Plm International Inc Watch

from 10-Q >50 pages Ex-10.1--Warehousing Credit Agreement

from 10-K405 ~5 pages Amendment to Warehousing Credit Agreement

from 10-K405 ~5 pages Amendment to Warehousing Credit Agreement

from 10-K405 ~5 pages Amendment to Warehousing Credit Agreement

from 10-Q 1 page Amendment #2 to Master Lease #46494 Dated April 2, 1999 (The "Lease") Between Wells Fargo Equipment Finance, Inc. ("Lessor") and Plm International, Inc. ("Lessee") Lessor and Lessee Hereby Agree to Amend the Lease as Follows: 1. Paragraph 17(i) Is Amended by Inserting the Following to the Beginning Thereof, "Without Lessor's Prior Written Consent Which Shall Not Be Unreasonably Withheld, Conditioned or Delayed Provided There Is No Material Adverse Change in Lessee's Credit Worthiness as a Result Thereof,". 2. "Paragraph 17(j) Is Amended by Inserting the Following to the Beginning Thereof, "Without Lessor's Prior Written Consent Which Shall Not Be Unreasonably Withheld, Conditioned or Delayed Provided the Credit Worthiness of the New Entity Is Equal or Better Than Lessee's as of the Date of This Lease,". 3. Paragraph 17 Is Further Amended by Adding the Following to the End Thereof: (K) Lessee Shall Fail to Have Closed the Sale Its Subsidiary Operation, American Finance Group, Inc., by March 31, 2000, However, Lessor Retains the Right to Grant Lessee an Extension to This Date at Lessor's Sole Discretion, Which Shall Not Be Unreasonably Withheld. (L) Lessee's Ration of Earnings Before Interest and Taxes (Ebit) to Interest Expense Shall Be No Less Than 1.35 to 1.0. Lessee's Net Income Shall Be No Less Than $1.00 for Any Two Consecutive Quarters. (M) Lessee's Tangible Net Worth Leverage Defined as Total Liabilities to Tangible Net Worth Shall Be No Greater Than 3.0 to 1.0. Ebit, Net Income and Tangible Net Worth Shall Be Calculated in Accordance With Gaap. 4. Except as Modified Herein, the Terms and Conditions of the Lease Remain the Same. Dated: October 12, 1999 Wells Fargo Equipment Finance, Inc. Plm International, Inc. By: Sheryl L. Parranto By: /S/ Richard K Brock Its: Officer Its: Chief Financial Officer <page>

from 10-Q 1 page Amendment No. 1 to Master Lease Dated April 2, 1999 Between Plm International, Inc. ("Lessee") and Wells Fargo Equipment Finance, Inc. ("Lessor") Lessor and Lessee Hereby Agree to Amend the Lease as Follows: 1. Paragraph 6 Is Amended by Adding the Following to the End Thereof: For Administrative Convenience and as an Accommodation to Lessee, Lessor Agrees That Lessee May Be Named as Owner on Certificate of Titles for the Equipment. 2. Paragraph 9 Is Amended by Adding the Following to the End Thereof: Notwithstanding Anything to the Contrary in This Paragraph 9, Lessee May, From Time to Time, Sublet the Equipment Without the Prior Consent of Lessor, Provided However That Lessee Shall Remain Fully Obligated to Lessor Under This Lease and the Term of the Sublease Shall Not Extend Beyond the Term of the Lease. 3. the Last Sentence of Paragraph 12 Is Amended to Read: Any Insurance or Condemnation Proceeds Received Shall Be Credited to Lessee's Obligation Under This Paragraph and Lessee Shall Be Entitled to Any Surplus. 4. Except as Modified Herein, the Terms and Conditions of the Lease Remain the Same. in Witness Whereof, Lessor and Lessee Have Executed This Amendment This 2nd Day of April, 1999. Wells Fargo Equipment Finance, Inc. Plm International, Inc. By: /S/ Sheryl L. Parranto By: /S/ J. Michael Allgood Its: Officer Its: V.P. and CFO <page>