	 	52	  
	 Section 618.
	  	 Pension and Welfare Plans
	  	 	53	  
	 Section 619.
	  	 Ownership of Issuer
	  	 	53	  
	 Section 620.
	  	 Security Interest Representations
	  	 	53	  
	 Section 621.
	  	 ERISA Lien
	  	 	55	  
	 Section 622.
	  	 Survival of Representations and Warranties
	  	 	55	  
		
	 ARTICLE VII Miscellaneous Provisions
	  	 	55	  
			
	 Section 701.
	  	 Ratification of Indenture
	  	 	55	  
	 Section 702.
	  	 Counterparts
	  	 	55	  
	 Section 703.
	  	 Governing Law
	  	 	56	  
	 Section 704.
	  	 Notices
	  	 	56	  
	 Section 705.
	  	 Amendments and Modifications
	  	 	56	  
	 Section 706.
	  	 Consent to Jurisdiction
	  	 	59	  
	 Section 707.
	  	 Waiver of Jury Trial
	  	 	59	  
	 Section 708.
	  	 Successors
	  	 	59	  
	 Section 709.
	  	 Nonpetition Covenant
	  	 	60	  
	 Section 710.
	  	 Recourse Against the Issuer
	  	 	60	  
	 Section 711.
	  	 Reports, Financial Statements and Other Information to Noteholders
	  	 	60	  
	 Section 712.
	  	 Duties of Administrative Agent
	  	 	61	  

  
 ii 

 This SERIES 2013-1 SUPPLEMENT, dated as of August 5, 2013 (as amended, modified and
supplemented from time to time in accordance with the terms hereof, this “Supplement”), is entered into between TEXTAINER MARINE CONTAINERS IV LIMITED, a Bermuda company (the “Issuer”), and WELLS FARGO BANK,
NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee (the “Indenture Trustee”). 
 WHEREAS, pursuant
to the Indenture, dated as of August 5, 2013 (as amended, modified or supplemented from time to time in accordance with its terms, the “Indenture”), between the Issuer and the Indenture Trustee, the Issuer may from time to time
direct the Indenture Trustee to authenticate one or more new Series of Notes. The Principal Terms of any new Series are to be set forth in a Supplement to the Indenture; and 

WHEREAS, pursuant to this Supplement, the Issuer and the Indenture Trustee shall create a new Series of Notes and specify the Principal Terms
thereof; 
 NOW THEREFORE, in consideration of the premises and mutual covenants herein contained, the parties hereto agree as follows: 

ARTICLE I 
 Definitions;
Calculation Guidelines 
 Section 101. Definitions. (a) Whenever used in this Supplement, the following words and
phrases shall have the following meanings, and the definitions of such terms are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. 

“Administrative Agent” means the Person performing the duties of the Administrative Agent under the Administration Agreement;
initially, Royal Bank of Canada, a Canadian chartered bank acting through a New York Branch. 
 “Administrative Agent Fee”
means this term shall have the meaning set forth in the Administration Agreement, as such agreement may be amended, modified and restated from time to time in accordance with its terms. 

“Administration Agreement” means the Administration Agreement, dated as of the Closing Date, among the Issuer, the Manager,
the Indenture Trustee and Royal Bank of Canada, a Canadian chartered bank acting through a New York Branch, as administrative agent,, as such agreement may be amended, modified and restated from time to time in accordance with its terms. 

“Affected Purchaser” means each Purchaser who represents and warrants that (i) charges relating to the “liquidity
coverage ratio” under Basel III are currently being recognized internally on interests or obligations of the committed lending in the bank group and (ii) has in place or is actively seeking upon renewals a similar delayed funding option in
transactions similar to the transactions contemplated by this agreement, at the time a Series 2013 -1 Advance is requested. 

 “Affected Funding Date” shall have the meaning set forth in
Section 207(b)(i). 
 “Affected Funding Period” shall have the meaning set forth in
Section 207(b)(iv). 
 “Affected Portion” shall have the meaning set forth in Section 207(b)(i).

 “Affected Purchase Notice” shall have the meaning set forth in Section 207(b)(i). 

“Aggregate Series 2013-1 Commitment Amount” means, as of any date of determination, an amount equal to the sum of all Series
2013-1 Note Commitments then in effect. 
 “Aggregate Series 2013-1 Note Principal Balance” means, as of any date of
determination, an amount equal to the sum of the Series 2013-1 Note Principal Balances of all Series 2013-1 Notes then Outstanding. 

“Alternative Rate” means on any day for any Series 2013-1 Advance allocated to an Interest Accrual Period, an interest rate
per annum equal to the Base Rate if, on or before the first day of such Interest Accrual Period, a Series 2013-1 Noteholder (or an agent thereof) or its Deal Agent shall have notified the Issuer that a Eurodollar Disruption Event has occurred with
respect to such Series 2013-1 Noteholder or, if applicable, a member of its Related Group. 
 “Applicable Margin” means,
with respect to each day during an Interest Accrual Period on which a Series 2013-1 Advance by a Series 2013-1 Noteholder is outstanding, one of the following amounts for such Series 2013-1 Advance: 

(a) for each date occurring prior to the Conversion Date, two and one-quarter of one percent (2.25%) per annum; and 

(b) for each date on or subsequent to the Conversion Date, the sum of (x) one percent (1.00%) per annum and
(y) a percentage equal to the percentage that would otherwise be applicable pursuant to the immediately preceding paragraph (a) if the Conversion Date had not occurred. 

“Availability” shall have the meaning set forth in the Series 2013-1 Note Purchase Agreement. 

“Back-up Data Files” shall have the meaning set forth in the Management Agreement. 

“Back-up Manager” shall mean any Person designated as the “Back-up Manager” pursuant to the Manager Transfer
Facilitator Agreement. 

  
 2 

 “Base Rate” means, on any date, a fluctuating rate of interest per annum equal
to the higher of (i) the Federal Funds Effective Rate in effect on such date plus one half of one percent (0.50%), and (ii) the Prime Rate in effect on such date. Any change in the Base Rate due to a change in the Prime Rate or the Federal
Funds Effective Rate shall be effective on the opening of business on the date of such change. 
 “Breakage Costs” means
any amount or amounts as shall compensate a Series 2013-1 Noteholder for any loss, cost or expense incurred by such Series 2013-1 Noteholder or a member of its Related Group in connection with funding obtained by it with respect to a Series 2013-1
Advance (as reasonably determined by the related Deal Agent in its sole discretion on behalf of such Series 2013-1 Noteholder) as a result of (i) the failure of the Issuer to accept funding of a Series 2013-1 Advance in accordance with a
Funding Notice submitted by Issuer, or (ii) the failure of the Issuer to make a prepayment in accordance with the terms of any of the Indenture, this Supplement or the Series 2013-1 Note Purchase Agreement, or (iii) the Issuer making a
payment of principal on a Series 2013-1 Note on a day other than a Payment Date. Nothing contained herein shall obligate the Issuer to pay Breakage Costs with respect to any prepayment actually made by the Issuer on a Payment Date. 

“Closing Date” means August 5, 2013. 

“Control Party” means, for Series 2013-1, Series 2013-1 Noteholders holding Series 2013-1 Note Principal Balances
representing more than fifty percent (50%) of the Unpaid Principal Balance for Series 2013-1; provided, however, that solely with respect to any waiver of an Event of Default, Early Amortization Event or a Manager Default (or an
amendment that would have the effect, if such amendment became effective, of any such waiver), (A) if two or more Series 2013-1 Noteholders shall each have Series 2013-1 Note Commitments of more than $75,000,000, the Control Party shall mean
Series 2013-1 Noteholders (including at least two such Series 2013-1 Noteholders having Series 2013-1 Note Commitments of more than $75,000,000) holding Series 2013-1 Note Principal Balances representing more than fifty percent (50%) of the
Unpaid Principal Balance for Series 2013-1, and (B) at any time that clause (A) does not apply, the Control Party shall mean all Series 2013-1 Noteholders. 

“Conversion Date” means the earlier to occur of (i) the first date on which a Series 2013-1 Early Amortization Event has
occurred, and (ii) the date set forth in the first sentence of Section 2.5 of the Series 2013-1 Note Purchase Agreement, as such date in this clause (ii) may be extended from time to time in accordance with the terms, and subject to
the conditions, of Section 2.5 of the Series 2013-1 Note Purchase Agreement. For sake of clarity, the Conversion Date will be deemed to have occurred and the Series 2013-1 Note Commitments terminated regardless of any subsequent cure of such
Series 2013-1 Early Amortization Event. 
 “Deal Agent” shall have the meaning set forth in the Series 2013-1 Note Purchase
Agreement. 
 “Decreasing Commitment Noteholder” means each Series 2013-1 Noteholder (i) that is not then a
Defaulting Noteholder and (ii) whose Series 2013-1 Note Commitment has decreased prior to the Conversion Date solely due to the passage of time. 

  
 3 

 “Default Interest” means, for any Payment Date, the amount of incremental
interest payable on the Series 2013-1 Notes in accordance with the provisions of Section 203(b). 
 “Defaulting
Noteholder” means any Series 2013-1 Noteholder (or, if applicable, any member of its Related Group) that (i) fails to fund any portion of any Series 2013-1 Advance required to be funded hereunder within two Business Days after the date
on which such funding is required or (ii) has notified the Issuer or any Affiliate thereof, or the Indenture Trustee or any other Series 2013-1 Noteholder, that it (or, if applicable, any member of its Related Group) does not intend to comply
with its funding obligations under the Series 2013-1 Related Documents, or has made a public statement to that effect with respect to its funding obligations under the Series 2013-1 Related Documents. 

“Disposition Ratio” means each of the following: 

(a) the quotient of (i) the sum of all gross disposition proceeds for all Disposition Ratio Containers of all of TGH’s Subsidiaries
(collectively, “TGH Group Disposed Containers”) disposed of during the most recent 6 months (or, if fewer than 6,000 TGH Group Disposed Containers have been disposed of during such six month period, such longer period as is
necessary to include a sample of at least 6,000 TGH Group Disposed Containers disposed) (such period, which shall be rounded to the end of the Collection Period in which the last Container in such group was sold, the “TGH Disposition
Measurement Period”) over (ii) the sum of the Net Book Values on the last day of the month preceding such disposition of all TGH Group Disposed Containers disposed of during the TGH Disposition Measurement Period; or 

(b) the quotient of (i) the sum of all gross disposition proceeds for all Disposition Ratio Containers of the Issuer (collectively,
“Issuer Disposed Containers”) disposed of during the most recent 6 months (or, if fewer than 3,000 Issuer Disposed Containers have been disposed of during such six month period, such longer period as is necessary to include a sample
of at least 3,000 Issuer Disposed Containers disposed) (such period, which shall be rounded to the end of the Collection Period in which the last Container in such group was sold, the “TMCL IV Disposition Measurement Period”) over
(ii) the sum of the Net Book Values on the last day of the month preceding such disposition of all Issuer Disposed Containers disposed of during the TMCL IV Disposition Measurement Period. 

“Disposition Ratio Container” means any Managed Container sold or otherwise disposed of, other than in any sale or
disposition (A) made to the Manager or any Affiliate of the Manager, (B) pursuant to the exercise of a purchase option contained in a Lease, or (C) due to a Casualty Loss. 

“Disposition Trigger Event” means the Disposition Ratio in either or both of paragraphs (a) and (b) of the
definition thereof is less than 1.15 to 1.00 for the applicable TGH Disposition Measurement Period and/or TMCL IV Disposition Measurement Period (as applicable). If a Disposition Ratio Trigger Event occurs, such condition shall be deemed to continue
until the earlier to occur of (x) the date on which the Control Party waives such condition and (y) the date that the Disposition Ratio, as calculable pursuant in each of paragraph (a) and paragraph (b) of the definition thereof,
equals or exceeds 1.15 to 1.00 for at least six (6) consecutive months. 

  
 4 

 “Dollars” and the sign “$” mean lawful money of the United States of
America. 
 “EBIT” means, for any Person on a consolidated basis during any fiscal period, earnings (loss) before Interest
Expense and taxes for such Person and its Subsidiaries, including gains and losses from the sale of assets and foreign exchange transactions, but excluding (A) gains or losses resulting from changes in the applicable depreciation policy and
(B) unrealized gain and loss arising from the implementation of FAS 133. 
 “EBIT Ratio” means, for the Issuer as of
the last day of each fiscal quarter commencing with the fiscal quarter ended December 31, 2014, the ratio of (x) EBIT to (y) Interest Expense, in each case for the most recently concluded six (6) fiscal quarters or, if fewer than
six (6) fiscal quarters have passed since the Closing Date, for the number of concluded fiscal quarters since the Closing Date, provided that at least three (3) concluded fiscal quarters have passed since the Closing Date. 

“Eligible Interest Rate Hedge Provider” means, at the time of execution and delivery of the related Interest Rate Hedge
Agreement for Series 2013-1, any bank or other financial institution (or any party providing credit support on such Person’s behalf) that (A) has (x) a long-term senior unsecured debt rating of at least “A-” from
Standard & Poor’s or “ A3” from Moody’s and (y) a short-term unsecured debt rating of at least “A-1” from Standard & Poor’s or “P-1” from Moody’s, or (B) is otherwise
approved by the Control Party. 
 “Eurodollar Disruption Event” means with respect to all Series 2013-1 Advances allocated
to any Interest Accrual Period, any of the following events or conditions: (a) a good faith determination by a Series 2013-1 Noteholder or its Deal Agent that it would be contrary to law or to the directive of any central bank or other
Governmental Authority (whether or not having the force of law) to obtain Dollars in the London interbank market to make, fund or maintain any Series 2013-1 Advance for such Interest Accrual Period, (b) a good faith determination by a Series
2013-1 Noteholder or its Deal Agent that the LIBOR Rate applicable for such Interest Accrual Period does not accurately reflect the cost to the Series 2013-1 Noteholder (or, if applicable, any member of its Related Group) of making, funding or
maintaining any Series 2013-1 Advance for such Interest Accrual Period, or (c) the unavailability of the London interbank market to make, fund or maintain any Series 2013-1 Advance for such Interest Accrual Period. 

“Existing Law” means (i) the final rule titled “Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital
Maintenance: Regulatory Capital; Impact of Modifications to Generally Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs; and Other Related Issues,” adopted by the United States bank regulatory agencies on
December 15, 2009 (the “Capital Guidelines”); (ii) the Basel Accords prepared by the Basel Committee on Banking Supervision as set out in the publications entitled “International Convergence of Capital Measurements
and Capital Standards: a Revised Framework,” (“Basel II”) and “International Framework for Liquidity Risk Measurement, Standards and Monitoring” (“Basel III,” with Basel II, collectively the
“Basel Accords”) as updated from time to time; (c) the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd Frank Act”); and (d) any rules, regulations, guidance, requests, interpretations
or directives from any Governmental Authority relating to, or implementing, the Capital Guidelines, the Basel Accords or the Dodd Frank Act (whether or not having the force of law). 

  
 5 

 “Federal Funds Effective Rate” means for any day, the weighted average of the
rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, and determined by the applicable
Deal Agent or, if such rate is not so published on the next succeeding Business Day, the average of the quotations for the day of such transactions received by the applicable Deal Agent from three federal funds brokers of recognized standing
selected by it. 
 “Federal Reserve Board” means the Board of Governors of the Federal Reserve System or any successor
thereto. 
 “Fee Letter” means each fee letter, dated on or about the Closing Date, between the Issuer and each Deal Agent.

 “Finance Lease Management Fee” has the meaning set forth in Section 404(a)(iii). 

“Funding Date” shall have the meaning set forth in Section 207(b)(i). 

“Funding Notice” shall have the meaning set forth in Section 207(b)(i). 

“Increased Costs” means any fee, expense, increased cost or reduction in rate of return on capital charged to or incurred by
an Indemnified Party on account of the occurrences set forth in Sections 209 and 210. 
 “Indemnified Party”
shall have the meaning set forth in Section 208(a). 
 “Interest Accrual Period” means the period beginning
with, and including, a Payment Date and ending on (and including) the day before the next succeeding Payment Date; except that, in the case of the first Interest Accrual Period, the period beginning with and including the Closing Date and ending on
and including the day before the initial Payment Date. 
 “Interest Expense” means, for any Person on a consolidated basis
during any fiscal period, the aggregate amount of the interest expense during such fiscal period in respect of Indebtedness of such Person and its Subsidiaries, as determined in accordance with GAAP; provided, however, that for purposes of
calculating the EBIT Ratio, the Unused Fee for the first three (3) fiscal quarters ending following the Closing Date shall be excluded from such calculation. 

“Interest Rate Hedge Provider Required Rating Downgrade Event” means, with respect to any Interest Rate Hedge Provider for
Series 2013-1, unless waived in writing by Control Party, such Interest Rate Hedge Provider’s (or any party providing credit support on its behalf) rating with respect to its unsecured and unsubordinated debt, deposit or letter of credit
obligations are rated as set forth in the table below: 
  

			
	 Rating of Interest Rate Hedge
Provider

	 S&P
	  	 Moody’s

	Long-term of “BBB” or lower	  	Long-term of “Baa2” or lower

  
 6 

 “Interest Rate Hedge Provider Required Rating Replacement Event” means, with
respect to any Interest Rate Hedge Provider for Series 2013-1, unless waived in writing by Control Party, such Interest Rate Hedge Provider’s (or any party providing credit support on its behalf) rating with respect to its unsecured and
unsubordinated debt, deposit or letter of credit obligations are rated as set forth in the table below: 
  

			
	 Rating of Interest Rate Hedge Provider

	 S&P
	  	 Moody’s

	Long-term of “BB+” or lower	  	Long-term of “Ba1” or lower

 “Issuance Date” means, for Series 2013-1 Notes, the Closing Date. 

“Issuance Date Series 2013-1 Note Principal Balance” means the Unpaid Principal Balance for Series 2013-1 on the Issuance
Date of the Series 2013-1 Notes; this amount shall be Three Hundred Million Dollars ($300,000,000). 
 “Leverage Ratio”
shall have the meaning set forth in the Management Agreement. 
 “LIBOR Rate” means for any Interest Accrual Period and any
Series 2013-1 Advance, an interest rate per annum equal to the average per annum rate of interest determined by the Indenture Trustee (and notified to each of the Issuer, the Manager and the Administrative Agent) on the basis of the offered rates
for deposits in Dollars for an amount equal to the requested advance of funds and for a term equal to either (i) with respect to any Series 2013-1 Advance made on the first day of such Interest Accrual Period, the applicable Interest Accrual
Period or (ii) with respect to any Series 2013-1 Advance not made on the first day of such Interest Accrual Period, a term equal to the period remaining in the applicable Interest Accrual Period (provided, if no offered rate exists for
such remaining period, the LIBOR Rate shall be interpolated on a straight-line basis based upon the LIBOR Rate for each of (i) the closest quoted period greater than such remaining period and (ii) the closest quoted period shorter than
such remaining period), and commencing on the first day of such Interest Accrual Period, displayed on the Reuters screen “LIBOR01”, or any successor service for the purpose of displaying the London Interbank rates of major banks for
Dollars (or such other page as may replace the Reuters screen “LIBOR01” on that service or such other service or services as may be denominated by the British Bankers’ Association for the purpose of displaying London Interbank

  
 7 

 
offered rates for Dollar deposits), as of 11:00 A.M. (London time) on the Business Day which is the LIBOR Determination Date. If the Reuters Screen LIBO Page is not available, then “LIBOR
Rate” shall mean the rate per annum equal to the average rate at which the principal London offices of Royal Bank of Canada and Bank of America, N.A. (or their respective successors) are offered dollar deposits at or about 10:00 a.m., New York
City time, two Business Days prior to the first Business Day of such Interest Accrual Period in the London eurodollar interbank market for delivery on the first day of such Interest Accrual Period for one month and in a principal amount equal to an
amount of not less than $1,000,000. 
 “LIBOR Determination Date” shall mean the date that is two (2) Business Days
prior to the first day of any Interest Accrual Period. 
 “Long-Term/PLB Management Fee” has the meaning set forth in
Section 404(a)(ii). 
 “Master Lease Management Fee” has the meaning set forth in
Section 404(a)(i). 
 “Notes” means any Series 2013-1 Note. 

