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4' 200403669 the extent such Claim is an Allowed Claim, the New Citibank Guaranty, which shall be executed and delivered by Reorganized AMERCO on the Effective Date. 50. Modifications to Treatment of Class 4(a) BMO Secured Claim and Class 4(b) BMO Guaranty laim. Section 5.4 of the Plan is deleted in its entirety and modified to read as follows: a. Class 4 shall consist of a separate subclass for the BMO Secured Claim and the BMO Guaranty Claim. The alternative treatments set froth in this Article 5.4 of this Plan, shall be in full satisfaction, settlement, release, and discharge of the BMO Secured Claim and the BMO Guaranty Claim. (a) Class 4(a): BMO Secured Claim (Impaired). (i) Cash — Carey Sale Proceeds. In the event that the Carey Transaction is consummated by the Reorganized Debtors and U -Haul International, Inc. ( "U- Haul ") after the Effective Date but before a final decree is entered in the Debtors' Chapter 11 Cases, the holders of BMO Secured Claim shall receive an amount of Cash from the Carey Sale Proceeds equivalent to the amount of the Allowed BMO Secured Claim then outstanding, excluding therefrom, if applicable, any fine, penalty, interest or cost arising from or related to a default under the BMO Master Lease and the BMO Guaranty, provided that: (A) the Carey Sale Agreement shall have been approved by a Final Order of the Bankruptcy Court on or before a final decree is entered in the Debtors' Chapter I 1 Cases; and (B) the Carey Sale Transaction closes in accordance with the Carey Sale Agreement, including the payment of the Carey Sale Proceeds, on or before the entry of a final decree in the Debtors' Chapter 11 Cases. (ii) Restated BMO Master Lease. Unless and until the Carey Sale Transaction closes before the entry of a final decree in the Debtors' Chapter 11 Cases, Reorganized AREC shall, on the Effective Date of the Plan, execute and deliver the Restated BMO Master Lease to the holders of BMO Secured Claim, the terms of which shall include the following: (i) the Debtors shall pay $18.5 million in Cash on the Effective Date and Reorganized AREC and 0-Haul shall pay an additional $3.5 million in Cash on October 15, 2004 and October 15, 2005, all such payments being applied to principal; (ii) the Restated BMO Master Lease shall bear interest at Libor, plus 375 basis points with a 2% Libor floor; (iii) the Restated BMO Master Lease shall mature 3 years following the Effective Date, provided that Reorganized AMERCO shall have 4 one -year options to extend the maturity date and the cost of the initial option to extend shall be 50 basis points and shall escalate by 50 basis points each year for each successive option; (iv) principal shall amortize over 25 years (non - straight line amortization); (v) a transaction fee of 50 basis points on the outstanding principal amount (reduced by the cash payments described above), shall be payable in Cash on the Effective Date, and, if the outstanding obligations under the Restated BMO Master Lease are not satisfied in full before July 31, 2004, Reorganized AREC and U -Haul shall pay an additional 50 basis points on the then outstanding principal balance as an additional transaction fee; and (vi) on the Effective Date, Reorganized AMERCO will execute and deliver the New AMERCO Guaranty. b. Class 4(b)• BMO Guaranty Claim (Impaired). The holders of BMO Guaranty Claims shall receive in full satisfaction, settlement, release and discharge of the BMO Guaranty 270895.5 25