**SECOND AMENDMENT TO **

**AMENDED AND RESTATED WAREHOUSING CREDIT AGREEMENT**

**This Second Amendment to Amended and Restated Warehousing Credit Agreement **
**PLM Equipment Growth Fund VI,**
**PLM Equipment Growth & Income Fund VII**
**Transportation Equipment-PLM, LLC**
**Acquisub, LLC**
**Rail Investors II, LLC**
**PLM Financial Services, Inc.**
**Comerica Bank **
** **

**Recitals**

**A.**

**B.**

**Agreement**

**Now, Therefore**

**Section 1. **
**Addition of Rail as Borrower**

**Section 2.**
**Amendments to Section 1.1 of the Credit Agreement**

**2.1**
**Definition of Applicable Margin**

***Applicable Margin***

**(a)**

**(b)**

**2.2**
**Definition of Change of Control**
***Change of Control***

**2.3**
**Definition of Compliance Certificate**
***Compliance Certificate***

***Exhibit A***

**2.4**
**Definition of Equipment Purchase Agreement**
***Equipment Purchase Agreement***

**2.5**
**Definition of Funded Debt Ratio**
***Funded Debt Ratio***

**2.6**
**New Definition of GDE**

***GDE***

**2.7**
**Definition of Guaranty**
***Guaranty***

***Guaranty***
**Exhibit H **

**2.8**
**New Definition of JAC**

***JAC***

**2.9**
**New Definition of JAC/GDE Letter**

***JAC/GDE Letter***
**Exhibit C**

**2.10**
**Definition of Loan Document**
***Loan Document***

**2.11**
**Definition of Loan Parties**
***Loan Parties***

***Loan Parties***
***Loan Party***

**2.12**
**Definition of Operating Agreement**
***Operating Agreement***

***Operating Agreement***

**2.13**
**New Definition of Rail**

***Rail***

**2.14 **
**New Definition of Rail Commitment**

***Rail Commitment***
**Schedule A-1**
***Rail Commitments***
**Schedule A-1**

**2.15**
**New Definition of Rail Guarantor**

***Rail Guarantor***

**2.16**
**New Definition of Rail Guaranty**

***Rail Guaranty***
**Exhibit D**

**2.17**
**New Definition of Rail Sub-facility**

***Rail Sub-facility***
**Schedule A-1**
**Schedule A-1**
**Schedule A-1**

**2.18**
**Definition of Responsible Officer**
***Responsible Officer***

***Responsible Officer***

**2.19**
**New Definition of Second Amendment**

***Second Amendment***

**2.20**
**Definition of Security Agreements**
***Security Agreements***

***Security Agreements***
***Exhibit L***
**Exhibit LL**
***Exhibit M***
**Exhibit MM**
***Exhibit N***
**Exhibit NN**
***Exhibit O***
***Exhibit P***
**Exhibit PP**
**Exhibit Q **

**2.21**
**Definition of Subordination Agreements**
***Subordination Agreements***

***Subordination Agreements***
***Subordinated Lenders***
**Exhibit I-1**
**Exhibit I-2**
**Exhibit I-3**
*** ***
** **
**Exhibit I-4**
**Exhibit I-5**

**Section 3.**
**Other Amendments to the Credit Agreement.**

**3.1**

**2.1.1 **
**Revolving Facility**
**Non-Rail Advances**
*lesser*
*or*
**Maximum Availability**
*provided that*
**Rail Advances**
*lesser*
*or*
**Rail**
**Maximum Availability**
*provided that*
**Advances**

**(a)**
**Facility Commitments.**

**(i)**
**Requesting Borrower**
**Loan**
***Exhibit A***
**Note**

**(ii)**

**(iii)**
**Overadvance**
**Rail**
**Overadvance**

**(iv)**
*provided, however,*

**(v)**

**3.2**

**(c)**
**Rail Sub-facility Fee**

**3.3**

**2.1.3**
**Utilization of the Loans**
*provided, however,*
*provided, however*

**3.4**

**3.5**

**“3.3A**
**Conditions to Each Advance to Rail**

**3.3A.1**
**Security Documents**

**3.6**

**3.7**

**3.8 **

**3.9**

**3.10**

**3.11**

**3.12**

**3.13**

**3.14**

**6.13**
**No Distributions**
*except*
*and*
*except*
*and*
*except*
*and*

**3.15**

**6.15.1 **

**3.16**

**3.17**

**3.18**

**3.19**

**3.20**

**3.21**

**3.22**

**3.23**

**3.24**

**3.25**

**3.26**

**3.27**
**Schedule A-1**
**Schedule A**

**Section 4.**
**Amendments to Schedules and Exhibits.**

**4.1**
** Schedule A-1**
**Schedule A-1**

**4.2**
***Exhibit B***
**Exhibit A**
***Exhibit B***

**4.3**
***Exhibit G***
**Exhibit B**
***Exhibit G***

**Section 5.**
**Conditions Precedent.**

**5.1**
**Executed Amendment.**

**5.2**
**Rail Documents**

**(a)**

**(b)**

**(c)**

**(d)**

**5.3**
**Notes**

**5.4**
**Rail Guaranty**

**5.5**
**Guaranty**

**5.6**
**Subordination Agreements**

**5.7**
**JAC/GDE Letter**

**5.8**
**Security Documents (Rail)**

**5.9**
**Amendments to Security Agreements**

**5.10**
**Material Adverse Effect**
**.**

**5.11**
**Bringdown Certificate**

**5.12**
**Other Documents**

**5.13**
**Payment of Fees.**

**Section 6.**
**Limited Amendment.**

**Section 7.**
**Representations And Warranties.**

**Section 8.**
**Ratification and Reaffirmation of Liens. **

**Section 9.**
**Governing Law. **

**Section 10.**
**Effective Date of Amendment; Full Force And Effect; Entire Agreement.**

**Section 11.**
**Counterparts**