JOINT FILING AGREEMENT
Exhibit 3
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the
persons named below agree to the joint filing on behalf of each of them of a statement on Schedule
13D (including amendments thereto) with respect to the Common Stock of Panda Ethanol, Inc. and
further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In
evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement
this 14th day of October 2008.
| Date: October 14, 2008 | PANDA ENERGY INTERNATIONAL, INC. |
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| By: | /s/ Xxxxxx X. Xxxxxx | |||
| Name: | Xxxxxx X. Xxxxxx | |||
| Title: | Chief Executive Officer | |||
October 14, 2008 |
PLC II, LLC |
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| By: | /s/ Xxxxxx X. Xxxxxx | |||
| Name: | Xxxxxx X. Xxxxxx | |||
| Title: | Chief Executive Officer | |||
October 14, 2008 |
PANDA ENERGY MANAGEMENT, LP By PEMC, Inc., its general partner |
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| By: | /s/ Xxxxxx X. Xxxxxx | |||
| Name: | Xxxxxx X. Xxxxxx | |||
| Title: | Chief Executive Officer | |||
