FIRST AMENDMENT TO STOCK PURCHASE AGREEMENT This First Amendment to Stock Purchase Agreement (the "Amendment") is made and entered into as of February 26, 1998, by and among McNeilus Companies, Inc., a Minnesota corporation (the "Company"), all of the shareholders of the Company listed on the signature page (collectively, the "Shareholders") and Oshkosh Truck Corporation, a Wisconsin corporation (the "Buyer"). RECITALS A. The parties entered into the Stock Purchase Agreement by and among Buyer, the Company and shareholders dated December 8, 1997 (the "Agreement"); and B. The parties desire to amend the Agreement as described herein. NOW, THEREFORE, in consideration of the foregoing premises and of the mutual covenants herein contained, the parties agree as follows: 1. Section 2.1 shall be deleted, and replaced as follows: 2.1 Purchase Price. The purchase price (the "Purchase Price") payable for the Shares shall be Two Hundred Eleven Million Five Hundred Thousand Dollars ($211,500,000). The Purchase Price has been reduced by Five Hundred Thousand Dollars ($500,000), which reduction shall be deducted solely from the proceeds paid to Garwin McNeilus under Section 2.2.(b) below. 2. Section 2.2.(b) shall be deleted, and replaced as follows: 2.2.(b) Cash to Shareholders. At the Closing, Buyer shall deliver to Shareholders the sum of Two Hundred Eleven Million Five Hundred Thousand Dollars ($211,500,000), less the amount paid to the Escrow Agent pursuant to subsection 2.2.(a) above. 3. Except as modified by this Amendment, the Agreement shall remain in full force and effect. 4. This Amendment may be executed in one or more original or facsimile counterparts, all of which shall be considered but one and the same agreement, and shall become effective when one or more such counterparts have been executed by each of the parties and delivered to the other parties. IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above. OSHKOSH TRUCK CORPORATION McNEILUS COMPANIES, INC. ("Buyer") ("Company") By: /s/ Robert Bohn By: /s/ Denzil McNeilus Robert Bohn Denzil McNeilus Chief Executive Officer President SHAREHOLDERS /s/ Garwin McNeilus Garwin McNeilus /s/ Denzil McNeilus Denzil McNeilus /s/ Brandon McNeilus Brandon McNeilus /s/ Marilee McNeilus Marilee McNeilus General Conference Of the Seventh Day Adventist Church By: /s/ Philip Follett Name: Philip Follett Vice President