DEBT ASSUMPTION NOTEDebt Assumption Note • August 20th, 2007 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
This Debt Assumption Note is issued pursuant to a Debt Assumption Agreement dated as of even date herewith between the Lender and Borrower. Until the termination of the Debt Assumption Agreement, all payments due to the Lender under this Debt Assumption Note shall be paid to RZB Finance LLC.
