Document:

AMENDMENT OF FIRSTFED FINANCIAL CORP.
                    SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

      Whereas, the First Federal Bank of California Supplemental Executive
Retirement Plan (the "Plan") is administered by the Compensation Committee of
the Board of Directors pursuant to authority delegated to such Committee by
the Board; and

      Whereas, the Committee may amend the Plan under delegated authority
pursuant to Section 6.1 of the Plan; and

      Whereas, the Committee determined that the present definition of
"Change in Ownership" as set forth in Section 1.4 of the Plan fails to
provide an exception from acceleration for a change in directors resulting
from normal retirement, and provides for immediate acceleration upon
stockholder approval of a plan or proposal for acquisition of the Company
notwithstanding the fact that significant conditions precedent, including but
not limited to regulatory approval, would be required for consummation of
such a transaction, and is not in the best interest of the Bank as presently
worded; and

      Whereas, the Committee determined that the Agreement should be revised
as set forth herein;

      Now, therefore, Section 1.4 of the Plan shall be revised to read as
follows:

1.4   "Change in Ownership" means the following :

(a)   An acquisition (other than from FirstFed Financial Corp., hereafter
         referred to as the "Company") by any person, entity or group (within
         the meaning of Sections 13(d) and 14(d) of the Securities Exchange
         Act of 1934, hereafter referred to as the "Exchange Act"),
         (excluding, for this purpose, the Company or any employee benefit
         plan of the Company which acquires beneficial ownership of voting
         securities of the Company) of "beneficial ownership" (as that term
         is defined by the Securities and Exchange Commission for purposes of
         Section 13(d) of the Exchange Act), directly or indirectly, of 15%
         or more of the outstanding voting stock of the Company; or

(b)   At any time during any period of two consecutive years, individuals who
         at the beginning of such period constitute the Board of Directors of
         Grantor cease, for any reason other than death, disability or normal
         retirement, to constitute at least a majority thereof, unless the
         election of each director who was not a director at the beginning of
         the period was approved by a vote of at least 75% of the directors
         still in office who were directors at the beginning of the period; or

(c)   Any reorganization, merger or consolidation of the Company with one or
         more corporations (other than a reorganization, merger or
         consolidation in which persons who were the stockholders of the
         Company immediately prior to such reorganization, merger or
         consolidation do not, immediately thereafter, own more than 50% of
         the combined voting power entitled to vote generally in the election
         of directors of the reorganized, merged or consolidated company's
         then outstanding voting securities); or upon the sale of all or
         substantially all the assets of the Company."

       This change shall be retroactive to the effective date of the Plan.

AEL:chgserpAMENDMENT OF FIRSTFED FINANCIAL CORP. AND
                       FIRST FEDERAL BANK OF CALIFORNIA
                    CHANGE OF CONTROL EMPLOYMENT AGREEMENT

Whereas, the Board of Directors of each of FirstFed Financial Corp. ("FFC")
and First Federal Bank of California ("FFB") (collectively, the "Company")
have approved certain Change of Control Employment Agreements between the
Company and certain officers of FFB (the "Agreements");  and

      Whereas, the Agreements provide for amendment thereof by written
agreement executed by the parties; and

      Whereas, the Directors of the Company have determined that the present
definition of "Change of Control" as set forth in Section 2(b) and 2(c) of
the Agreements fail to provide an exception from acceleration for a change in
directors resulting from death, disability or normal retirement, provide for
immediate acceleration of benefits upon stockholder approval of certain
acquisition transactions notwithstanding that significant conditions
precedent, including but not limited to regulatory approval, would be
required for consummation of such a transaction, and is not in the best
interest of the Company as presently worded; and

      Whereas, the Directors of the Company have determined that the
Agreements should be revised as set forth herein;

      Now, therefore, Section 2(b) and 2(c) of the form of the Agreement, as
well as all existing Agreements (to the extent agreed in writing by the
participants therein) shall be revised to read as follows:

      "(b) At any time during any period of two consecutive years,
individuals who at the beginning of such period constitute the Board of
Directors of Grantor cease, for any reason other than death, disability or
normal retirement, to constitute at least a majority thereof, unless the
election of each director who was not a director at the beginning of the
period was approved by a vote of at least 75% of the directors still in
office who were directors at the beginning of the period; or

      (c)  Any reorganization, merger or consolidation of the Company with
one or more corporations (other than a reorganization, merger or
consolidation in which persons who were the stockholders of the Company
immediately prior to such reorganization, merger or consolidation do not,
immediately thereafter, own more than 50% of the combined voting power
entitled to vote generally in the election of directors of the reorganized,
merged or consolidated company's then outstanding voting securities), or a
liquidation or dissolution of the Company or the sale of all or substantially
all of the assets of the Company."

