The GREENBRIER COMPANIES NONQUALIFIED DEFERRED COMPENSATION PLAN Amendment No. 4 (January 7th, 2015)
The Greenbrier Companies, Inc. (the Company) hereby adopts this Amendment No. 4 to The Greenbrier Companies Nonqualified Deferred Compensation Plan (the Plan) in order to permit the Company to make discretionary contributions on behalf of selected Participants in the Plan who do not participate in the Target Benefit Program under the Plan. This Amendment No. 4 is effective as of October 28, 2014 (the Effective Date) and amends the terms of the Adoption Agreement for the Plan executed on December 29, 2009, as previously amended.