“Other Taxes” shall have the meaning set forth in Section 208(b). 

“Overdue Rate” means, for any date of determination, an interest rate per annum equal to the sum of (i) the interest
rate otherwise in effect hereunder plus (ii) two percent (2.00%). 
 “Permitted Expenses Withdrawal” shall have the
meaning set forth in Section 302(c). 
 “Permitted Interest Withdrawal” shall have the meaning set forth in
Section 302(b). 
 “Permitted Principal Withdrawal” shall have the meaning set forth in Section 302(d).

 “Prime Rate” means the rate announced by Royal Bank of Canada (or any successor thereto), from time to time as its
“prime rate” or “base rate” in the United States, such rate to change as and when such designated rate changes. The Prime Rate is not intended to be the lowest rate of interest charged by Royal Bank of Canada (or
any successor thereto) in connection with extensions of credit to debtors. For sake of clarity, the references to Royal Bank of Canada in the two preceding sentences are not intended to refer to the initial Indenture Trustee. 

“Pro Rata” means in accordance with the Pro Rata Share of each Series 2013-1 Noteholder. 

“Pro Rata Share” means, with respect to each Series 2013-1 Noteholder as of any date of determination, a ratio (expressed as
a percentage) the numerator of which is equal to 

  
 8 

 
the Series 2013-1 Note Commitment (or, if the Conversion Date has occurred, the Series 2013-1 Note Principal Balance) of such Series 2013-1 Noteholder and the denominator of which is equal to the
sum of the Series 2013-1 Note Commitments of all Series 2013-1 Noteholders (or, if the Conversion Date has occurred, the Unpaid Principal Balance for Series 2013-1). 

“Purchaser” shall have the meaning set forth in the Series 2013-1 Note Purchase Agreement. 

“Sale Management Fee” has the meaning set forth in Section 404(a)(iv). 

“Series 2013-1” means the Series of Notes the terms of which are specified in this Supplement. 

“Series 2013-1 Advance” means any advance of funds made by, or on behalf of, a Series 2013-1 Noteholder pursuant to
Section 207(b). For purposes of clarification, only portions of a requested Series 2013-1 Advance actually funded shall be included in calculating the amount of any Series 2013-1 Advance outstanding on any date of determination (and, for
example, no Affected Portion shall be included during the Affected Funding Period in any calculation of Series 2013-1 Advances until actually funded by the applicable Affected Purchaser). 

“Series 2013-1 Advance Rate” means one of the following: 

(a) If no Disposition Trigger Event has occurred and is continuing, eighty percent (80%); and 

(b) If a Disposition Trigger Event has occurred and is continuing, seventy-two and one-half of one percent (72.5%). 

“Series 2013-1 Asset Base” means, as of any date of determination, an amount equal to the sum of (a) the product of
(i) Asset Allocation Percentage for Series 2013-1 in effect on such date of determination, (ii) a percentage equal to one hundred percent (100%) minus the Series 2013-1 Required Overcollateralization Percentage in effect on such date
of determination and (iii) the sum of (x) the Aggregate Net Book Value (measured as of the last day of the immediately preceding calendar month) and (y) the aggregate outstanding balance of receivables resulting from the sale or
disposition of Eligible Containers which have not been outstanding for more than 60 days, plus (b) an amount equal to the sum of (i) the amount of cash and Eligible Investments on deposit in the Series 2013-1 Restricted Cash Account on
such date of determination, and (ii) an amount equal to the product of (x) the Asset Allocation Percentage for Series 2013-1 in effect on such date of determination and (y) the amount of cash and Eligible Investments on deposit in the
Excess Funding Account on such date of determination. 
 “Series 2013-1 Available Funds” means, as of any Payment Date, an
amount equal to the sum of (i) an amount equal to the product of (x) the Available Distribution Amount for such Payment Date and (y) the Collection Allocation Percentage for Series 2013-1 in effect on such Payment Date, (ii) all
amounts transferred to the Series 2013-1 Series Account from the Series 2013-1 Restricted Cash Account on such Payment Date, (iii) all amounts received by the Issuer on the related Determination Date pursuant to any Interest Rate Hedge
Agreement for the 

  
 9 

 
Series 2013-1 Notes, (iv) if a Series 2013-1 Early Amortization Event shall have occurred and then be continuing, the amount of funds transferred to the Series 2013-1 Series Account from the
Excess Funding Account on such Payment Date, and (v) the amount of any Shared Available Funds (as defined in the Supplements for each other Series of Notes then Outstanding) deposited to the Series 2013-1 Series Account on such Payment Date in
accordance with the terms of the Supplement for each other Series of Notes then Outstanding. 
 “Series 2013-1 Early Amortization
Event” means any Early Amortization Event for the Series 2013-1 Notes. 
 “Series 2013-1 Effective Advance Rate”
means, as of any date of determination for the Series 2013-1 Notes, an amount equal to (A) the then Aggregate Series 2013-1 Note Principal Balance as of such date of determination, divided by (B) an amount equal to the sum of (x) the
Aggregate Net Book Value (measured as of the last day of the immediately preceding calendar month), (y) the aggregate outstanding balance of receivables resulting from the sale or disposition of Eligible Containers which have not been
outstanding for more than 60 days and (z) the amount of cash and Eligible Investments on deposit in the Series 2013-1 Restricted Cash Account. 

“Series 2013-1 Event of Default” means any Event of Default for the Series 2013-1 Notes. 

“Series 2013-1 Excess Concentration Percentage” means, as of any date of determination, an amount equal to the sum of the
following percentages: 
 (a) Maximum Concentration of Operating Leases to Insolvent Lessees. The amount by which (x) the sum of
the Net Book Values of all Eligible Containers that are currently under an operating lease to an insolvent lessee, divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) twenty percent (20%); 

(b) Maximum Concentration of Operating Leases to Delinquent Insolvent Lessees. The amount by which (x) the sum of the Net Book
Values of all Eligible Containers that are currently under an operating lease to an insolvent lessee who is more than 150 days delinquent in the payment of any amounts owed to Textainer, divided by the Aggregate Net Book Value, expressed as a
percentage, exceeds (y) zero percent (0%); 
 (c) Maximum Concentration of Dry Freight Special Containers. The amount by which
(x) the sum of the Net Book Values of all Eligible Containers that are dry freight specialized Containers (other than refrigerated containers), divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) seven percent
(7%); 
 (d) Maximum Concentration of Refrigerated Containers (Total). The amount by which (x) the sum of the Net Book Values of
all Eligible Containers that refrigerated containers, divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) twenty percent (20%); 

(e) Maximum Concentration of Finance Leases (Total). The amount by which (x) the sum of the Net Book Values of all Eligible
Containers whose initial leases were Finance Leases divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) twenty percent (20%); 

  
 10 

 (f) Maximum Concentration of Non-Monthly Rental Payments. The amount by which (x) the
sum of the Net Book Values of all Eligible Containers subject to Leases for which rentals are payable less frequently than monthly divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) two percent (2%); 

(g) Maximum Concentration of Non-U.S. Currency Rentals. The amount by which (x) the sum of the Net Book Values of all Eligible
Containers subject to Leases for which rentals are payable in a currency other than Dollars and which are not the subject of a currency hedge agreement divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) two percent
(2%); 
 (h) Maximum Concentration of Non-Marine Cargo Users. The amount by which (x) the sum of the Net Book Values of all
Eligible Containers subject to Leases under which the lessee is a Person that is not a marine cargo user divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) seven percent (7%); 

(i) Maximum Concentration of any Ten Lessees. The amount by which (x) the sum of the Net Book Values of all Eligible Containers
then on lease to any ten lessees or sublessees, divided by the Aggregate Net Book Value, expressed as a percentage, exceeds (y) seventy-five percent (75%); 

(j) Maximum Concentration of a Single Lessee. The amount by which (x) the sum of the Net Book Values of all Eligible Containers
then on lease to any single lessee divided by the Aggregate Net Book Value, expressed as a percentage, exceeds twenty percent (20%); 
 (k)
Maximum Concentration of a Single Lessee with respect to Finance Leases. The amount by which (x) the sum of the Net Book Values of all Eligible Containers then on lease to any single lessee whose initial leases were Finance Leases
divided by the Aggregate Net Book Value, expressed as a percentage, exceeds five percent (5%); and 
 (l) U.S. Government Leases. The
amount by which (x) the sum of the Net Book Values of all Eligible Containers on Lease to the U.S. government, divided by the Aggregate Net Book Value, exceeds (y) four percent (4%); provided that Leases for which
(i) compliance with the Federal Assignment of Claims Act have been evidenced by a favorable Opinion of Counsel or (ii) the U.S. government has executed a consent to assignment shall not be included in the foregoing clause (x). 

“Series 2013-1 Legal Final Payment Date” means that date that is two years after the Stated Conversion Date. 

“Series 2013-1 Management Fee” has the meaning set forth in Section 404. 

“Series 2013-1 Manager Default” means any Manager Default for the Series 2013-1 Notes. 

  
 11 

 “Series 2013-1 Note” means any one of the notes issued pursuant to the terms
hereof, substantially in the form of Exhibit A hereto, and shall include any and all replacements or substitutions of such notes. 

“Series 2013-1 Note Commitment” means, for each Series 2013-1 Noteholder (excluding, however, any Series 2013-1 Noteholder
which is a CP Purchaser), the commitment of such Series 2013-1 Noteholder to fund Series 2013-1 Advances in an aggregate amount outstanding at any point in time not to exceed the amount set forth opposite such Series 2013-1 Noteholder name on the
signature pages of the Series 2013-1 Note Purchase Agreement, as such amount may be modified in accordance with the terms thereof. After the Conversion Date, the Series 2013-1 Note Commitment for each Series 2013-1 Noteholder shall be equal to the
Series 2013-1 Note Principal Balance of the Series 2013-1 Note owned by such Series 2013-1 Noteholder. 
 “Series 2013-1 Note
Interest Payment” means for each Payment Date, an amount equal to the sum, for each Series 2013-1 Advance outstanding for each day during the related Interest Accrual Period, of the product of (i) if the Alternative Rate shall then be
in effect, (A) the principal amount of such Series 2013-1 Advance, (B) an interest rate equal to the sum of (x) the Base Rate in effect and (y) the Applicable Margin, and (C) 1/365 or 1/366, as applicable, or (ii) if
clause (i) above shall not apply, (A) the principal amount of such Series 2013-1 Advance, (B) an interest rate equal to the sum of (x) the LIBOR Rate for such Interest Accrual Period and (y) the Applicable Margin, and
(C) 1/360. For purposes of clarification, no Series 2013-1 Note Interest Payment shall be due (and no interest shall accrue hereunder) with respect to any portion of any Series 2013-1 Advance on any day during the related Interest Accrual
Period on which such portion shall not actually have been funded by the applicable Series 2013-1 Noteholder (such as, e.g., any Affected Portion of a Series 2013-1 Advance during the applicable Affected Funding Period until actually funded by the
applicable Affected Purchaser). 
 “Series 2013-1 Note Principal Balance” means, with respect to any Series 2013-1 Note as
of any date of determination, an amount equal to the difference of (x) all Series 2013-1 Advances actually made by or on behalf of the related Series 2013-1 Noteholder on or subsequent to the Closing Date (excluding any Affected Portion that
has not actually been funded), minus (y) the aggregate amount of all repayments of such Series 2013-1 Advances actually paid to the related Series 2013-1 Noteholder subsequent to the Closing Date. 

“Series 2013-1 Note Purchase Agreement” means the Series 2013-1 Note Purchase Agreement, dated as of the Closing Date, among
the Issuer, the Purchasers, and the Deal Agents named therein pursuant to which document the Purchasers agreed to purchase the Series 2013-1 Notes and make Series 2013-1 Advances, as amended, supplemented or otherwise modified from time to time in
accordance with its terms. 
 “Series 2013-1 Noteholder” means, at any time of determination for the Series 2013-1 Notes,
any Person in whose name a Series 2013-1 Note is registered in the Note Register, and shall be deemed to include each Purchaser and each related CP Purchaser. 

“Series 2013-1 Related Documents” means any and all of the Indenture, this Supplement, the Series 2013-1 Notes, the
Management Agreement, the Contribution and Sale 

  
 12 

 
Agreement, each Container Transfer Agreement, the Series 2013-1 Note Purchase Agreement, the Administration Agreement, the Manager Transfer Facilitator Agreement, each Interest Rate Hedge
Agreement (upon execution thereof), each Fee Letter and any and all other agreements, documents and instruments executed and delivered by or on behalf or in support of the Issuer with respect to the issuance, sale and/or syndication of the Series
2013-1 Notes, as any of the foregoing may from time to time be amended, modified, supplemented or renewed. 
 “Series 2013-1
Required Overcollateralization Percentage” means a percentage equal to (a) one hundred percent (100%), minus (b) the Series 2013-1 Advance Rate, plus (c) the Series 2013-1 Excess Concentration Percentage. 

“Series 2013-1 Required Payments” means the following: (A) if neither a Series 2013-1 Early Amortization Event nor a
Series 2013-1 Event of Default is then continuing, the payments specified in Section 303(b)(i) through (xiii), (B) if a Series 2013-1 Early Amortization Event shall then be continuing but no Series 2013-1 Event of Default
shall then be continuing (or a Series 2013-1 Event of Default is continuing but the Series 2013-1 Notes have not been accelerated in accordance with the Indenture), the payments set forth in Section 303(c)(i) through (xiii), or
(C) if a Series 2013-1 Event of Default shall then be continuing and the Series 2013-1 Notes have been accelerated in accordance with the Indenture and such consequence shall not have been rescinded or annulled, the payments set forth in
Section 303(d)(i) through (xvi). All such Series 2013-1 Required Payments shall be paid in ascending numerical order, with no payment being made to in respect of any item set forth in a clause having a higher numeric value until
all payments outlined in any clause having a lower numeric value have been paid in full. 
 “Series 2013-1 Restricted Cash
Account” shall have the meaning set forth in Section 302(a). 
 “Series 2013-1 Restricted Cash Amount”
means, as of any date of determination, an amount equal to the sum of the following: 
 (1) On each Payment Date (including without
limitation each of the initial two (2) Payment Dates following a Transfer Date), the product of (a) five (5), (b) one-twelfth, (c) the rate applicable pursuant to clause (i)(B) or (ii)(B) (as applicable) of the definition of
“Series 2013-1 Note Interest Payment”, and (d) the Unpaid Principal Balance for Series 2013-1 as of such Payment Date, which Unpaid Principal Balance shall be calculated after giving effect to all advances of principal and principal
payments made on such Payment Date; and 
 (2) On each Transfer Date and each of the initial two (2) Payment Dates following such
Transfer Date, an amount equal to the product of (i) sixty (60) and (ii) the then average daily gross billed (per diem) rate on all Leases in effect on such Transfer Date with respect to all Eligible Containers transferred on such
Transfer Date; provided that this amount shall be reduced by any Permitted Expenses Withdrawal made on either of such initial two (2) Payment Dates. 

“Series 2013-1 Series Account” means the account of that name established in accordance with Section 301. 

  
 13 

 “Series 2013-1 Series-Specific Collateral” shall have the meaning set forth in
Section 213(a). 
 “Series 2013-1 Shared Available Funds” means, for the Series 2013-1 Notes on any Payment Date,
the portion of the Series 2013-1 Available Funds remaining after giving effect to all distributions required to be made on such Payment Date pursuant to Sections 303(b)(i) through (xii), (c)(i) through (xiii), or
(d)(i) through (xvi). 
 “Step Up Warehouse Fee” means, for the Series 2013-1 Notes, for each Payment Date
occurring on or following the Conversion Date, an amount equal to the sum, for each Series 2013-1 Advance outstanding for each day during the related Interest Accrual Period, of the product of (i) if the Alternative Rate shall then be in
effect, (A) the principal amount of such Series 2013-1 Advance, (B) an interest rate equal to the sum of (x) the Base Rate in effect and (y) the Step Up Warehouse Fee Percentage, and (C) 1/365 or 1/366, as applicable, or
(ii) if clause (i) above shall not apply, (A) the principal amount of such Series 2013-1 Advance, (B) an interest rate equal to the sum of (x) the LIBOR Rate for such Interest Accrual Period and (y) the Step Up
Warehouse Fee Percentage, and (C) 1/360. For the avoidance of doubt, any Step Up Warehouse Fee that shall be due and payable on any Payment Date shall be considered a portion of, and not a separate fee from, the then applicable Series 2013-1
Note Interest Payment for such Payment Date. 
 “Step Up Warehouse Fee Percentage” means a percentage equal to the
difference between (x) the Applicable Margin set forth in clause (B) in the definition thereof, minus (y) the Applicable Margin set forth in clause (A) in the definition thereof. 

“Supplemental Principal Payment Amount” shall have the meaning set forth in Section 205(b). 

“Taxes” shall have the meaning set forth in Section 208(a). 

“TL” means Textainer Limited, an exempted company incorporated and existing under the laws of Bermuda. 

“Unused Commitment” means, with respect to each Series 2013-1 Noteholder as of any date of determination, the excess of
(i) the Series 2013-1 Note Commitment then in effect for such Series 2013-1 Noteholder, over (ii) the Series 2013-1 Note Principal Balance of the Series 2013-1 Note owned by such Series 2013-1 Noteholder as of such date of determination,
measured after giving effect to all Series 2013-1 Advances made and all principal payments to be received by such Series 2013-1 Noteholder on such date of determination. 

“Unused Fee” shall have the meaning set forth in Section 207(c). 

“Unused Fee Percentage” means as of any date of determination, one of the following: 

(x) Seven-tenths of one percent (0.70%) per annum, if (A) the quotient (expressed as a percentage) obtained by dividing (y) the
Unpaid Principal Balance for Series 2013-1 by (y) the Aggregate Series 2013-1 Note Commitments shall be less than fifty percent 

  
 14 

 
(50%) as of such date of determination, and (B) the Series 2013-1 Note Commitment of Royal Bank of Canada (or any of its affiliates or commercial paper programs administered by Royal Bank of
Canada) as a Purchaser is greater than $150,000,000; or 
 (y) If the circumstances in the foregoing clause (x) are not applicable as
of such date of determination, one-half of one percent (0.50%) per annum. 
 (b) Capitalized terms used herein and not otherwise defined
shall have the meaning set forth in the Indenture or, if not defined therein, as defined in the Series 2013-1 Note Purchase Agreement. 

(c) References in this Supplement and any other Series 2013-1 Related Document to any section of the Uniform Commercial Code or the UCC shall
mean, on or after the effective date of adoption of any revision to the Uniform Commercial Code or the UCC in the applicable jurisdiction, such revised or successor section thereto. 

  
 15 

 ARTICLE II 

Creation of the Series 2013-1 Notes 

Section 201. Designation. 

(a) There is hereby created a Series of Notes to be issued in one Class pursuant to the Indenture and this Supplement to be known respectively
as “Textainer Marine Containers IV Limited Asset-Backed Notes, Series 2013-1”. The Series 2013-1 Notes will be issued in the initial maximum principal balance of Three Hundred Million Dollars ($300,000,000) and will not have priority over
any other Series, except to the extent set forth in the Supplement for such other Series. 
 (b) Payments of principal on the Series 2013-1
Notes shall be payable from funds on deposit in the Series 2013-1 Series Account at the times and in the amounts set forth in Article III of the Indenture and Article III. 

(c) Each Series 2013-1 Note is classified as a “Warehouse Note”, as such term is used in the Indenture. 

(d) The Series 2013-1 Notes will not be rated on the Closing Date by any Rating Agency. 

(e) Each of the following terms defined in the Indenture shall have the following meanings with respect to the Series 2013-1 Notes: 

(i) The “Advance Rate” (as defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1 Advance
Rate” (as defined in Section 101(a)). 
 (ii) The “Asset Base” (as defined in the Indenture) for Series
2013-1 shall be the “Series 2013-1 Asset Base” (as defined in Section 101(a)). 
 (iii) The “Excess
Concentration Percentage” (as defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1 Excess Concentration Percentage” (as defined in Section 101(a)). 

