x
|
QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934.
|
o
|
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF
1934.
|
For
the transition period from __________________ to
______________________.
|
Delaware
(State
or Other Jurisdiction of
Incorporation
or Organization)
|
32-0163571
(I.R.S.
Employer
Identification
No.)
|
Yes
x
|
No
o
|
Large
accelerated filer o
|
Accelerated
filer o
|
Non-accelerated
filer x
|
Yes
o
|
No
x
|
PART
I.
|
FINANCIAL
INFORMATION
|
||
Item
1.
|
Financial
Statements
|
3
|
|
Item
2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
17
|
|
Item
3.
|
Quantitative
and Qualitative Disclosures About Market Risk
|
23
|
|
Item
4.
|
Controls and Procedures |
23
|
|
PART
II.
|
OTHER
INFORMATION
|
||
Item
1.
|
Legal
Proceedings.
|
24
|
|
Item
1A.
|
Risk
Factors
|
24
|
|
Item
2.
|
Unregistered
Sales of Equity Securities and Use of Proceeds.
|
24
|
|
|
|||
Item
3.
|
Defaults
Upon Senior Securities.
|
24
|
|
Item
4.
|
Submission
of Matters to a Vote of Security Holders.
|
24
|
|
Item
5.
|
Other
Information.
|
24
|
|
Item
6.
|
Exhibits.
|
24
|
|
|
Predecessor
|
|
Successor
|
|
|||||
June
30,
|
June
30,
|
September
30,
|
||||||||
|
|
2007
|
|
2007
|
|
2007
|
|
|||
|
|
|
|
(Unaudited)
|
|
|||||
Assets
|
|
|
|
|
|
|
|
|||
Cash
and cash equivalents, including $68,218 held in trust account at
June 30,
2007 (successor)
|
|
$
|
886
|
|
$
|
68,277
|
|
$
|
15,390
|
|
Trade
and other receivables, net of allowance for doubtful accounts of
$237
and $133 at June 30, 2007 and September 30, 2007, respectively
|
|
|
13,322
|
|
|
--
|
|
|
15,356
|
|
Inventories
|
|
|
5,472
|
|
|
--
|
|
|
10,592
|
|
Prepaid
expenses
|
|
|
--
|
|
|
111
|
|
|
79
|
|
Total
current assets
|
|
|
19,680
|
|
|
68,388
|
|
|
41,417
|
|
|
|
|
|
|
|
|
|
|
|
|
Lease
receivables
|
|
|
1,364
|
|
|
--
|
|
|
1,512
|
|
Property,
plant and equipment, net
|
|
|
2,737
|
|
|
2
|
|
|
4,568
|
|
Container
for lease fleet, net
|
|
|
40,928
|
|
|
--
|
|
|
56,899
|
|
Intangible
assets, net
|
|
|
4,079
|
|
|
--
|
|
|
50,230
|
|
Deferred
tax assets
|
|
|
--
|
|
|
132
|
|
|
--
|
|
Other
assets (including $1,548 of deferred acquisition costs at June
30,
2007)
|
|
|
--
|
|
|
2,556
|
|
|
30
|
|
Total
non-current assets
|
|
|
49,108
|
|
|
2,690
|
|
|
113,239
|
|
Total
assets
|
|
$
|
68,788
|
|
$
|
71,078
|
|
$
|
154,656
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
|
|
|
|
|
Trade
payables and accrued liabilities
|
|
$
|
8,641
|
|
$
|
893
|
|
$
|
20,967
|
|
Current
portion of long-term debt and obligations, including borrowings
from
related party of $2,350 at June 30, 2007 (successor)
|
|
|
10,359
|
|
|
2,350
|
|
|
9,760
|
|
Income
tax payable
|
|
|
245
|
|
|
177
|
|
|
504
|
|
Employee
benefits
|
|
|
1,614
|
|
