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                                                                  EXHIBIT 4.1

                      CONSULTING AGREEMENT

AGREEMENT, made this 1st day of July, 2003 by and between ConectiSys
Corporation, having its principal place of business at 24307 Magic Mtn.
Parkway, Suite 41, Valencia, CA  91355, (hereinafter the "Company") and
Clifford Mastricola, having his principal place of business at 2190 Carmel
Valley Rd Del Mar, CA  92014 (hereinafter the "Consultant").  The agreement
will become effective on the first day the consultation commences.

WHEREAS, the Company desires to retain the Consultant for consulting
services on connection with the Company's business affairs on a non-
exclusive basis, and the Consultant is willing to undertake to provide such
services as hereinafter fully set forth:

WITNESSETH

NOW THEREFORE, the parties agree as follows:

1.      Term:  The four (4) months from the date hereof. Either party may
cancel this contract with written notice provided seven (7) days prior to
cancellation date.

2.      Nature of Services: The Company hereby engages Consultant to render
the services hereinafter described during the term hereof (its being
understood and agreed that Consultant is free tender the same or similar
services to any other entity selected by it).

(1) Consult with Company as directed concerning on-going strategic
corporate planning, joint ventures and strategic alliances, including any
revision of the Company's client's business plan.

(2) Render advice with respect to leasing and/or other financing
arrangements of Company's product lines.

(3) Assist in negotiation of Company's contracts with suppliers and major
customers when so required by the Company.

(4) Consult with and advise Company with regards to potential mergers and
acquisitions, whether the Company's clients be acquiring or the target of
acquisition.

(5) Evaluate the Company marketing and sales requirements.

3.      Compensation:  It is mutually agreed that the Consultant will be
entitled to compensation of 12,000,000 shares of Company's common stock.

4.      Expenses:  Consultant shall pay his own expenses.

5.      Complete Agreement:  This Agreement contains the entire Agreement
between the parties with respect to the contents hereof supersedes all
prior agreements and understandings between the parties with the respect to
such matters, whether written or oral.  Neither this Agreement, nor any
term or provisions hereof may be changed, waived, discharged or amended in
any manner other than by any instrument in writing, signed by the party
against which the enforcement of the change, waiver, discharge or amendment
is sought.

6.      Counterparts: This Agreement may be executed in two or more
counterparts, each of which shall be an original but all of which shall
constitute one Agreement.

7.      Survival:  Any termination of this Agreement shall not, however,
affect the on-going provisions of this Agreement, which shall survive such
termination in accordance with their terms.

8.      Notice:  Any or all notices, designations, consents, offers,
acceptance or other communication provided for herein shall be given in
writing and delivered in person or by registered or certified mail, return
receipt requested, directed to the address shown below unless notice of a
change of address is furnished:

If to Consultant:

Clifford Mastricola
2190 Carmel Valley Road
Del Mar, CA  92014

If to Company:

ConectiSys Corporation
24307 Magic Mtn. Parkway
Suite 41
Valencia, CA  91355
Attention: Robert Spigno

9.      Severability: Whenever possible, each provision of Agreement will
be interpreted in such manner as to be effective and valid under applicable
law. If any provision of this Agreement is held to be invalid, illegal or
unenforceable provision had never been contained herein.

10.     Miscellaneous:

(a)     All final decisions with the respect to consultation, advice and
services rendered by the Consultant to the Company shall rest exclusively
with the Company, and Consultant shall not have any right or authority to
bind the Company to any obligation or commitment. (b)   The parties hereby
agree to submit any controversy or claim arising out of or relating to this
Agreement to final binding arbitration administered by the American
Arbitration Association ("AAA") under its Commercial Arbitration Rules, and
further agree that immediately after the filing of a claim as provided
herein they shall in good faith attempt mediation in accordance with the
AAA Commercial Mediation Rules; provided, however, that the proposed
mediation shall not interfere with or in any way impede the progress of
arbitration.  The parties also agree that (i) the AAA Optional Rules for
Emergency Measures of Protection shall apply to any proceedings initiated
hereunder; (ii) the arbitrator shall be authorized and empowered to grant
any remedy or relief, which the arbitrator deems just and equitable in
nature, including, but not limited to, specific performance, injunction,
declaratory judgment and other forms of provisional relief in addition to a
monetary award; (iii) the arbitrator may make any other decisions including
interim, interlocutory or partial findings, orders and awards to the full
extent provided in Rule 45 of the Commercial Arbitration Rules; and (iv)
the arbitrator shall be empowered and authorized to award attorneys' fees
to the prevailing party in accordance with Rule45 (d).