(iv) The “Expected Final Payment Date” (as defined in the Indenture) for Series 2013-1 shall be the “Series
2013-1 Expected Final Payment Date” (as defined in Section 101(a)). 
 (v) The “Interest Payment” (as
defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1 Note Interest Payment” (as defined in Section 101(a)). 

(vi) The “Legal Final Payment Date” (as defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1
Legal Final Payment Date” (as defined in Section 101(a)). 

  
 16 

 (vii) The initial “Record Date” (as defined in the Indenture) for
Series 2013-1 shall be the Closing Date. 
 (viii) The “Related Documents” for Series 2013-1, as such term is used
in the Indenture, shall be the Series 2013-1 Related Documents (as defined in Section 101(a)). 
 (ix) The
“Required Overcollateralization Percentage” (as defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1 Required Overcollateralization Percentage” (as defined in Section 101(a)). 

(x) The “Required Payments” for the Series 2013-1 Notes shall be the “Series 2013-1 Required Payments” (as
defined in Section 101(a)) 
 (xi) The “Restricted Cash Account” (as defined in the Indenture) for Series
2013-1 shall be the “Series 2013-1 Restricted Cash Account” (as defined in Section 101(a)). 
 (xii) The
“Restricted Cash Amount” (as defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1 Restricted Cash Amount” (as defined in Section 101(a)). 

(xiii) The “Series Account” (as defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1 Series
Account” (as defined in Section 101(a)). 
 (xiv) The “Series-Specific Collateral” (as defined in the
Indenture) for Series 2013-1 shall be the “Series 2013-1 Series-Specific Collateral” (as defined in Section 101(a)). 

(xv) The “Shared Available Funds” (as defined in the Indenture) for Series 2013-1 shall be the “Series 2013-1
Shared Available Funds” (as defined in Section 101(a)). 
 (xvi) “Rating Agency Condition” (as defined in
the Indenture) for Series 2013-1 means, in addition to the meaning set forth in the Indenture, the following: So long as the Series 2013-1 Notes shall remain unrated, the Rating Agency Condition shall mean that the Control Party for the Series
2013-1 Notes shall also have consented to the applicable action or decision. 
 (f) The form of Asset Base Report attached as Exhibit
D hereto shall be an additional form of Asset Base Report (as defined in the Indenture). 
 (g) The form of Manager Report attached as
Exhibit E hereto shall be an additional form of Manager Report (as defined in the Management Agreement). 
 (h) The initial Payment
Date with respect to the Series 2013-1 Notes shall occur on September 20, 2013. 
 (i) In the event that any term or provision
contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture, the terms and provisions of this Supplement shall govern. 

  
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 Section 202. Authentication and Delivery. 

(a) On the Closing Date, the Issuer shall sign, and shall direct the Indenture Trustee in writing pursuant to Section 204 of the
Indenture to duly authenticate, and the Indenture Trustee, upon receiving such direction, shall (i) authenticate (by manual, electronic (PDF) or facsimile signature, including by separate counterparts) the Series 2013-1 Notes, subject to
compliance with the conditions precedent set forth in Section 501 and the Series 2013-1 Note Purchase Agreement, in accordance with such written directions and (ii) subject to compliance with the conditions precedent set forth in
Section 501 and the Series 2013-1 Note Purchase Agreement, deliver such Series 2013-1 Notes to the Series 2013-1 Noteholders in accordance with such written directions. 

(b) In accordance with Section 202 of the Indenture, the Series 2013-1 Notes shall be represented by one or more Definitive Notes. 

(c) The Series 2013-1 Notes shall be executed by manual, electronic (PDF) or facsimile signature on behalf of the Issuer by any officer of the
Issuer and shall be substantially in the form of Exhibit A. 
 (d) The Series 2013-1 Notes shall be issued in minimum denominations
of $250,000 and in integral multiples of $100,000 in excess thereof. 
 Section 203. Interest Payments on the Series 2013-1
Notes. 
 (a) Interest on Series 2013-1 Notes. Interest will be payable on the Series 2013-1 Notes on each Payment Date in an
amount equal to the Series 2013-1 Note Interest Payment. Such interest shall be payable on each Payment Date from amounts on deposit in the Series 2013-1 Series Account in accordance with Section 302 of the Indenture and
Section 303. 
 (b) Interest on Overdue Amounts. If the Issuer shall default in the payment of (i) the Series 2013-1
Note Principal Balance of any Series 2013-1 Note on the Series 2013-1 Legal Final Payment Date, or (ii) the Series 2013-1 Note Interest Payment on any Series 2013-1 Note on any Payment Date, or (iii) any other amount becoming due under
this Supplement, the Issuer shall, from time to time, pay interest on such unpaid amounts, to the extent permitted by Applicable Law, at a rate per annum equal to the sum of (x) the interest rate otherwise in effect hereunder and (y) two
percent (2.0%), for the period during which such principal, interest or other amount shall be unpaid from the due date of such payment to the date of actual payment thereof (after as well as before judgment). Default Interest shall be payable at the
times and subject to the priorities set forth in Section 303. 
 (c) Maximum Interest Rate. In no event shall the
interest charged with respect to a Series 2013-1 Note exceed the maximum amount permitted by Applicable Law. If at any time the interest rate charged with respect to the Series 2013-1 Notes exceeds the maximum rate permitted by Applicable Law, the
rate of interest to accrue pursuant to this Supplement and 

  
 18 

 
such Series 2013-1 Note shall be limited to the maximum rate permitted by Applicable Law, but any subsequent reductions in the LIBOR Rate or Alternative Rate, as the case may be, shall not reduce
the interest to accrue on such Series 2013-1 Note below the maximum amount permitted by Applicable Law until the total amount of interest accrued on such Series 2013-1 Note equals the amount of interest that would have accrued if a varying rate per
annum equal to the interest rate had at all times been in effect. If the total amount of interest paid or accrued on the Series 2013-1 Note under the foregoing provisions is less than the total amount of interest that would have accrued if the
interest rate had at all times been in effect, the Issuer agrees to pay to the Series 2013-1 Noteholders an amount equal to the difference between (a) the lesser of (i) the amount of interest that would have accrued if the maximum rate
permitted by Applicable Law had at all times been in effect, or (ii) the amount of interest that would have accrued if the interest rate had at all times been in effect, and (b) the amount of interest actually paid in accordance with the
other provisions hereof. 
 Section 204. Principal Payments on the Series 2013-1 Notes. 

(a) The principal balance of the Series 2013-1 Notes shall be payable on each Payment Date from amounts on deposit in the Series 2013-1 Series
Account in an amount equal to (i) so long as no Series 2013-1 Early Amortization Event or Series 2013-1 Event of Default is continuing, the Supplemental Principal Payment Amount for such Payment Date, to the extent that funds are available for
such purpose in accordance with the provisions of Section 303(b), or (ii) if a Series 2013-1 Early Amortization Event is then continuing but no Series 2013-1 Event of Default is continuing (or a Series 2013-1 Event of Default is
continuing but the Series 2013-1 Notes have not been accelerated in accordance with the provisions of Section 802 of the Indenture or Section 403(b)), the then Unpaid Principal Balance for Series 2013-1 shall be payable in
full to the extent that funds are available for such purposes in accordance with the provisions of Section 303(c). 
 (b) The
unpaid principal amount of each Series 2013-1 Note, together with all unpaid interest (including all Default Interest), fees, expenses, costs and other amounts payable by the Issuer to the Series 2013-1 Noteholders, the Indenture Trustee and any
Interest Rate Hedge Provider pursuant to the terms of the Indenture and this Supplement, shall be due and payable in full on the earlier to occur of (x) the date on which a Series 2013-1 Event of Default shall occur and the Series 2013-1 Notes
have been accelerated in accordance with the provisions of Section 802 of the Indenture, and (y) the Series 2013-1 Legal Final Payment Date. 

Section 205. Prepayment of Principal on the Series 2013-1 Notes. 

(a) Mandatory - Series 2013-1 Commitment Deficiency. The Issuer shall be required to prepay the Unpaid Principal Balance for Series
2013-1 on each Payment Date in an amount equal to the excess (the amount of such excess, the “Commitment Deficiency Amount”) of (x) the then Unpaid Principal Balance of all Series 2013-1 Notes over (y) the Aggregate Series
2013-1 Commitment Amount (calculated after giving effect to all increases and decreases in such amount taking effect since the immediately preceding Payment Date and including those that take effect on such Payment Date). 

  
 19 

 (b) Mandatory - Asset Base Deficiency. The Issuer shall be required to prepay the Unpaid
Principal Balance for Series 2013-1 on any Payment Date in the amount of, and to the extent that, on such Payment Date the Unpaid Principal Balance for Series 2013-1 exceeds an amount equal to the Series 2013-1 Asset Base, determined as of the last
day of the month immediately preceding such Payment Date (the “Supplemental Principal Payment Amount”). The Supplemental Principal Payment Amount shall be paid to each Series 2013-1 Noteholder in accordance with its respective Pro
Rata Share in accordance with the priority of payments set forth in Section 303. The provisions of this Section 205(b) shall be applied before any payments are made pursuant to Section 205(c). The calculation of
such Supplemental Principal Payment Amount shall be evidenced by the Asset Base Certificate received by the Indenture Trustee on or before the applicable Determination Date. 

(c) Optional. The Issuer will have the option to prepay, without premium, all, or a portion of, the Unpaid Principal Balance for Series
2013-1, in a minimum amount of Two Hundred Fifty Thousand Dollars ($250,000). Any such Prepayment with respect to Series 2013-1 shall also include accrued interest to the date of Prepayment on the principal balance being prepaid, and, if such
prepayment is made on a Business Day other than a Payment Date, any Breakage Costs attributable to such Prepayment. The Issuer may not make such Prepayment from funds in the Trust Account, the Excess Funding Account, the Series 2013-1 Series Account
or the Series 2013-1 Restricted Cash Account, except to the extent that funds in any such account would otherwise be payable to the Issuer in accordance with the terms hereof and of the Indenture. In the event of any Prepayment of the Series 2013-1
Notes in accordance with this Section 205(b) or any other provision of the Indenture, the Issuer shall pay any termination, notional reduction, breakage or other fees or costs assessed by any Interest Rate Hedge Provider. The Issuer must
provide advance notice of at least two Business Days to the Indenture Trustee of any such optional Prepayment, which notice shall be irrevocable when delivered. 

Section 206. Payments of Principal and Interest. 

All payments of principal and interest on the Series 2013-1 Notes shall be paid to the Series 2013-1 Noteholders reflected in the Note
Register as of the related Record Date by wire transfer of immediately available funds for receipt prior to 11:00 a.m. (New York City time) on the related Payment Date. Any payments received by the Series 2013-1 Noteholders after 11:00 a.m. (New
York City time) on any day shall be considered to have been received on the next succeeding Business Day. 
 Section 207. Amounts
and Terms of Series 2013-1 Noteholder Commitments; Payments. 
 (a) Subject to the terms and conditions hereof and the Series 2013-1
Note Purchase Agreement, each Series 2013-1 Noteholder agrees to make its Series 2013-1 Note Commitment available to the Issuer on the Closing Date. 

(b) (i) Prior to the Conversion Date, each Series 2013-1 Note shall be a revolving note with a maximum principal amount equal to the then
Series 2013-1 Note Commitment of such Series 2013-1 Noteholder. Each Deal Agent shall maintain records of all Series 2013-1 Advances and repayments made on each Series 2013-1 Note, which records shall,

  
 20 

 
absent manifest error, be conclusive. On any Business Day requested by the Issuer in an irrevocable writing in the form of Exhibit B (a “Funding Notice”), delivered by not later
than 5:00 p.m. (New York City time) on the third (3rd) preceding Business Day, subject to satisfaction of all applicable conditions precedent set forth in the Series 2013-1 Note Purchase Agreement and in Section 502 (and, in the
case of the initial Series 2013-1 Advance, Section 501), each Series 2013-1 Noteholder shall deposit in the account designated by the Issuer by wire transfer of same day funds an amount equal to its Pro Rata Share of the requested Series
2013-1 Advance on the date for such Series 2013-1 Advance set forth in a properly completed Funding Notice (the “Funding Date” for such Series 2013-1 Advance); provided, however, that if any Purchaser intends that all or any
portion of its Pro Rata Share of a requested Series 2013-1 Advance be funded by an Affected Purchaser in its Related Group, and such Purchaser shall have provided the Indenture Trustee and the Issuer with a written notice (such notice as described
in this proviso, an “Affected Purchase Notice”), not later than the second Business Day after delivery by the Issuer of any Funding Notice, stating (i) that such Purchaser intends for a CP Purchaser in its Related Group to fund
all or a portion of such Purchaser’s Pro Rata Share of the requested Series 2013-1 Advance, (ii) the name of such Affected Purchaser and certifying that such CP Purchaser is an Affected Purchaser, (ii) the amount of such
Purchaser’s Pro Rata Share of the requested Series 2013-1 Advance to be funded by such Affected Purchaser (the “Affected Portion”), then such three Business Day time period shall apply only to such Purchaser’s Pro Rata
Share of the requested Series 2013-1 Advance that is not funded by an Affected Purchaser (the “Ordinary Portion”), and such Purchaser may fulfill its funding obligations in respect of the Affected Portion by the funding, by such
Affected Purchaser, not later than the thirty-fifth (35th) day following Issuer’s delivery of such Funding Notice (the “Affected Funding Date”), of such Affected CP Portion. Delivery of an Affected Purchase Notice shall
not alter the obligation of any Purchaser to fund its Ordinary Portion on the applicable Funding Date. 
 (ii) Each Series 2013-1 Advance by
a Series 2013-1 Noteholder shall be in an amount (A) not less than the least of $100,000 and the lesser of the amounts described in the following clauses (B)(x) and (y), (B) not greater than the lesser of (x) the then Unused
Commitment of such Series 2013-1 Noteholder and (y) such Series 2013-1 Noteholder’s ratable share (determined based on the then aggregate unused Series 2013-1 Note Commitments of all Series 2013-1 Noteholders) of the Availability on such
Business Day, and in the event that any Series 2013-1 Noteholder fails to make a Series 2013-1 Advance in accordance with its Series 2013-1 Note Commitment, then the other Series 2013-1 Noteholder(s) shall not be obligated to fund the Pro Rata Share
of the Series 2013-1 Advance of the defaulted Series 2013-1 Noteholder(s). 
 (iii) Each Funding Notice shall constitute an affirmation by
Issuer that all of the conditions precedent set forth in Section 502 and Section 3.2 of the Series 2013-1 Note Purchase Agreement are true, correct and complete in all material respects to the same extent as though made on and as of
the date of the request, except to the extent such representations and warranties specifically relate to an earlier date, in which event they shall be true, correct and complete in all material respects as of such earlier date. 

(iv) If a Series 2013-1 Noteholder fails to fund a requested Series 2013-1 Advance pursuant to a valid Funding Notice made in accordance with
Section 207(b)(i), the Issuer shall promptly notify the Indenture Trustee that such Person should be classified as a 

  
 21 

 
Defaulting Noteholder. Thereafter, the Issuer may notify the Indenture Trustee of any subsequent change in such classification. Notwithstanding the foregoing, between the Funding Date and the
Affected Funding Date for any Series 2013-1 Advance (the “Affected Funding Period”), no Series 2013-1 Noteholder that has delivered an Affected Purchase Notice shall constitute a Defaulting Noteholder solely by virtue of not yet
having funded its Affected Portion. 
 (c) Subject to Section 212(a)(iii), on each Payment Date, the Issuer shall pay an unused
fee (the “Unused Fee”) to each Series 2013-1 Noteholder in an amount equal to the sum for each day during the immediately preceding Interest Accrual Period of the product of (x) the applicable Unused Fee Percentage on such
date, (y)1/360 and (z)the Unused Commitment of such Series 2013-1 Noteholder on such date. Such Unused Fee shall be payable from amounts then on deposit in the Series 2013-1 Series Account in accordance with Section 303. 

Section 208. Taxes. 

(a) In addition to payments of principal and interest on the Series 2013-1 Notes when due, the Issuer shall pay, but only in accordance with
the priorities for distributions set forth in Section 303, to each affected Series 2013-1 Noteholder and any member of its Related Group that has advanced funds to, sold, committed to advance funds to, or committed to purchase from a
Series 2013-1 Noteholder, an interest in the Series 2013-1 Note owned by such Series 2013-1 Noteholder (such Series 2013-1 Noteholder or any such member of its Related Group being an “Indemnified Party”), any and all present or
future taxes, fees, duties, levies, imposts, or charges, or any other similar deduction or withholding, imposed by any Governmental Authority on payments owing by the Issuer to such Indemnified Party, and all liabilities with respect thereto,
excluding (i) taxes imposed by the jurisdiction in which that Indemnified Party’s principal office is located (and/or the office where such Indemnified Party books its investment in its Series 2013-1 Note) on all or part of the net income,
profits or gains of such Indemnified Party and (ii) interest, penalties, and additions thereto arising out of such Indemnified Party’s action or inaction (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities being hereinafter referred to as “Taxes”). 
 (b) In addition, the Issuer shall pay, subject to the priorities
set forth in Section 303, any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies which arise from any payment made hereunder or from the execution, delivery or registration of,
or otherwise with respect to, this Supplement or any other documents related to the issuance of the Series 2013-1 Notes (hereinafter referred to as “Other Taxes”). 

(c) If any Taxes or Other Taxes are directly asserted or imposed against any Indemnified Party, the Issuer shall indemnify and hold harmless
such Indemnified Party, subject to the priorities for distribution set forth in Section 303, for the full amount of the Taxes or Other Taxes (including any Taxes or Other Taxes asserted or imposed by any jurisdiction on amounts payable
under this Section 208) paid by the Indemnified Party and any liability (including penalties, interest, additions to tax and expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or
legally asserted or imposed. If the Issuer fails to pay any Taxes or Other Taxes when due to the appropriate taxing authority or fails to remit to the Indemnified Party the required receipts or other required documentary evidence,

  
 22 

 
the Issuer shall indemnify the Indemnified Party for any incremental Taxes or Other Taxes, interest or penalties that may become payable by the Indemnified Party as a result of any such failure.
Payment under this indemnification shall be made in accordance with the priorities for distributions set forth in Section 303 after the Indemnified Party makes written demand therefor. The Indemnified Party shall give prompt notice to
Issuer of any assertion of Taxes or Other Taxes so that Issuer may, at its option, contest such assertion. 
 (d) Within thirty
(30) days after the date of any payment by the Issuer of Taxes or Other Taxes, the Issuer shall furnish to each Series 2013-1 Noteholder the original or a certified copy of a receipt evidencing payment thereof, or other evidence of payment
reasonably satisfactory to such Series 2013-1 Noteholder. 
 (e) Taxes and Other Taxes shall not constitute a “claim” (as defined
in Section 101(5) of the Bankruptcy Code) against the Issuer or the Collateral in the event there are insufficient funds to make such payments in accordance with the payment priorities set forth in Section 303. 

(f) On or before the date it acquires a Series 2013-1 Note (and, so long as it may properly do so, periodically thereafter, as requested by
Issuer, to keep forms up to date), each Indemnified Party that is organized under the laws of a jurisdiction outside the United States of America shall deliver to the Indenture Trustee any certificates, documents or other evidence that shall be
required by the Code (or any regulations issued pursuant thereto) to establish that, assuming the Series 2013-1 Notes are properly characterized as indebtedness, it is exempt from existing United States Federal withholding requirements, including
(i) two original copies of Internal Revenue Service Form 1001 or Form 4224 or successor applicable form, properly completed and duly executed by the Series 2013-1 Noteholder certifying that it is entitled to receive payments under this
Supplement without deduction or withholding of any United States Federal income taxes, and (ii) an original copy of Internal Revenue Service Form W-8 or W-9 or applicable successor form, properly completed and duly executed; provided,
that if any Series 2013-1 Noteholder does not comply with this Section 208(f), amounts payable to such Series 2013-1 Noteholder under this Section 208 shall be limited to amounts that would have been payable under this
Section 208 if such Series 2013-1 Noteholder had so complied. 
 Section 209. Increased Costs. 