|
12
|
|
|
1,069
|
|
Deferred
underwriting fees
|
|
|
--
|
|
|
1,380
|
|
|
--
|
|
Total
current liabilities
|
|
|
20,859
|
|
|
4,812
|
|
|
32,300
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
|
|
|
|
|
Long-term
debt and obligations, net of current portion
|
|
|
33,811
|
|
|
--
|
|
|
48,908
|
|
Deferred
tax liabilities
|
|
|
881
|
|
|
--
|
|
|
--
|
|
Employee
benefits and other non-current liabilities
|
|
|
197
|
|
|
--
|
|
|
1,595
|
|
Common
stock, subject to possible conversion
|
|
|
--
|
|
|
13,339
|
|
|
--
|
|
Total
non-current liabilities
|
|
|
34,889
|
|
|
13,339
|
|
|
50,503
|
|
|
|
|
|
|
|
|
|
|
|
|
Commitments
and contingencies
|
|
|
--
|
|
|
--
|
|
|
--
|
|
|
|
|
|
|
|
|
|
|
|
|
Minority
Interest
|
|
|
--
|
|
|
--
|
|
|
7,474
|
|
|
|
|
|
|
|
|
|
|
|
|
Stockholders’
equity
|
|
|
|
|
|
|
|
|
|
|
Preferred
stock, $.0001 par value: 1,000,000 shares authorized; no shares
outstanding (successor)
|
|
|
--
|
|
|
--
|
|
|
--
|
|
Common
stock, $.0001 par value: 100,000,000 shares authorized; 10,500,000
shares
and 9,690,099 shares outstanding at June 30, 2007 and September
30, 2007,
respectively (successor)
|
|
|
--
|
|
|
1
|
|
|
1
|
|
Class D and common stock (predecessor) |
12,187
|
--
|
--
|
|||||||
Additional
paid-in capital
|
|
|
--
|
|
|
51,777
|
|
|
59,950
|
|
Accumulated
other comprehensive income
|
|
|
862
|
|
|
--
|
|
|
1,757
|
|
Retained
earnings (accumulated deficit)
|
|
|
(9
|
)
|
|
1,149
|
|
|
2,671
|
|
|
|
|
13,040
|
|
|
52,927
|
|
|
64,379
|
|
Total
liabilities and stockholders’ equity
|
|
$
|
68,788
|
|
$
|
71,078
|
|
$
|
154,656
|
|
|
|
Predecessor
|
|
Successor
(Note
1)
|
|
|||||
Quarter
|
Period
from
|
Quarter
|
||||||||
|
|
Ended
|
|
July
1, to
|
|
Ended
|
|
|||
|
|
September
30,
|
|
September
13,
|
|
September
30,
|
|
|||
|
|
2006
|
|
2007
|
|
2007
|
|
|||
|
|
|
|
|
|
|
|
|||
Revenues
|
|
|
|
|
|
|
|
|||
Sale
of containers
|
|
$
|
10,626
|
|
$
|
10,944
|
|
$
|
3,278
|
|
Leasing
of containers
|
|
|
4,876
|
|
|
4,915
|
|
|
1,121
|
|
|
|
|
15,502
|
|
|
15,859
|
|
|
4,399
|
|
|
|
|
|
|
|
|
|
|
|
|
Costs
and expenses
|
|
|
|
|
|
|
|
|
|
|
Cost
of sales
|
|
|
9,776
|
|
|
9,466
|
|
|
2,947
|
|
Leasing,
selling and general expenses
|
|
|
4,050
|
|
|
4,210
|
|
|
1,225
|
|
Depreciation
and amortization
|
|
|
706
|
|
|
653
|
|
|
338
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income (loss)
|
|
|
970
|
|
|
1,530
|
|
|
(111
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
|
|
2
|
|
|
14
|
|
|
974
|
|
Interest expense
|
|
|
(771
|
)
|
|
(947
|
)
|
|
(374
|
)
|
Foreign currency exchange gain (loss) |
(2
|
)
|
(129
|
)
|
2,045
|
|||||
|
|
|
(771
|
)
|
|
(1,062
|
)
|
|
2,645
|
|
|
|
|
|
|
|
|
|
|
|
|
Income
before provision for income taxes and minority
