AMENDMENT NO. 1 TO STOCK SALE AGREEMENT
This Amendment No. 1 to Stock Sale Agreement (this
"Amendment") is made as of January 24, 2000 by and between Guaranty Federal
Bank, F.S.B., a federally chartered savings bank ("Purchaser"), and PLM
International, Inc., a Delaware corporation ("Seller"), in connection with that
certain Stock Sale Agreement, dated as of October 26, 1999, by and between
Purchaser and Seller (the "Stock Sale Agreement").
WHEREAS, Purchaser and Seller constitute all of the parties to
the Stock Sale Agreement; and
WHEREAS, the parties hereto desire to enter into this Amend-
ment to amend Section 7.1( c ) of the Stock Sale Agreement.
NOW, THEREFORE, in consideration of the foregoing premises and
the mutual covenants and agreements set forth herein, and intending to be
legally bound hereby, the parties hereto hereby agree as follows:
1. Definitions. Capitalized terms used and not otherwise
defined herein shall have the respective meanings assigned to such terms in the
Stock Sale Agreement.
2. Termination Date. The date "March 1, 2000" that appears
in Section 7.1( c) of the Stock Sale Agreement is hereby amended and changed to
"March 15, 2000."
3. Effect on Stock Sale Agreement. Except as set forth
above, all provisions of the Stock Sale Agreement shall remain in full force or
effect.
IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be executed and delivered by there duly authorized representatives
as of the day and year first above written.
PLM INTERNATIONAL, INC., Seller
By: /s/ Xxxxxx X. Xxxxxxx
Title: Chairman of the Board
GUARANTY FEDERAL BANK, F.S.B.,
Purchaser
By: /s/ Xxxxxx X. Xxxxx
Title: Chief Financial Officer
