LOAN RESTRUCTURING AGREEMENTLoan Restructuring Agreement • November 10th, 2008 • Pacific Ethanol, Inc. • Industrial organic chemicals • California
THIS LOAN RESTRUCTURING AGREEMENT (this “Agreement”) is dated as of November 7, 2008, by and among PACIFIC ETHANOL IMPERIAL, LLC, a Delaware limited liability company (“PE Imperial”), PACIFIC ETHANOL, INC., a Delaware corporation (the “Company”), PACIFIC ETHANOL CALIFORNIA, INC. (“PECA”; together with PE Imperial and the Company, the “PE Parties”) and LYLES UNITED, LLC, a Delaware limited liability company (the “Lender”). PE Imperial, the Company, PECA and Lender are sometimes referred to individually as a “Party” and collectively as the “Parties” herein.
IRREVOCABLE JOINT INSTRUCTION LETTER November 7, 2008Irrevocable Joint Instruction Letter • November 10th, 2008 • Pacific Ethanol, Inc. • Industrial organic chemicals
UNCONDITIONAL GUARANTYUnconditional Guaranty • November 10th, 2008 • Pacific Ethanol, Inc. • Industrial organic chemicals • California
THIS UNCONDITIONAL GUARANTY (“Guaranty”) is executed by the above-named Guarantor in favor of LYLES UNITED, LLC, a Delaware limited liability company (“Lender”), as of the date set forth above.
ContractLimited Recourse Guaranty • November 10th, 2008 • Pacific Ethanol, Inc. • Industrial organic chemicals • California
ContractSecurity Agreement • November 10th, 2008 • Pacific Ethanol, Inc. • Industrial organic chemicals • California
