FOURTH AMENDMENT to
STOCK SALE AGREEMENT by and between PLM INTERNATIONAL,INC.
and GUARANTY FEDERAL BANK, F.S.B. dated as of October 26, 1999
PLM International, Inc. ("Seller") and Guaranty Business Credit
Corporation ("Purchaser") hereby enter into this Fourth Amendment (the "Fourth
Amendment") to Stock Sale Agreement by and between PLM International, Inc. and
Guaranty Federal Bank, F.S.B. dated as of October 26, 1999 (the "Agreement").
WHEREAS, Seller and Purchaser, as successor to Guaranty Federal Bank,
F.S.B., are parties to the Agreement; and
WHEREAS, Section 5.4 of the Agreement provides that Seller and
Purchaser shall jointly make and file the Section 338(h)(10) Election with
respect to the acquisition of Company and each Company Subsidiary; and
WHEREAS, Section 5.4 (a)(ii) of the Agreement calls for Purchaser to
prepare and submit to Seller a draft of the Section 338 Forms setting forth the
Election Allocations at least one hundred twenty (120) days prior to the latest
date for the filing of each Section 338 Form; and
WHEREAS, the parties agree that the date for Purchaser to submit to
Seller the draft of the Section 338 Forms as required by Section 5.4 (a)(ii) is
presently August 17, 2000 (the "Draft Election Submission Date"); and
WHEREAS, the Seller and the Purchaser desire to extend the Draft
Election Submission Date to September 18, 2000;
THEREFORE, the Seller and the Purchaser desire to modify the Agreement
and agree to the following:
1. All capitalized terms contained in this Fourth Amendment and not
otherwise defined herein shall have the meaning set forth in the
Agreement.
2. The Draft Election Submission Date described in Section 5.4(a)(ii) is
hereby extended to and including September 18, 2000; and
3. Except as specifically modified by this Fourth Amendment, the terms of
the Agreement are hereby affirmed, enforceable and remain in full force
and effect.
Dated: July 31, 2000
PLM INTERNATIONAL, INC. GUARANTY BUSINESS CREDIT
Seller CORPORATION, Purchaser
By: /s/ Xxxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxxx
Title: Chairman of the Board Title: Chief Financial Officer
