13G Filing: Bison Capital Partners V, L.P. and General Finance Corp (GFN)

(1)   Based on 26,611,688 shares of Common Stock outstanding as of September 1, 2017, as reported in the Annual Report on Form 10-K filed by the Issuer on September 8, 2017, plus the 1,130,565.88 shares of Common Stock issuable to the Reporting Person upon conversion of the $9,609,810 aggregate principal amount of 11.9% Secured Senior Convertible Promissory Note, dated September 25, 2017 (the Convertible Notes), currently held by the Reporting Person.  As reported in the Issuers Current Report on Form 8-K filed by the Issuer on September 28, 2017, Bison Capital Partners V, L.P. (Bison V) acquired $26 million aggregate principal amount of the Convertible Notes and such Convertible Notes were issued to Bison V on September 25, 2017.  Promptly following the issuance of such $26 million aggregate principal amount of the Convertible Notes to Bison V, Bison V assigned $890,190 aggregate principal amount of such Convertible Notes to Bison Capital Partners V-A, L.P. and $15,500,000 aggregate principal amount of such Convertible Notes to two unaffiliated third parties.  Following such assignment, Bison V continued to hold $9,609,810 aggregate principal amount of the Convertible Notes which are convertible into the shares of Common Stock reported hereby.

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