interest
|
|
|
199
|
|
|
468
|
|
|
2,534
|
|
|
|
|
|
|
|
|
|
|
|
|
Provision
for income taxes
|
|
|
149
|
|
|
180
|
|
|
855
|
|
Minority
interest
|
|
--
|
|
--
|
|
|
157
|
|
||
Net
income
|
|
$
|
50
|
|
$
|
288
|
|
$
|
1,522
|
|
Net
income per share:
|
||||
Basic
|
$
|
0.15
|
||
Diluted
|
0.12
|
|||
Weighted
average shares outstanding
|
||||
Basic
|
10,350,344
|
|||
Diluted
|
12,679,576
|
Successor
|
|||||||||||||||||||
Accumulated
|
|||||||||||||||||||
Common
Stock
|
Additional
Paid-In
|
Other
Comprehensive
|
Retained
|
Total
Stockholders’
|
|||||||||||||||
Shares
|
Amount
|
Capital
|
Income
(Loss)
|
Earnings
|
Equity
|
||||||||||||||
Balance
at June 30, 2007
|
10,500,000
|
$
|
1
|
$
|
51,777
|
$
|
--
|
$
|
1,149
|
$
|
52,927
|
||||||||
Reversal
of common stock subject to possible conversion
|
--
|
--
|
12,858
|
--
|
--
|
12,858
|
|||||||||||||
Conversion
of common stock into cash
|
(809,901
|
)
|
--
|
(6,042
|
)
|
--
|
--
|
(6,042
|
)
|
||||||||||
Issuance
of warrants
|
--
|
--
|
1,309 |
--
|
--
|
1,309 | |||||||||||||
Share-based
compensation
|
--
|
--
|
34
|
--
|
--
|
34
|
|||||||||||||
Contributed
services
|
--
|
--
|
14
|
--
|
--
|
14
|
|||||||||||||
Net
income
|
--
|
--
|
--
|
--
|
1,522
|
1,522
|
|||||||||||||
Cumulative
translation adjustment
|
--
|
--
|
--
|
1,757
|
--
|
1,757
|
|||||||||||||
Balance
at September 30, 2007
|
9,690,099
|
$
|
1
|
$
|
59,950
|
$
|
1,757
|
$
|
2,671
|
$
|
64,379
|
Predecessor
|
Successor
(Note
1)
|
|||||||||
Quarter
|
Period
from
|
Quarter
|
||||||||
Ended
|
July
1, to
|
Ended
|
||||||||
September
30,
|
September
13,
|
September
30,
|
||||||||
2006
|
2007
|
2007
|
||||||||
Net
cash provided (used) by operating activities
|
$
|
2,638
|
$
|
4,294
|
$
|
(1,679
|
)
|
|||
Cash
flows from investing activities:
|
||||||||||
Proceeds
from sale of property, plant and equipment
|
—
|
28
|
—
|
|||||||
Acquisitions, net
of cash acquired
|
—
|
—
|
(52,003
|
)
|
||||||
Purchases of
property, plant and equipment
|
(109
|
)
|
—
|
(3 |
)
|
|||||
Purchases
of container lease fleet
|
(6,182
|
)
|
(3,106
|
)
|
(2,372
|
)
|
||||
Purchases
of intangible assets
|
(357
|
)
|
—
|
—
|
||||||
Payment
of deferred purchase consideration
|
(151
|
)
|
—
|
—
|
||||||
Net
cash used by investing activities
|
(6,799
|
)
|
(3,078
|
)
|
(54,378
|
)
|
||||
Cash
flows from financing activities:
|
||||||||||
Capital leasing activities
|
(216
|
)
|
(7,921
|
)
|
(201
|
) | ||||
Proceeds
from long-term borrowings
|
3,840
|
1,124
|
4,667 | |||||||
Proceeds
from issuances of capital
|
—
|
4,990
|
— | |||||||
Payments
to converting stockholders
|
—
|
—
|
(6,426
|
)
|
||||||
Minority
interest
|
— | — | 7,317 | |||||||
Repayment
of borrowings from related party
|
—
|
—
|
