Re: Note Purchase Agreement, dated as of November 19, 2007 (as amended, supplemented or otherwise modified, the “Note Purchase Agreement”), by and among RIO VISTA PENNY LLC, an Oklahoma limited liability company (“Company”), the Holders party thereto,...Note Purchase Agreement • April 14th, 2009 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
Company has requested that Holders extend the required payments of principal and accrued interest that are due and payable on February 28, 2009 and also to extend the date to deliver the Engineering Report effective as of November 1, 2008, in each case to March 23, 2009. Accordingly, in reliance upon the representations, warranties, covenants, and waivers of the Restricted Persons contained in this Letter, and subject to the terms and conditions of this Letter, Administrative Agent and Holders hereby agree that (i) the mandatory principal payment in respect of the Notes due and payable on the December 2008 Quarterly Payment Date pursuant Section 2.8(a) of the Note Purchase Agreement is hereby extended to March 23, 2009 (which was previously extended to February 28, 2009 by letter agreement dated December 30, 2008 among the parties hereto), (ii) the required payment of accrued interest in respect of the Notes due and payable on the December 2008 Quarterly Payment Date is hereby extended
SECOND AMENDMENT TO PROMISSORY NOTEPromissory Note • April 14th, 2009 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
WHEREAS, that certain Promissory Note (the “Note”) dated November 19, 2007, securing a loan from GARY MOORES, an individual resident of Oklahoma (the “Lender”), of FIVE HUNDRED THOUSAND DOLLARS AND NO CENTS ($500,000.00), to RIO VISTA ENERGY PARTNERS, L.P., a Delaware limited partnership (the “Borrower”), became due and payable on May 19, 2008 by and under its own terms and was not paid by the Borrower to the Lender as agreed upon in the Note and as such Borrower was delinquent upon its payment to Lender and thus, in default upon the Note, and;
FIFTH AMENDMENT TO LOAN AGREEMENTLoan Agreement • April 14th, 2009 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
This FIFTH AMENDMENT TO LOAN AGREEMENT dated as of March 31, 2009 (this “Fifth Amendment”), is between RZB FINANCE LLC (the “Lender”) and Rio Vista Energy Partners L.P. (the “Borrower”).
SECOND AMENDMENT TO LOAN AGREEMENTLoan Agreement • April 14th, 2009 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
This SECOND AMENDMENT TO LOAN AGREEMENT, dated as of July ___, 2008, is between RZB FINANCE LLC (“RZB”) and Rio Vista Energy Partners L.P. (the “Borrower”).
THIRD AMENDMENT TO LOAN AGREEMENTLoan Agreement • April 14th, 2009 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
This THIRD AMENDMENT TO LOAN AGREEMENT dated as of December _____, 2008 (this “Third Amendment”), is between RZB FINANCE LLC (the “Lender”) and Rio Vista Energy Partners L.P. (the “Borrower”).
FOURTH AMENDMENT TO LOAN AGREEMENTLoan Agreement • April 14th, 2009 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations) • New York
This FOURTH AMENDMENT TO LOAN AGREEMENT dated as of February 28, 2009 (this “Fourth Amendment”), is between RZB FINANCE LLC (the “Lender”) and Rio Vista Energy Partners L.P. (the “Borrower”).