If any Indemnified Party shall determine that, due to (a) the adoption of, or of any change in, any applicable law, rule or regulation
after the Closing Date (“Applicable Law”) (other than any change by way of imposition of or increase in reserve requirements included in the calculation of the LIBOR Rate), (b) any change after the Closing Date in the
interpretation or administration by any Governmental Authority of any Applicable Law or compliance with any guideline or request issued after the Closing Date from any central bank or other Governmental Authority (whether or not having the force of
law) and (c) the necessary and proper compliance, application or implementation by any Indemnified Party with the foregoing clause (a) or (b) or any Applicable Law, there shall be any increase in the cost to such Indemnified Party of
agreeing to maintain its investment in any Note, then the Issuer shall be liable for, and shall from time to time, pay to such Indemnified Party upon written request such additional amounts as are sufficient to compensate such Indemnified Party for
such Increased Costs; provided, however, 

  
 23 

 
that such Indemnified Party shall (i) use reasonable efforts in good faith to mitigate any such Increased Costs and (ii) provide to Issuer in writing the basis for such Increased Costs.
Payment under this indemnification shall be made in accordance with the priorities for distributions set forth in Section 303 after the Indemnified Party makes written demand therefor. Amounts payable pursuant to this
Section 209 shall not constitute a claim against the Issuer or the Collateral in the event that such amounts are not paid in accordance with Section 303. 

Section 210. Capital Requirements. 

If any Indemnified Party shall determine that (i) the adoption of, or change in, after the Closing Date, any law, rule, regulation or
guideline adopted by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or any foreign regulatory authorities, in each case pursuant to or arising out of
Basel II or Basel III, (i) the adoption after the Closing Date of any law, governmental rule, regulation, guideline or directive regarding capital adequacy (whether or not having the force of law), (i) any change after the Closing Date in
the enforcement or interpretation or administration of any of the foregoing by any Governmental Authority charged with the enforcement or interpretation or administration thereof, including any guidance or request made a Governmental Authority
(whether or not having the force of law), or (d) the compliance, application or implementation by any Indemnified Party (or any business office of the Indemnified Party) or the Indemnified Party’s holding company with any of the foregoing
clauses (i), (ii) or (iii) or any Existing Law has or would have the effect of reducing the rate of return on the Indemnified Party’s capital or on the capital of the Indemnified Party’s holding company, if any, as a consequence
of maintaining its commitment to purchase Notes or maintain its investment in a Note to a level below that which the Indemnified Party or the Indemnified Party’s holding company could have achieved but for the occurrences set out in the
foregoing clauses (i), (ii), (iii) or (iv) (taking into consideration the Indemnified Party’s policies and the policies of the Indemnified Party’s holding company with respect to capital adequacy) by an amount reasonably deemed
by the Indemnified Party to be material, then upon written demand by the Indemnified Party, the Issuer shall be liable for such additional amount or amounts as will compensate the Indemnified Party or the Indemnified Party’s holding company for
any such reduction suffered. Payment of this indemnification shall be made in accordance with the priorities for distributions set forth in Section 303 after the Indemnified Party makes written demand therefor. Indemnification amounts
shall not constitute a claim against the Issuer or the Collateral in the event such amounts are not paid in accordance with Section 303. Without affecting its rights under this Section 210 or any other provision hereof or the
Indenture, the Indemnified Party agrees that if there is an increase in any cost to or reduction in any amount receivable by the Indemnified Party with respect to which the Issuer would be obligated to compensate the Indemnified Party pursuant to
this Section 210, the Indemnified Party shall use reasonable efforts to select an alternative business office which would not result in any such increase in any cost to or reduction in any amount receivable by the Indemnified Party;
provided, however, that the Indemnified Party shall not be obligated to select an alternative business office if the Indemnified Party determines that (i) as a result of such selection the Indemnified Party would be in violation of any
applicable law, governmental rule or regulation or would incur material, additional costs or expenses, or (ii) such selection would be unavailable for regulatory reasons. 

  
 24 

 Section 211. Affected Parties. 

(a) A certificate of an Indemnified Party setting forth the amount or amounts necessary to compensate such an Indemnified Party as specified
in Section 209 or 210 and delivered to the Issuer shall be conclusive absent manifest error; provided that such certificate (i) sets forth in reasonable detail the amount or amounts payable to such Indemnified Party
pursuant to such Section 209 or 210, (ii) explains the methodology used to determine such amount, (iii) states that the applicable increased costs or reductions were suffered no more than ninety (90) days (or, if
the circumstances giving rise to such increased costs or reductions were retroactive, such period in excess of ninety (90) days as includes the period of retroactive effect) prior to the date of such certificate, and (iv) states that such
amount is consistent with amounts that such Indemnified Party has required other similarly situated borrowers or obligors to pay with respect to such increased costs or reductions. 

(b) Failure or delay on the part of any Indemnified Party to demand compensation pursuant to Section 209 or 210 shall not
constitute a waiver of such Indemnified Party’s right to demand such compensation, provided that, notwithstanding the foregoing, the Issuer shall not be required to compensate an Indemnified Party pursuant to such Sections (i) to the
extent that such increased costs or reductions were suffered more than ninety (90) days prior to the date on which such Indemnified Party notifies the Issuer of the circumstances giving rise to such increased costs or reductions and of such
Indemnified Party’s intention to claim compensation therefor (except that, if the circumstances giving rise to such increased costs or reductions is retroactive, then the ninety (90) day period referred to above shall be extended to
include the period of retroactive effect thereof) or (ii) if such Indemnified Party has not required other similarly situated borrowers or obligors to pay comparable amounts with respect to such increased costs or reductions. 

(c) The Issuer may, at its sole expense and effort, upon not less than three Business Days prior written notice to any Indemnified Party that
makes a demand pursuant to Section 209 or 210 (each an “Affected Party”), require such Affected Party to transfer and assign, without recourse (in accordance with and subject to the restrictions contained in the
Indenture), all of its interests, rights and obligations under its Series 2013-1 Note to an assignee that shall assume such assigned obligations (which assignee may or may not be another Series 2013-1 Noteholder, if a Series 2013-1 Noteholder
accepts such assignment, but is not required to be another Series 2013-1 Noteholder); provided that (A) such Affected Party shall have received payment of an amount equal to the outstanding principal of its Series 2013-1 Note, accrued
interest thereon, accrued fees and all other amounts payable to it hereunder (including any amounts that have been accrued pursuant to Section 209 or 210, as applicable) and under the other Series 2013-1 Related Documents from the
Issuer or the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Issuer (in the case of all other amounts); and (B) such assignment does not conflict with Applicable Law. 

  
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 Section 212. Defaulting Noteholders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in any Series 2013-1 Related Document, if any Series 2013-1
Noteholder becomes a Defaulting Noteholder, then, until such time as that Series 2013-1 Noteholder is no longer a Defaulting Noteholder, to the extent permitted by applicable law: 

(i) Waivers and Amendments. Notwithstanding anything to the contrary in any Series 2013-1 Related Document, a Series
2013-1 Noteholder that is then classified as Defaulting Noteholder shall not have any right to approve or disapprove any amendment, waiver or consent under any Series 2013-1 Related Document (and any amendment, waiver or consent which by its terms
requires the consent of all Series 2013-1 Noteholders or each affected Series 2013-1 Noteholder may be effected with the consent of the applicable Series 2013-1 Noteholders other than Defaulting Noteholders), except that (A) the Series 2013-1
Note Commitment of any Defaulting Noteholder may not be increased or extended without the consent of such Series 2013-1 Noteholder and (B) any waiver, amendment or modification requiring the consent of all Series 2013-1 Noteholders or each
affected Series 2013-1 Noteholder that by its terms affects any Defaulting Noteholder more adversely than other affected Series 2013-1 Noteholders shall require the consent of such Defaulting Noteholder. 

(ii) Limited Right of Set-off. During the period from the Closing Date to the Conversion Date, any amounts on deposit in
the Series 2013-1 Series Account which would otherwise be payable as principal, interest, fees or other amounts (whether payable pursuant to Section 303 or otherwise) to a Series 2013-1 Noteholder that is then classified as a Defaulting
Noteholder, shall, in accordance with the written direction of the Issuer, be applied to fund to the Issuer any previously requested Series 2013-1 Advance in respect of which such Defaulting Noteholder has failed to fund its portion thereof as
required by the terms of the Series 2013-1 Related Documents. Any payments, prepayments or other amounts paid or payable to a Defaulting Noteholder that are so applied shall be deemed paid to and redirected by such Defaulting Noteholder, and each
Series 2013-1 Noteholder is hereby deemed to have irrevocably consented to this treatment. 
 (iii) Unused Fees. A
Defaulting Noteholder shall not be entitled to receive any Unused Fee accrued during any period in which such Series 2013-1 Noteholder is a Defaulting Noteholder (and the Issuer shall not be required to pay any such fee that otherwise would have
been required to have been paid to such Defaulting Noteholder). 
 (b) Replacement of Defaulting Noteholder. The Issuer may, at its
sole expense and effort, upon not less than three Business Days prior written notice to a Defaulting Noteholder, require such Defaulting Noteholder to transfer and assign, without recourse (in accordance with and subject to the restrictions
contained in the Indenture), all of its interests, rights and obligations under its Series 2013-1 Note to an assignee that shall assume such assigned obligations (which assignee may or may not be another Series 2013-1 Noteholder, if a Series 2013-1
Noteholder accepts such assignment, but is not required to be another Series 2013-1 Noteholder); provided that (A) such Defaulting Noteholder shall have received payment of an amount equal to the outstanding principal of its Series
2013-1 Note, accrued interest thereon, 

  
 26 

 
accrued fees and all other amounts payable to it hereunder and under the other Series 2013-1 Related Documents, excluding Breakage Costs, from the Issuer or the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Issuer (in the case of all other amounts), except to the extent that any Unused Fees are not due and payable to such Defaulting Noteholder pursuant to Section 212(a)(iii); and
(B) such assignment does not conflict with Applicable Law. 
 (c) Defaulting Noteholder Cure. If through the application of the
provisions of Section 212(a)(ii) or otherwise by the Defaulting Noteholder, a Defaulting Noteholder shall have fully funded all Series 2013-1 Advances that it has previously failed to fund, such Person shall cease to be classified as a
Defaulting Noteholder. 
 Section 213. Grant of Security Interest. 

(a) In order to secure and provide for the repayment and payment of the Series 2013-1 Notes, the Issuer hereby grants a security interest in
and assigns, pledges, grants, transfers and sets over to the Indenture Trustee, for the benefit of the Series 2013-1 Noteholders and each Interest Rate Hedge Provider with respect to Series 2013-1, all of the Issuer’s right, title and interest
in and to the following (whether now or hereafter existing or accrued): (i) the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account; (ii) all funds on deposit in the Series 2013-1 Restricted Cash Account and Series
2013-1 Series Account and all Security Entitlements credited thereto from time to time; (iii) all investments made at any time and from time to time with monies in the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account,
whether constituting securities, instruments, general intangibles, investment property, financial assets or other property; (v) all interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise
distributed in respect of, or in exchange for, such Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account, the funds on deposit therein from time to time or the investments made with such funds; and (vi) all proceeds of any
and all of the foregoing, including, without limitation, cash (items described in clauses (i) through (vi) collectively, the “Series 2013-1 Series-Specific Collateral”). The Indenture Trustee shall possess all right, title
and interest in and to all funds on deposit from time to time in the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account and in all proceeds thereof, and shall be the only person authorized to originate Entitlement Orders with
respect thereto. 
 (b) The Issuer hereby irrevocably authorizes the Indenture Trustee at any time, and from time to time, to file in any
filing office in any UCC jurisdiction any financing statements with respect to the foregoing, including financing statements claiming a security interest in the Series 2013-1 Series-Specific Collateral; provided, however, that the Indenture
Trustee shall have no responsibility or liability for or with respect to the perfection of any security interest. 
 (c) In furtherance of
the foregoing, the Issuer hereby grants, assigns, conveys, mortgages, pledges, charges, hypothecates and transfers to the Indenture Trustee, for the benefit of the Noteholders, a floating charge over all of the Series 2013-1 Series-Specific
Collateral. 

  
 27 

 (d) Upon the occurrence of a Series-Specific Event of Default, the Control Party shall direct the
exercise of remedies with respect to the Series 2013-1 Series-Specific Collateral. 
 (e) In the event that Series 2013-1 shall be a
Liquidating Series, the Control Party may direct a partial sale of Terminated Managed Containers and Leases included in the Collateral in accordance with the provisions of Article VIII of the Indenture. 

Section 214. Decrease and/or Increase in the Series 2013-1 Note Commitments. 

(a) The Issuer may decrease and/or increase the Series 2013-1 Note Commitments from time to time upon the terms and conditions set forth in
Section 2.3 of the Series 2013-1 Note Purchase Agreement. 
 (b) The Series 2013-1 Note Commitment of a Series 2013-1 Noteholder may
decrease prior to the Conversion Date. 
 ARTICLE III 

Series 2013-1 Series Account and 

Allocation and Application of Amounts Therein 

Section 301. Series 2013-1 Series Account. The Issuer shall establish on the Closing Date and maintain, so long as any Series
2013-1 Note is Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Series 2013-1 Series Account, which account shall be pledged to the Indenture Trustee for the benefit of the Series
2013-1 Noteholders pursuant to the Indenture and this Supplement. All deposits of funds by, or for the benefit of, the Series 2013-1 Noteholders from the Trust Account and the Excess Funding Account, shall be accumulated in, and withdrawn from, the
Series 2013-1 Series Account in accordance with the provisions of the Indenture and this Supplement. 
 Section 302. Restricted Cash
Account for Series 2013-1. 
 (a) The Issuer shall establish on or prior to the Closing Date, and shall thereafter maintain so long as
any Series 2013-1 Note remains Outstanding, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the “Series 2013-1 Restricted Cash Account”, which account shall be held by the
Indenture Trustee for the benefit of the Series 2013-1 Noteholders pursuant to the terms of this Supplement. On the Closing Date and on any date thereafter in the event that the Issuer receives a Capital Contribution for such purpose, the Issuer
will deposit (or cause to be deposited) into the Series 2013-1 Restricted Cash Account an amount necessary to cause the amount therein to be equal to the Series 2013-1 Restricted Cash Amount as of such date. In addition, on each Payment Date amounts
shall be deposited in the Series 2013-1 Restricted Cash Account in accordance with Section 303. The Series 2013-1 Restricted Cash Account shall not be relocated to another financial institution except in accordance with the express
provisions of Section 303(d) of the Indenture. Any and all monies on deposit in such account shall be invested in Eligible Investments in accordance with Section 303 of the Indenture and shall be distributed in accordance with this
Section 302. 

  
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 (b) In the event that the Manager Report with respect to any Determination Date shall state that
the funds on deposit in the Series 2013-1 Series Account will not be sufficient to make payment in full on the related Payment Date of the related Interest Payment then due for the Series 2013-1 Notes (the amount of such deficiency, the
“Permitted Interest Withdrawal”), then the Indenture Trustee shall on such Determination Date draw on the Series 2013-1 Restricted Cash Account in an amount equal to the lesser of (x) the Permitted Interest Withdrawal, and
(y) the amount then on deposit in the Series 2013-1 Restricted Cash Account. 
 (c) In the event that the Manager Report with respect
to any Determination Date shall state that the funds on deposit in the Series 2013-1 Series Account will not be sufficient to make payment in full on the related Payment Date of the amounts set forth in clauses (i) through
(xii) of Section 303(b) (the amount of such deficiency, without duplication of any Permitted Interest Withdrawal, as set forth in such Manager Report, the “Permitted Expenses Withdrawal”), then the Indenture
Trustee shall on such Determination Date draw on the Series 2013-1 Restricted Cash Account in an amount equal to the least of (x) the Permitted Expenses Withdrawal, (y) the amount then on deposit in the Series 2013-1 Restricted Cash
Account and (z) the product of fifty percent (50%) and the amount deposited into the Series 2013-1 Restricted Cash Account pursuant to paragraph (2)(A) of the definition of “Series 2013-1 Restricted Cash Amount” on the most
recent Transfer Date (as set forth in such Manager Report); provided, however, that notwithstanding the foregoing, a Permitted Expenses Withdrawal shall only be permitted on each of the initial two (2) Payment Dates following a Transfer
Date. 
 (d) In the event that the Manager Report delivered with respect to the Determination Date immediately preceding the Series 2013-1
Legal Final Payment Date shall state that the funds on deposit in the Series 2013-1 Series Account will not be sufficient to make payment in full on the Series 2013-1 Legal Final Payment Date of the then Unpaid Principal Balance for Series 2013-1
(the amount of such deficiency, the “Permitted Principal Withdrawal”), then the Indenture Trustee shall on such Determination Date draw on the Series 2013-1 Restricted Cash Account in an amount equal to the least of (w) the
Unpaid Principal Balance for Series 2013-1, (x) the Permitted Principal Withdrawal and (y) the amount then on deposit in the Series 2013-1 Restricted Cash Account. 

(e) Drawings will be made pursuant to Section 302(b) and Section 302(c) before any drawing is made on the applicable
Determination Date pursuant to Section 302(d), and notice of each such drawing will be delivered to the Manager, by hand delivery or facsimile transmission. Any such funds actually received by the Indenture Trustee pursuant to
Section 302(b), (c) or (d) shall be used solely to make payments of the Series 2013-1 Note Interest Payment, payment of the amounts set forth in clauses (i) through (xii) of
Section 303(b) or payment of the Unpaid Principal Balance for Series 2013-1, as the case may be. 
 (f) On each Payment Date,
the Indenture Trustee shall, in accordance with the Manager Report (or in the absence of any Manager Report, in accordance with written instructions from the Requisite Global Majority), deposit in the Series 2013-1 Series Account for distribution in
accordance with the terms of this Supplement the positive difference, if any, of (i) the amounts then on deposit in the Series 2013-1 Restricted Cash Account (after giving effect to any withdrawals therefrom on such Payment Date), minus
(ii) an amount equal to the Series 

  
 29 

 
2013-1 Restricted Cash Amount for such Payment Date. On the Series 2013-1 Legal Final Payment Date or, at the direction of the Control Party upon the occurrence of a Series 2013-1 Event of
Default, any remaining funds in the Series 2013-1 Restricted Cash Account will be deposited in the Series 2013-1 Series Account and be distributed in accordance with Section 303. 

Section 303. Distributions from Series 2013-1 Series Account; Series-Specific Management Fees. 

(a) On each Payment Date and on each other date on which any payment is to be made in accordance with Section 203, 204 or
205, based on the Manager Report (or in the absence of any Manager Report, in accordance with written instructions from the Requisite Global Majority), upon which the Indenture Trustee may conclusively rely, the Indenture Trustee shall
distribute the Series 2013-1 Available Funds then on deposit in the Series 2013-1 Series Account in accordance with the provisions of Section 303(b), (c) and (d). 

