TRANSFER AGREEMENT This Transfer Agreement (the "Agreement") is entered into as of June 20, 2002 between GSB Guarantor Corp., a Delaware corporation ("GSB Guarantor"), and GSB Investments Corp., a Delaware corporation and wholly-owned subsidiary of...Transfer Agreement • June 28th, 2002 • Mafco Holdings Inc • Savings institution, federally chartered • Delaware
June 20, 2002 GSB Investments Corp. 35 East 62nd Street New York, New York 10021 GSB Guarantor Corp. 35 East 62nd Street New York, New York 10021 Ladies and Gentlemen: Reference is hereby made to the Transfer Agreement dated as of the date hereof (the...Mafco Holdings Inc • June 28th, 2002 • Savings institution, federally chartered
Reference is hereby made to the Transfer Agreement dated as of the date hereof (the "Transfer Agreement") between GSB Investments Corp. and GSB Guarantor Corp. ("GSB Guarantor"). Capitalized terms used in this letter agreement and not otherwise defined have the meanings given to them in the Transfer Agreement. Mafco Holdings Inc. ("MFI") here agrees that it shall cause GSB Guarantor to perform all of GSB Guarantor's obligations under the Transfer Agreement including those obligations under the Securityholders Agreement by which GSB Guarantor has agreed to be bound pursuant to the Transfer Agreement. MFI agrees that Citigroup shall be a third party beneficiary of this letter agreement and shall be entitled to enforce the provisions hereof.
