PURCHASE AGREEMENT ------------------ THIS PURCHASE AGREEMENT made and entered into as of October 21, 1997, by and between the Purchasers set forth on Schedule I hereto (each a "Purchaser", collectively, the "Purchasers") and Penn Octane Corporation,...Purchase Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
SECURITY AGREEMENT THIS SECURITY AGREEMENT (the "Agreement") is dated this 16th day of June, 1997 by and between Penn Octane Corporation, a corporation duly organized and validly existing under the laws of the State of Delaware (the "Borrower"), and...Security Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
NEITHER THIS WARRANT NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR THE SECURITIES LAWS OF ANY STATE. NEITHER THIS WARRANT NOR THE SHARES OF COMMON STOCK ISSUABLE UPON...Common Stock Purchase Warrant • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
PURCHASE AGREEMENT ------------------ THIS PURCHASE AGREEMENT made and entered into as of the date indicated on the signature page hereof, by and between Western Wood Equipment Corporation (Hong Kong) (the "Purchaser") and Penn Octane Corporation, a...Purchase Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
July 31, 1997 Mr. Jerry Richter Penn Octane Corporation 900 Veterans Boulevard, Suite 240 Redwood City, CA 94063 Re: Purchase Agreement 0515-007182 Dear Jerry, Confirming our conversation today, it is agreed that for deliveries by tank trucks, the...Purchase Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
AGREEMENTConsulting Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
GUARANTY & AGREEMENT Guaranty and Agreement ("Guaranty") between the Guarantor named below and RZB FINANCE LLC (together with its successors and assigns, "RZB"), dated as of October 14, 1997. Special Terms The following terms and provisions shall...Guaranty Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
Borrower: PENN OCTANE CORPORATION Lender: Bay Area Bank 900 VETERANS BLVD. 900 Veterans Blvd. SUITE 240 P.O. Box 2579 REDWOOD CITY, CA 94063 Redwood City, CA 94064 Principal Amount: $251,495.00 Initial Rate: 11.50% Date of Note: April 2, 1997 PROMISE...Loan Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
Borrower: PENN OCTANE CORPORATION Lender: Bay Area Bank 900 VETERANS BLVD. 900 Veterans Blvd. SUITE 240 P.O. Box 2579 REDWOOD CITY, CA 94063 Redwood City, CA 94064
GENERAL SECURITY AGREEMENT In consideration of loans, credit or other financial accommodations extended or continued from time to time to, or on the guaranty, endorsement or other assurance of, the undersigned ("Obligor") by RZB Finance LLC (together...General Security Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
PENN OCTANE CORPORATION/EXXON COMPANY, U.S.A. SALE AGREEMENT PENN NO. ___/EXXON NO. PEB221 This Agreement is entered into effective November 1, 1997, by and between Exxon Company, U.S.A., a division of Exxon Corporation ("Exxon"), and Penn Octane...Sale Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
Borrower: PENN OCTANE CORPORATION Lender: Bay Area Bank 900 VETERANS BLVD. 900 Veterans Blvd. SUITE 240 P.O. Box 2579 REDWOOD CITY, CA 94063 Redwood City, CA 94064 Guarantor: JEROME B. RICHTER 26280 DORI LANE LOS ALTOS HILLS, CA 94022 AMOUNT OF...Guaranty Agreement • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • California
Borrower: PENN OCTANE CORPORATION Lender: Bay Area Bank 900 VETERANS BLVD. 900 Veterans Blvd. SUITE 240 P.O. Box 2579 REDWOOD CITY, CA 94063 Redwood City, CA 94064
CONTINUING AGREEMENT FOR PRIVATE LETTERS OF CREDIT October 14, 1997 To: RZB FINANCE LLC Gentlemen: In consideration of your issuing from time to time, at our request, your Commercial and/or Standby Letters of Credit (herein called individually, the...Continuing Agreement for Private Letters of Credit • November 13th, 1997 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