(2,350 | ) | ||||||
Net
cash provided (used) by financing activities
|
3,624
|
(1,807
|
)
|
3,007 | ||||||
Net decrease
in cash
|
(537
|
)
|
(591
|
) | (53,050 | ) | ||||
Cash
at beginning of period
|
567
|
886
|
68,277
|
|||||||
Translation
adjustment
|
22
|
(5
|
)
|
163 | ||||||
Cash
at end of period
|
$
|
52
|
$
|
290
|
$
|
15,390
|
|
September
13, 2007
|
||||||
Fair
value of the net tangible assets acquired and liabilities
assumed:
|
|
|
|||||
Cash
and cash equivalents
|
$ |
290
|
$
|
||||
Trade
and other receivables
|
12,009 | ||||||
Inventories
|
9,224 | ||||||
Lease
receivables
|
1,452 | ||||||
Property,
plant and equipment
|
4,345 | ||||||
Container
for lease fleet
|
51,362 | ||||||
Other
assets
|
586 | ||||||
Trade
and other payables
|
(14,991
|
)
|
|||||
Income
tax payable
|
(271
|
)
|
|||||
Other
current liabilities
|
(974
|
)
|
|||||
Long-term
debt and obligations
|
(37,868
|
)
|
|||||
Total
net tangible assets acquired and liabilities assumed
|
$
|
25,164 | |||||
|
|||||||
Fair
value of intangible assets acquired:
|
|||||||
Customer
backlog
|
21,722 | ||||||
Non-compete
agreement
|
3,139 | ||||||
Software
and other (including deferred financing costs of $926)
|
1,172 | ||||||
Goodwill
|
18,244 | ||||||
Total
intangible assets acquired
|
44,277 | ||||||
Total
purchase price
|
$
|
69,441
|
|
Three
months ended
September
30,
|
||||||
|
2006
|
2007
|
|||||
Revenues
|
$ | 15,502 | $ | 20,258 | |||
Net
income (loss)
|
$ | (322 | ) | $ | 869 | ||
Pro
forma net income (loss) per share -
|
|||||||
Basic
|
$ | (0.03 | ) | $ | 0.09 | ||
Diluted
|
(0.03 | ) | 0.07 |
Predecessor
|
Successor
|
||||||
June
30,
|
September
30,
|
||||||
2007
|
2007
|
||||||
Finished
goods
|
$
|
4,113
|
$
|
8,727
|
|||
Work
in progress
|
1,359
|
1,865
|
|||||
|
$
|
5,472
|
$
|
10,592
|
|
Quarter
Ended
September 30,
2007
|
|||
Basic
|
10,350,344
|
|||
Assumed
exercise of warrants
|
2,309,545
|
|||
Assumed exercise
of stock options
|
19,687
|
|||
Diluted
|
12,679,576
|
|
|
|
||||||||
|
Minimum
lease payments
|
Interest
|
Principal
|
|||||||
|
||||||||||
|
|
|
|
|||||||
Less
than one year
|
$
|
605
|
$
|
47
|
$
|
558
|
||||
Between
one and five years
|
184
|
23
|
161
|
|||||||
More
than five years
|
—
|
—
|
—
|
|||||||
|
$
|
789
|
$
|
70
|
$
|
719
|
|
||||
Less
than one year
|
$
|
3,085
|
||
One-two
years
|
1,222
|
|||
Two-three
years
|
1,001
|
|||
Three-four
years
|
531
|
|||
Four-five
years
|
234
|
|||
Thereafter
|
411
|
|||
$
|
6,484
|
Predecessor
|
Successor
|
|||||||||
Quarter
|
Period
from
|
Quarter
|
||||||||
Ended
|
July
1, to
|
Ended
|
||||||||
September
30,
|
September
13,
|
September
30,
|
||||||||
2006
|
2007
|
2007
|
||||||||
Cash
flows from operating activities
|
||||||||||
Net
income
|
$
|
