REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • November 15th, 2007 • Panda Ethanol, Inc. • Industrial organic chemicals • Texas
This Registration Rights Agreement (this “Agreement”) is made and entered into as of November 9, 2007, among Panda Ethanol, Inc., a Delaware corporation (the “Company”), and Panda Energy International, Inc. (“Panda Energy”).
LOAN AGREEMENT Date: November 9, 2007Loan Agreement • November 15th, 2007 • Panda Ethanol, Inc. • Industrial organic chemicals • Texas
The undersigned, Panda Ethanol, Inc. (“Borrower”), a corporation duly organized, existing and in good standing under the laws of the State of Nevada, has requested that Panda Energy International, Inc. (“Lender”) lend to Borrower a term loan in the aggregate maximum amount not to exceed $1,000,000 (the “Loan”), for the purposes set forth in Section 5(m) below. Lender has advised Borrower that Lender is willing to lend such funds to Borrower upon the terms and subject to the conditions set forth in this Loan Agreement (the “Agreement”). In consideration for the above premises and the mutual promises and covenants herein contained, Borrower and Lender do hereby agree as follows:
PLEDGE, ASSIGNMENT, AND SECURITY AGREEMENTPledge, Assignment, and Security Agreement • November 15th, 2007 • Panda Ethanol, Inc. • Industrial organic chemicals • New York
THIS PLEDGE, ASSIGNMENT, AND SECURITY AGREEMENT (this “Security Agreement”) is executed as of November 9, 2007, by Panda Ethanol Holdings, LLC, a Delaware limited liability company (“Debtor”), whose address is 4100 Spring Valley, Suite 1002, Dallas, Texas 75244, and Panda Energy International, Inc., a Texas corporation (hereafter referred to as “Secured Party,”) whose address is 4100 Spring Valley, Suite 1001, Dallas, Texas 75244.
SERVICES AGREEMENTServices Agreement • November 15th, 2007 • Panda Ethanol, Inc. • Industrial organic chemicals • Texas
THIS AGREEMENT (the “Agreement”) for the performance of services is effective as of September 1, 2007, between Panda Energy Management, LP (“PEM”), a Delaware limited partnership, and Panda Ethanol, Inc. (“PEI” or the “Company”), a Nevada corporation. PEM and the Company are hereinafter sometimes referred to individually as a “Party” and jointly as the “Parties.”