(b) If neither a Series 2013-1 Early Amortization Event nor a Series 2013-1 Event of Default shall have occurred and shall then be continuing:

 (i) To each of the following on a pro rata basis: (x) To the Indenture Trustee, an amount equal to the sum of
(A) the Indenture Trustee’s Fees then due and payable for the Series 2013-1 Notes (subject to a per annum dollar limitation of Forty Thousand Dollars ($40,000)) and (B) an amount equal to the product of (i) the Asset Allocation
Percentage for Series 2013-1 and (ii) any amounts payable to the Indenture Trustee on such Payment Date in accordance with the provisions of Section 403(e) of the Indenture, and (y) to the Administrative Agent, the amount of
Administrative Agent Fee (and any arrearages thereof) then due and payable; 
 (ii) To the Director Services Provider, in the
amount of any unpaid fees (to the extent not previously paid) owing pursuant to the Director Services Agreement (not to exceed an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and (B) $25,000 per
annum); 
 (iii) To the Manager, (A) an amount equal to the Series 2013-1 Management Fee then due and payable and
(B) the amount of any Management Fee Arrearage in respect of any Series 2013-1 Management Fee, but in each case only to the extent not previously withheld by the Manager in accordance with the terms of the Series 2013-1 Related Documents; 

(iv) To the Manager, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and
(B) any unreimbursed Manager Advances made in accordance with the terms of the Management Agreement; 
 (v) To each of
the following on a pro rata basis: (a) To the Manager Transfer Facilitator, any Manager Transfer Facilitator Fees then due and payable (not to exceed $6,000 per annum) and the payment of (or reimbursement for) any out-of-pocket expenses
incurred by the Manager Transfer Facilitator related to the 

  
 30 

 
actual transfer from the Manager to a Back-up Manager, and (b) to the Back-up Manager, an amount equal to the product of (x) the Asset Allocation Percentage for Series 2013-1 and
(y) any Back-Up Manager fees then due and payable; 
 (vi) To the Persons entitled thereto: (A) the product of
(x) the Asset Allocation Percentage for Series 2013-1 and (y) any auditing, accounting and related fees then due and payable which are classified as an Issuer Expense, and (B) the product of (x) the Asset Allocation Percentage
for Series 2013-1 and (y) any other Issuer Expenses then due and payable, so long as the aggregate amount paid pursuant to this clause (vi) in any calendar year would not exceed an amount equal to the product of (i) the Asset
Allocation Percentage for Series 2013-1 and (ii) Fifty Thousand Dollars ($50,000) in aggregate; 
 (vii) To the
Administrative Agent, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and (B) any other amounts then due and payable the Administrative Agent; 

(viii) To each Interest Rate Hedge Provider on a pro rata basis (based on amounts then due and payable under all Interest Rate
Hedge Agreements), an amount equal to all scheduled payments and interest thereon (but excluding termination payments thereunder) then due and payable under the related Interest Rate Hedge Agreement and the amount of any arrearages thereof; 

(ix) To each Series 2013-1 Noteholder on the immediately preceding Record Date, an amount equal to its Pro Rata portion of the
Series 2013-1 Note Interest Payment (exclusive of Step Up Warehouse Fees and Default Fees on the Series 2013-1 Notes) for such Payment Date; 

(x) To the Series 2013-1 Restricted Cash Account, an amount sufficient so that the total amount on deposit in the Series 2013-1
Restricted Cash Account is equal to the Series 2013-1 Restricted Cash Amount for such Payment Date; 
 (xi) To each Series
2013-1 Noteholder on the immediately preceding Record Date, an amount equal to its Pro Rata portion of the Supplemental Principal Payment Amount for the Series 2013-1 Notes on such Payment Date; 

(xii) To each Interest Rate Hedge Provider on a pro rata basis (based on amounts then due and payable under all Interest Rate
Hedge Agreements), an amount equal to all remaining amounts then due and payable under the related Interest Rate Hedge Agreement (after giving effect to clause (viii) above); 

(xiii) To each Series 2013-1 Noteholder on the immediately preceding Record Date, an amount equal to its Pro Rata portion of an
amount equal to all other amounts then due and payable to the Series 2013-1 Noteholders, including, without limitation, Step Up Warehouse Fees, Default Interest, increased costs, taxes and indemnity payments identified in this Supplement; 

  
 31 

 (xiv) To the Series Accounts of each other Series, all remaining Series 2013-1
Available Funds to be allocated to such other Series of Notes in accordance with Section 304; 
 (xv) To each of the
following on a pro rata basis: (a) To the Manager Transfer Facilitator, an amount equal to the product of (x) the Asset Allocation Percentage for Series 2013-1 and (y) any amounts then due and payable thereto, in each case in
accordance with the Series 2013-1 Related Documents and after giving effect to the payment made pursuant to clause (v) above, and (b) to the Back-up Manager, an amount equal to the product of (i) the Asset Allocation Percentage for
Series 2013-1 and (ii) any amounts then due and payable thereto, in each case in accordance with the Series 2013-1 Related Documents and after giving effect to the payment made pursuant to clause (v) above; 

(xvi) To the Indenture Trustee, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1
and (B) the Indenture Trustee’s Fees, expenses and other indemnified amounts then due and payable, after giving effect to the payment made pursuant to clause (i) above; 

(xvii) To the Director Services Provider an amount equal to the product of (i) the Asset Allocation Percentage for Series
2013-1 and (ii) any unpaid indemnification amounts owing pursuant to the Director Services Agreement; 
 (xviii) To each
of the following on a pro rata basis: (A) to the Issuer, an amount equal to the product of (i) the Asset Allocation Percentage for Series 2013-1 and (ii) the amount of any indemnity payments payable to the officers, directors and/or
managers of the Issuer required to be made by the Issuer, and (B) to the Manager, an amount equal to the product of (i) the Asset Allocation Percentage for Series 2013-1 and (ii) the amount of any officer and director indemnity
payments required to be made by the Manager; and 
 (xix) The remainder to the Excess Funding Account (for, at Issuer’s
option, retention therein or, while no Trust Event of Default or Asset Base Deficiency is continuing or would result therefrom, further distribution). 

(c) If a Series 2013-1 Early Amortization Event shall then be continuing, but no Series 2013-1 Event of Default shall then be continuing (or a
Series 2013-1 Event of Default is continuing but the Series 2013-1 Notes have not been accelerated in accordance with Section 802 of the Indenture or Section 403(b)): 

(i) To each of the following on a pro rata basis: (x) To the Indenture Trustee, an amount equal to the sum of
(A) the Indenture Trustee’s Fees then due and payable for the Series 2013-1 Notes (subject to a per annum dollar limitation of Forty Thousand Dollars ($40,000)) and (B) an amount equal to the product of (i) the Asset Allocation
Percentage for Series 2013-1 and (ii) any amounts payable to the Indenture Trustee on such Payment Date in accordance with the provisions of Section 403(e) of the Indenture, and (y) to the Administrative Agent, the amount of
Administrative Agent Fee (and any arrearages thereof) then due and payable; 

  
 32 

 (ii) To the Director Services Provider in the amount of any unpaid fees (to the
extent not previously paid) owing pursuant to the Director Services Agreement (not to exceed an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and (B) $25,000 per annum); 

(iii) To the Manager, (A) an amount equal to the Series 2013-1 Management Fee then due and payable and (B) the amount
of any Management Fee Arrearage in respect of any Series 2013-1 Management Fee, but in each case only to the extent not previously withheld by the Manager in accordance with the terms of the Series 2013-1 Related Documents; 

(iv) To the Manager, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and
(B) any unreimbursed Manager Advances made in accordance with the terms of the Management Agreement; 
 (v) To each of
the following on a pro rata basis: (a) To the Manager Transfer Facilitator, any Manager Transfer Facilitator Fees then due and payable (not to exceed $6,000 per annum) and the payment of (or reimbursement for) any out-of-pocket expenses
incurred by the Manager Transfer Facilitator related to the actual transfer from the Manager to a Back-up Manager, and (b) to the Back-up Manager, an amount equal to the product of (x) the Asset Allocation Percentage for Series 2013-1 and
(y) any Back-Up Manager fees then due and payable; 
 (vi) To the Persons entitled thereto: (A) the product of
(x) the Asset Allocation Percentage for Series 2013-1 and (y) any auditing, accounting and related fees then due and payable which are classified as an Issuer Expense, and (B) the product of (x) the Asset Allocation Percentage
for Series 2013-1 and (y) any other Issuer Expenses then due and payable, so long as the aggregate amount paid pursuant to this clause (vi) in any calendar year would not exceed an amount equal to the product of (i) the Asset
Allocation Percentage for Series 2013-1 and (ii) Fifty Thousand Dollars ($50,000) in aggregate; 
 (vii) To the
Administrative Agent, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and (B) any other amounts then due and payable the Administrative Agent; 

(viii) To each Interest Rate Hedge Provider on a pro rata basis (based on amounts then due and payable under all Interest Rate
Hedge Agreements), an amount equal to all scheduled payments and interest thereon (but excluding termination payments thereunder) then due and payable under the related Interest Rate Hedge Agreement and the amount of any arrearages thereof; 

(ix) To each Series 2013-1 Noteholder on the immediately preceding Record Date, an amount equal to its Pro Rata portion of the
Series 2013-1 Note Interest Payment (exclusive of Step Up Warehouse Fees and Default Fees on the Series 2013-1 Notes) for such Payment Date; 

  
 33 

 (x) To the Series 2013-1 Restricted Cash Account, an amount sufficient so that
the total amount on deposit in the Series 2013-1 Restricted Cash Account is equal to the Series 2013-1 Restricted Cash Amount for such Payment Date; 

(xi) To each Series 2013-1 Noteholder on the immediately preceding Record Date, an amount equal to its Pro Rata portion of the
Series 2013-1 Outstanding Principal Amount until all Series 2013-1 Notes have been paid in full; 
 (xii) To each Interest
Rate Hedge Provider on a pro rata basis (based on amounts then due and payable under all Interest Rate Hedge Agreements), an amount equal to all remaining amounts then due and payable under the related Interest Rate Hedge Agreement (after giving
effect to clause (viii) above); 
 (xiii) To each Series 2013-1 Noteholder on the immediately preceding Record Date, an
amount equal to its Pro Rata portion of an amount equal to all other amounts then due and payable to the Series 2013-1 Noteholders, including, without limitation, Step Up Warehouse Fees, Default Interest, increased costs, taxes and indemnity
payments identified in this Supplement; 
 (xiv) To each of the following on a pro rata basis: (a) To the Manager
Transfer Facilitator, an amount equal to the product of (x) the Asset Allocation Percentage for Series 2013-1 and (y) any amounts then due and payable thereto, in each case in accordance with the Series 2013-1 Related Documents and after
giving effect to the payment made pursuant to clause (v) above, and (b) to the Back-up Manager, an amount equal to the product of (i) the Asset Allocation Percentage for Series 2013-1 and (ii) any amounts then due and payable
thereto, in each case in accordance with the Series 2013-1 Related Documents and after giving effect to the payment made pursuant to clause (v) above; 

(xv) To the Indenture Trustee, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and
(B) the Indenture Trustee’s Fees, expenses and other indemnified amounts then due and payable, after giving effect to the payment made pursuant to clause (i) above; 

(xvi) To the Director Services Provider an amount equal to the product of (A) the Asset Allocation Percentage for Series
2013-1 and (B) any unpaid indemnification amounts owing pursuant to the Director Services Agreement; 
 (xvii) To each
of the following on a pro rata basis: (A) to the Issuer, an amount equal to the product of (i) the Asset Allocation Percentage for Series 2013-1 and (ii) the amount of any indemnity payments payable to the officers, directors and/or
managers of the Issuer required to be made by the Issuer, and (B) to the Manager, an amount equal to the product of (i) the Asset Allocation Percentage for Series 2013-1 and (ii) the amount of any officer and director indemnity
payments required to be made by the Manager; and 
 (xviii) The remainder to the Excess Funding Account (for, at
Issuer’s option, retention therein or, while no Trust Event of Default or Asset Base Deficiency is continuing or would result therefrom, further distribution). 

  
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 (d) If a Series 2013-1 Event of Default shall have occurred and then be continuing and the Series
2013-1 Notes have been accelerated in accordance with Section 802 of the Indenture or Section 403(b) and such consequence shall not have been rescinded or annulled: 

(i) To each of the following on a pro rata basis: (x) To the Indenture Trustee, an amount equal to the sum of
(A) the Indenture Trustee’s Fees then due and payable for the Series 2013-1 Notes (subject to a per annum dollar limitation of Seventy-Five Thousand Dollars ($75,000)) and (B) an amount equal to the product of (i) the Asset
Allocation Percentage for Series 2013-1 and (ii) any amounts payable to the Indenture Trustee on such Payment Date in accordance with the provisions of Section 403(e) of the Indenture, and (y) to the Administrative Agent, the amount
of Administrative Agent Fee (and any arrearages thereof) then due and payable; 
 (ii) To the Director Services Provider in
the amount of any unpaid fees (to the extent not previously paid) owing pursuant to the Director Services Agreement (not to exceed an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and (B) $25,000 per
annum); 
 (iii) To the Manager, (A) an amount equal to the Series 2013-1 Management Fee then due and payable and
(B) the amount of any Management Fee Arrearage in respect of any Series 2013-1 Management Fee, but in each case only to the extent not previously withheld by the Manager in accordance with the terms of the Series 2013-1 Related Documents; 

(iv) To the Manager, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1 and
(B) any unreimbursed Manager Advances made in accordance with the terms of the Management Agreement; 
 (v) To each of
the following on a pro rata basis: (a) To the Manager Transfer Facilitator, any Manager Transfer Facilitator Fees then due and payable (not to exceed $6,000 per annum) and the payment of (or reimbursement for) any out-of-pocket expenses
incurred by the Manager Transfer Facilitator related to the actual transfer from the Manager to a Back-up Manager, and (b) to the Back-up Manager, an amount equal to the product of (x) the Asset Allocation Percentage for Series 2013-1 and
(y) any Back-Up Manager fees then due and payable; 
 (vi) To the Persons entitled thereto: (A) the product of
(x) the Asset Allocation Percentage for Series 2013-1 and (y) any auditing, accounting and related fees then due and payable which are classified as an Issuer Expense, and (B) the product of (x) the Asset Allocation Percentage
for Series 2013-1 and (y)

  
 35 

 
any other Issuer Expenses then due and payable, so long as the aggregate amount paid pursuant to this clause (vi) in any calendar year would not exceed an amount equal to the product of
(i) the Asset Allocation Percentage for Series 2013-1 and (ii) Two Hundred Fifty Thousand Dollars ($250,000) in aggregate; 

(vii) To the Administrative Agent, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1
and (B) any other amounts then due and payable the Administrative Agent; 
 (viii) To each Interest Rate Hedge Provider
on a pro rata basis (based on amounts then due and payable under all Interest Rate Hedge Agreements), an amount equal to all scheduled payments and interest thereon (but excluding termination payments thereunder) then due and payable under the
related Interest Rate Hedge Agreement and the amount of any arrearages thereof; 
 (ix) To each Series 2013-1 Noteholder on
the immediately preceding Record Date, an amount equal to its Pro Rata portion of the Series 2013-1 Note Interest Payment (exclusive of Step Up Warehouse Fees and any Default Fees on the Series 2013-1 Notes) for such Payment Date; 

(x) To each Series 2013-1 Noteholder on the immediately preceding Record Date, an amount equal to its Pro Rata portion of the
Series 2013-1 Outstanding Principal Amount until all Series 2013-1 Notes have been paid in full; 
 (xi) To each Interest
Rate Hedge Provider on a pro rata basis (based on amounts then due and payable under all Interest Rate Hedge Agreements), an amount equal to all remaining amounts then due and payable under the related Interest Rate Hedge Agreement (after giving
effect to clause (viii) above); 
 (xii) To each Series 2013-1 Noteholder on the immediately preceding Record Date, an
amount equal to its Pro Rata portion of an amount equal to all other amounts then due and payable to the Series 2013-1 Noteholders, including, without limitation, Step Up Warehouse Fees, Default Interest, increased costs, taxes and indemnity
payments identified in this Supplement; 
 (xiii) To each of the following on a pro rata basis: (a) To the
Manager Transfer Facilitator, an amount equal to the product of (x) the Asset Allocation Percentage for Series 2013-1 and (y) any amounts then due and payable thereto, in each case in accordance with the Series 2013-1 Related Documents and
after giving effect to the payment made pursuant to clause (v) above, and (b) to the Back-up Manager, an amount equal to the product of (i) the Asset Allocation Percentage for Series 2013-1 and (ii) any amounts then due and
payable thereto, in each case in accordance with the Series 2013-1 Related Documents and after giving effect to the payment made pursuant to clause (v) above; 

(xiv) To the Indenture Trustee, an amount equal to the product of (A) the Asset Allocation Percentage for Series 2013-1
and (B) the Indenture Trustee’s Fees, expenses and other indemnified amounts then due and payable, after giving effect to the payment made pursuant to clause (i) above; 

  
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 (xv) To the Director Services Provider an amount equal to the product of
(A) the Asset Allocation Percentage for Series 2013-1 and (B) any unpaid indemnification amounts owing pursuant to the Director Services Agreement; 

(xvi) To each of the following on a pro rata basis: (A) to the Issuer, an amount equal to the product of (i) the
Asset Allocation Percentage for Series 2013-1 and (ii) the amount of any indemnity payments payable to the officers, directors and/or managers of the Issuer required to be made by the Issuer, and (B) to the Manager, an amount equal to the
product of (i) the Asset Allocation Percentage for Series 2013-1 and (ii) the amount of any officer and director indemnity payments required to be made by the Manager; and 

(xvii) To the Series Accounts of each other Series, all remaining Series 2013-1 Available Funds to be allocated to such other
Series of Notes in accordance with Section 304. 
 (e) Any amounts payable to a Series 2013-1 Noteholder pursuant to this
Section 303 shall be made by wire transfer of immediately available funds to the account that such Series 2013-1 Noteholder has designated to the Indenture Trustee in writing at least five (5) Business Days prior to the applicable
Payment Date. Any amounts payable by the Issuer hereunder are contingent upon the availability of funds to make such payment in accordance with the provisions of this Section 303 and, to the extent such funds are not available, shall not
constitute a “Claim” (as defined in Section 101(5) of the Bankruptcy Code) against the Issuer in any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings involving the Issuer in the event that such amounts
are not paid in accordance with this Section 303. 
 Section 304. Allocation of Series 2013-1 Shared Available Funds.

 (a) All Series 2013-1 Shared Available Funds for Series 2013-1 that are available for distribution to other Series of Notes in accordance
with the provisions of Section 303 shall be allocated by the Manager to all Series of Notes then Outstanding (other than (i) the Series 2013-1 Notes and (ii) Liquidation Deficiency Series) that have a Required Payment
Deficiency on such Determination Date. Allocation of Series 2013-1 Shared Available Funds for Series 2013-1 to Liquidation Deficiency Series shall be made in accordance with Section 304(b) and only after all distributions shall have been
made pursuant to this Section 304(a). Allocations shall be made to each such Series having a Required Payment Deficiency in accordance with the following order of priorities, with no payment being made at any level of priority until all
prior priorities have been paid in full: 
 First, to each Series that has not paid in full the Indenture Trustee Fees and expenses
payable by, or allocable to, such Series, the amount of such unpaid Indenture Trustee Fees and expenses; 
 Second, to each Series
that has not paid in full the fees of the Director Service Provider payable by, or allocation to, such Series, the amount of such unpaid fees; 

  
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 Third, to each Series that has not paid in full the Management Fee and Management Fee
Arrearages payable by, or allocable to, such Series, the amount of such unpaid Management Fee and Management Fee Arrearages; 

Fourth, to each Series that has not paid in full the Manager Advances payable by, or allocable to, such Series, the amount of such
unpaid Manager Advances; 
 Fifth, to each Series that has not paid in full the Back-up Management Fees payable by, or allocable to,
such Series, the amount of such unpaid Back-up Management Fees; 
 Sixth, to each Series that has not paid in full the Issuer
Expenses payable by, or allocable to, such Series, the amount of such unpaid Issuer Expenses; 
 Seventh, to each Series that has not
paid in full all interest payments (excluding Default Interest) payable with respect to the senior Class of such Series and all commitment fees payable with respect to the senior Class of such Series, the amount of such unpaid interest payments and
commitment fees; 
 Eighth, to each Series that has not paid in full all regularly scheduled payments (excluding termination
payments) owing to each Interest Rate Hedge Counterparty that has entered into an Interest Rate Hedge Agreement with respect to one or more of the senior Class of such Series, the amount of such unpaid regularly scheduled payments; 

Ninth, to each Series that has not paid in full all interest payments (excluding Default Interest) payable with respect to the
Subordinate Notes of such Series and all commitment fees payable with respect to the Subordinate Notes of such Series, the amount of such unpaid interest payments and commitment fees; 

Tenth, to each Series that has not paid in full all Minimum Principal Payment Amounts for the senior Class of such Series, the amount
of such unpaid Minimum Principal Payment Amounts; 
 Eleventh, to each Series that has not paid in full all Scheduled Principal
Payment Amounts for the senior Class of such Series, the amount of such unpaid Scheduled Principal Payment Amounts; 
 Twelfth, to
each Series that has not paid in full all Supplemental Principal Payment Amounts for the senior Class of such Series, the amount of such unpaid Supplemental Principal Payment Amounts; 

Thirteenth, to each Series that has not paid in full all regularly scheduled payments (excluding termination payments) owing to each
Interest Rate Hedge Counterparty that has entered into an Interest Rate Hedge Agreement with respect to the subordinate Class of such Series, the amount of such unpaid regularly scheduled payments; 

Fourteenth, to each Series that has not paid in full all Minimum Principal Payment Amounts for the subordinate Class of such Series,
the amount of such unpaid Minimum Principal Payment Amounts; 

  
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 Fifteenth, to each Series that has not paid in full all Scheduled Principal Payment
Amounts for the subordinate Class of such Series, the amount of such unpaid Scheduled Principal Payment Amounts; 
 Sixteenth, to
each Series that has not paid in full all Supplemental Principal Payment Amounts for the subordinate Class of such Series, the amount of such unpaid Supplemental Principal Payment Amounts; and 

Seventeenth, to each Series of Notes that has not been paid in full, all other amounts owing to the Noteholders of such Series. 

