American Railcar Industries, Inc. Watch

from 8-K 9 pages First Indenture Supplement

from 8-K 176 pages Indenture Dated as of January 29, 2015 by and Between Longtrain Leasing III, LLC, a Delaware Limited Liability Company, as the Issuer of the Equipment Notes and U.S. Bank National Association, as Indenture Trustee for the Equipment Notes 2.98% Fixed Rate Secured Railcar Equipment Notes, Class A-1 4.06% Fixed Rate Secured Railcar Equipment Notes, Class A-2

from 8-K 2 pages [Face of Certificate] [Logo] Ari American Railcar Industries, Inc. Incorporated Under the Laws of the State of North Dakota Cusip 02916p 10 3 See Reverse for Certain Definitions This Certifies That Is the Owner of Fully Paid and Non-Assessable Shares of Common Stock of the Par Value of $.01 Per Share of American Railcar Industries, Inc. Transferable on the Books of the Corporation by the Holder Hereof in Person or by Duly Authorized Attorney Upon Surrender of This Certificate Properly Endorsed. This Certificate and the Shares Represented Hereby Are Issued and Shall Be Held Subject to All of the Provisions of the Articles of Incorporation of the Corporation and Any Amendments Thereto, to All of Which the Holder, by Acceptance Hereof, Assents. This Certificate Is Not Valid Unless Countersigned by the Transfer Agent and Registered by the Registrar. Witness the Facsimile Seal of the Corporation and the Facsimile Signatures of Its Duly Authorized Officers. Dated: [Seal] [Signature] Secretary [Signature] President and Chief Executive Officer Countersigned and Registered: American Stock Transfer & Trust Company, LLC (New York, N.Y.) Transfer Agent Registrar by Authorized Officer

from 8-K 3 pages First Supplemental Indenture

from 8-K 149 pages American Railcar Industries, Inc., as Issuer, and the Guarantors Named Herein 7.5% Senior Notes Due 2014 Indenture Dated as of February 28, 2007 Wilmington Trust Company, as Trustee

from S-1/A ~20 pages Ex-4.2 Form of Registration Rights Agreement

from S-1/A 3 pages Ex-4.1 American Railcar Industries Stock Certificate

from S-1 16 pages [Form Of] American Railcars Industries, Inc. Registration Rights Agreement

from S-1 3 pages Ex-4.1: Specimen Common Stock Certificate