50 |
$
|
288
|
$
|
1,522 | ||||
Loss
on sales and disposals of fixed assets
|
8 | 11 | — | |||||||
Foreign
exchange (gain) loss
|
1 | 58 | (2,620 | ) | ||||||
Unrealized
loss on forward exchange contracts
|
2 | 72 | 576 | |||||||
Unrealized
loss on interest rate swaps
|
35 | 90 | 16 | |||||||
Depreciation
and amortization
|
706 | 653 | 338 | |||||||
Amortization
of deferred financing costs
|
— | — | 24 | |||||||
Accretion
of interest on subordinated debt
|
325 | 32 | 10 | |||||||
Share-based
compensation expense
|
— | — | 34 | |||||||
Contributed
services
|
— | — | 14 | |||||||
Interest
deferred for common stock subject to possible conversion, net of
income
tax effect
|
— | — | (226 | ) | ||||||
Deferred
income taxes
|
149 | 180 | 574 | |||||||
Minority
interest
|
— | — | 157 | |||||||
Changes
in operating assets and liabilities:
|
||||||||||
Trade
and other receivables, net
|
(1,043) | 1,090 | (2,896 | ) | ||||||
Inventories
|
(56) | (3,822) | (818 |
)
|
||||||
Other
|
— | — | 71 | |||||||
Accounts
payable and accrued liabilities
|
2,461 | 5,642 | 1,581 | |||||||
Income
taxes payable
|
— | — | (36 | ) | ||||||
Net
cash provided (used) by operating activities
|
$
|
2,638 |
$
|
4,294
|
$
|
(1,679
|
) |
Predecessor
|
Successor
|
Combined
|
|||||||||||
Quarter
|
Period
from
|
Period
from
|
Quarter
|
||||||||||
Ended
|
July
1, to
|
September
14, to
|
Ended
|
||||||||||
September
30,
|
September
13,
|
September
30,
|
September
30,
|
||||||||||
2006
|
2007
|
2007
|
2007
|
||||||||||
Revenues
|
|||||||||||||
Sale
of containers
|
$
|
10,626
|
$
|
10,944
|
$
|
3,278
|
$
|
14,222
|
|||||
Leasing
of containers
|
4,876
|
4,915
|
1,121
|
6,036
|
|||||||||
|
15,502
|
15,859
|
4,399
|
20,258
|
|||||||||
Costs
and expenses
|
|||||||||||||
Cost
of sales
|
9,776
|
9,466
|
2,947
|
12,413
|
|||||||||
Leasing,
selling and general expenses
|
4,050
|
4,210
|
1,225
|
5,435
|
|||||||||
Depreciation
and amortization
|
706
|
653
|
338
|
991
|
|||||||||
Operating
income (loss)
|
970
|
1,530
|
(111
|
)
|
1,419
|
||||||||
Interest income
|
2
|
14
|
974
|
988
|
|||||||||
Interest expense
|
(771
|
)
|
(947
|
)
|
(374
|
)
|
(1,321
|
)
|
|||||
Foreign currency exchange gain (loss) |
(2
|
)
|
(129
|
)
|
2,045
|
1,916
|
|||||||
|
(771
|
)
|
(1,062
|
)
|
2,645
|
1,583
|
|||||||
Income
before provision for income taxes and minority
interest
|
199
|
468
|
2,534
|
3,002
|
|||||||||
Provision
for income taxes
|
149
|
180
|
855
|
1,035
|
|||||||||
Minority
interest
|
--
|
--
|
157
|
157
|
|||||||||
Net
income
|
$
|
50
|
$
|
288
|
$
|
1,522
|
$
|
1,810
|
|
|
Quarter
Ended September 30,
|
|||||
|
|
2006
|
|
|
2007
|
||
|
|||||||
Salaries,
wages and related
|
|
$
|
2.4
|
|
|
$
|
2.9
|
Rent
|
|
|
0.1
|
|
|
|
0.1
|
Customer
