0001019687-09-004252 Sample Contracts

SETTLEMENT AGREEMENT
Settlement Agreement • November 20th, 2009 • Pacific Ethanol, Inc. • Industrial organic chemicals • Colorado

This Settlement Agreement (“Agreement”) dated as of August __, 2009 (“Effective Date”) is entered into by and between Campbell-Sevey, Inc., a Minnesota corporation, (“Campbell-Sevey”), on the one hand, and Pacific Ethanol, Inc., a Delaware corporation, (“PEI”) on the other hand (collectively referred to herein as “Parties”).

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FIRST AMENDMENT TO SETTLEMENT AGREEMENT
Settlement Agreement • November 20th, 2009 • Pacific Ethanol, Inc. • Industrial organic chemicals

This FIRST AMENDMENT TO SETTLEMENT AGREEMENT ("Agreement") dated as of November 16, 2009 ("Effective Date") is entered into by and between CAMPBELL-SEVEY, INC., a Minnesota corporation, ("Campbell-Sevey"), on the one hand, and PACIFIC ETHANOL, INC., a Delaware corporation, ("PEI") on the other hand (collectively referred to herein as "Parties").

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