AMENDED AND RESTATED EMPLOYMENT AGREEMENT
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “ Agreement ”) is effective as of the 31st day of
December, 2008, by and between Victor Garcia (“ Employee ”) and CAI International, Inc., a Delaware corporation (the “
A. Container Applications International, Inc., a Nevada corporation and predecessor in interest to the Company, and
Employee entered into that certain Employment Agreement dated as of November 1, 2006 (the “ 2006 Agreement ”), whereby
the Company retained Employee as the Company’s Senior Vice President and Chief Financial Officer in exchange for certain
consideration as detailed in the 2006 Agreement.
B. Company and Employee desire to amend and restate the 2006 Agreement.
In consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
(a) Position. The Company agrees to employ Employee for the term of his employment under this Agreement in the
position of Senior Vice President and Chief Financial Officer on the terms and conditions set forth in this Agreement.
(b) Management Authority. As such officer, Employee shall be responsible for the relations of the Company with financial
institutions, including lenders, lessors and owners of equipment managed by the Company. Employee shall report directly to
Mr. Masaaki Nishibori, the Chief Executive Officer of the Company, and shall also be responsible for any other duties which
Mr. Nishibori may specify; provided that such duties are consistent with Employee’s position as an executive officer of the
(c) Obligations. During the term of his employment under this Agreement, Employee shall perform and discharge well and
faithfully his duties and shall devote his full business efforts and time to the Company. The foregoing, however, shall not