service center operating costs
|
|
|
0.6
|
|
|
|
0.8
|
Business
promotion
|
|
|
0.2
|
|
|
|
0.2
|
Travel
and meals
|
|
|
0.2
|
|
|
|
0.3
|
IT
and telecommunications
|
|
|
0.1
|
|
|
|
0.2
|
Professional
costs
|
|
|
0.3
|
|
|
|
0.3
|
Other
|
|
|
0.1
|
|
|
|
0.2
|
|
|
|
|
|
|
||
|
|
$
|
4.0
|
|
|
$
|
5.0
|
Predecessor
|
Successor
|
Combined
|
|||||||||||
Quarter
|
Period
from
|
Period
from
|
Quarter
|
||||||||||
Ended
|
July
1, to
|
September
14, to
|
Ended
|
||||||||||
September
30,
|
September
13,
|
September
30,
|
September
30,
|
||||||||||
2006
|
2007
|
2007
|
2007
|
||||||||||
Operating
income (loss)
|
$
|
970
|
$
|
1,530
|
$
|
(111
|
)
|
$
|
1,419
|
||||
Add
- depreciation and amortization
|
706
|
653
|
338
|
991
|
|||||||||
EBITDA
|
1,676
|
2,183
|
227
|
2,410
|
|||||||||
Add
-
|
|||||||||||||
Stock-based
compensation
|
--
|
--
|
34
|
34
|
|||||||||
Contributed
services
|
--
|
--
|
14
|
14
|
|||||||||
Adjusted
EBITDA
|
$
|
1,676
|
$
|
2,183
|
$
|
275
|
$
|
2,458
|
Predecessor
|
Successor
|
Combined
|
|||||||||||
Quarter
|
Period
from
|
Period
from
|
Quarter
|
||||||||||
Ended
|
July
1, to
|
September
14, to
|
Ended
|
||||||||||
September
30,
|
September
13,
|
September
30,
|
September
30,
|
||||||||||
2006
|
2007
|
2007
|
2007
|
||||||||||
Net
cash provided (used) by operating activities
|
$
|
2,638
|
$
|
4,294
|
$
|
(1,679
|
)
|
$
|
2,615
|
||||
Net
cash used by investing activities
|
$
|
(6,799
|
)
|
$
|
(3,078
|
)
|
$
|
(54,378
|
)
|
$
|
(57,456
|
)
|
|
Net
cash provided (used) by financing activities
|
$
|
3,624
|
$
|
(1,807
|
)
|
$
|
3,007
|
$
|
1,200
|
For
|
Against
|
Abstain
|
||
7,037,930
|
835,417
|
7,815
|
Date:
November 14, 2007
|
GENERAL
FINANCE CORPORATION
By:
/s/
Ronald F. Valenta
Ronald
F. Valenta
Chief
Executive Officer
|
By:
/s/
Charles E. Barrantes
Charles
E. Barrantes
Chief
Financial Officer
|
Exhibit
Number
|
Exhibit
Description
|
|
|
|
3.2
|
Amended and Restated Bylaws | |
10.13
|
|
Executive
Services Agreement, dated July 4, 2006, between Royal Wolf Trading
Australia Pty Ltd and Robert Allan (incorporated by reference
to Exhibit
10.13 of Registrant’s Form 8-K filed September 19,
2007).
|
10.16
|
|
Securities
Purchase Agreement, dated as of September 13, 2007, among General
Finance Corporation, GFN U.S. Australasia Holdings, Inc., GFN
Australasia
Holdings Pty Limited and Bison Capital Australia, L.P. (incorporated
by
reference to Exhibit 10.16 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.17
|
|
Senior
Secured Subordinated Promissory Note, dated September 13, 2007, of
GFN Australasia Finance Pty Limited in favor of Bison Capital
Australia,
L.P. (incorporated by reference to Exhibit 10.17 of Registrant’s Form 8-K
filed September 19, 2007).