If more than one Series shall be entitled to a distribution pursuant to a particular priority set forth in Section 304(a), funds shall be
allocated among each such entitled Series on a pro rata basis based on the relative amount owing to each such Series pursuant to such payment priority. 

(b) After the application of the allocation set forth in Section 304(a), any remaining Series 2013-1 Shared Available Funds shall
be allocated in accordance with the following order of priorities, with no payment being made at any level of priority until all prior priorities have been paid in full: 

First, to each Liquidation Deficiency Series that has not paid in full the Indenture Trustee Fees and expenses payable by, or allocable
to, such Liquidation Deficiency Series, the amount of such unpaid Indenture Trustee Fees and expenses; 
 Second, to each Liquidation
Deficiency Series that has not paid in full the fees of the Director Service Provider payable by, or allocation to, such Liquidation Deficiency Series, the amount of such unpaid fees; 

Third, to each Liquidation Deficiency Series that has not paid in full the Management Fee and Management Fee Arrearages payable by, or
allocable to, such Liquidation Deficiency Series, the amount of such unpaid Management Fee and Management Fee Arrearages; 
 Fourth,
to each Liquidation Deficiency Series that has not paid in full the Manager Advances payable by, or allocable to, such Liquidation Deficiency Series, the amount of such unpaid Manager Advances; 

Fifth, to each Liquidation Deficiency Series that has not paid in full the Back-up Management Fees payable by, or allocable to, such
Liquidation Deficiency Series, the amount of such unpaid Back-up Management Fees; 
 Sixth, to each Liquidation Deficiency Series
that has not paid in full all interest payments (excluding Default Interest) and commitment fees payable with respect to the Senior Notes of such Liquidation Deficiency Series, the amount of such unpaid interest payments and commitment fees; 

Seventh, to each Liquidation Deficiency Series that has not paid in full all regularly scheduled payments (excluding termination
payments) owing to each Interest Rate Hedge Counterparty that has entered into an Interest Rate Hedge Agreement with respect to such Liquidation Deficiency Series, the amount of such unpaid regularly scheduled payments; 

  
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 Eighth, to each Liquidation Deficiency Series that has not paid in full all Minimum
Principal Payment Amounts to the Senior Notes of such Liquidation Deficiency Series, the amount of such unpaid Minimum Principal Payment Amounts; 

Ninth, to each Liquidation Deficiency Series that has not paid in full all Scheduled Principal Payment Amounts to the Senior Notes of
such Liquidation Deficiency Series, the amount of such unpaid Scheduled Principal Payment Amounts; 
 Tenth, to each Liquidation
Deficiency Series that has not paid in full all termination and all other payments owing to each Interest Rate Hedge Counterparty that has entered into an Interest Rate Hedge Agreement with respect to such Liquidation Deficiency Series, the amount
of such unpaid termination and other payments; 
 Eleventh, to each Liquidation Deficiency Series that has not paid in full all
Minimum Principal Payment Amounts to the Subordinated Notes of such Liquidation Deficiency Series, the amount of such unpaid Minimum Principal Payment Amounts; and 

Twelfth, to each Liquidation Deficiency Series that has not paid in full all Scheduled Principal Payment Amounts to the Subordinated
Notes of such Liquidation Deficiency Series, the amount of such unpaid Scheduled Principal Payment Amounts. 
 If more than one Liquidation
Deficiency Series shall be entitled to a distribution pursuant to a particular priority set forth in Section 304(b), funds shall be allocated among each such entitled Liquidation Deficiency Series on a pro rata basis based on the
relative amount owing to each such Liquidation Deficiency Series pursuant to such payment priority. 
 ARTICLE IV 

Series-Specific Early Amortization Events, Manager Defaults, Events of Default and Covenants 

for the Series 2013-1 Notes 

Section 401. Series-Specific Early Amortization Events. 

(a) Each of the following events or conditions shall constitute a “Series-Specific Early Amortization Event” for Series
2013-1: 
 (i) The occurrence and continuance of a Series-Specific Event of Default. 

(ii) As of any date of determination, the EBIT Ratio shall be less than 1.1 to 1.0; 

(iii) As of any Payment Date occurring after January 31, 2014, the Disposition Ratio set forth in either paragraph
(a) or paragraph (b) of the definition thereof shall be less than 1.00 to 1.00; 

  
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 (iv) (A) a breach of any financial covenant of TGH set forth in the documents
governing any Indebtedness of TGH in an aggregate principal amount of $10,000,000 or greater (the “Funded Debt Documents”) shall have occurred and shall not have been permanently waived within sixty (60) days thereafter by the
applicable lenders, or (B) any default, not described in clause (A), under any Funded Debt Document shall have occurred and as a result the required lenders under the affected financing transaction have accelerated all or part of such
Indebtedness; 
 (v) With respect to any Payment Date, any Series 2013-1 Noteholder has a Commitment Deficiency on such
Payment Date (determined after giving effect to (A) all principal payments paid on such Payment Date and (B) all increases and decreases in the Series 2013-1 Note Commitment of any Series 2013-1 Noteholder that occur on such Payment Date)
or has had a Commitment Deficiency on any prior Payment Date; 
 (vi) As of any Payment Date, the Unpaid Principal Balance
for Series 2013-1 shall exceed the Series 2013-1 Asset Base, and such condition continues unremedied for a period of ten (10) consecutive days; provided, however, that if the Series 2013-1 Asset Base shall decrease pursuant to a change
in the Series 2013-1 Advance Rate resulting from the occurrence of a Disposition Trigger Event, this clause (vi) shall be deemed not to apply until the third (3rd) Payment Date following the occurrence of such Disposition Trigger Event, so
long as the Series 2013-1 Effective Advance Rate shall decrease sequentially for all three months. 
 (b) Any Series-Specific Early
Amortization Event described in Section 401(a)(ii) shall, for purposes of the Related Documents, be deemed no longer to be continuing, if such condition does not exist on any two consecutive subsequent Payment Dates, immediately upon such
second consecutive Payment Date. Any Series-Specific Early Amortization Event described in Section 401(a)(iv) shall, for purposes of the Related Documents, be deemed no longer to be continuing immediately upon the cure or waiver thereof, within
sixty (60) days of the initial occurrence thereof, for purposes of the Funded Debt Documents. Except as described in the preceding two sentences, if a Series 2013-1 Early Amortization Event exists on any Payment Date, then such Series 2013-1
Early Amortization Event shall be deemed to continue until the Business Day on which the Control Party waives, in writing, such Series 2013-1 Early Amortization Event. The Indenture Trustee shall promptly provide notice of any such waiver to each
Rating Agency for the Series 2013-1 Notes. 
 (c) The existence of a Series 2013-1 Early Amortization Event (i) could alter the
calculation of the Invested Amount for the Series 2013-1 Notes and the allocation of funds from the Series Account for such Series of Notes and each other Series of Notes and (ii) will determine the method in which cash flows will be allocated
and distributed from the Series 2013-1 Series Account. The occurrence of a Series 2013-1 Early Amortization Event will not in and of itself result in the occurrence of a Trust Early Amortization Event or a Series-Specific Early Amortization Event
for any other Series. 

  
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 (d) If a Series 2013-1 Early Amortization Event shall have occurred and then be continuing, the
Indenture Trustee shall have in addition to the rights provided in the Series 2013-1 Related Documents, all rights and remedies provided under all applicable laws. 

Section 402. Series-Specific Manager Defaults. 

(a) Each of the following events or conditions shall constitute a “Series-Specific Manager Default” for Series 2013-1: 

(i) The Leverage Ratio of TGH shall exceed 4.0 to 1.0 as of the end of any fiscal year; and 

(ii) Any event described in Section 401(a)(iv) shall have occurred and such event shall not have been rescinded or
waived within sixty (60) days thereafter by the holders of the applicable indebtedness; provided that, in the event that the Funded Debt Documents shall have lapsed or been terminated, the financial covenants of TGH set forth therein (as
in effect immediately prior to such lapse or termination) shall survive for purposes of this definition, unless waived by the Control Party, until new Funded Debt Documents have been entered into. 

Section 403. Series-Specific Events of Default. 

(a) Each of the following shall constitute a “Series-Specific Event of Default” for Series 2013-1: 

(i) The Issuer shall fail to pay (1) on any Payment Date, the full amount of the Series 2013-1 Note Interest Payments then
due, or (2) on the Legal Final Payment Date, the then Unpaid Principal Balance for Series 2013-1. 
 (ii) The Issuer
shall fail to pay, within three (3) Business Days after when due, any amounts owing to the Series 2013-1 Noteholders (unless constituting a Trust Event of Default or a Series-Specific Event of Default under Section
403(a)(i)). 
 (iii) There shall occur any breach of any covenant of the Issuer or any Seller in any Series 2013-1
Related Document, which breach (1) materially and adversely affects the interest of any Series 2013-1 Noteholder and (2) continues for a period of 60 days (subject to an additional 60-day cure period for defaults that the Issuer or any
Seller is diligently attempting to cure), in each case, unless such breach constitutes a Trust Event of Default or a Series-Specific Event of Default under Section 403(a)(i) or (ii). 

(iv) Any representation or warranty of the Issuer or any Seller made in any Series 2013-1 Related Document shall prove to be
incorrect in any material respect as of the time when the same shall have been made, which incorrectness (1) materially and adversely affects the interest of any Series 2013-1 Noteholder, and (2) if capable of cure, continues for a period
of 30 days (subject to an additional 30-day cure period for defaults that the Issuer or any Seller is diligently attempting to cure). 

(v) The Indenture Trustee shall fail to have a first priority perfected security interest in the Series 2013-1 Series-Specific
Collateral. 

  
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 (b) Upon the occurrence and during the continuance of a Series 2013-1 Event of Default, the
Control Party may declare the Series 2013-1 Notes to be immediately due and payable and may institute judicial proceedings for collection. 

Section 404. Series-Specific Management Fees. 

(a) As contemplated by the Management Agreement, the Manager shall be entitled to a management fee for each Collection Period equal to the sum
of the following (the “Series 2013-1 Management Fee”): 
 (i) A “Master Lease Management
Fee”, in an amount equal to the product of (i) the product of (A) the Asset Allocation Percentage for Series 2013-1 and (B) NOI (as defined in the Management Agreement) for the Master Lease Fleet (as defined in the Management
Agreement) for such Collection Period (as defined in the Management Agreement), multiplied by (ii) eleven percent (11.0%). 

(ii) A “Long-Term/PLB Management Fee”, in an amount equal to the product of (i) the product of
(A) the Asset Allocation Percentage for Series 2013-1 and (B) the sum of the NOI (as defined in the Management Agreement) for such Collection Period (as defined in the Management Agreement) of (x) the Long-Term Lease Fleet (as defined
in the Management Agreement) plus (y) any Managed Containers (as defined in the Management Agreement) then subject to purchase-leasebacks, multiplied by (ii) eight percent (8.0%). 

(iii) A “Finance Lease Management Fee”, in an amount equal to the product of (i) the product of
(A) the Asset Allocation Percentage for Series 2013-1 and (B) the Finance Lease Payments (excluding any payments relating to Managed Containers then subject to purchase-leasebacks) (as defined in the Management Agreement), multiplied by
(ii) two percent (2.0%). 
 (iv) A “Sale Management Fee”, in an amount equal to the product of
(i) the product of (A) the Asset Allocation Percentage for Series 2013-1 and (B) the Sales Proceeds (as defined in the Management Agreement) from the sale or other disposition of any Managed Container during such Collection Period
(except for any sale or disposition (x) to Manager or any Affiliate of Manager, (y) pursuant to the exercise of a purchase option contained in a Lease, or (z) that is due to a Casualty Loss) (as defined in the Management Agreement),
multiplied by (ii) five percent (5.0%). 

  
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 Section 405. Additional Covenants. 

In addition to the covenants set forth in Article VI of the Indenture, the Issuer hereby makes the following additional covenants for the
benefit of the Series 2013-1 Noteholders: 
 (a) Rule 144A. So long as any of the Series 2013-1 Notes are “restricted
securities” within the meaning of Rule 144(a)(3) under the Securities Act, Issuer shall, unless it becomes subject to and complies with the reporting requirements of Section 13 or 15(d) of the Exchange Act, or rule 12g3-2(b) thereunder,
(i) provide to any Series 2013-1 Noteholder of such restricted securities, or to any prospective Series 2013-1 Noteholder of such restricted securities designated by a Series 2013-1 Noteholder, upon the request of such Series 2013-1 Noteholder
or prospective Series 2013-1 Noteholder, any information required to be provided by Rule 144A(d)(4) under the Securities Act and (ii) update such information to prevent such information from becoming materially false and materially misleading
in a manner adverse to any Series 2013-1 Noteholder. 
 (b) Use of Proceeds. The proceeds from the issuance of the Series 2013-1
Notes shall be used as follows: (i) acquiring containers and other items of Collateral, (ii) making deposits into the Trust Account, the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account, (iii) paying the
costs of issuance of the Series 2013-1 Notes and of the negotiation, preparation and execution of the Series 2013-1 Related Documents and (iv) for other general corporate purposes permitted under the operating agreement of the Issuer, as
contemplated in Section 624 of the Indenture. 
 (c) Perfection Requirements. The Issuer will not (a) change any of
(i) its corporate name or (ii) the name under which it does business or (b) amend any provision of its certificate of formation or operating agreement or become organized under the laws of any other jurisdiction without the prior
written consent of the Control Party. 
 (e) Consent to Series Issuance. The Issuer shall not issue any additional Series of Notes
without obtaining the prior written consent of (i) the Control Party, in the case of the issuance of any new Series of Senior Notes, or (ii) all Series 2013-1 Noteholders, in the case of the issuance of any new Series (x) of
Subordinate Notes, (y) of Senior or Subordinate Notes to be rated the equivalent of “A (sf)” or below and having an Advance Rate that is lower than the Series 2013-1 Advance Rate or (z) of Senior or Subordinate Notes to be rated
below the equivalent of “A (sf)” and have an Advance Rate that is equal to or lower than the Series 2013-1 Advance Rate. 

Section 406. Interest Rate Hedge Agreements for Series 2013-1. 

(a) Upon the earliest to occur of (w) any Conversion Date, (x) the first day after the date on which one month LIBOR (as determined
by the Indenture Trustee in accordance with its standard practices) shall exceed or equal two percent (2.00%), (y) the first day after the date on which the 2-year swap rate (as set forth in The Wall Street Journal) shall equal or exceed three
percent (3.00%), and (z) the date on which an Event of Default, Early Amortization Event or Manager Default has occurred, the Issuer shall (or shall cause the Manager on its behalf), to the extent commercially practicable, enter into and
maintain transactions under Interest Rate Hedge Agreements with respect to the Series 2013-1 Notes in accordance with Exhibit C; 

  
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provided that, except with respect to the initial entry by the Issuer into the required Interest Rate Hedge Agreements under the preceding clause (z) (if such clause is
applicable), so long as an Early Amortization Event or an Event of Default is continuing, neither the Issuer (nor the Manager on its behalf) shall enter into any additional transactions under Interest Rate Hedge Agreements other than by terminating
existing transactions or by entering into reverse or mirror swap transactions; provided, further, that the Interest Rate Hedge Agreements related to Long-Term Leases and Finance Leases allocated to the Series 2013-1 Asset Base must have a
weighted average tenor of no less than one year less than the then weighted average remaining term of the applicable Long-Term Leases and Finance Leases. 

(b) In the event that the application of the formulas set forth in Exhibit C indicates that either (i) the Issuer is required to
enter into additional transactions under Interest Rate Hedge Agreements, with a total notional balance in excess of Ten Million Dollars ($10,000,000) or (ii) the aggregate notional balance of all outstanding transactions under Interest Rate
Hedge Agreements then in effect exceeds the aggregate required notional amount (as determined by application of the formulas set forth in Exhibit C) by the lesser of (A) Twenty Million Dollars ($20,000,000) or (B) the then Unpaid
Principal Balance for Series 2013-1, then the Issuer shall provide notice of such event the Indenture Trustee, the Administrative Agent and each Interest Rate Hedge Provider for Series 2013-1 within five (5) Business Days after such condition
is determined to exist. The Issuer (or the Manager on behalf of the Issuer) shall within thirty (30) days after the date on which such condition is determined to exist, remedy such imbalance (x) under circumstances described in the
preceding clause (i), by entering into one or more transactions under Interest Rate Hedge Agreements for Series 2013-1 in order to comply with the requirements of Section 406(a) and not exceed such requirements by more than the amounts
set forth in clause (ii) above, or (y) under circumstances described in the preceding clause (ii) by terminating transactions for all, or a portion, of one or more transactions under Interest Rate Hedge Agreements for Series 2013-1
then in effect so that the remaining notional amounts for all future calculation periods under all transactions outstanding under the Interest Rate Hedge Agreements then in effect for Series 2013-1 shall comply with the requirements of
Section 406(a) and not exceed such requirements by more than the amounts set forth in clause (ii) above. The calculations to be made under this Section 406(b) shall exclude all interest rate transactions where the Issuer
is not required to make any scheduled periodic payments other than premium payments or fees that have been paid in full, and the Net Book Value of the containers hedged by such transactions. So long as no Early Amortization Event or Event of Default
is then continuing, the Issuer (or the Manager on its behalf) may exercise its discretion in selecting the specific transactions and notional amounts thereof to be terminated or reverse or mirror swapped. If an Early Amortization Event or Event of
Default is then continuing, termination or reverse or mirror swaps shall be effected over all outstanding transactions under Interest Rate Hedge Agreements then in effect for Series 2013-1 on a pro rata basis, based on the respective notional
amounts for each remaining calculation period, so that the remaining notional amounts for each remaining calculation period will comply with the requirements of Section 406(a) and not exceed the amounts set forth in Section
406(b)(ii). 
 (c) In the event the Issuer, or Manager on behalf of Issuer, fails to enter into or terminate or reverse or mirror swap
transactions as required under Section 406(b) within the 30 day time period provided in Section 406(b), the Control Party (A) will have the right, in its sole discretion, to direct the Indenture Trustee to enter into
additional transactions under Interest 