       This change shall be retroactive to the effective date of the
Agreement.

AEL:chgcontrolagmtAMENDMENT OF FIRSTFED FINANCIAL CORP.
               1997 NONEMPLOYEE DIRECTORS STOCK INCENTIVE PLAN

      Whereas, the FirstFed Financial Corp. 1997 Nonemployee Directors Stock
Incentive Plan (the "Plan") is administered by the Compensation Committee of
the Board of Directors pursuant to authority delegated to such Committee by
the Board; and

      Whereas, the Committee may amend the Plan under delegated authority
pursuant to Section 14 of the Plan; and

      Whereas, the Committee determined that the present definition of
"Change of Control" as set forth in Section 4.2 of the Nonstatutory Stock
Option Agreements between the participants in the Plan and the Company (the
"Agreements") fails to provide an exception from acceleration for a change in
directors resulting from normal retirement, and provides for immediate
acceleration upon stockholder approval of a plan or proposal for acquisition
of the Company notwithstanding the fact that significant conditions
precedent, including but not limited to regulatory approval, would be
required for consummation of such a transaction, and is not in the best
interest of the Company as presently worded; and

      Whereas, the Committee determined that the Agreement should be revised
as set forth herein;

      Now, therefore, the second sentence of Section 4.2 of the form of the
Agreement, as well as all existing Agreements (to the extent agreed in
writing by the participants therein) shall be revised to read as follows:

      "For the purpose of this Agreement, a "Change of Control" of the
Grantor shall be deemed to occur if: (i) any "erson"(as that term is used
in sections 13(d) and 14(d) of the Exchange Act), is or becomes the
"eneficial owner"(as that term is defined by the Securities and Exchange
Commission for purposes of Section 13(d) of the Exchange Act), directly or
indirectly, of 25% or more of the outstanding Voting Stock of the Grantor or
its successors; or (ii) at any time during any period of two consecutive
years, individuals who at the beginning of such period constitute the Board
of Directors of Grantor cease, for any reason other than death, disability or
normal retirement, to constitute at least a majority thereof, unless the
election of each director who was not a director at the beginning of the
period was approved by a vote of at least 75% of the directors still in
office who were directors at the beginning of the period; or (iii) upon any
reorganization, merger or consolidation of Grantor with one or more
corporations (other than a reorganization, merger or consolidation in which
persons who were the stockholders of Grantor immediately prior to such
reorganization, merger or consolidation, immediately thereafter, own more
than 50% of the combined voting power entitled to vote generally in the
election of directors of the reorganized, merged or consolidated company's
then outstanding voting securities); or upon the sale of all or substantially
all the assets of Grantor ."

       This change shall be retroactive to the effective date of the Plan.

AEL:chgdiroptionAmendment to Stock Purchase Agreement

         Effective June 1, 2000, the stock purchase agreement, dated as of March
10, 2000 (the "Stock Purchase Agreement") between  Intellicall,  Inc. ("Seller")
and Gotthardfin Limited ("Purchaser") is amended to read as follows:

         Further Agreements

         Paragraph  5(c) of the  Stock  Purchase  Agreement  is  deleted  in its
entirety and replaced by the following:

         (c) Upon an offer from a third  party to purchase  the ILD shares,  the
Purchaser  grants  the  Seller  the  right of first  refusal  to match the offer
presented by the third party within 24 hours of receipt of such offer.

         EXECUTED as of the date first set forth above.

                                   GOTTHARDFIN LIMITED

                                   By:  /s/ Fabio Testori
                                        ---------------------------------------
                                            Fabio Testori
                                            Authorized Officer

                                   By:  /s/ Gabriele Zanetti
                                        ---------------------------------------
                                            Gabriele Zanietti
                                            Authorized Officer

                                   INTELLICALL, INC.

                                   By:  /s/ R. Phillip Boyd
                                        ---------------------------------------
                                            R. Phillip Boyd
                                            CFO

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