|
|
|
|
10.18
|
|
Form
of Deed of Charge, dated as of September 13, 2007, between each of
General Finance Corporation, GFN U.S. Australasia Holdings, Inc.,
GFN
Australasia Holdings Pty Limited and GFN Australasia Finance
Pty Limited,
respectively, and Bison Capital Australia, L.P. (incorporated
by reference
to Exhibit 10.18 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.19
|
|
Warrants,
dated September 13, 2007, of General Finance Corporation in favor of
Bison Capital Australia, L.P. (incorporated by reference to Exhibit
10.19
of Registrant’s Form 8-K filed September 19, 2007).
|
|
|
|
10.20
|
|
Registration
Rights Agreement dated as of September 13, 2007, between General
Finance Corporation and Bison Capital Australia, L.P. (incorporated
by
reference to Exhibit 10.20 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.21
|
|
Guaranty,
dated as of September 13, 2007, by General Finance Corporation, GFN
U.S. Australasia Holdings, Inc. and GFN Australasia Holdings
Pty Limited
in favor of Bison Capital Australia, L.P. (incorporated by reference
to
Exhibit 10.21 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.22
|
|
Shareholders
Agreement dated as of September 13, 2007, among General Finance
Corporation, GFN U.S. Australasia Holdings, Inc. and Bison Capital
Australia, L.P. (incorporated by reference to Exhibit 10.22 of
Registrant’s Form 8-K filed September 19, 2007).
|
|
|
|
10.23
|
|
Royal
Wolf Intercreditor Deed, dated as of September 13, 2007, among
General Finance Corporation, Bison Capital Australia, L.P., Royal
Wolf
Trading Australia Pty Ltd, GFN Australasia Finance Pty Ltd, RWA
Holdings
Pty Ltd, GFN Australasia Holdings Pty Ltd, Royal Wolf Hi-Tech
Pty Ltd, and
Australia and New Zealand Banking Group Limited (incorporated
by reference
to Exhibit 10.23 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.24
|
|
Sublease,
dated February 7, 2007, between Royal Wolf Trading Australia Pty Ltd
and Tyne Container Services Pty Limited (incorporated by reference
to
Exhibit 10.24 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.25
|
|
Commercial
Tenancy Agreement, dated October 31, 2006, between Royal Wolf Trading
Australasia Pty Ltd and Corporate Banking Services Pty Ltd (incorporated
by reference to Exhibit 10.25 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.26
|
|
Lease,
dated October 1, 2006, between Royal Wolf Trading Australia Pty Ltd
and GPF No. 3 Pty (incorporated by reference to Exhibit 10.26
of
Registrant’s Form 8-K filed September 19, 2007).
|
|
|
|
10.27
|
|
Letter
of Offer, dated September 10, 2007, to Royal Wolf Australia Group
from Australia and New Zealand Banking Group Limited (incorporated
by
reference to Exhibit 10.27 of Registrant’s Form 8-K filed September 19,
2007).
|
|
|
|
10.28
|
|
Cross
Guarantee and Indemnity, dated September 13, 2007, by GFN Australasia
Holdings Pty Limited, GFN Australasia Finance Pty Limited, Royal
Wolf
Trading Australia Pty Limited, RWA Holdings Pty Limited and Royal
Wolf
Hi-Tech Ltd in favor of Australia and New Zealand Banking Group
Limited
(incorporated by reference to Exhibit 10.28 of Registrant’s Form 8-K filed
September 19, 2007).
|
10.29
|
Compensation of Non-Employee Directors | |
31.1
|
Certification
of Chief Executive Officer Pursuant to SEC Rule 13a-14(a)/15d-14(a)
|
|
31.2
|
Certification
of Chief Financial Officer Pursuant to SEC Rule
13a-14(a)/15d-14(a)
|
|
|
||
32.1
|
Certification
of Chief Executive Officer Pursuant to 18 U.S.C. §1350
|
|
|
||
32.2
|
Certification
of Chief Financial Officer Pursuant to 18 U.S.C.
§1350
|