  
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Rate Hedge Agreements for Series 2013-1 on the Issuer’s behalf in order to comply with the requirements of Section 406(a) or (B) within five (5) Business Days after the
thirty (30) day period provided in Section 406(b) will have the right, in its sole discretion, to direct the Indenture Trustee to terminate or reverse or mirror swap, in whole or in part, all outstanding transactions under Interest
Rate Hedge Agreements then in effect for Series 2013-1 on a pro rata basis, based on the respective notional amounts for each remaining calculation period, so that the remaining notional amounts for each remaining calculation period will
comply with the requirements of Section 406(a) and not exceed the amounts set forth in Section 406(b)(ii). In the event the Control Party directs the Indenture Trustee to enter into an Interest Rate Hedge Agreement for Series
2013-1 on the Issuer’s behalf, the Control Party shall promptly send a copy of any such agreement to the Issuer and may provide the Indenture Trustee and Manager with a written direction to deposit in the Series 2013-1 Series Account certain
amounts to purchase, or reimburse the Control Party or a third-party for purchasing, such Interest Rate Hedge Agreement. All payments received from an Interest Rate Hedge Provider shall be deposited by the Issuer directly into the Series 2013-1
Series Account. 
 (d) With respect to any transaction which is to be terminated in accordance with the terms of this
Section 406, the Issuer (or the Manager or Control Party) will give the Interest Rate Hedge Provider not less than three (3) Business Days notice of such termination, specifying the relevant transaction, the notional amount thereof
to be terminated for each remaining calculation period and the effective date of such termination. An “Additional Termination Event” and an “Early Termination Date” (as such terms are used in the 1992 ISDA Master Agreement
Multicurrency–Cross Border form agreement) shall be deemed to have occurred under the transaction on the specified termination date with respect to the notional amounts so terminated. For purposes of such Early Termination Date and
Section 6(e) of the applicable Interest Rate Hedge Agreement, the “Terminated Transaction” shall be only that portion relating to the terminated notional amounts and the remainder of the transaction will continue in full force and
effect and the Issuer will be the “Affected Party” for purposes of such termination. The amount payable under Section 6(e) of the applicable Interest Rate Hedge Agreement shall be determined by the Interest Rate Hedge Provider and
shall be due and payable in accordance with the terms of such Section 6(e), provided that “Market Quotation” under the Interest Rate Hedge Agreement shall be determined on the basis of the quotation of one Reference Market-maker
selected by the Interest Rate Hedge Provider, which may be such Interest Rate Hedge Provider to the extent its quotation is reasonably determined in good faith. The provisions of this Section 406(d) shall be incorporated by reference in
each Interest Rate Hedge Agreement. 
 (e) The Issuer shall enter into each Interest Rate Hedge Agreement for Series 2013-1 only with an
Eligible Interest Rate Hedge Provider. Each Interest Rate Hedge Agreement for Series 2013-1 shall provide that if the Eligible Interest Rate Hedge Provider or any party providing credit support on its behalf suffers an Interest Rate Hedge Provider
Required Rating Downgrade Event, such Interest Rate Hedge Provider will be required (i) to post, within ten (10) Business Days (or such other period of time as may be set forth in the related Interest Rate Hedge Agreement not to exceed
thirty (30) days) after such Interest Rate Hedge Provider Required Rating Downgrade Event, collateral set forth in the applicable Interest Rate Hedge Agreement and execute a credit support annex in connection therewith or (ii) otherwise
remedy such Interest Rate Hedge Provider Required Rating Downgrade Event in accordance with the 

  
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terms of the related Interest Rate Hedge Agreement. Failure to post collateral or so otherwise remedy such Interest Rate Hedge Provider Required Rating Downgrade Event within the applicable
period of time shall constitute a termination event under the terms of the applicable Interest Rate Hedge Agreement. Such Interest Rate Hedge Provider may transfer (at its own cost), with the cooperation of the Issuer and the Manager, all of its
rights and obligations under its Interest Rate Hedge Agreement to an Eligible Interest Rate Hedge Provider in accordance with the terms of its Interest Rate Hedge Agreement. Each Interest Rate Hedge Agreement for Series 2013-1 shall also provide
that if the Interest Rate Hedge Provider (or any party providing credit support identified in the Interest Rate Hedge Agreement or any credit support annex thereto on its behalf) suffers an Interest Rate Hedge Provider Required Rating Replacement
Event, such Interest Rate Hedge Provider will be required to transfer (at its own cost) all of its rights and obligations under its Interest Rate Hedge Agreement to an Eligible Interest Rate Hedge Provider not later than thirty (30) Business
Days (or such other period of time as may be set forth in the related Interest Rate Hedge Agreement) after the occurrence of the Interest Rate Hedge Provider Required Rating Replacement Event. The Issuer may terminate an Interest Rate Hedge
Agreement for Series 2013-1 and simultaneously enter into a replacement Interest Rate Hedge Agreement in the event an Interest Rate Hedge Provider fails to post collateral or transfer its rights and interests under an Interest Rate Hedge Agreement
in accordance with the terms of the Interest Rate Hedge Agreement as required in relation to an Interest Rate Hedge Provider Required Rating Downgrade Event or an Interest Rate Hedge Provider Required Rating Replacement Event, as applicable. 

ARTICLE V 
 Conditions of
Effectiveness and Future Lending 
 Section 501. Effectiveness of Supplement. The effectiveness hereof is subject to the
condition precedent that the Indenture Trustee shall have received all of the following, each duly executed and dated as of the Closing Date, in form and substance satisfactory to all of the initial Series 2013-1 Noteholders and each (except for the
Series 2013-1 Notes, of which only the originals shall be signed) in sufficient number of signed counterparts to provide one for each Series 2013-1 Noteholder: 

(a) Series 2013-1 Notes. Separate Series 2013-1 Notes executed by the Issuer in favor of each Series 2013-1 Noteholder in the stated
maximum principal amount equal to the Series 2013-1 Note Commitment of such Series 2013-1 Noteholder. 
 (b) Certificate(s) of Secretary
or Assistant Secretary or Officer. Separate certificates executed by the corporate secretary, assistant secretary or authorized officer of each of the Manager and the Issuer, dated the Closing Date, certifying (i) that the respective
company has the authority to execute and deliver, and perform its respective obligations under each of the Series 2013-1 Related Documents to which it is a party, and (ii) that attached are true, correct and complete copies of the Memorandum of
Association, Certificate of Incorporation, bye-laws, board resolutions and incumbency certificates of the related company in form and substance satisfactory to each Deal Agent as to such matters as the Deal Agent shall reasonably require. 

  
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 (c) Security Documents. This Supplement and a control agreement with respect to the Series
2013-1 Series Account, each in form and substance satisfactory to all of the initial Series 2013-1 Noteholders, shall have been executed and delivered by the Issuer, and all other parties thereto, together with all UCC financing statements,
documents of similar import in other jurisdictions, and other documents reasonably requested by any Deal Agent. 
 (d) Opinions of
Counsel. Opinions from counsel to the Issuer and counsel to the Manager each in form and in substance satisfactory to each Deal Agent as to such matters as it shall reasonably require including, without limitation, that the Issuer has granted a
first priority perfected security interest in the Collateral to the Indenture Trustee. 
 (e) Certificate as to Containers. A
certificate from the Manager certifying that it is managing all of the Containers in accordance with the Management Agreement in satisfactory form shall have been duly executed and delivered. 

(f) Enforceability, True Sale and Nonconsolidation Opinions. Each of Conyers Dill & Pearman Limited and Morrison &
Foerster LLP shall have delivered its opinions as to corporate (including securities laws), enforceability, true sale and non-consolidation in form and substance acceptable to the Deal Agents. 

(g) Fees. The Issuer shall have (A) paid all fees to each Deal Agent in accordance with its respective Fee Letter or
(B) authorized each Deal Agent to offset and retain the amount of such fees from the Series 2013-1 Advance made on the Closing Date. 

(h) Opinion of Counsel to the Indenture Trustee. An opinion of counsel to the Indenture Trustee as to the due organization of the
Indenture Trustee, the enforceability of the Indenture and as to such other matters as each Deal Agent may reasonably request. 

Section 502. Advances on Series 2013-1 Notes. The obligation of a Series 2013-1 Noteholder to make any Series 2013-1 Advance on
the Series 2013-1 Note pursuant to its Series 2013-1 Note Commitment under this Supplement and the Series 2013-1 Note Purchase Agreement is subject to the following further conditions precedent: 

(a) Default. Before and after giving effect to such Series 2013-1 Advance, no Event of Default shall have occurred and be continuing
(or would occur with the giving of notice or the passage of time or both). 
 (b) Series 2013-1 Early Amortization Event. Before and
after giving effect to such advance, no Series 2013-1 Early Amortization Event shall have occurred (or would occur with the giving of notice or the passage of time or both) unless such Series 2013-1 Advance has been approved by each Series 2013-1
Noteholder (other than any Defaulting Noteholder). 
 (c) Certification. The Issuer shall have delivered to the Deal Agents a
compliance certificate, signed by an officer of Issuer, certifying that (A)the Issuer has complied with all of the conditions precedent set forth in Sections 501 and 502; (B) all of the representations and warranties of the
Issuer, the Sellers and the Manager contained in any of the Series 2013-1 Related Documents are true and correct in all material respects as of the date of such Series 2013-1 Advance, except to the extent such representations and warranties

  
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specifically relate to an earlier date, in which event they shall be true, correct and complete in all material respects as of such earlier date; and (C)all of the conditions precedent to the
making of such Series 2013-1 Advance have been satisfied. 
 (d) Asset Base Report. The Issuer shall have delivered to each Deal
Agent a duly completed and executed Asset Base Report, determined after giving effect to any Eligible Containers to be acquired with the proceeds of such Series 2013-1 Advance, which demonstrates that, after giving effect to such Series 2013-1
Advance, the then Aggregate Series 2013-1 Note Principal Balance (calculated after giving effect to the requested Series 2013-1 Advance) does not exceed an amount equal to the lesser of (i) the Aggregate Series 2013-1 Commitment then in effect
and (ii) the Series 2013-1 Asset Base. 
 (e) Conversion Date. The Conversion Date shall not have occurred, unless such Series
2013-1 Advance has been approved by each Series 2013-1 Noteholder (other than a then Defaulting Noteholder). 
 (f) Back-up Data
Files. The Issuer shall have delivered the Back-up Data Files most recently required to be delivered pursuant to the Management Agreement, to the Indenture Trustee and the Administrative Agent. 

(g) Deposit to Series 2013-1 Restricted Cash Account. On or prior to each Funding Date on which the Issuer shall acquire additional
Eligible Containers, the Issuer shall have deposited into the Series 2013-1 Restricted Cash Account the amount set forth in paragraph (2)(A) of the definition of “Series 2013-1 Restricted Cash Amount”. 

ARTICLE VI 
 Representations
and Warranties 
 To induce the Series 2013-1 Noteholders to purchase the Series 2013-1 Notes hereunder, the Issuer hereby represents
and warrants as of the Closing Date to the Indenture Trustee for the benefit of the Series 2013-1 Noteholders that: 
 Section 601.
Existence. Issuer is a company duly incorporated, validly existing and in compliance under the laws of Bermuda. Issuer is in good standing and is duly qualified to do business in each jurisdiction where the failure to do so would have a
material adverse effect upon the Issuer and in each jurisdiction in which a failure to so qualify would materially and adversely affect the ability of the Indenture Trustee to enforce its security interest in the Collateral. 

Section 602. Authorization. Issuer has the power and is duly authorized to execute and deliver this Supplement and the other
Series 2013-1 Related Documents to which it is a party; Issuer is and will continue to be duly authorized to borrow monies hereunder; and Issuer is and will continue to be authorized to perform its obligations under this Supplement and under the
other Series 2013-1 Related Documents. The execution, delivery and performance by Issuer of this Supplement and the other Series 2013-1 Related Documents to which it is a party and the borrowings hereunder do not and will not require any consent or
approval of any Governmental Authority, shareholder or any other Person which has not already been obtained. 

  
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 Section 603. No Conflict; Legal Compliance. The execution, delivery and performance
of this Supplement and each of the other Series 2013-1 Related Documents and the execution, delivery and payment of the Series 2013-1 Notes will not: (a) contravene any provision of the Issuer’s bye-laws or memorandum of association;
(b) contravene, conflict with or violate any Applicable Law or regulation, or any order, writ, judgment, injunction, decree, determination or award of any Governmental Authority; or (c) violate or result in the breach of, or constitute a
default under the Indenture, the Series 2013-1 Related Documents, any other indenture or other loan or credit agreement, or other agreement or instrument to which Issuer is a party or by which Issuer, or its property and assets may be bound or
affected. Issuer is not in violation or breach of or default under any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award or any contract, agreement, lease, license, indenture or other instrument to which it is
a party. 
 Section 604. Validity and Binding Effect. This Supplement is, and each Series 2013-1 Related Document to which
Issuer is a party, when duly executed and delivered, will be, the legal, valid and binding obligation of Issuer, enforceable against Issuer in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or other
similar laws of general application affecting the enforcement of creditors’ rights or by general principles of equity limiting the availability of equitable remedies. 

Section 605. Financial Statements. Since December 31, 2012, there has been no Material Adverse Change in the financial
condition of any of the Issuer, the Sellers or the Manager. 
 Section 606. Place of Business. The Issuer’s only
“place of business” (within the meaning of Section 9-307 of the UCC) is located at Century House, 16 Par-la-Ville Road, Hamilton HM HX, Bermuda. The Issuer does not maintain an office or assets in the United States, other than
(i) the Trust Account, the Excess Funding Account, the Series 2013-1 Restricted Cash Account and the Series Accounts and (ii) off-hire containers located in depots in the United States and Managed Containers described in
Section 606(g) of the Indenture and Leases pursuant to Section 7.7 of the Management Agreement. 
 Section 607. No
Agreements or Contracts. The Issuer is not a party to any contract or agreement (whether written or oral) other than the Related Documents. 

Section 608. Consents and Approvals. No approval, authorization or consent of any trustee or holder of any Indebtedness or
obligation of Issuer or of any other Person under any agreement, contract, lease or license or similar document or instrument to which Issuer is a party or by which Issuer is bound, is required to be obtained by Issuer in order to make or consummate
the transactions contemplated under the Series 2013-1 Related Documents, except for those approvals, authorizations and consents that have been obtained on or prior to the Closing Date. All consents and approvals of, filings and registrations with,
and other actions in respect of, all Governmental Authorities required to be obtained by Issuer in order to make or consummate the transactions contemplated under the Series 2013-1 Related Documents have been, or prior to the time when required will
have been, obtained, given, filed or taken and are or will be in full force and effect. 

  
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 Section 609. Margin Regulations. Issuer does not own any “margin security”,
as that term is defined in Regulation U of the Federal Reserve Board, and the proceeds of the Series 2013-1 Notes issued under this Supplement will be used only for the purposes contemplated hereunder. None of such proceeds will be used, directly or
indirectly, for the purpose of purchasing or carrying any margin security, for the purpose of reducing or retiring any indebtedness which was originally incurred to purchase or carry any margin security or for any other purpose which might cause any
of the loans under this Supplement to be considered a “purpose credit” within the meaning of Regulations T, U and X. Issuer will not take or permit any agent acting on its behalf to take any action which might cause this Supplement or any
document or instrument delivered pursuant hereto to violate any regulation of the Federal Reserve Board. 
 Section 610. Taxes.
All federal, state, local and foreign tax returns, reports and statements required to be filed by Issuer have been filed with the appropriate Governmental Authorities, and all Taxes, Other Taxes and other impositions shown thereon to be due and
payable by Issuer have been paid prior to the date on which any fine, penalty, interest or late charge may be added thereto for nonpayment thereof, or any such fine, penalty, interest, late charge or loss has been paid, or Issuer is contesting its
liability therefor in good faith and has fully reserved all such amounts according to GAAP in the financial statements provided to the Noteholders pursuant to Section 626 of the Indenture. Issuer has paid when due and payable all material
charges upon the books of Issuer and no Governmental Authority has asserted any Lien against Issuer with respect to unpaid Taxes or Other Taxes. Proper and accurate amounts have been withheld by Issuer from its employees for all periods in full and
complete compliance with the tax, social security and unemployment withholding provisions of applicable federal, state, local and foreign law and such withholdings have been timely paid to the respective Governmental Authorities. 

Section 611. Other Regulations. Issuer is not an “investment company,” or an “affiliated person” of, or a
“promoter” or “principal underwriter” for, an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended. The issuance of the Series 2013-1 Notes hereunder and the application of
the proceeds and repayment thereof by Issuer and the performance of the transactions contemplated by this Supplement and the other Series 2013-1 Related Documents will not violate any provision of the Investment Company Act, or any rule, regulation
or order issued by the SEC thereunder. 
 Section 612. Solvency and Separateness. 

(a) The capital of the Issuer is adequate for the business and undertakings of the Issuer. 

(b) Other than with respect to the transactions contemplated hereby and by the Related Documents, the Issuer is not engaged in any business
transactions with the Sellers or the Manager, except as permitted by the Management Agreement, the Contribution and Sale Agreement and each Container Transfer Agreement. 

(c) The bye-laws of the Issuer provide that the Issuer shall have six (6) directors, unless increased to seven directors under certain
circumstances described in the bye-

  
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laws including those discussed below. If a resolution of the directors is proposed which involves a Specified Matter and/or a Special Bye-law Amendment (as such capitalized terms are defined in
the bye-laws of the Issuer) then, in such instance, the number of directors of the Issuer shall automatically be increased to seven (7), and the quorum for any such vote shall be seven (7) directors, one of which must be an Independent Director
who shall be elected by an affirmative vote of all of the other directors from a pool of candidates (and such pool may consist of only one person) put forward by AMACAR Group, L.L.C. The Independent Director so elected shall be a director until the
resolution regarding the Specified Matter and/or the Special Bye-law Amendment has been voted upon and shall automatically cease to be a director of the Issuer immediately following such vote. 

(d) The Issuer’s funds and assets are not, and will not be, commingled with those of the Sellers or the Manager, except as permitted by
the Management Agreement. 
 (e) The bye-laws of the Issuer require it to maintain correct and complete books and records of account, and
Bermuda law requires it to maintain minutes of the meetings and other proceedings of its members. 
 (f) The Issuer is not insolvent under
the Insolvency Law and will not be rendered insolvent by the transactions contemplated by the Series 2013-1 Related Documents and after giving effect to such transactions, the Issuer will not be left with an unreasonably small amount of capital with
which to engage in its business nor will the Issuer have intended to incur, or believe that it has incurred, debts beyond its ability to pay such debts as they mature. The Issuer does not contemplate the commencement of insolvency, bankruptcy,
liquidation or consolidation proceedings or the appointment of a receiver, liquidator, trustee or similar official in respect of the Issuer or any of its assets. 

Section 613. Title; Liens. On the Closing Date, the Issuer will have good, legal and marketable title to each of its respective
assets, and none of such assets is subject to any Lien, except for Permitted Encumbrances. 
 Section 614. No Default. No Trust
Event of Default or Trust Early Amortization Event (or event or condition which with the giving of notice or passage of time or both would become an Trust Event of Default or Trust Early Amortization Event) has occurred and is continuing. 

Section 615. Litigation and Contingent Liabilities. No claims, litigation, arbitration proceedings or governmental Proceedings by
any Governmental Authority are pending or threatened against or are affecting the Issuer or any of its Affiliates the results of which might interfere with the consummation of any of the transactions contemplated by this Supplement or any document
issued or delivered in connection herewith. 
 Section 616. Subsidiaries. Issuer has no subsidiaries. 

Section 617. No Partnership. Issuer is not a partner or joint venturer in any partnership or joint venture. 

  
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 Section 618. Pension and Welfare Plans. No accumulated funding deficiency (as defined
in Section 412 of the Code or Section 302 of ERISA) or reportable event (within the meaning of section 4043 of ERISA), has occurred with respect to any Plan of the Issuer or any ERISA Affiliate. The present value of all benefit liabilities
under all Plans of the Issuer or any ERISA Affiliate subject to Title IV of ERISA, as defined in Section 4001(a)(16) of ERISA, exceeds the fair market value of all assets of Plans subject to Title IV of ERISA (determined as of the most recent
valuation date for such Plan on the basis of assumptions prescribed by the Pension Benefit Guaranty Corporation for the purpose of Section 4044 of ERISA), by no more than $1.9 million. Neither Issuer nor any ERISA Affiliate is subject to any
present or potential withdrawal liability pursuant to Title IV of ERISA and no multi-employer plan (with the meaning of Section 4001(a)(3) of ERISA) to which the Issuer or any ERISA Affiliate has an obligation to contribute or any liability, is
or is likely to be disqualified for tax purposes, in reorganization within the meaning of Section 4241 of ERISA or Section 418 of the Code) or is insolvent (as defined in Section 4245 of ERISA). No liability (other than liability to
make periodic contributions to fund benefits) with respect to any Plan of Issuer, or Plan subject to Title IV of ERISA or any ERISA Affiliate, has been, or is expected to be, incurred by Issuer or an ERISA Affiliate, either directly or indirectly.
All Plans of Issuer are in material compliance with ERISA and the Code. No lien under Section 412 of the Code or 302(f) of ERISA or requirement to provide security under the Code or ERISA has been or is reasonably expected by Issuer to be
imposed on its assets. The Issuer does not have any obligation under any collective bargaining agreement. As of the Closing Date, the Issuer is not an employee benefit plan with the meaning of ERISA or a “plan” within the meaning of
Section 4975 of the Code and assets of the Issuer do not constitute “plan assets” within the meaning of Section 2510.3-101 of the regulations of the Department of Labor. 