Agreed and Accepted on July 1, 2003 by and between:

Conectisys Corporation                  Consultant

By: /S/ ROBERT A. SPIGNO                By:   /s/ CLIFFORD MASTRICOLA
    -------------------------               ---------------------------
    Robert A. Spigno, CEO                   Clifford MastricolaPLM Income Fund 10Q EX 10.15 093003

 

 

SIXTH AMENDMENT TO 

WAREHOUSING CREDIT AGREEMENT 

This Sixth Amendment to Warehousing Credit Agreement (this "Amendment") is made and entered into as of September 30, 2003, by and among PLM Equipment Growth Fund V , a California limited partnership ("EGF V"), PLM Equipment Growth Fund VI, a California limited partnership ("EGF VI"), PLM Equipment Growth & Income Fund VII , a California limited partnership ("EGF VII"), Professional Lease Management Income Fund I, L.L.C., a Delaware limited liability company ("Income Fund I"), and Acquisub, LLC , a Delaware limited liability company ("Acquisub") (EGV V, EGF VI, EGF VII, Income Fund I, and Acquisub each individually being a "Borrower" and, collectively, the "Borrowers"), and PLM Financial Services, Inc. , a Delaware corporation and the sole general partner, in the case of EGF V, EGF VI and EGF VII, and the sole manager, in the case of Income Fund I and Acquisub ("FSI"), the banks, financial institutions and institutional lenders from time to time party to the Loan Agreement (defined below) and defined as Lenders therein ("Lenders"), and Comerica Bank ( "Bank" ), successor by merger to Imperial Bank not in its individual capacity, but solely as agent (in such capacity, the "Agent"). 

Recitals 

A.    Borrowers requested and the Lenders agreed to extend and make loans available to Borrowers upon the terms and conditions contained in that certain Warehousing Credit Agreement dated as of April 13, 2001, by and among the Borrowers (other than EGF V), FSI, Agent, and the Lenders, as amended by that First Amendment to Warehousing Credit Agreement, dated as of December 21, 2001, by and among the Borrowers (other than EGF V), FSI, Agent and the Lenders, that Second Amendment to Warehousing Credit Agreement, dated as of April 12, 2002, by and among the Borrowers, FSI, Agent and the Lenders, that Third Amendment to Warehousing Credit Agreement, dated as of July 11, 2002, by and among the Borrowers, FSI, Agent and the Lenders, that Fourth Amendment to Warehouse Credit Agreement, dated as of March 3, 2003, by and among the Borrowers, FSI, Agent and the Lenders, and that Fifth Amendment to Warehouse Credit Agreement, dated as of June 30, 2003, by and among the Borrowers, FSI, Agent and the Lenders ( as the same may from time to time be further modified, amended, supplemented, restated or superseded, the "Loan Agreement"). Initially capitalized terms not defined herein shall have the meanings assigned to such terms in the Loan Agreement. 

	
Borrowers and FSI have requested the Lenders to amend the Loan Agreement to extend the Commitment Termination Date, and the Lenders are willing to do so on the terms and conditions set forth herein and in reliance on the representations and warranties set forth herein. 

Agreement 

Now, Therefore , in consideration of the foregoing recitals and the mutual covenants herein set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, and to induce Agent and the Lenders to enter into this Amendment, Borrowers, FSI, Lenders and Agent hereby agree as follows: 

Section 1.    Amendment to Definitions. 

1.1    Amendment to Definition of "Commitment Termination Date." The definition of "Commitment Termination Date" contained in Section 1.1. of the Loan Agreement is deleted in its entirety and the following is inserted in lieu thereof: 

"Commitment Termination Date" means December 31, 2003. 

Section 2.    Conditions Precedent. The legal effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent: 

2.1    Executed Amendment. Agent shall have received this Amendment duly executed and delivered by FSI and each Borrower, and consented to and acknowledged by the Guarantors, and the same shall have become effective. 

