April 17, 2013 Holders of Mission NewEnergy Limited Series Three Convertible Notes Re: Agreement and Release among Noteholders Dear Sirs:Agreement and Release Among Noteholders • May 15th, 2013 • Westcliff Trust • Industrial organic chemicals
As you know, SLW International, LLC has acted as non-fiduciary intermediary on behalf of the holders of the Series Three Convertible Notes (the “Notes”) with Mission NewEnergy Limited (the “Company”) concerning a potential sale of Mission’s 100,000 tpa biodiesel refinery and related assets in Malaysia (“M1 Asset Sale”) and the holders of the Notes are considering a proposal whereby a portion of the outstanding amount of the Notes would be redeemed by the Company in the event of the consummation of such M1 Asset Sale.