Section 619. Ownership of Issuer. As of the Closing Date, the Issuer has one class of common shares issued and outstanding, all of
which are owned by TL. 
 Section 620. Security Interest Representations. 

(a) This Supplement creates a valid and continuing security interest (as defined in the UCC) in the Series 2013-1 Series-Specific Collateral
in favor of the Indenture Trustee, for the benefit of the Series 2013-1 Noteholders, which security interest is prior to all other Liens (other than Permitted Encumbrances), and is enforceable as such as against creditors of and purchasers from the
Issuer. 
 (b) The Managed Containers constitute “goods” or “inventory” within the meaning of the applicable UCC. The
Leases constitute “tangible chattel paper” within the meaning of the UCC. The lease receivables constitute “accounts” or “proceeds” of the Leases within the meaning of the UCC. The Trust Account, the Excess Funding
Account, the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account constitute “securities accounts” within the meaning of the UCC. The Issuer’s contractual rights under any Interest Rate Hedge Agreements, the
Contribution and Sale Agreement, each Container Transfer Agreement and the Management Agreement constitute “general intangibles” within the meaning of the UCC. 

  
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 (c) The Issuer owns and has good and marketable title to the Collateral and any Series-Specific
Collateral, free and clear of any Lien (whether senior, junior or pari passu), claim or encumbrance of any Person, except for Permitted Encumbrances. 

(d) The Issuer has caused the filing of all appropriate financing statements or documents of similar import in the proper filing office in the
appropriate jurisdictions under Applicable Law in order to perfect the security interest in the Collateral and any Series-Specific Collateral granted to the Indenture Trustee in this Supplement and the Indenture. All financing statements filed
against the Issuer in favor of the Indenture Trustee in connection herewith describing the Collateral and any Series-Specific Collateral contain a statement to the following effect: “A purchase of or security interest in any collateral
described in this financing statement will violate the rights of the Indenture Trustee.” All steps necessary to perfect the security interest of the Indenture Trustee against the Issuer in the property securing the Series 2013-1 Advances have
been taken. 
 (e) Other than the security interest granted to the Indenture Trustee pursuant to this Supplement and the Indenture, the
Issuer has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Collateral and any Series-Specific Collateral, except as permitted pursuant to the Indenture. The Issuer has not authorized the filing of, and
is not aware of, any financing statements against the Issuer that include a description of collateral covering the Collateral and any Series-Specific Collateral other than any financing statement or document of similar import (i) relating to
the security interest granted to the Indenture Trustee in this Supplement or the Indenture or (ii) that has been terminated. The Issuer is not aware of any judgment or tax lien filings against the Issuer. 

(f) The Issuer has received a written acknowledgment from the Manager that the Manager or an Affiliate thereof is holding the Leases, to the
extent they relate to the Managed Containers, on behalf of, and for the benefit of, the Indenture Trustee and other Persons set forth in the Indenture. None of the Leases that constitute or evidence the Collateral and any Series-Specific Collateral
have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person. The Sellers have caused the filing of all appropriate financing statements or documents of similar import in the proper filing office
in the appropriate jurisdictions under Applicable Law in order to perfect the security interest of the Issuer (and the Indenture Trustee as its assignee) in the Leases (to the extent that such Leases relate to the Managed Containers) granted to the
Issuer in the Contribution and Sale Agreement and each Container Transfer Agreement. 
 (g) The Issuer has received all necessary consents
and approvals required by the terms of the Collateral and any Series-Specific Collateral to the pledge to the Indenture Trustee of its interest and rights in such Collateral and any Series-Specific Collateral hereunder or under the Indenture. 

(h) The Issuer has taken all steps necessary to cause Wells Fargo Bank, National Association (in its capacity as securities intermediary) to
identify in its records the Indenture Trustee as the Person having a Securities Entitlement in each of the Trust Account, the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account. 

  
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 (i) The Trust Account, the Excess Funding Account, the Series 2013-1 Restricted Cash Account and
Series 2013-1 Series Account are not in the name of any Person other than the Issuer or Indenture Trustee. The Issuer has not consented to Wells Fargo Bank, National Association (as the Securities Intermediary of the Trust Account, the Excess
Funding Account, the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account) entering into any agreement in which it has agreed to comply with entitlement orders of any Person other than the Indenture Trustee. 

(j) All Eligible Investments have been and will have been credited to one of the Trust Account, the Excess Funding Account, the Series 2013-1
Restricted Cash Account and the Series 2013-1 Series Account. The securities intermediary for each of the Trust Account, the Excess Funding Account, the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account has agreed to treat
all assets credited to the Trust Account, the Excess Funding Account, the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account as “financial assets” within the meaning of the UCC. 

(k) The Issuer has delivered to Indenture Trustee a fully executed agreement pursuant to which the securities intermediary has agreed to
comply with all instructions originated by the Indenture Trustee relating to the Trust Account, the Excess Funding Account, the Series 2013-1 Restricted Cash Account and the Series 2013-1 Series Account without further consent by the Issuer. 

(l) No creditor of the Issuer (other than (x) with respect to the Managed Containers, the related Lessee and (y) the Manager in its
capacity as Manager under the Management Agreement) has in its possession any goods that constitute or evidence the Collateral or any Series-Specific Collateral. 

Any breaches of the representations and warranties set forth in this Section 620 may be waived by the Indenture Trustee, only with the prior
written consent of the Control Party and with the prior satisfaction of the Rating Agency Condition. 
 Section 621. ERISA Lien.
As of the Closing Date, the Issuer has not received notice that any Lien arising under ERISA has been filed against the assets of the Issuer. 

Section 622. Survival of Representations and Warranties. So long as any of the Series 2013-1 Notes shall be Outstanding, the
representations and warranties contained herein shall have a continuing effect as having been true when made. 
 ARTICLE VII 

Miscellaneous Provisions 

Section 701. Ratification of Indenture. As supplemented by this Supplement, the Indenture is in all respects ratified and
confirmed and the Indenture as so supplemented by this Supplement shall be read, taken and construed as one and the same instrument. 

Section 702. Counterparts. This Supplement may be executed in two or more counterparts, and by different parties on separate
counterparts, each of which shall be an original, 

  
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but all of which shall constitute one and the same instrument. Delivery of an executed counterpart of this Supplement by facsimile or by electronic means shall be equally effective as of the
delivery of an originally executed counterpart. 
 Section 703. Governing Law. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAWS BUT OTHERWISE WITHOUT REFERENCE TO ITS CONFLICTS OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND
REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 704. Notices. All demands,
notices and communications hereunder shall be in writing, personally delivered, or by facsimile (with subsequent telephone confirmation of receipt thereof), or sent by internationally recognized overnight courier service, (a) in the case of the
Indenture Trustee, at the following address: Sixth Street and Marquette Avenue, MAC N9311-161, Minneapolis, Minnesota, 55479, Attention: Corporate Trust Services/Asset-Backed Administration, (b) in the case of the Issuer, at the following
address: Century House, 16 Par-la-Ville Road, Hamilton HM HX, Bermuda, Telephone: (441) 292-2487, Facsimile: (441) 295-4164, Attention: Chief Financial Officer, with a copy to each: (i) Textainer Equipment Management Limited at its
address at Century House, 16 Par-la-Ville Road, Hamilton HM HX, Bermuda, Telephone: (441) 292-2487, Facsimile: (441) 295-4164, Attention: Chief Financial Officer, and (ii) Textainer Equipment Management (U.S.) Limited at its address
at 650 California Street, 16th floor, San Francisco, CA 94108, Telephone: (415) 658-8214, Facsimile: (415) 434-0599, Attention: Chief Financial Officer, and (c) in the case of Rating Agency, at the following address:
Standard & Poor’s Ratings Services, 55 Water Street, New York, NY 10041-0003, or at such other address as shall be designated by such party in a written notice to the other parties. Any notice required or permitted to be given to a
Series 2013-1 Noteholder shall be given by certified first class mail, postage prepaid (return receipt requested), or by courier, or by facsimile, with subsequent telephone confirmation of receipt thereof, in each case at the address of such Series
2013-1 Noteholder as shown in the Note Register or to the telephone and fax number furnished by such Series 2013-1 Noteholder. Notice shall be effective and deemed received (A) upon receipt, if sent by courier or U.S. mail, (B) upon
receipt of confirmation of transmission, if sent by facsimile, or (C) when delivered, if delivered by hand. Any rights to notices conveyed to a Rating Agency pursuant to the terms hereof with respect to any Series shall terminate immediately if
such Rating Agency no longer has a rating outstanding with respect to such Series. 
 Section 705. Amendments and Modifications.

 (a) Subject to the provisions of Sections 705(b) through (d), the terms of this Supplement may be waived or amended in a
written instrument signed by each of the Issuer and the Indenture Trustee (acting at the direction of the Control Party), with the consent of each affected Interest Rate Hedge Provider (if such proposed amendment would adversely affect the rights,
duties or immunities of such Interest Rate Hedge Provider under this Indenture or otherwise). 

  
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 (b) Notwithstanding Section 705(a), but subject to Section 705(d), the
Indenture Trustee shall execute and deliver any amendment to this Supplement, without the consent or direction of any Series 2013-1 Noteholder, if the Issuer shall have provided to the Indenture Trustee an Officer’s Certificate of the Issuer to
the effect that such amendment or modification of this Supplement is for one of the following purposes: 
 (i) to add to the
covenants of the Issuer in this Supplement, or to surrender any right or power conferred upon the Issuer in this Supplement; 

(ii) to cure any ambiguity herein or to correct or supplement any provision hereof that may be inconsistent with any other
provision hereof or of any other Related Document; 
 (iii) to correct or amplify the description of any Series 2013-1
Series-Specific Collateral, or better to assure, convey and confirm unto the Indenture Trustee any property purported to be Series 2013-1 Series-Specific Collateral, or to subject additional property to the Lien of this Supplement; 

(iv) to add to the conditions, limitations and restrictions on the authorized amount, terms and purposes of issue,
authentication and delivery of the Series 2013-1 Notes, or additional conditions, limitations and restrictions thereafter to be observed by the Issuer with respect to the Series 2013-1 Notes; 

(v) to decrease the Advance Rate; or 

(vi) to add any additional Series-Specific Events of Default, Series-Specific Early Amortization Events or Series-Specific
Manager Defaults. 
 (c) Notwithstanding Section 705(a), but subject to Section 705(d), no amendment of this
Supplement, or waiver of any requirement herein set forth shall, without the consent of each Series 2013-1 Noteholder directly and adversely affected thereby: 

(i) reduce the principal amount of any Series 2013-1 Note, lengthen the Series 2013-1 Legal Final Payment Date, reduce the rate
of interest payable on any Series 2013-1 Note, amend any amount, or the allocation methodology, set forth in Section 303 (other than to increase the amount of the allocation to the Series 2013-1 Notes), change the date on which, the
amount of which, the place of payment where, or the coin or currency in which, any Series 2013-1 Note or the interest thereon, is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Legal Final
Payment Date of the Series 2013-1 Notes; 
 (ii) amend or waive any provision of this Supplement which specifies that such
provision cannot be amended or waived without the consent of such Person; 
 (iii) amend this Section 705(c);

  
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 (iv) amend any of the definitions of “Conversion Date”, “Control
Party”, “Series 2013-1 Asset Base”, “Series 2013-1 Effective Advance Rate” or “Series 2013-1 Required Overcollateralization Percentage” or to increase any component of the Series 2013-1 Advance Rate, or, except as
permitted by the proviso at the end of this Section 705(c), any supporting definition that would otherwise affect the definitions identified in this Section 705(c)(iv); 

(v) permit the creation of any Lien on the Series 2013-1 Series-Specific Collateral ranking prior to, or on a parity with, the
Lien granted under Section 213, or terminate such Lien, except as otherwise permitted in this Supplement; 
 provided that, for purposes
of clarification, no amendment of the Depreciation Policy, or adoption of an alternative depreciation policy pursuant to clause (B) of the definition of “Depreciation Expense” in the Indenture (each, for purposes of this proviso, an
“Existing Depreciation Policy”), at any time (A) to increase the assumed useful life of a Managed Container to more than the useful life for such Managed Container set forth in the Existing Depreciation Policy, (B) to increase
the residual value of a type of Managed Container to an amount in excess of the residual value for such type of Managed Container that is set forth in the Existing Depreciation Policy, or (C) otherwise to reduce the amount of depreciation
expense that would be recorded in any year from that which would have been recorded pursuant to the Existing Depreciation Policy shall be subject to the consent requirements of this Section 705(c) (and the Indenture Trustee shall only
require, for any such amendment, the direction of the Control Party, as provided in Section 705(a)). 
 (d) The obligation of
the Indenture Trustee to execute and deliver any waiver or amendment of this Supplement is subject to the satisfaction of all of the following conditions: 

(i) the Issuer shall have given the Indenture Trustee and the Manager not less than five days’ notice of such amendment
and a copy of such proposed amendment, it being understood that the Indenture Trustee and the Manager from time to time may waive the right to receive such notice; 

(ii) such waiver or amendment either (A) will not result in a Trust Early Amortization Event, Trust Event of Default or
Asset Base Deficiency (in each case calculated after giving effect to such proposed waiver, modification or amendment) or (B) shall have been approved by the Requisite Global Majority; 

(iii) the Issuer shall have delivered to the Indenture Trustee an Officer’s Certificate that all of the conditions
specified in Sections 705(d)(i) and (ii) have been satisfied; and 
 (iv) the Issuer shall have given the Indenture
Trustee an Opinion of Counsel stating that the execution of such waiver or amendment is authorized or permitted pursuant to the terms of this Supplement. 

  
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 (e) Prior to the execution of any written instrument pursuant to this Section 705,
the Issuer shall provide a written notice to any Rating Agency setting forth in general terms the substance of any such written instrument. 

(f) Promptly after the execution by the Issuer and the Indenture Trustee of any written instrument pursuant to this Section 705,
the Indenture Trustee shall mail to the Series 2013-1 Noteholders and any Rating Agency a copy of the text of such written instrument. Any failure of the Indenture Trustee to mail such copy, or any defect therein, shall not, however, in any way
impair or affect the validity of any such written instrument. 
 (g) Any amendment or waiver of any Series-Specific Early Amortization
Event, Series-Specific Manager Default or Series-Specific Event of Default in accordance with this Section 705 shall be effective for purposes of all Series of Notes (and, similarly, any amendment or waiver of any Series-Specific
Early Amortization Event for any other Series of Notes, Series-Specific Manager Default for any other Series of Notes or Series-Specific Event of Default for any other Series of Notes in accordance with the provisions of the related Supplement shall
be effective for purposes of the Series 2013-1 Notes). 
 (h) Any amendment or waiver of any Trust Early Amortization Event, Trust Manager
Default or Trust Event of Default in accordance with this Section 705 shall be effective as applied to Series 2013-1 only (and not for purposes of any other Series of Notes), unless similarly amended or waived in accordance with the
Indenture or the related Supplement for any other Series of Notes. 
 Section 706. Consent to Jurisdiction. ANY LEGAL SUIT,
ACTION OR PROCEEDING AGAINST THE ISSUER ARISING OUT OF OR RELATING TO THIS SUPPLEMENT, 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 THE ISSUER 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 SUPPLEMENT, THE ISSUER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT IN
ANY SUCH SUIT, ACTION OR PROCEEDING. 
 Section 707. Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES,
AS AGAINST THE OTHER PARTIES 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 SUPPLEMENT OR
ANY OTHER SERIES 2013-1 RELATED DOCUMENT, INCLUDING IN RESPECT OF THE NEGOTIATION, ADMINISTRATION OR ENFORCEMENT HEREOF OR THEREOF. 

Section 708. Successors. This Supplement shall inure to the benefit of and be binding upon the Issuer, the Indenture Trustee and,
by its acceptance of any Series 2013-1 Note or any legal or beneficial interest therein, each Series 2013-1 Noteholder and each of such Person’s successors and assigns. 

  
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 Section 709. Nonpetition Covenant. Each Series 2013-1 Noteholder by its acquisition
of a Series 2013-1 Note shall be deemed to covenant and agree, that it will not institute against the Issuer any bankruptcy, reorganization, arrangement insolvency or liquidation Proceedings, or other Proceedings under any federal or state
bankruptcy or similar law, at any time other than on a date which is at least one (1) year and one (1) day after the last date on which any Note of any Series was Outstanding. 

Section 710. Recourse Against the Issuer. No recourse under or with respect to any obligation, covenant or agreement (including,
without limitation, the payment of any fees or any other obligations) of the Issuer as contained in this Supplement or any other agreement, instrument or document entered into by the Issuer pursuant hereto or in connection herewith shall be had
against any administrator of the Issuer or any incorporator, affiliate, shareholder, officer, employee, manager or director of the Issuer or of any such administrator, as such, by the enforcement of any assessment or by any legal or equitable
proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that the agreements of the Issuer contained in this Supplement and all of the other agreements, instruments and documents entered into by the Issuer pursuant
hereto or in connection herewith are, in each case, solely the corporate obligations of the Issuer, and that no personal liability whatsoever shall attach to or be incurred by any administrator of the Issuer or any incorporator, shareholder,
affiliate, officer, employee, manager or director of the Issuer or of any such administrator, as such, or any other of them, under or by reason of any of the obligations, covenants or agreements of the Issuer contained in this Supplement or in any
other such instruments, documents or agreements, or which are implied therefrom, and that any and all personal liability of every such administrator of the Issuer and each incorporator, shareholder, affiliate, officer, employee, manager or director
of the Issuer or of any such administrator, as such, or any of them, for breaches by the Issuer of any such obligations, covenants or agreements, which liability may arise either at common law or at equity, by statute or constitution, or otherwise,
is hereby expressly waived as a condition of and in consideration for the execution of this Supplement. The provisions of this Section 710 shall survive the termination of this Supplement. 

Section 711. Reports, Financial Statements and Other Information to Noteholders. The Indenture Trustee will make available
promptly upon receipt thereof to the Series 2013-1 Noteholders via the Indenture Trustee’s internet website at www.CTSLink.com the financial statements referred to in Section 7.2 of the Management Agreement, the Manager Report, the
Asset Base Report, and the annual insurance confirmation; provided, that, as a condition to access to the Indenture Trustee’s website, the Indenture Trustee shall require each such Series 2013-1 Noteholder to execute the Indenture
Trustee’s standard form documentation, and upon such execution, each such Series 2013-1 Noteholder shall be deemed to have certified to the Indenture Trustee it (i) is a Series 2013-1 Noteholder, (ii) understands that such items
contain material nonpublic information (within the meaning of U.S. Federal Securities laws), (iii) is requesting the information solely for use in evaluating such party’s investment in the Series 2013-1 Notes and will keep such information
strictly confidential (with such exceptions and restrictions to distribution of the information as are more fully set forth in the information request certification) and (iv) is not a Competitor. Each time a Series 2013-1 Noteholder 

  
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accesses the internet website, it will be deemed to have confirmed the representations and warranties made pursuant to the confirmation as of the date of such access. The Indenture Trustee will
provide the Issuer with copies of such information request certification. Assistance in using the Indenture Trustee’s website can be obtained by calling the Indenture Trustee’s customer service desk at (866) 846-4526. 

Section 712. Duties of Administrative Agent. All of the duties and responsibilities of the Administrative Agent set forth in the
Indenture, this Supplement or any other Related Document are subject in all respects to the terms and conditions of the Administration Agreement. Each of the Issuer, the Indenture Trustee and, by acceptance of its Notes, each Noteholder hereby
acknowledges the terms of the Administration Agreement and agrees to cooperate with the Administrative Agent in their execution of its duties and responsibilities. 

[Signature page follows.] 

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

			
	TEXTAINER MARINE CONTAINERS IV LIMITED
		
	By:	 	 /S/ Christopher Morris

	Name:	 	Christopher Morris, Executive Vice President

  
 Series 2013-1 Supplement

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
		
	By:	 	 /s/ Brad Martin

	Name:	 	
	Title:	 	VP

  
 Series 2013-1 Supplement

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