0001104659-05-017381 Sample Contracts

MUTUAL GENERAL RELEASE
Mutual General Release • April 21st, 2005 • Greenbrier Companies Inc • Railroad equipment • Delaware
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After recording, return to: Tonkon Torp LLP
Termination of Option Agreement • April 21st, 2005 • Greenbrier Companies Inc • Railroad equipment
SETTLEMENT AGREEMENT
Settlement Agreement • April 21st, 2005 • Greenbrier Companies Inc • Railroad equipment • Delaware
STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • April 21st, 2005 • Greenbrier Companies Inc • Railroad equipment • Delaware

This STOCK PURCHASE AGREEMENT (this “Agreement”) is entered into as of April 20, 2005, by and among George L. Chelius and Eric Epperson, not in their individual capacities but solely in their capacities as Executors (each a “Representative” and together the “Representatives”) of the will and estate of Alan James (“James”) pursuant to Letters Testamentary (“Letters Testamentary”)(Case Number 050290219), dated February 17, 2005, issued by the Circuit Court of the State of Oregon for the County of Multnomah (the “Estate”) and, to the extent provided in Section 3.12 of the Settlement Agreement (as defined herein), as Trustees of a Trust referred to in Section 3.12 of the Settlement Agreement), William A. Furman (“Furman,” and together with the Representatives, the “Sellers”) and The Greenbrier Companies, Inc., a Delaware corporation (the “Company”), (the Sellers and the Company sometimes referred to collectively as the “Parties” or individually as a “Party”).

THE GREENBRIER COMPANIES, INC. REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • April 21st, 2005 • Greenbrier Companies Inc • Railroad equipment • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made effective as of April 20, 2005, by and among The Greenbrier Companies, Inc., a Delaware corporation (the “Company”), and George L. Chelius and Eric Epperson, not in their individual capacities but solely in their capacities as executors of the will and estate of Alan James, pursuant to Letters Testamentary (Case Number 050290219), dated February 17, 2005, issued by the Circuit Court of the State of Oregon for the County of Multnomah (the “Estate”) and in their capacities as trustees under any trusts (“Trusts” and each a “Trust”) created under the last will and testament of Alan James, dated March 12, 2004 (the “Representatives” and each a “Representative”).

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Letter Agreement • April 21st, 2005 • Greenbrier Companies Inc • Railroad equipment • New York

This letter agreement (this “Agreement”) relates to the proposed public offering (the “Offering”) by The Greenbrier Companies, Inc., a Delaware corporation (the “Company”), of its common stock, $.001 par value (the “Stock”).

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