2.2    Material Adverse Effect . No event that has resulted or could result in a Material Adverse Effect shall have occurred since the date of the most recent financial statements delivered to Agent pursuant to Section 5.1 of the Loan Agreement, as determined by Agent in its sole discretion; and 

2.3    Payment of Fees. Agent shall have received   reimbursement from Borrowers of its costs and expenses incurred (including, without limitation, its attorneys’ fees and expenses) in connection with this Amendment and the transactions contemplated hereby.    

Section 3.    Limited Amendment. Each of the amendments set forth in this Amendment shall be limited precisely as written and shall not be deemed (a) to be an amendment of any other term or condition of the Loan Agreement or the other Loan Documents, to prejudice any right or remedy which Agent or any Lender may now have or may have in the future under or in connection with the Loan Agreement or the other Loan Documents or (b) to be a consent to any future amendment. 

Section 4.    Representations And Warranties. Each of Borrower and FSI represents and warrants that its respective representations and warranties made in the Loan Documents continue to be true and complete in all material respects as of the date hereof after giving effect to this Amendment (except to the extent such specifically relate to another date). Each of Borrower and FSI further represents and warrants that the execution, delivery and performance of this Amendment are duly authorized, do not require the consent or approval of any governmental body or regulatory authority and are not in contravention of or in conflict with any material law or regulation or any term or provision of any other material agreement entered into by such Borrower or FSI, as applicable. 

Section 5.    Governing Law. Except as otherwise expressly provided in any of the Loan Documents, in all respects, including all matters of construction, validity and performance, this Amendment shall be governed by, and construed and enforced in accordance with, the laws of the State of California applicable to contracts made and performed in such state, without regard to the principles thereof regarding conflict of laws, and any applicable laws of the United States of America. 

Section 6.    Effective Date of Amendment; Full Force And Effect; Entire Agreement. This Amendment shall be deemed effective as of September 30, 2003. Except to the extent expressly provided in this Amendment, the terms and conditions of the Loan Agreement and the other Loan Documents shall remain in full force and effect. This Amendment and the other Loan Documents constitute and contain the entire agreement of the parties hereto and supersede any and all prior agreements, negotiations, correspondence, understandings and communications between the parties, whether written or oral, respecting the subject matter hereof or the extension of credit by the Lenders to the Borrowers and/or their affiliates. 

Section 7.    Counterparts . This Amendment may be executed in any number of counterparts, and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. 

 

 

Witness the due execution hereof by the respective duly authorized officers of the undersigned as of the date first written above. 

 

Borrowers:                                                     PLM Equipment Growth Fund V 

By PLM Financial Services, Inc., 

Its General Partner 

By 

Its________________________________________ 

PLM Equipment Growth Fund VI 

By PLM Financial Services, Inc., 

Its General Partner 

By 

Its________________________________________ 

PLM Equipment Growth & Income Fund VII 

By PLM Financial Services, Inc., 

Its General Partner 

By 

Its________________________________________ 

Professional Lease Management Income Fund I, L.L.C. 

By PLM Financial Services, Inc., 

Its Manager 

By 

Its________________________________________ 

Acquisub, LLC 

By PLM Financial Services, Inc. 

Its Manager 

By 

Its________________________________________ 

FSI:                                                                 PLM Financial Services, Inc. 

By 

Its________________________________________ 

 

 

Lenders:                                                         Comerica Bank, 

successor by merger to Imperial Bank 

By 

Its________________________________________ 

PFF Bank & Trust 

By 

Its________________________________________ 

Agent:                                                             Comerica Bank, 

successor by merger to Imperial Bank 

By 

Its________________________________________ 

 

The undersigned Guarantors under the Multiparty Guaranty dated as of April 13, 2001,as amended by Amendment No. 1 to Guaranty dated as of March 3, 2003 (the "Guaranty") hereby consent to the terms of the foregoing amendment and acknowledge that the Guaranty remains fully effective in accordance with its terms with respect to the obligations of the Borrowers under the Loan Agreement, as amended pursuant to this Amendment. 

Executed as of September 30, 2003. 

PLM International, Inc. 

By:__________________________ 

Its:__________________________ 

PLM Financial Services, Inc. 

By:_________________________ 

Its:_________________________ 

PLM Transportation Equipment Corporation 

By:__________________________ 

Its:__________________________ 

MILPI Holdings, LLC 

By:_________________________ 

Its:_________________________

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