AMENDMENT NUMBER ONE
TO LITIGATION MANAGEMENT AGREEMENT
THIS AMENDMENT NUMBER ONE, dated as of March 15, 1999 is made by and
among Golden State Bancorp Inc. ("GSB"), a Delaware corporation, California
Federal Bank, A Federal Savings Bank ("Cal Fed"), (including in its capacity as
successor by merger with Glendale Federal Bank, Federal Savings Bank ("Xxxx
Fed")), Xxxxxxx X. Xxxxxxx, and Xxxxxxx X. Xxxx (collectively "the Parties") to
the Litigation Management Agreement (the "Agreement") dated as of February 4,
1998 by and among the Parties.
WHEREAS, in accordance with the provisions of Section 6.1 of the
Agreement the Parties desire to amend the Agreement as set for in this Amendment
Amendments
NOW, THEREFORE, in consideration of the foregoing, and intending to be
legally bound hereby, the Parties agree as follows:
1. Schedule 2.1(c)(ii) to the Agreement is amended by replacing the
amount of $325,000 appearing in the second line of the Paragraph 1. entitled
"Retirement Benefits" with the amount of $375,000.
2. Except as expressly amended by this Amendment, the Agreement is
hereby ratified and confirmed in all respects.
3. This Amendment may be executed in two or more counterparts, each of
which shall be deemed an original and all of which shall be considered one and
the same agreement, and shall become effective when counterparts have been
signed by each of the Parties and delivered to the other Parties, it being
understood that all Parties need not sign on the same counterpart.
4. This Amendment shall be governed and construed in accordance with
the provisions of the Agreement.
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IN WITNESS WHEREOF, the Parties have executed this Amendment or caused
this Amendment to be executed by their respective officers thereunto duly
authorized, as of the date first above written.
GOLDEN STATE BANCORP INC.
By: /s/ Xxxxxxx X. Xxxxxxx
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Xxxxxxx X. Xxxxxxx
Executive Vice President and
Chief Financial Officer
CALIFORNIA FEDERAL BANK,
A FEDERAL SAVINGS BANK
(including in its capacity as successor by merger to
Glendale Federal Bank, Federal Savings Bank)
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx
Senior Vice President
/s/ Xxxxxxx X. Xxxxxxx
--------------------------------
Xxxxxxx X. Xxxxxxx
/s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx
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